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The Most Common Types of Contactless Payment Methods and How They Work

Stax

The system generates a one-time encrypted code for each transaction, preventing fraudsters from stealing payment data. This is why 90% of shoppers still prefer contactless payments post-pandemic. Heres a look at the most popular types of contactless payment methods and how they can transform your checkout process.

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The Rise of Contactless Payments and Tap on Phone

Cardfellow

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?

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myTU Introduces Google Pay for Secure Contactless Payments

Fintech Finance

This trend underscores a significant shift in consumer behavior towards mobile-enabled, contactless payments. Payments are completed faster, and customers benefit from Google Pays robust security features, which ensure that card details remain encrypted and protected during every purchase.

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Payment Gateway vs Payment Processor: What You Need to Know

Stax

Industry data shows that 70% of consumers say the availability of their preferred payment method is very or extremely influential when choosing an online store. A payment processor and payment gateway are both crucial components in transactions, as they enable the various ways that shoppers want to pay.

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Mastercard Brings Apple Pay to Customers in Egypt

Fintech Finance

To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.

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Visa Brings Apple Pay to its Customers in Egypt

Fintech Finance

To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. Contactless payments are already trusted and popular in Egypt, and were excited to bring Apple Pay to our Visa cardholders.”

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Adyen Goes Live with Tap to Pay on iPhone in Additional European Markets

Fintech Finance

The functionality allows businesses, such as Fresha , the world’s #1 booking platform, marketplace and payments system for beauty and wellness, to use an iPhone to accept contactless payments, without the need to purchase or manage additional hardware. We’re proud to be expanding it to new countries together with Apple.”