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, e.g. Samsung Pay, Apple Pay, Google Pay, Fitbit Pay, or any bank mobile application that supports contactless) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike other types of mobile payments which use broad-area cellular or WiFi networks and do not involve close physical proximity. EMV is a common standard used by major credit card and smartphone companies for use in general commerce. Contactless smart cards that function as stored-value cards are becoming popular for use as transit system farecards, such as the Oyster card or RioCard. These can often store non-currency value (such as monthly passes), in additional to fare value purchased with cash or electronic payment. Tokenisation is a newer concept of encapsulating a card issuers details within a hardware device application such as via Apple Pay app on iPhones. Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are usually limited to small value sales. Lack of authentication provides a window during which fraudulent purchases can be made while the card owner is unaware of the card's loss.Major financial institutions and multinational corporations now offer contactless payment systems to customers as contactless credit cards have become widespread in the U.S., U.K., Japan, Germany, Canada, Australia, France, the Netherlands, etc., as consumers are likely to spend more money using their cards due to the ease of small transactions. With contactless cards growing in numbers and percentages of adoption, the number of payments by this method had increased significantly since the spending limit was raised. Purchases made by card now surpass those made by cash and account for approximately one-third of all card transactions in countries like the UK. Contactless payments specifically have become increasingly popular, accounting for 4 out of 5 point-of-sale purchases in Australia as of 2019. Card issuers indicate that they will increase the availability of contactless cards to consumers. There are over 58 million contactless-enabled cards and over 147,000 terminals in use in the UK alone, VISA estimated that there would be 300 million contactless cards issued in the US by the end of 2020, up from the predicted 100 million at the end of 2019. (Wikipedia).
PAYEMTNSfn 2018 - If You Love Your Data, Set It Free by David Santoso
Spreedly Done Quick
From playlist PAYMENTSfn 2018
Modeling Minimum Payments on a Credit Card
In this video, we model a minimum payment schedule on a credit card.
From playlist Personal Finance
Google Meet: Using the Mobile App
If you use your smartphone or tablet for work or to talk with family or friends, you can use Google Meet’s mobile app to virtually connect with a simple video call. The mobile app is easy to navigate and has many features that you can use such as sharing your screen and sending a message.
From playlist Google Meet
So I saw a pretty good deal as I logged into Paypal. They were advertising for a Paypal Rewards Card, which is basically a VISA credit card. It looks pretty cool so I applied for it, and got the physical card in 6 business days. Check it out!
From playlist Money
A Guardian Jobs guide to negotiating a pay rise, including advice on how much to ask for, when to ask and how to do it. Subscribe to The Guardian Jobs on YouTube ► https://bit.ly/3TATcZ5 Website ► http://jobs.theguardian.com Facebook ► https://en-gb.facebook.com/guardianjobs Twitter ► h
From playlist Find Your Value
It’s surprisingly easy to listen to private conversations if you know how to hack satellites, bug devices or tap a phone line. Learn more at HowStuffWorks.com: http://people.howstuffworks.com/wiretapping.htm Share on Facebook: Share on Twitter: Subscribe: http://goo.gl/ZYI7Gt Visit our
From playlist Stuff About Technology
Webinar: EMV for Merchants and Acquirers -- U.S. Migration Considerations
Date: Thursday, Oct. 6, 2011, 1pm ET/10am PT Globally, the payments industry is migrating from magnetic stripe bank cards and infrastructure to EMV chip cards and infrastructure to improve the security of bank card transactions. EMV is an open-standard set of specifications for smart ca
From playlist Payments
ShmooCon 2012: Credit Card Fraud: The Contactless Generation (EN)
Speaker: Chris Paget Over the last few years, the payment card industry has been (somewhat stealthily) rolling out contactless payment cards - RFID-chipped credit cards that don't need a swipe through a magstripe reader to be processed. You may well have one of these cards and not know i
From playlist ShmooCon 2012
How Does Apple/Google Pay Work?
Weekly system design newsletter: https://bit.ly/3tfAlYD Checkout our bestselling System Design Interview books: Volume 1: https://amzn.to/3Ou7gkd Volume 2: https://amzn.to/3HqGozy ABOUT US: Covering topics and trends in large-scale system design, from the authors of the best-selling Sy
From playlist Payment Systems
29C3: Milking the Digital Cash Cow (EN)
Speaker: Timo Kasper Extracting Secret Keys of Contactless Smartcards Contactless smartcards have become widespread for applications such as ticketing, access control, identification and payments. Side-channel analysis (SCA) is a powerful type of passive implementation attack that enable
From playlist 29C3: Not my department
Top Tips For Negotiating A Pay Rise
Discussions about salary can be tricky to raise, but our latest video offers some top tips to approaching the subject professionally so you stand the best chance of success
From playlist Find Your Value
What Does EMV Mean for Acquirers?
ACI Worldwide software powers electronic transactions for financial institutions, processors and retailers around the world - all the time, without fail. http://www.aciworldwide.com/what-we-do/retail-payments/emv-solutions/emv-for-acquirers.aspx ---------WEBINAR TRANSCRIPTION-------------
From playlist Payments
OHM2013: Another Rambling Talk About EMV
For more information visit: http://bit.ly/OHM13_web To download the video visit: http://bit.ly/OHM13_down Playlist OHM 2013: http://bit.ly/OHM13_pl Speaker: Tim Becker A brief introduction to EMV, the protocol spoken between smart card based credit cards and terminals. A mixture of plast
From playlist OHM 2013
21. Fare Policy, Structure, and Technology
MIT 1.258J Public Transportation Systems, Spring 2017 Instructor: Gabriel Sanchez-Martinez View the complete course: https://ocw.mit.edu/1-258JS17 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62AU7iNniqVoMl8C64tIOVk This lecture discussed the objectives of fare polic
From playlist MIT 1.258J Public Transportation Systems, Spring 2017
DsiN Film Campaign for Secure Internet Use: Online Shopping
The film Secure Online Shopping shows how important it is to know who your business partners are and to only use secure payment options when shopping online. Source: Deutschland Sicher Im Netze (http://bit.ly/cRQoOo)
From playlist awareness
EMV for Issuers Webinar: EMV Implementation, Infrastructure & Tools
ACI Worldwide software powers electronic transactions for financial institutions, processors and retailers around the world - all the time, without fail. http://www.aciworldwide.com/emv ---------WEBINAR TRANSCRIPTION-------------- This is David Grindell; I'm with ACI, out of our Toronto
From playlist Payments
EMV 101: Fundamentals of EMV Chip Payment
Commonly used globally in place of magnetic stripe, EMV chip technology helps to reduce card fraud in a face-to-face card-present environment; provides global interoperability; and enables safer and smarter transactions across contact and contactless channels. EMV implementation was initia
From playlist Payments
PAYMENTSfn 2018 - Card Not Present, meet Card Present by Nathan Adamson
The hospitality industry, with its high-volume of consumer-driven transactions, has been under immense pressure to change to accommodate new standards such as EMV into their flow. Because Radtab builds solutions for hospitality businesses to navigate all the change, we get a front row seat
From playlist PAYMENTSfn 2018
Web 2.0 Summit 09: Scott Thompson, "High Order Bit: An Open
Scott Thompson (PayPal, Inc.), "High Order Bit: An Open Platform For Payment"
From playlist Web 2.0 Summit 2009
An Overview of EMV for the US Market
ACI Worldwide software powers electronic transactions for financial institutions, processors and retailers around the world - all the time, without fail. http://www.aciworldwide.com/emv ---------WEBINAR TRANSCRIPTION-------------- Today's topic is EMV: An Overview with Some US Considerat
From playlist Payments