credit card payment

In which countries does one use a smart card (chip) and PIN code to make a credit card payment?

This all depends whether the country has adopted smart-card payment technology. Visa and MasterCard are encouraging countries to move to this technology as it helps reduce credit card fraud. 76 countries are now deploying or have deployed smart card payment technology.

Europe has been a focus of this activity and migration has occurred in most countries, but these are not the only countries where the new technology is used. In many instances, magnetic stripe cards can still be used for payments when you physically present the card to a person, like at a restaurant.

International

Customers Tap and Pay in Sao Paolo

One of Brazil's largest financial institutions has been testing the use of RFID-enabled credit cards as part of a project involving EPC Gen 2 passive ultrahigh-frequency (UHF) tags attached to mobile phones. The pilot, believed to be the first of its kind in that country, launched in September of this year and is expected to be completed in December. The system enables customers to make payments for products at four stores in Sao Paolo, by tapping their phones at a device located at the point of sale.
International

Customers Tap and Pay in Sao Paolo

One of Brazil's largest financial institutions has been testing the use of RFID-enabled credit cards as part of a project involving EPC Gen 2 passive ultrahigh-frequency (UHF) tags attached to mobile phones. The pilot, believed to be the first of its kind in that country, launched in September of this year and is expected to be completed in December. The system enables customers to make payments for products at four stores in Sao Paolo, by tapping their phones at a device located at the point of sale.
U.S.

What are the differences between a credit card and a debit card?

A debit card is used to make payments from a checking account or savings account. You are using the card to access your own money. Think of a credit card as a type of loan that is given to you by the bank or card issuer. When you use a credit card, you have the option of paying the entire balance at once, or paying it off in installments. It is something like an instant loan that you can use when you need it.

To get a credit card, you have to apply to the issuer and be approved, as if you were getting a loan.

International

Can someone use the information from my contactless credit or debit card to make contactless purchases or a counterfeit card?

The security put in place by the payment brands and issuers prevents contactless credit card fraud. It combines features of the smart card technology in the card with the same debit and credit network that processes all other transactions to create many layers of protection for you.

Plus, your contactless payment cards are protected by the same Zero Liability policies that protect your magnetic stripe consumer credit and debit accounts.

International

Can someone read information off my contactless credit or debit card without my knowledge?

Since the cards are designed to be read within five centimeters from the terminal, a criminal would have to get extremely close to you with a reader.

But remember, the issuer of your card and the payment brands have put security measures in place to protect you, so even in the unlikely event that a criminal has read something off your contactless card, he or she can't do anything with it.

International

Why don’t I have to sign or enter a PIN when I pay using my contactless card?

Contactless payment is all about speed, particularly in places that traditionally have not accepted credit cards because of the time it takes to conduct the transaction. Eliminating the signature and PIN speeds up your purchase and gets you on your way. It is best to check with the company that issued you your card, but generally if the amount is $25 (€20) or less, neither a signature or PIN is required.
International

Can someone use the information from my contactless credit or debit card to make contactless purchases or a counterfeit card?

While extremely unlikely, it is technically possible.  Since the cards are designed to be read from up to 10 centimeters away, a criminal would have to get extremely close to you with a reader.  But remember, the issuer of your card and the payment brands have put security measures in place to protect you, so even in the unlikely event that a criminal has read something off your contactless card, he or she can't do anything with it.
U.S.

Can someone read information off my contactless credit or debit card without my knowledge?

While extremely unlikely, it is technically possible. Since the cards are designed to be read from up to 10 centimeters away, a criminal would have to get extremely close to you with a reader. But remember, the issuer of your card and the payment brands have put security measures in place to protect you, so even in the unlikely event that a criminal has read something off your contactless card, he or she can't do anything with it.

More information: http://www.smartcardalliance.org/pages/publications-contactless-payment-...

U.S.

How does contactless payment security work?

There are many layers of security throughout the credit and debit payment systems that protect you and detect potential fraudulent activity when you make payments.  The card itself has new contactless smart card technology inside that significantly increases security compared to magnetic stripe payment cards. Contactless refers to the fact that it is a wireless device.
U.S.

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