Contactless / RFID Loyalty & Gift Card Processing
Catching the new wave

RFID (Radio Frequency Identification) is an automatic identification method, relying on storing and remotely retrieving data using devices called RFID tags or transponders. Using Radio Frequency Technology, IDL provides the facility of using Contactless Cards to its clients. With the use of Contactless Cards consumers can make a payment by simply waving or tapping their cards on or near the card reader. Within half a second, the payment is verified and the transaction is completed.

Contactless Technology appears to present an attractive proposition for both merchants and consumers, particularly to those in sectors where speed is important, such as fast food restaurants, pubs and bars, convenience stores and petrol stations.

Unsurprisingly, however, the biggest beneficiaries of a shift away from cash towards contactless payments are arguably the card issuers themselves. Contactless payments are an ideal opportunity to add value to customers and segue into the lucrative low-value payments sector.