Contactless payments are a modern way to pay for your everyday purchases with one simple touch. Our newest VISA credit cards and MasterCard debit cards offer this feature. To use, just wave or tap your card in front of a contactless terminal. There’s no requirement to enter a PIN or sign to authorize a transaction. Contactless payments use Near Field Communication (NFC), which allows the card and terminal to transmit and receive information securely by bringing them together.

Benefits of Tap & Pay Transactions

1. Faster and more convenient transactions
2. Always you to go “Wallet-less” when linked to a smart phone
3. Hacking threats reduced

While the positives outweigh the cons, it is worth pointing out that some experts have said that the simplicity of contactless payments can lead to overspending. Practicing safe and mindful spending should eliminate this issue.