Visa payWave Card or Tap to pay is a contactless method of payment – latest technology in visa payments. Cardholders just need to wave Card in front of contactless POS reader at checkout instead of handing over to cashier for swiping. It is secure, fast, convenient payment method.
Now no worry about forgetting your debit card or credit card PIN while making payments at restaurants, coffee shops, mall etc. Visa Paywave technology enables cardholder to just “Tap and Go” payments at Point of sale (POS) terminals without using PIN for payments under Rs 2000/-.
Customer don’t need to enter PIN for making purchases under Rs. 2000/-. Payments by Visa Paywave enabled cards are three times faster over paying with cash. Even if you forget the Pin, you can easily make payment without PIN with Visa Paywave.
Here in this post, we are going to learn,
- What is Visa Paywave Card?
- Benefits of Visa payWave Card
- How does visa payWave work
- How to make contactless payment?
- Is Visa payWave safe?
- Where to get Visa payWave card in India
- Where to use visa payWave in India
What is Visa Paywave Card?
Visa payWave is a latest technology in debit / credit cards that enable contactless payment feature. It is also known as Visa Tap to Pay. It enables cardholders to “Tap” their card on a contactless POS terminal to make payment up to a threshold limit instead of swiping or dipping into the machine. Therefore, it also reduces the chances of skimming and fraudulent transactions.
The transaction is done in seconds as soon as tip wave the card near the POS terminal.
Benefits of Visa Paywave card
Visa payWave is latest evolution in payment technology. It is fast and secure method of payment. Here are the benefits –
Easy and Convenient
Payment by Visa Paywave enabled card is super easy and convenient. Just Tap your card near the POS machine and complete your transaction up to Rs. 2000/-. There is no need to enter the card PIN or signature.
If your mobile device is NFC enabled, you can also make payment through Visa Paywave app – in case you don’t have card.
Payment by Visa Paywave is super fast, transaction is done in seconds as soon as you bring the card within 4 cm range of contactless POS machine.
It saves times of both cashier and customer due to shorter transaction time.
Safe and Secure
Transaction is done through contactless method, so card never leaves you. It makes it more safe and secure. For transaction up to Rs. 2000, there is no need to enter the PIN.
However, you are required to enter the PIN for payments above Rs. 2000/- for extra security reasons.
Moreover, the visa tap to pay card do not transmit personal information such as name, address or contact details. Hence, such information can’t be accessed by unauthorized methods.
How does Visa payWave work?
- Visa payWave card work on the Near Field Communication (NFC) technology.
- These are dual interface EMV chip card with RFID antennae for contactless transactions.
- When the card is brought near to card terminal, it securely transmits payment information to and from the contactless card reader.
- The secure reader receives the payment information through radio frequency or Near Field Communication technology.
- During the contactless payment, the card remains in your hand.
- The card also has magnetic stripe for using it at places where contactless system is not available or when the payment amount is above Rs 2000/-.
The contactless cards take significantly less time as compared to tradition card swipe based transactions. Thus, these cards enhance the customer convenience and enable the merchants to process the payments faster.
How to make contactless payment with visa payWave card?
Here is how – you can make contactless payment with visa payWave card.
- Find the stores that accept contactless payment.
- Cashier at store enters the bill details in POS terminal.
- Once the transaction is ready, tap your card with in 4 cm range of contactless POS terminal.
- When you hear the beep, the transaction is complete.
- Green light at POS terminal confirms the transaction.
In whole transaction, card never leaves your hand.
Is Visa payWave safe?
Now, there will be a definite question in your mind.
- Is Visa payWave safe? OR
- Are contactless payments safe?
To ensure the security of transactions, here are some security standards that secure all Visa payment solutions.
Visa payWave is enabled with in-built encryption technology, for protecting the card data and security of contactless payment. Each contactless payment is based on EMV chip technology and includes a unique code that changes with each transaction.
Every time, it translates the data from every Visa payWave transaction into a unique authentication code that can only be used once.
Thus, it protects each and every transaction, as well as personal information.
Ultra Short read range
The card should be in 4 cm read range of contactless POS terminal in order for payment information to be sent to the terminal. It reduces the risk of unauthorized devices being able to read a Visa payWave enabled card and use the data for fraudulent transaction.
Consumer in control
The card never leaves your hand which puts the transaction in your control. It reduces any chances of card skimming and fraud. Also, only once payment can be processed at a time, so your account will not be debited twice.
Zero Liability Policy
Visa’s Zero Liability Policy ensures that cardholder will not be held responsible for any fraudulent transaction or purchase made using Visa.
Note: Visa’s Zero Liability policy covers Australia and New Zealand-issued cards and does not apply to ATM transactions, transactions not processed by Visa or certain commercial card transactions. Cardholders should notify their issuer promptly of any unauthorised Visa use. Please consult your issuer for additional details.
Where to get Visa payWave card in India – List of Banks
You can get your visa payWave card in India from any of the bank listed below –
- Axis Bank
- Bank of Baroda
- Bank of India
- Canara Bank
- Citi Bank
- City Union Bank Limited
- DBS Bank
- DCB Bank
- Deutsche Bank
- Federal Bank
- HDFC Bank
- ICICI Bank
- IDBI Bank
- IDFC Bank
- IndusInd Bank
- Kotak Mahindra Bank
- PMC Bank
- Punjab National Bank
- South Indian Bank
- Standard Chartered Bank
- Tamilnad Mercantile Bank Ltd
- Union Bank of India
- United Bank of India
Where to use Visa payWave in India?
You can use visa payWave at following outlets –
- Big Bazaar
- Brand New Central
- Costa Coffee
- Reliance Digital
- Reliance Footprint
- Reliance Fresh
- Pizza Hut
- Reliance Smart
So, it was all about Visa payWave cards, which comes with contactless payments solution. The contactless payment solution by Visa can help in virus stopping mechanism amid COVID-19 crisis. It cut the physical contact with payment terminals because you just need to tap and go without any PIN. Recently, Australia payment network has also increased the threshold limit for contactless payments from A$100 to A$200 to stop the corona spread by payment terminals because it is all contact less. We hope you found this article informative and useful, if still have any query or question, comment below.