Contactless Payments are the newest form of cashless payment transactions. These are already in vogue in many retail outlets in the world. These cards , key fobs or mobile phones allow consumers to pay for a transaction by the tapor wave in front of a Reader. The RF based contactless card is read by the Reader device. The consumers account information is passed on to the Terminal by the Reader. The Terminal connects to the appropriate Financial Institution and authorizes the transaction. Once the transaction is authorized the consumer completes the transaction in a fraction of the time that a traditional card takes!
Tarang has the expertise in the following areas in Contactless Terminals: