CGD promotes payments without PIN or through ... - TeK.sapo

The CGD is promoting the card payments that do not require contact to perform the operation, known as contactless . By the end of the year the entity expects to have to move 1.5 million cards already support the technology, having started to introduce the cards between late 2012 and early this year.

Reduce waiting time at the time of payment and streamline the buying / selling low value are some of the advantages identified by the State Bank in the adoption of new cards. The contactless cards CGD is based on technology of radio frequency identification (RFID).

The contactless card payments does not require the introduction of PIN code, except in certain cases. The card comes with technology disabled by default and is only triggered after the completion of the first purchase that needs to be validated with the PIN.

In a statement the bank said that all purchases above 20 euros will need Always validation with th e secret code card. “From 4 4 transactions in value to 20 euros, or when you reach an amount of 60 euros in payments without using code, is prompted to enter the PIN on the next transaction,” said the bank.

This on the user side. Side vendors CGD is also promoting an evolution in the form of payments. The exchange of the other terminals supporting contactless technology as well as Near Field Communication (NFC) help merchants and retailers to prepare for the future of electronic payments.

Up March 2014 CGD will have a promotional action with vendors in an attempt to exchange the terminal equipment they currently have a more technologically capable.

In the view of CGD such technologies will also help reduce the amount of physical money that is in circulation.

Note writing : the first paragraph has been corrected to clarify the idea that CGD is already implementing contactless cards since the beginning of the year

Written under the new Orthographic Agreement

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