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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 worldwide.
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 | The Malaysian program
The Visa Contactless program in Malaysia is called Visa Wave. Visa Wave 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.
Since June 2005, Visa Wave 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 Wave in Taiwan
In March 2005, Visa together with Chinatrust Commercial Bank in Taiwan, launched a Visa Wave pilot program, becoming the second market in the world after Malaysia to launch a Visa Wave program.
Chinatrust Visa Wave 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.
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