4 Things to Know About Contactless Payment Cards

If you recently received a new credit or debit card, you may have noticed an added feature: a symbol on the front or back of the card signaling contactless, “tap to pay” capability. Learn more about contactless cards.

U.S. consumers may have noticed more checkout terminals featuring the contactless pay symbol and more banks delivering contactless, or tap to pay, cards. Contactless cards communicate with a point of sale terminal using wireless technology. Here are four things you should know about this fast, simple, and secure new payment method.

Contactless card technology provides additional security over magnetic stripe-based transactions when contactless payment terminals are used. But not all merchants or ATMs have tap to pay terminals. Plus, online transactions continue to be processed the usual way, though strides are being taken to improve the security of these transactions, as well.

It’s important to remember that no method is foolproof, so you should continue to manage and protect your debit and credit card accounts.

Learn more about tap to pay and see if your debit or credit card is equipped for contactless payments.