Contactless cards are secure
Here’s why contactless transactions are increasingly preferred by customers and merchants across India. Contactless payments are fast, secure, and convenient to use. They simply need a tap over the payment terminal (POS machine on which cards are swiped at a store). This ensures that the payment process is much faster, and you also don’t need to touch the card machine with your fingers to key in the PIN.
There are also other security features built in. The card must be held very close to the terminal (within 4 centimetres) or else the transaction will not be processed. And each transaction is encrypted to keep your card information secure. You can tap the card yourself over the card terminal. If the card is tapped twice, there is no danger of two transactions occurring accidentally – as the card terminals are designed to allow only one transaction per card at a time. You also do not have to worry about money getting accidentally deducted when you are near a contactless terminal, as the cashier has to key in the amount in the terminal to activate the reader before the card can be tapped.
In fact, contactless transactions are just as secure as chip based transactions, as they are processed through the same reliable payment network. And, because you remain in control of your card during contactless transactions, the risk of fraud is reduced.
If you are not a SBI Card Customer yet, you can apply now and gain from the Contactless Visa SBI Credit Card cashback offer—there are a wide variety of cards for needs of every customer.