Businesses looking to reduce the amount of time customers wait in line may want to consider accepting contactless payments. These payments require no PIN and no signature to complete a transaction. Instead, a customer waves or taps their credit card, mobile phone, or other contactless payment device to a card reader and the transaction is complete. This works via radio frequencies that travel between the card reader and the device with contactless payment informationstored on it.
Similar to regular credit cards, contactless payments must go through a multi-step authentication and verification process. However, this process happens quickly between the devices and, in most situations, does not require additional verification from the merchant or customer. This convenient form of pay helps businesses to process a greater number of transactions quickly while ensuring the customer is able to make their purchase and leave happily.

Small Business Growth Alliance