Contactless cards are just as secure as EMV chip cards. And, in a contactless transaction, the card never leaves the consumer’s hand, adding an additional layer of security.
Contactless cards use short-range wireless technology to complete payments between a contactless card or payment-enabled device and a contactless-enabled checkout terminal. Like the EMV chip, contactless payments use encrypted technology. For every contactless transaction, a specific, one-time code is created that secures the cardholder’s payment information. The code cannot be reused even if a criminal intercepts it.
It’s simple to add a contactless card reader system to your operations. M&T Bank can customize a card acceptance program that works for both you and your customers. Doing so allows for fast, secure transactions that could grow your average ticket size, capture unplanned purchases and improve your cash flow.