How it works
Visa payWave uses short-range wireless
communication technology.
Based on industry-wide standards and specifications,
payment instructions are securely exchanged between a contactless
Visa chip card and a standard card acceptance terminal equipped
with a contactless reader.
You simply hold your Visa payWave card within five centimetres
of the card reader and the transaction is completed in less than a
second.
For higher-value purchases – for example, over €20 (or domestic
market equivalent, eg £15 in the UK) – or when occasional security
checks are required, a normal chip and PIN transaction is
automatically initiated.