Visa PayWave is a form of Near Field Communication (NFC), provided by Visa. The technology provides cardholders with the ability to transmit smart card payments without contact simply by being within close range of a store’s checkout terminal. PayWave uses an embedded computer chip to send payment information to a secure reader at the point of sale. Users may wave their card or device within 2.5-5 cm (1-2 in) of the reader to make payments.
PSIA introduces Secure Credential Interoperability initiative
(SANTA CLARA, Calif.—April 20, 2021) The Physical Security Interoperability Alliance (PSIA) today announced its Secure Credential Interoperability (SCI) initiative and