A few things to know about using contactless technology with your card
Visa payWave contactless payment technology is an innovative payment method that all Macquarie credit cardholders can enjoy.
What is contactless payment technology?
Contactless payment technology removes the need for a signature, PIN or loose change, providing you with greater speed and minimum hassle when making payments.
Just hold your Macquarie credit card in front of a Visa payWave or other contactless card reader to pay for your purchases.
Are there limits as to the size and number of transactions that can be conducted using this contactless technology?
The maximum limit may differ at different merchants, but usually, in Australia, you can make contactless purchases when you spend under $100 in a single transaction. For purchases over $100, you can still use the contactless feature on your card, however you will also need to enter you card PIN in order to complete the transaction.
Is there an increased risk of fraud as no signature or PIN is required?
The technology offers you greater security as the card never leaves your hands when making a transaction, thereby reducing the opportunity for your card details to be copied or compromised.