payWave has quickly become Australia’s leading, contactless transfer technology.
Whether buying a loaf of bread at your local supermarket, a coffee from a cafe or something for the home at the local hardware store, Visa payWave offers an easy and convenient method of payment at a variety of locations. For purchases under $100 simply wave and go – no signature, no PINs… and you’re past the register in no time#.
For purchases over $100, just enter your PIN to authorise the transaction.
You’ll also have the multi-layered security of Visa’s ‘Zero Liability’ Policy behind you and transactions are covered by our Guardian Fraud Protection Service, protecting you from fraudulent or unauthorised transactions.
The key features of Visa payWave:
- Fast and convenient
- No need for PIN
- No fumbling for change
- Available for purchases under $100 for up to four transactions per day
- Maximum Visa payWave spend of $400 per day
- Option to “Opt out” of Visa payWave functionality
To help make your decision, here are the payWave facts:
payWave is convenient – complete routine transactions quickly, with no need for a PIN
payWave is safe – transaction controls limit the number and amount of PayWave transactions that can be completed each day. Transactions cannot be accidentally duplicated
payWave is secure – most data on the NFC chip is encrypted. It is technically possible for someone to read some information from a payWave card, but the information available is not enough for them to complete fraudulent transactions. In addition, payWave offers no opportunity for the magnetic strip on your card to be copied – or your PIN to be captured
payWave is as secure as the current EMV/EPAL chips – criminals have not been able to duplicate these chips, even after thirty years in circulation
payWave is based on NFC (near-field communication) not RFID (radio frequency identification) – the chip is a computer involved in the transaction, not just a memory that can be copied