The popularity of contactless payments exploded in the US during the COVID-19 epidemic as consumers became more cautious of public spaces and opted for pay-by-tap methods to ensure their safety and convenience. The technology has already been an international success and new implementations blend the convenience of mobile apps with cards for an even more secure experience.

When a transaction is conducted using contactless technology, a card is brought near a point-of-sale terminal for cards with the contactless symbol that looks like an active WiFi signal that is which is turned on its side. At this point, the information is transmitted electronically through a digital fingerprint, which helps protect the card from being stolen. This method is more secure than the magnetic stripes found on the back of credit cards that are traditional, making it easier for criminals to steal and copy your account details.

While some are still concerned about security with contactless payments but the truth is that most banks provide a 100% protection against fraud on these transactions. Additionally, the majority of cards place a conservative limit on contactless purchases so that thieves who are able to steal your card will need to spend an enormous amount before they rack through your card. Some mobile apps also have additional features that guarantee your privacy, for instance the requirement of a fingerprint or facial identity to verify the purchase. Many customers are more comfortable with contactless payments and they expect companies to accept them to enhance their shopping experience. For businesses that want to speed up the process of payment, offering contactless payments is the best way to cut customer wait times.

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