CONTACTLESS CARDS

Contactless card transactions are 60% faster than magnetic strip transactions. The card owner simply taps or waves their card over the RFID reader, waits for the approval, and as soon as the terminal connects with the bank account, the transaction is complete.

A contactless card with 128-bit and triple DES encryption is most secure and protects the data from unauthorized access.

The contactless card never transmits the card number. Instead, the RFID chip within the card creates a unique number for the transaction; if a criminal intercepted the number, it would be useless even if successfully decrypted.