Visa payWave definition

Visa payWave refers to the facility that allows you to execute Card Transactions either by tapping or waving your Card against such Visa payWave Readers (as defined in Clause 3.3 below) without requiring any signature, PIN or other authentication on your part (subject to such activation and authentication procedures referred to in Clause 3.2) .

Visa payWave. Contactless Payment by using Visa payWave platform for retail purchases. Only applicable to selected cards with Contactless logo.

Visa payWave means functionality as part of a Visa Debit card that allows Transactions to be made at participating Merchants by holding your Card or mobile device such as a smart phone (which is capable of making a Contactless Transaction) in front of a Contactless Terminal. You do not have to sign or enter a PIN to complete the Transaction if the purchase is for less than $100. Purchases made using your mobile device may require input of your Mobile Device Passcode.

Examples of Visa payWave in a sentence

• Transactions authorised by Visa payWave or Mastercard Paypass are treated as authorised and debited to your Account.

• Although no PIN, TPIN or Password is required for a Visa payWave or Mastercard Paypass Transaction, a Visa payWave or Mastercard Paypass secure reader shall be treated as a terminal.

• You can also use your Visa payWave or Mastercard Paypass Card as a Chip or magnetic stripe Card.

• Before authorising payment for Visa payWave or Mastercard Paypass Transactions, you must check that the correct amount of your Purchase is displayed on the Visa payWave or Mastercard Paypass reader or on the shop register.

• You cannot use Visa payWave or Mastercard Paypass to authorise Cash Advances.

• Before authorising a Visa payWave Transaction by waving the BOQ Specialist Debit Card over the merchant’s enabled Visa payWave terminal, a Cardholder must check that the correct amount is displayed on the Visa payWave terminal.

• If your Visa Card is payWave enabled, then it may be possible for your Visa Card to be used to pay for transactions that are under $100.00 by using the Visa payWave functionality at Visa payWave participating merchants.

• Before authorising a Visa payWave transaction by waving your Visa Card over the merchant’s enabled Visa payWave terminal, you must check that the correct amount is displayed on the Visa payWave terminal.

• You can use Visa payWave or Mastercard Paypass to authorise Purchases within the Visa or Matercard Transaction limits, at participating Merchants which have a Visa payWave or Mastercard Paypass secure reader and display the Visa payWave or Mastercard Paypass logos.

• If a cumulative Visa payWave or Mastercard Paypass Transaction limit is reached, in order to make Visa payWave or Mastercard Paypass functionality available again, you must conduct a successful Chip Transaction.

More Definitions of Visa payWave

Visa payWave means the use of card by tapping the card with a distance of 4cm in terminal retailers to purchase.

Visa payWave means functionality as part of a Visa Debit card that allows transactions to be made at participating merchants by holding your Card (which is capable of making a Contactless Transaction) in front of a Contactless Terminal. You do not have to sign or enter a PIN to complete the transaction if the purchase is for less than $100.

Visa payWave means Visa's contactless payment application facility which may be incorporated into a Card by the Bank pursuant to Clause 16.3 below. Headings are for convenience only and do not affect interpretation. Words denoting the singular shall include the plural, and words denoting one gender shall include all genders.

Visa payWave means the use of the card by touching the card with a 4cm in terminal shopkeepers to purchase. V2.0 11/2016

Visa payWave or “UnionPay QuickPass”. (ee) Unless the context requires otherwise: - (i) words denoting one gender shall include all other genders; and (ii) words denoting the singular shall include the plural and vice versa.