Wells Fargo Goes Contactless
Wells
Fargo Goes Contactless
Wells Fargo announced today that it would begin offering Visa
Contactless, a radio frequency credit card processing chip,
in its Platinum and Signature Visa cards starting in the second
half of this year. Visa Contactless allows cardholders to hold
their cards near a secure reader to check out instead of swiping
the cards or handing them to a cashier. In addition, cardholders
will not be required to provide a signature for most purchases
under $25, and contactless merchants will not have to provide
a receipt for purchases under $25 to cardholders (unless requested
by the cardholder).
Cardholders
also still be able to use their cards in the traditional wayas
well.
According
to Brian Triplett, senior vice president of emerging product
development at Visa, “Almost 4.5 million Visa cards are
equipped with the contactless feature and more than 30,000 merchant
locations in the U.S. accept contactless payments.”
MasterCard
has been actively rolling out a competing product to Visa Contactless
with its PayPass card technology.
Disclaimer:The information in this article is believed to be accurate as of the date it was written. Please keep in mind that credit card offers change frequently. Therefore, we cannot guarantee the accuracy of the information in this article. Reasonable efforts are made to maintain accurate information. See the online credit card application for full terms and conditions on offers and rewards. Please verify all terms and conditions of any credit card prior to applying.
This content is not provided by any company mentioned in this article. Any opinions, analyses, reviews or recommendations expressed here are those of the author’s alone, and have not been reviewed, approved or otherwise endorsed by any such company. CardRatings.com does not review every company or every offer available on the market.
Published (Modified )