Visa PayWave Card Questions
Feb 20th, 2014, 12:49 PM
#1
Original Poster
Join Date: Jul 2007
Posts: 1,990
Likes: 0
Received 0 Likes
on
0 Posts
Visa PayWave Card Questions
Bear with me, I know little about chip card technology and usage as I am in the US.
1. I am very confused as to the relationship to a smartphone. Must you also have a smartphone with the app turned on to be able to use it, or is the card alone sufficient? Or is the smart phone/app available in order to make purchases on-line using your paywave card?
I do not have a smartphone, If the card alone is sufficient ..........
2. Will this US bank issued Visa PayWave card work in Europe in situations where chip/pin is required and strip card is not accepted (since it is not a true chip/pin European bank issued card) I would likely use it for museum tickets, purchases, dining, train ticket vending etc. (typical tourist stuff)
2. Will it work in ATMs in Europe? It seems to still have a strip also (This one doubles as ATM card and has the PLUS symbol)
3 What are the security risks with this technology. Is the data readable by a thief just by being near the card with some sort of scanning device. Do these cards require special covering/case to keep it from being read by such?
Here is some information I have found about it. but it does not exactly answer my questions.
Visa payWave is a convenient feature that lets you pay with your card or mobile device by simply waving it over a secure reader instead of inserting or swiping your card. The purchase will then be authorized, processed and billed in the same secure way it is today. All you have to do is check for this symbol Visa payWave on your card or check that your bank is participating in Visa payWave for mobile, and that you have downloaded the mobile app to your phone, wave it and go.
How Visa payWave transactions work
Visa payWave cards have an embedded antenna and microchip, enabling "contactless" communication with a reader at the checkout. No swiping, inserting, signing or PIN is required for purchases under the merchant's set limit. If your purchase is over the merchant's set limit, you may be asked to sign, swipe or insert your card instead.
Similarly, Visa payWave-enabled mobile devices with built-in near field communications (NFC) technology combined with an application, facilitates the same kind of instant communication with the reader. When you wave your phone in front of the contactless reader, the Visa payWave application safely transmits encrypted payment information to the reader. If your purchase is over the limit, you may be asked to insert your card or enter a PIN and tap a second time
1. I am very confused as to the relationship to a smartphone. Must you also have a smartphone with the app turned on to be able to use it, or is the card alone sufficient? Or is the smart phone/app available in order to make purchases on-line using your paywave card?
I do not have a smartphone, If the card alone is sufficient ..........
2. Will this US bank issued Visa PayWave card work in Europe in situations where chip/pin is required and strip card is not accepted (since it is not a true chip/pin European bank issued card) I would likely use it for museum tickets, purchases, dining, train ticket vending etc. (typical tourist stuff)
2. Will it work in ATMs in Europe? It seems to still have a strip also (This one doubles as ATM card and has the PLUS symbol)
3 What are the security risks with this technology. Is the data readable by a thief just by being near the card with some sort of scanning device. Do these cards require special covering/case to keep it from being read by such?
Here is some information I have found about it. but it does not exactly answer my questions.
Visa payWave is a convenient feature that lets you pay with your card or mobile device by simply waving it over a secure reader instead of inserting or swiping your card. The purchase will then be authorized, processed and billed in the same secure way it is today. All you have to do is check for this symbol Visa payWave on your card or check that your bank is participating in Visa payWave for mobile, and that you have downloaded the mobile app to your phone, wave it and go.
How Visa payWave transactions work
Visa payWave cards have an embedded antenna and microchip, enabling "contactless" communication with a reader at the checkout. No swiping, inserting, signing or PIN is required for purchases under the merchant's set limit. If your purchase is over the merchant's set limit, you may be asked to sign, swipe or insert your card instead.
Similarly, Visa payWave-enabled mobile devices with built-in near field communications (NFC) technology combined with an application, facilitates the same kind of instant communication with the reader. When you wave your phone in front of the contactless reader, the Visa payWave application safely transmits encrypted payment information to the reader. If your purchase is over the limit, you may be asked to insert your card or enter a PIN and tap a second time
Feb 20th, 2014, 01:39 PM
#2
Join Date: Aug 2012
Posts: 1,418
Likes: 0
Received 0 Likes
on
0 Posts
It's a normal chip and pin debit card with an additional contactless payment feature,
You don't need a smartphone.
Yes it works in ATMs just like a regular card
You place it on a contactless payment merchant's terminal and hey presto payment made
Its only for small amounts maximum £20
My regular debit card was upgraded to a contactless card just a couple of weeks ago - no problems yet!
You don't need a smartphone.
Yes it works in ATMs just like a regular card
You place it on a contactless payment merchant's terminal and hey presto payment made
Its only for small amounts maximum £20
My regular debit card was upgraded to a contactless card just a couple of weeks ago - no problems yet!
Feb 20th, 2014, 02:26 PM
#3
Join Date: Aug 2006
Posts: 2,254
Likes: 0
Received 0 Likes
on
0 Posts
One of my UK-issued visa cards is equipped for wave and pay, so I have used it a few times. The terminals are most common in coffee and sandwich shops, where most transactions are under the limit of £20 or so.
It's fine if you are a regular customer at those particular premises, when it can save the prepared customer a few seconds. If you don't know if the merchant has a wave and pay terminal, or don't know what it looks like or where it is on the counter, then it has no advantage over a regular chip & pin card. You usually need to ask if you want a printed receipt.
The technology is the same as that on the Oyster cards used for travel in London, and there is a risk of being double charged if you keep your Oyster card with your wave and pay card and hold both cards near the Oyster card reader. Wave and pay cards can already be used to pay for travel on London buses, and will be operative on tube trains, etc some time during 2014.
It's fine if you are a regular customer at those particular premises, when it can save the prepared customer a few seconds. If you don't know if the merchant has a wave and pay terminal, or don't know what it looks like or where it is on the counter, then it has no advantage over a regular chip & pin card. You usually need to ask if you want a printed receipt.
The technology is the same as that on the Oyster cards used for travel in London, and there is a risk of being double charged if you keep your Oyster card with your wave and pay card and hold both cards near the Oyster card reader. Wave and pay cards can already be used to pay for travel on London buses, and will be operative on tube trains, etc some time during 2014.
Feb 20th, 2014, 03:26 PM
#4
Original Poster
Join Date: Jul 2007
Posts: 1,990
Likes: 0
Received 0 Likes
on
0 Posts
Thanks for the responses so far.
Sofarsogood, I was just informed by my bank that this PayWave card will not work as a chip/pin card in Europe. It is not exactly the same as EMV. It should be fine for ATM in most cases if it has the PLUS symbol. Another bank rep, a credit card specialist found a new card a new venture with American Express) that is being rolled out in March with an EMV chip. No foreign transaction fees, Yay! I was able to get an application in for it.
Chartley, Oyster Card ... I can relate to, I did that last September when I was in London and thought it worked great. I can understand the comparison to PayWave
Sofarsogood, I was just informed by my bank that this PayWave card will not work as a chip/pin card in Europe. It is not exactly the same as EMV. It should be fine for ATM in most cases if it has the PLUS symbol. Another bank rep, a credit card specialist found a new card a new venture with American Express) that is being rolled out in March with an EMV chip. No foreign transaction fees, Yay! I was able to get an application in for it.
Chartley, Oyster Card ... I can relate to, I did that last September when I was in London and thought it worked great. I can understand the comparison to PayWave
Feb 20th, 2014, 06:14 PM
#5
Join Date: Aug 2008
Posts: 2,784
Likes: 0
Received 0 Likes
on
0 Posts
My chip-and-pin cards in Canada work with a wave of the wrist for purchases up to $100 Cdn -- in Canada. I haven't tried them abroad because I avoid foreign-exchange fees on small purchases. The plastic only comes out for very large transactions in Europe. Pay cash, save the fee and stop worrying about the latest technical gizmo on your credit card.
