The future of the banking world has always been shifting. Just twenty years ago, people were still adamant about using cheques over credit and debit cards. But as you can now see, this has changed drastically. In fact 78% of all transactions done by merchants in 2011 were done on credit or debit cards (source=international service of revenue census of credit processing).

Much like the cheque, the credit and debit card might be the next thing to become just a thing of the past. For over five years now, Contactless smart cards have been used over in Europe, and Asia. Analysts predict the trend will move into the united states and Canada in early 2013.

What is a contactless smart card? Well, a contactless smart card is pretty much the 75% the size f your average credit/debit card. Now instead of having to slide it, you simply put it against a contacless smartcard compatible card processing terminal (which we can hook you up with if you are interested) , and thats it. In less than 3 seconds, the card is read, and you can type in your pin , or sign. You can even keep the card on your keychain with your carkeys, it's that easy!

The advantages of this method are numerous. For one, you no longer have to carry a wallet with you, unless you're using it to horde receipts. Cash is already quite obsolete on large purchases, so why not just bring your car keys with you when you go shopping? You also don't have to worry about RFID scanners, or fractured magnetic strips on your card. Card numbers have the option of being visibly printed like on most cards, or hidden altogether. Every microchip has it's own 356 bit encryption key, and therefore is VERY safe compared to most credit/debit cards.

You can have the option of either using just a pin, or a combination of a pin and a fingerprint when making purchases. On credit cards, you can either choose to sign, or simply use your fingerprint to gain access to the card's capabilities. At the moment, most people would prefer the latter options, which have been used with traditional cards since 2001.

Contactless card universal symbol


Remember, you are welcome to "Contact Us" if you are interested in starting to accept these types f cards in your small or medium sized business. Currently, we only operate in Massachusetts, but if you are genuinely interested, we can hook you up internationally!