Chip Cards Contactless Payments Encryption 
Cardfellow
FEBRUARY 26, 2025
Tap on phone (or tap to phone as Visa calls it and tap to mobile for Amex and Discover) is a contactless payment method where customers tap a sellers smartphone instead of a credit card machine to pay. In this article, well go over contactless payments and specifically tap on phone. What are contactless payments?
Stax
MARCH 13, 2025
Card networks must maintain them properly and pay for fraud prevention tech (data encryption, tokenization, real-time tracking, etc.). To improve the payment experience for consumers, card networks must innovate and incorporate the latest technologies. Swipe fees fund these initiatives and cover the maintenance costs.
Stax
NOVEMBER 14, 2024
This means you’ll be able to accept chip cards as well as contactless payment methods like contactless cards and digital wallets like Google Pay or Apple Pay. Mobile Payment Solutions Perfect for the on-the-go business owner, mobile payment technology can be a game-changer for your business.
Cardfellow
MAY 17, 2025
If your system is down for more than a few minutes, customers may go elsewhere, especially as many dont carry cash or alternate forms of payment anymore. If your machine is older and doesnt support security features like tokenization and encryption, you could be vulnerable. Lack of modern security features.
PYMNTS
AUGUST 9, 2017
Sound travels at 767 miles per hour, so if you want a faster contactless payment, audio waves aren’t a bad vehicle for it. But harnessing audio waves for payments purposes is easier said than done, because it’s not like developing an app. It’s as encrypted as an EMV chip card, yet can be processed in under two seconds.
Clearly Payments
DECEMBER 2, 2024
Key Statistics Over 83% of in-store transactions are paid using credit or debit cards. Contactless payments , such as tap-to-pay, grew by 25% year-over-year in 2023 , making up a significant portion of in-store card transactions. Accepts contactless and EMV chip cards , which are more secure than magnetic stripes.
Stax
NOVEMBER 13, 2023
Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s. And the winner of the 2010s and beyond is the NFC-powered, contactless sensation that is tap-to-pay.
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