Contactless payment card definition

Contactless payment card means a payment card that ena- bles the execution of contact and contactless card-based pay- ment transactions and contains records based on a chip and/ or magnetic stripe, and records based on contactless technol- ogy. Contactless card-based payment transactions are initiated by the payment card being brought close to the accepting de- vice for payment cards (e.g. an EFTPOS terminal), which pos- sesses readers for contactless payments. As a rule, contactless payment cards retain all the functionalities of contact payment cards and have the additional possibility of initiating contact- less card-based payment transactions.
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Contactless payment card means a payment card that enables the execution of contact and contactless card-based payment transactions and contains records based on a chip and/or magnetic stripe, and records based on contactless technology . Contactless card-based payment transactions are initiated by the payment card being brought close to the accepting device for payment cards (e .g . an EFTPOS terminal), which possesses readers for contactless payments . As
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Examples of Contactless payment card in a sentence

  • London TravelWatch has previously expressed the view that Oyster and Contactless payment card acceptance should be extended further from Swanley to Sevenoaks and from Dartford to Gravesend in line with the operation of ‘metro’ services over these routes and the widespread availability of these technologies amongst the population of these areas.

  • New POS infrastructure needed2007: Contactless payment card first launched by Barclays UK, new POS infrastructure needed again Prices ~5x higher than predecessor at launch2013: Biometrics introduced in iPhone 5S, now ubiquitous! 2014: Apple Pay introduced 2019: Apple Card introducedBiometric payment cards introduced.

  • Contactless payment card limitFollowing a public consultation by the Financial Conduct Authority, the government has approved an increase to the legal contactless payment limits previously set by the European Commission.

  • Accelerating smart payment card technology adoptionTime for new innovation to reach 1bn volume 1995: EMV smartcard (chip & pin) introduced in Europe.New POS infrastructure needed2007: Contactless payment card first launched by Barclays UK, newPOS infrastructure needed again 2020:Biometricpayment cards being introduced.

  • Cauri Money customers have access to Debit Contactless payment card that is accepted nearly everywhere in the world.

Related to Contactless payment card

  • Payment card means a credit card, charge card, debit card, or any other card that is issued to an authorized card user and that allows the user to obtain, purchase, or receive goods, services, money, or anything else of value from a merchant.

  • MONTHLY KILOMETREAGE STATEMENT CUM BILL means the format specified by the Company.

  • Identification card means an identification card issued under Title 53,

  • Billing Cycle for any Mortgage Loan and Collection Period means the billing period specified in the related Credit Line Agreement and with respect to which amounts billed are received during the Collection Period.

  • Distribution center means a building or structure used primarily for the storage of goods which are intended for subsequent shipment to retail outlets. Distribution center does not mean a building or structure used primarily to store raw agricultural products, used primarily by a manufacturer to store goods to be used in the manufacturing process, used primarily for the storage of petroleum products, or used for the retail sale of goods.

  • Customer Service means Company’s customer service telephone service department or representatives.

  • Virtual Machine means a software container that can run its own operating system and execute applications like a Server.