A new trend in payment technology is pushing electronic payments beyond traditional card transactions, making new payment methods faster, more convenient and secure. Now Visa cardholders can experience increased convenience, speed and security with the latest innovation in payment — Visa payWave.
Wave to Pay
Visa is committed to providing customers with payment choices that fit their lifestyles and enable transactions in both traditional and emerging merchant environments. As the world becomes increasingly mobile and consumers more active, Visa has eliminated the need for the card to come in physical contact with the merchant terminal. Visa payWave, Visa’s contactless technology feature, enables account holders to complete a purchase simply by waving a Visa payWave-enabled card or mobile device in front of a secure reader.
Contactless: Convenient and Secure
Visa payWave allows for faster transactions and increased convenience while still maintaining Visa’s high-security standards. A chip is embedded in the card, sending information to the secure reader at the point of sale. Visa payWave enhances security by introducing EMV-level security, the payment industry’s highest level of encryption technology. In addition, cardholders remain in control of their cards during the entire transaction, further reducing the risk of fraud.
It’s All About Choice
One of the advantages of Visa payWave contactless technology is its ability to enable payment through new and compelling form factors beyond traditional payment cards, such as mini-cards, key fobs and mobile devices. As part of delivering Visa payWave via mobile devices, Visa is actively engaged in market trials around the globe to test mobile payments, and has recently launched the first commercial mobile Visa payWave program, enabling consumers in Malaysia to pay at the point of sale simply by waving a mobile device enabled by Near Field Communication (NFC) technology.