WHY USE CONTACTLESS PAYMENT? (ROOM 3) Flashcards
Why do many claims that using contactless payment is more convenient and faster?
This is because the entire payment transaction may be finished in 10 to 15 seconds.
“If my card is stolen or misplaced, scammers may make numerous purchases and steal my money.”
Is this a true statement?
Nope! If a person’s card was lost or stolen, the total amount of likely fraud would be tiny. This is because contactless payments are modest and the number of contactless transactions that may be done in a row with a contactless card is limited.
How does contactless payment help the elderly who are farsighted?
Contactless payments assist the elderly who are farsighted by eliminating the need to calculate their cash or input their card PIN for transactions. They can just “tap and go” instead.
What should you do if your Maybank payWave card is stolen or lost?
There are three choices for reporting and canceling the card right away.
- Log in to your user account via the Maybank2u Online Banking website and deactivate the card.
- Contact Maybank customer support to cancel the card.
- Report the lost/stolen card to a nearby Maybank branch.
What are the advantages of adopting contactless payment during the pandemic of Covid-19?
Contactless payments are significantly safer since they do not require you to contact any surface or another person’s hand when making a payment.