Contactless payment systems are typically smart cards, credit cards, key fobs or other hardware devices that uses RFID technology to securely pay for goods and services. The basis for any RFID technology utilizes a antenna and an embedded chip, found within smart cards or key fobs.

When at the point of sale device, consumers wave their card or key fob over the contactless reader. The data that is collected is sent directly to the host computer for processing or stored in a portable reader that is later uploaded for processing.

Contactless payments provide key benefits to retailers and consumers in high transaction volume environments where speed is of the essence. The processing time for contactless transactions is considerably shorter than for contact card transactions and the added convenience and efficiency this provides benefits both cardholders and merchants. Additionally, the speed provided by contactless technology is projected to help drive the increased use of loyalty and other value added applications.

Hypercom’s solution for contactless is the state-of-the-art R3210 contactless reader. This compact, high performance R3210 features an innovative clip-on, countertop or wall-mount design and easy plug & play set-up. This allows merchants using Hypercom’s Optimum terminals to upgrade their current device to accept mobile payments and other contactless transactions.

Hypercom's R3210 contactless reader offers: