Contactless Payments definition

Contactless Payments means Transactions provided by the service which is explained in detail in paragraph 2(e).

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Contactless Payments refers to transactions for the purchase of goods and/or services that are successfully carried out and charged by the Cardholder to the Cardholder’s Card Account and which are executed by tapping or waving the Boost Beyond Card on the applicable Contactless Reader and where the said transactions have been successfully captured or posted on Boost’s systems;

Contactless Payments means Transactions provided by the service which is explained in detail in paragraph 2(e). "Cut-off Time" means the point in time during any Business Day after which, any Transaction and/or order received in relation to a Card Account, shall be deemed to have been received the next Business Day. This cut-off time regarding each Transaction can be found in the Supplementary Agreement that Governs the Relationship Between the Bank of Cyprus Public Company Ltd and the Customers, as amended from time to time, and is available at the Bank’s branches and the Bank’s website, ▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇.

Examples of Contactless Payments in a sentence

• Contactless Payments – Payments made using cards or other objects containing chips that can be read by Point of Sale (POS) Terminals by proximity of the card/object to the POS Terminals without actual physical contact.

• If Contactless Payments are made after your Card has been lost or stolen, it will be treated in the same manner as stated in the ‘Disclosure of loss of PIN, or Loss, Stolen, or Unauthorized Use of Card’ section below.

• The Merchant is responsible for ensuring that the technical configuration of the payment terminals/contactless card read- ers used for Contactless Payments at all times comply with the Agreement and possess technical characteristics that comply with EMV Contactless Specifications, which are available at www.

• Nets undertakes to settle all Contactless Payments provided that the provisions of the Agreement are complied with and that the maximum transaction limits for Contactless Payments prevailing at any given time are not exceeded.

• The Card also cannot be tokenized on mobile devices for any forms of Contactless Payments, unless agreed and facilitated by us under any new or concurrent service to be implemented in relation to the use of the Card.

• Cardholders may use the Card to effect any number of Contactless Payments on Contactless Readers provided that the value of such Contactless Payment(s) does not exceed the daily limit of RM250.

• You cannot use the contactless function of the Card or make Contactless Payments for card-not-present transactions, online transactions, e-commerce transactions, recurring bill payments, cash advance transactions, funds transfer transactions, transactions performed or to be performed at any ATM.

• S-Business can also set limits for Contactless Payments as well as bar this feature at any stage.

• Boost Beyond Cardholders may use the Boost Beyond Card to effect any number of Contactless Payments on Contactless Readers provided that the value of such Contactless Payment(s) does not exceed the daily limit of RM250.

• Currently prevailing transaction limits can be found in the Merchant Instructions at ▇▇▇.▇▇▇▇▇▇.▇▇▇ Cardholder Authentications are not required on completion of Contactless Payments, unless the transaction amount exceeds the applicable transaction limit, or if the payment terminal prompts Cardholder Authentication.

More Definitions of Contactless Payments

Contactless Payments means payments provided by the new service which has been introduced for all payments and which is explained in detail in term 3(i).

Contactless Payments means payments made for the purchase of goods or services with the use of the Card at the point of sale / purchase, without the Card coming into contact with the electronic payment system at the point of sale.

Contactless Payments means payments made for the purchase of goods or services with the use of the Card at the point of sale / purchase, without the Card coming into contact with the electronic payment system at the point of sale.Contactless Payments without the need for the User to enter a PIN or sign may be made only up to the Contactless Payment Limit that is applied by each country in which Contactless Payments are made. Beyond the specific limit the User is obliged to enter his PIN to carry out the transaction.

Contactless Payments means payments made for the purchase of goods or services without requiring the Card to come into contact and/or to be swiped and/or inserted at a reader/ terminal and/or point of sale (POS) and/or requiring the Cardholder’s PIN to authorize a transaction, subject to the transaction threshold set by the Bank or the transaction acquirer in each country, which may be amended from time to time and/or the contactless payment limit each time.

Contactless Payments the payments carried out with the use of the Card at a physical point of sale (POS) and without the Card having direct contact with the electronic system of payments/terminal at the point of sale.