Contactless technology is fast gaining popularity and is an easy way to complete a transaction quickly and securely. The introduction of EMV chip technology is producing new, faster and more convenient ways to pay. The Viagra Jelly payment process involves no physical contact between the consumer payment device and the cheap viagra 100mg physical point of sale (POS) terminal. The consumer holds the contactless card in close proximity to the POS terminal and the payment information is communicated wirelessly via radio frequency.

Contactless payments have obvious benefits such as ease of use and security. They are also beneficial to companies who deal with vast numbers of quick, low-value payments as they do not lower transaction processing costs, unlike traditional chip and pin methods.

Although consumers are largely unfamiliar with contactless technology, there is a market for EMV chip technology and the contactless payments benefit consumers and merchants alike. Retailers traditionally avoided using payment cards for low-value transactions because the processing would be too costly. With contactless technology all of these problems no longer exist and a growing number of retail companies Kamagra are taking contactless technology onboard.

Banks across Europe are now in the process of issuing a quarter of a billion Visa EMV chip cards and upgrading millions of card acceptance devices, making the transaction process accessible to all. Contactless cards look like your normal debit/credit card, and the technology is held in the small chip (microprocessor). Look out for the contactless symbol on your debit card when you renew it.

There is a market for this new technology and research conducted by big name banks proves this; Chase reported that customer time at the POS is reduced 30-40% when using contactless technology. American Express discovered contactless transactions are 63% faster than cash and 53% faster than traditional debit card methods. MasterCard noted significant time-savings in the drive-through environment, where 12-18 seconds were saved during purchase time compared to cash.

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