Simply put, contactless payments are a way of paying for goods and services without having to physically swipe or insert your card into a POS device.
This increasingly popular payment option is fast and secure way to make purchases and businesses that offer more than one payment method often see an increase in revenue. Along with Chip cards, it makes it harder for anyone to steal your information compared with the magnetic-stripe cards.
When the payment is taken, the customers name, card number and 3 digit security code isn't transmitted keeping the transaction secure. Information submitted through the merchant terminal through contactless payment is encrypted and difficult to intercept.
Contactless Payments benefits businesses by providing fewer fraud losses and reduce customer wait times because of how quick it can process. In turn this will increase customer satisfaction, and a streamlined payment system that eliminates the amount of steps it takes to process a single transaction.
Technology is forever changing and Choosing the right P.O.S System can help streamline contactless payment options even further.
The business solutions we provide, can help free up your time, alleviate business stress, as well as save you money now and into the future. Business solutions, money savings and responsiveness to your needs - are only a phone call away.
Champion Payments, helping businesses win.