Contactless payments enable customers to “wave” their chip-embedded card or other payment device, such as a mobile phone, in close proximity to a reader at the point-of-sale (POS) to pay for a purchase. The end result of a contactless transaction is the same as a traditional card swipe, but may provide the added benefits of improved transaction speed and enhanced security. Offering a contactless reader at the POS enhances the customers’ payment flexibility and provides your business with a platform to comply with industry security mandates.
Call PNC Merchant Services® customer service at 800-742-5030.
Tell us that you would like to upgrade your POS equipment to new equipment that is capable of accepting mobile payments at the point of sale.
We will answer your questions and explain how the upgrade process works.
After you complete the equipment upgrade, your business will realize a number of benefits beyond being able to accept mobile payments. For example, the new equipment will utilize a security technique called tokenization that offers data security not offered on traditional card swiping. Tokens are comprised of upper- and lower-case letters, numbers and special characters that have no relationship to customers’ actual payment information — tokens only point to the payment data. Therefore, token usage helps protect against credit card fraud.
Smart Card Alliance. The Mobile Payments and NFC Landscape: A U.S. Perspective. A Smart Card Alliance Payments Council While Paper. September 2011
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