alexa

Search in Indianmoney's WealthPedia

User
How does a contactless credit card work?

By IndianMoney , 4 months ago

It works in the following way: Radio waves are emitted by the chip contained inside these cards. To pay for something with a contactless credit card, the cardholder has to hold the card near a payment terminal (RFID reader) and it picks up the signal, communicates with the card and processes the payment.

What is your Credit Score? Get FREE Credit Score in 1 Minute!

Get Start Now!
CIBIL Meter
Attention!

This is to inform that Suvision Holdings Pvt Ltd ("IndianMoney.com") do not charge any fees/security deposit/advances towards outsourcing any of its activities. All stake holders are cautioned against any such fraud.