Contactless payment systems (also known as "tap and go" or "wave and pay") are credit cards and debit cards, key fobs, or other devices which use RFID for making secure payments. The embedded chip and antenna enable consumers to wave their card or fob over a reader at the point of sale. Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase.
Major financial entities now offering contactless payment systems include MasterCard, Citibank, JPMorgan Chase, Wells Fargo, American Express, KeyBank, Barclays, Barclaycard and HSBC. Visa PayWave and Mastercard PayPass are examples of contactless credit cards which become widespread in US and UK.
With the security issues a standard credit card has with the magnetic stripe, a contactless payment card without the stripe offers additional securities for the consumer such as their card not easily being skimmed.
The FD100 is perfect for any fast growing mid-volume business needing a terminal that can keep up with day to day operations. With a large easy-to-use touchscreen, 6 expansion ports, and blazing fast 3" wide thermal printer, the FD100 can process transactions faster than ever before.
The FD30 PIN Pad is designed for speed and convenience, combining a traditional magnetic stripe reader and a contact-less reader into one compact unit. The FD30 offers customers faster, more flexible payment options and allows the merchant to accept multiple types of card holder initiated transactions.
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