How Does Contactless Payment Work?

Short, educational video explaining the mechanisms of contactless payment. In summary, we learn: • What Contactless Payment is • How devices communicate wirelessly • How the transaction is performed • Which technologies are used and how 00:00 - Fundamentals of Secure Contactless Payments 00:13 - POS Terminals and Active Electromagnetic Field Generation 00:23 - Proximity Induction and Passive NFC Chip Activation 00:34 - 13.56 MHz Frequency and Encrypted Signal Exchange 00:59 - Everyday Tap-to-Pay: Contactless Credit and Debit Cards 01:09 - Mobile Wallets: Active NFC Payments via Smart Devices 01:22 - High-Volume Tap-to-Pay Transit Gates and NFC Readers 01:34 - The Mechanics of Fast, Encrypted Wireless Transactions #ContactlessPayment #ContactlessPayments #Contactless #Wireless #Technology