Contactless technology is becoming a popular way of making payments or sending information. The process is enabled by a technology known as Near Field Communication (NFC), it works by a wireless chip that contains the user’s payment card details.
Users can make payments of up to £100 at stores, cafes and other outlets simply by waving their smartphone or contactless card over a contactless card reader, without the need to physically insert their card or use a PIN. You will see the symbol on cards and payment terminals where contactless can be used.
Other contactless devices
How does the technology work?
A contactless card has a chip that holds your account information and an antenna (a loop of cooper wire around the edge of the card) which picks up power from the signal sent out by a card reader.
Are contactless cards safe?
Using contactless payments safely
Protect your contactless payment cards by investing in special sleeves or wallets so that they cannot be cloned (copied) by others, or used by you accidentally to pay for your own or others’ purchases
Will my bank refund fraudulent payments?
If your contactless card is stolen, or copied, your bank should reimburse you. Fraudulent transactions on contactless cards are protected by the same rules that apply to other card payments.