Contact or Dual-Interface
To date, most EMV chip cards issued in the U.S. have been contact EMV cards. Globally, dual-interface EMV cards, contact cards which also enable contactless payment, are gaining popularity thanks to their speed and convenience particularly for small dollar, quick turn transactions such as transit fare payments or payments at quick serve restaurants. As the U.S. market migrates to the EMV standard, dual-interface EMV cards will also increase in popularity relative to contact EMV cards.
Benefits of Dual-interface
Dual-interface EMV chip cards are available for both credit and debit products and can be an integral part of your business strategy, providing you the ability to issue dual-interface cards based on geographic opportunities such as providing dual-interface cards in area’s where there are contactless card transit systems.
Furthermore, contactless transactions are proving to be faster than cash. Speed of transaction is highly beneficial to merchants during peak periods and can increase transaction volume for merchants and issuers. Customers who typically would sort through their wallet for exact change can wave their dual-interface payment card or mobile device over a reader, pay and go.
Your programme with dual-interface cards can offer customers:
- Increased speed of transaction at point of sale
- Convenience of payment in transit and quick serve restaurants
- Contact, contactless, and mobile payment transaction capability
|Start a programme
with contact EMV.
|Offer value-added solutions
with contact and contactless capability.
CPI offers a choice of contact and dual-interface chip cards with variable memory sizes, multi-application capabilities, and EMV chip options including six and eight contact, in gold or silver. An account manager can work with you to develop a programme and set a timeline to accommodate your current and future needs.
Issuance of dual-interface cards inspires global acceptance of contactless payment.
Countries who are leading in the contactless movement are gaining quick acceptance with the activation of payment terminals and mass-issuance of cards to customers. With an expanded network of payment terminals equipped to tap or wave, customers are becoming more comfortable making contactless payments.
Some countries are now raising the floor limit, as in the UK and Canada, and are making it easier for customers to make more significant purchases. Canada, one of the earliest countries to adopt EMV and raise the floor limit for card programmes, is seeing a significant boost after a major roll-out of dual-interface cards to customers.
Australia and the UK are two of the most advanced contactless markets in the world, featuring some of the highest penetrations of terminals and cards issued relative to population. In Europe and the Asia-Pacific regions, they see a high number of tourists and exchange students, who are tech-savvy and prefer alternative payment methods. As an alternate payment option for transit riders, the UK, has seen accelerated growth since the introduction of contactless payment acceptance in their transportation market.
Singapore has doubled the amount of monthly contactless payment transactions with the issuance of cards and activated terminals. Swiftly gaining ground are Japan, Taiwan and South Korea, which have integrated options for contactless and NFC payment at merchant locations.