By OneCard | May 30, 2023
Contactless credit cards are trending big time in the market. These credit cards use a no-touch form of payment, and all you need is one tap, and your payment is processed. Unlike traditional credit cards that require swiping or inserting the card, contactless credit cards use radio frequency technology to communicate with the payment terminal. This makes payments even faster and more convenient for users, as they don’t need to physically handle the card or enter a PIN for small transactions. These cards have enhanced security features such as tokenisation and encryption, making them more secure than traditional credit cards. Many banks and financial institutions in India are now offering contactless credit cards to their customers, making it easier than ever to make quick and secure payments.
When you make payments without making any contact, it is called contactless payment. These payments can be done via credit, debit, or gift cards, or with the help of UPI. Contactless payment methods are also secured with encryption and tokenisation to protect user information.
A contactless credit card is a payment card that uses radio frequency identification (RFID) technology to communicate with a payment terminal. This makes it easier for users to complete transactions by simply tapping or waving their card near the terminal, rather than swiping or inserting it. No doubt, contactless credit cards are quicker as there is no need to enter a pin (up to a certain limit), more convenient as there’s no need to swipe, and of course, equally secure for users. This eases up things, particularly for the more regular, day-to-day, smaller transactions.
With their rising popularity, it is important to understand how contactless credit cards work.
Remember to not remove your card instantly and wait for the signal to turn green to ensure your transaction is successful.
Contactless credit cards come with many benefits. These include:
They enable you to make easy and faster transactions. Just tap to pay, and your payment is made without entering the PIN or inserting your card.
With contactless credit cards, users can simply tap or wave their card near the payment terminal, making the payment process more convenient and user-friendly.
Most contactless credit cards offer exclusive and exciting rewards that help you earn more and more reward points that you can encash later.
Contactless credit cards can also be used with mobile payment systems and wearable devices, making it easier for users to make payments from their devices.
Using your contactless credit card is easy and simple. You just need to ensure that your merchant has a contactless payment terminal.
To know if your credit card is contactless or not, look for a symbol on the front or back of your card. The symbol typically looks like a Wi-Fi signal, or four curved lines, and indicates that the card is equipped with an RFID chip. If still unsure, you can always reach out to your issuer for the same. Remember that you need to enable contactless transactions either from your issuer’s app or by contacting them. In some cases, many issuers also upgrade your card to a contactless one by issuing a new one.
Contactless credit cards have advanced security features that protect you against fraud. Some of them include the following.
Also Read: How your OneCard Keeps You Safe From Fraud
Definitely! Contactless credit cards are safe to use in India due to their advanced security features like tokenisation, encryption, and app controls. However, it is important to monitor your transactions from time to time to avoid any discrepancies and protect yourself from fraud.
OneCard Credit Card comes with a contactless feature and has a powerful mobile app that has advanced controls, swipe-to-pay, and tap-in-app authentication apart from many exciting features. Get your OneCard today!
**Disclaimer: The information provided in this webpage does not, and is not intended to, constitute any kind of advice; instead, all the information available here is for general informational purposes only. FPL Technologies Private Limited and the author shall not be responsible for any direct/indirect/damages/loss incurred by the reader for making any decision based on the contents and information. Please consult your advisor before making any decision.