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Home > QFINANCE Dictionary > Definition of contactless card

Definition of

contactless card

E-Commerce

card with chip read by radio signals a smart card in which the microprocessor chip is not visible and is accessed by the reading device by radio signals rather than by physical contact. An increasingly common use of this technology is in such applications as toll collection, where the card is accessed as the motorist displays it to the reading device in passing.

Definitions of ’contactless card’ and meaning of ’contactless card’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’contactless card’ and other financial terms with our online QFINANCE Financial Dictionary.

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