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New Credit Card Technology – Contactless Payments

It can sometimes be hard to know where to look with so many different credit card offers and developments currently on the market. However, one new piece of credit card technology that is definitely worth looking at is the new trend for making contactless payments.

This is an interesting credit card development that has the potential to revolutionise how we pay for goods just as much as Chip and PIN did when it first came into the mainstream. The idea behind contactless payments is exactly as its name suggests – paying for goods using your credit card, without the card ever needing to leave your hand.

Essentially, all you need to do is hold the special chip in your contactless payment card over the card reader. This should register and the payment should then go through. T Read more…

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Thursday, January 26th, 2012 Financial Consultant No Comments