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 | What is Visa Contactless?
Visa Contactless is a new payment method that removes the need to physically swipe or insert a smart card into a payment reader. By simply holding the Visa Contactless card at a close range of 4cm from a reader, the card will be detected. Your contactless transactions are secure because Visa Contactless requires specific information, including a unique transaction cryptogram featuring a high level of authorized encryption. | | |
 | Visa Contactless is a simple, fast and secure way to make payment. In fact, Visa Contactless transactions are faster than cash transactions. No signature is required and there is no need to hand the card to the cashier – all you need to do is to wave, pay and go.
Your Visa Contactless card also functions as a 3-in-1 card. Visa Contactless can be used not only as a contactless card at places where the Visa Contactless logo is displayed but also as a regular Visa card at more than 24 million acceptance locations including close to one million ATMs worldwide.
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 | The Malaysian program
Visa Contactless was successfully rolled out in Malaysia in February 2005, following a pilot study in 2004. This is the world’s first commercial implementation of a contactless smart card program that builds on the global EMV smart card standard. In the coming months, Visa Contactless will be offered to an estimated 500,000 cardholders in Malaysia.
Since June 2005, Visa Contactless cardholders in Malaysia will be able to make contactless payments at 4,000 merchant locations that will include convenience stores, quick-service restaurants, cinemas, petrol stations, supermarkets among others.
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 | Visa Contactless in Taiwan
In March 2005, Visa together with Chinatrust Commercial Bank in Taiwan, launched a Visa Contactless pilot program, becoming the second market in the world after Malaysia to launch a Visa Contactless program.
Chinatrust Visa Contactless cardholders can wave and pay with their cards at more than 150 merchant locations in Taipei including China Petroleum petrol stations, DVD shops, Taiwan Railways, long-distance bus services, parking lots, laundries, cafés, and restaurants.
Cardholders will be able to use their Visa Contactless cards for payments in a faster, safer and more convenient environment. The pilot program will extend to a base of 25,000 cards.
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