Contactless Payment – Everything You Need to Know About the Technology
NFC technology has become very common in recent months and several credit cards have already adopted it.
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The main idea behind this technology is to simplify the user's life, and indeed, it has been doing so.
If you're still unfamiliar with this technology, it's a good idea to get informed, as it's likely to become even more popular among card users.
So, keep reading this text and learn everything you need to know about it, in a simple and educational way.
See below what awaits you in this post:
- How contactless payment works;
- What is the difference between NFC and Contactless;
- What are the advantages and disadvantages of this technology;
- Which cards have this technology;
- How to pay with NFC;
- Conclusion.
How does contactless payment work?
Contactless payment is possible thanks to NFC technology, which translates to near field communication.
With it, it is not necessary to insert the card into the machine and enter a password to make a payment.
In other words, only approximation is necessary.
In the case of cards, they come equipped with a wireless communication chip.
In this way, NFC technology is what allows conversation between two devices that are close together.
Transaction information is transmitted through codes, without the need for interference or mediation from other machines.
If you have a card and are still unsure whether or not it has this technology, a simple way to find out is to look if it has a symbol similar to the Wi-Fi symbol, but lying down, pointing to the right.
As in the image above…
The card with this symbol is also known as a contactless card.
See below what the relationship is between this card model and the contactless payment.
What is the difference between NFC and Contactless?
Well, the two terms are related, both accept the contactless payment.
To be clear, NFC is the technology, so the term Contactless is used to refer to payments made by proximity.
Therefore, the translation of the word means “Contactless”, that is, Contactless card = contactless card, in short, card with contactless payment.
What are the advantages and disadvantages of contactless payments?
NFC technology, like most technologies, brings many benefits to our lives.
Among them, for example, it is worth highlighting the practicality and speed when paying for a purchase.
With it, you don't have to worry about memorizing passwords or carrying them written down by hand, or on a piece of paper in your wallet.
Furthermore, since you don't need to type passwords, the process ends up being even faster.
This technology, in addition to being used for cards, is also compatible with cell phones and watches.
This way, you can go shopping without even needing to carry a wallet, just the device where the technology is installed.
Other than that, it is worth noting that this payment method is secure, there is no possibility of the receiving device having access to the card's bank details and passwords.
A major disadvantage to this technology is that you need to be careful not to lose your card, as anyone can easily use it.
So, if you notice that it has disappeared, immediately block the option contactless payment in your digital wallet.
If you cannot find the card, contact the card issuer and block the item.
Which cards have this technology?
THE contactless payment It is not only available for credit cards, but also for debit and prepaid versions.
However, not all financial institutions have adopted this technology yet, but to make your life easier, learn about some options. Contactless cards:
1. Iti Itaú credit card
The Iti credit card, in addition to having this technology, stands out for its missions and referral program.
Therefore, it's a great way to earn extra cash. Download the app, open your account, and request a card.
3. Pan Card
When paying for your purchases with your Banco Pan card, you can also count on this technology.
Plus, you get cashback, exclusive discounts, and can pay for your purchases in up to 24 installments.
Click here and request yours.
4 .Bitz
The Bitz payment wallet card also features this technology. It has no annual fee, and you can also earn extra money by referring friends.
To request yours, download the Bitz app.
5. Banco Inter
The Banco Inter credit card stands out for its cashback, but it has many other benefits to offer.
Your digital account is comprehensive and offers a wide range of financial and banking services.
Therefore, to enjoy these benefits and still use your card with contactless payment, download the app and open your account.
6. Mercado Pago
Mercado Pago doesn't offer a physical credit card, only debit and virtual cards. The digital account is also comprehensive and packed with benefits.
The 100% account is digital and free. Download the app, open your account, and receive your card in just a few days.
How to pay with NFC?
Typically, you can turn this technology on or off in the card app; in some cases, it activates automatically when you make your first purchase with the card.
If this technology is already activated, when paying your bill, choose the “debit or credit” payment method and tell the attendant that you will pay by contactless payment.
Place the card on the machine on the side with the wireless communication symbol and chip.
You can do this process yourself; you don't need to hand your card over to the attendant. This makes this option even safer.
Conclusion
NFC technology was created to bring more convenience and practicality to users in their daily lives.
So, if your card has it, be sure to use it. contactless payment and save more of your time.
