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  2. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card ...

  3. How to make payments with your phone - AOL

    www.aol.com/finance/payments-phone-164336000.html

    First, add your credit and/or debit cards to Apple Pay. Open the Wallet app on your iPhone, tap the plus sign and follow the instructions to add a new card to Wallet. Once you’ve added the card ...

  4. Card reader - Wikipedia

    en.wikipedia.org/wiki/Card_reader

    A card reader is a data input device that reads data from a card-shaped storage medium and provides the data to a computer. Card readers can acquire data from a card via a number of methods, including: optical scanning of printed text or barcodes or holes on punched cards, electrical signals from connections made or interrupted by a card's punched holes or embedded circuitry, or electronic ...

  5. Contactless smart card - Wikipedia

    en.wikipedia.org/wiki/Contactless_smart_card

    Contactless smart card. A contactless smart card is a contactless credential whose dimensions are credit card size. Its embedded integrated circuits can store (and sometimes process) data and communicate with a terminal via NFC. Commonplace uses include transit tickets, bank cards and passports. There are two broad categories of contactless ...

  6. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    PAX Technology S90 credit card terminal with a Visa card inserted.. A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1]), is a device which interfaces with payment cards to make electronic funds transfers.

  7. EMV - Wikipedia

    en.wikipedia.org/wiki/EMV

    EMV. EMV is a payment method based on a technical standard for smart payment cards and for payment terminals and automated teller machines which can accept them. EMV stands for " Europay, Mastercard, and Visa ", the three companies that created the standard. [1] EMV cards are smart cards, also called chip cards, integrated circuit cards, or IC ...

  8. Smart card - Wikipedia

    en.wikipedia.org/wiki/Smart_card

    Smart card. A smart card ( SC ), chip card, or integrated circuit card ( ICC or IC card ), is a card used to control access to a resource. It is typically a plastic credit card-sized card with an embedded integrated circuit (IC) chip. [1] Many smart cards include a pattern of metal contacts to electrically connect to the internal chip.

  9. What Is a Digital Wallet and How Do They Work? - AOL

    www.aol.com/digital-wallet-182547764.html

    A digital wallet is a cashless payment system that stores your payment information and allows you to make transactions through your devices, without swiping a debit or credit card.. These systems ...

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