tap-to-pay
Wireless card transaction
Tap-to-pay is a contactless payment method where you hold a card or phone near a terminal to complete a transaction.
The technology uses short-range wireless communication, requiring no swiping or insertion: Most stores have tap-to-pay now.
Also called contactless payment.
Close-proximity communication protocol
- contactlessRequiring no physical touch
- RFIDWireless identification via electromagnetic fields
- chipSmall broken-off piece
- terminalAt the endpoint
reader · wireless · smartphone · digital wallet · near-field · antenna · encrypted · tokenization
Payment completion process
- purchaseGoods obtained for payment
- receiptWritten payment acknowledgment
- merchantOne who sells wares
- point-of-saleWhere transactions occur
POS · transaction limit · spending cap · daily limit · authorization · decline · approved · balance
Speedy, or skip eating
- easyRequiring minimal effort
- touchlessRequiring no physical contact
- hands-freeOperable without holding
- hygienicClean and disease-preventing
germ-free · pandemic · COVID · queue · line · speed · efficiency · frictionless
Mobile payment service
- PayPalOnline money transfer platform
- StripeDigital payment infrastructure company
- KlarnaInstallment payment service
- AfterpayInstallment payment platform
Zelle · American Express · JCB
Converting data into code
- tokenizationConverting input into discrete units
- fraud protectionDefenses against deceptive schemes
- two-factorAuthentication using paired credentials
- biometricMeasuring unique physical characteristics
fingerprint · PIN · passcode · theft · skimming · breach · verification · lock
NFC
Close-proximity communication protocol
- contactlessRequiring no physical touch
- RFIDWireless identification via electromagnetic fields
- chipSmall broken-off piece
terminal · reader · wireless · smartphone · digital wallet · near-field · antenna · encrypted · tokenization · proximity
checkout
Payment completion process
point-of-sale · POS · transaction limit · spending cap · daily limit · authorization · decline · approved · balance · account
fast
Speedy, or skip eating
- easyRequiring minimal effort
- touchlessRequiring no physical contact
- hands-freeOperable without holding
hygienic · germ-free · pandemic · COVID · queue · line · speed · efficiency · frictionless · wave
Venmo
Mobile payment service
- PayPalOnline money transfer platform
- StripeDigital payment infrastructure company
- KlarnaInstallment payment service
Afterpay · Zelle · American Express · JCB
encryption
Converting data into code
- tokenizationConverting input into discrete units
- fraud protectionDefenses against deceptive schemes
- two-factorAuthentication using paired credentials
biometric · fingerprint · PIN · passcode · theft · skimming · breach · verification · lock · alert
tap-to-paycash
Ready spending funds
cash payment · paper money · swipe · magnetic stripe · check
tap-to-paycash
Ready spending funds
barter · cash on delivery · money order · IOU · coin-operated
tap-to-paysignature required
Shipment needing recipient's mark
exact change · layaway · payment plan · wire transfer · installment payment
tap, pay, taps, tapped, tapping, pays, paying, payable, payment