Tap and Pay.
Small Business Center
Contactless Payment Limit Increased to $250
Effective April 9, 2020, Visa, Mastercard, and Amex have confirmed that customers can now pay for purchases up to $250 by tapping their cards near the terminal. The limit was increased to help limit the number of things customers need to touch at retail stores when completing essential shopping.
Contactless Payments Gaining Popularity in the US
This year, US consumers can expect to upgrade many of their debit and credit cards to include tap and pay functionality, also known as NFC technology.
What is the Difference Between NFC and EMV?
Cards that use EMV technology have a small computer chip implanted on the card that communicates with the terminals to ensure you are not a fraudster. If a card is equipped with NFC, or Near Field Communication technology, then they are able to pay for a purchase by simply holding their card close to the terminal, essentially facilitating contactless payments.
Tap and Pay to Become a Primary Transaction Method
Creating a quick and easy checkout experience is beneficial for businesses looking to complete customer transactions as fast as possible such as grocery stores, quick-service restaurants, and pharmacies.
3 Reasons Why Tap and Pay (NFC) Is Awesome
Tap and pay is a form of payment that allows a customer to tap a card or device against your card reader to pay instead of inserting a card.
What is Apple Pay?
Apple Pay is a mobile wallet that takes advantage of NFC (Near-Field-Communication) technology, also known as "Tap & Pay".