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  2. How to make payments with your phone - AOL

    www.aol.com/finance/payments-phone-164336000.html

    Then, hold your phone over the credit card reader to make the payment. ... Simply unlock your phone, hold it above the Tap to Pay card reader, and let your mobile wallet do the rest.

  3. Contactless payment - Wikipedia

    en.wikipedia.org/wiki/Contactless_payment

    Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card ...

  4. Payment terminal - Wikipedia

    en.wikipedia.org/wiki/Payment_terminal

    A payment terminal, also known as a point of sale (POS) terminal, credit card machine, card reader, PIN pad, EFTPOS terminal (or by the older term as PDQ terminal which stands for "Process Data Quickly" [1] ), is a device which interfaces with payment cards to make electronic funds transfers. The terminal typically consists of a secure keypad ...

  5. Square (financial services) - Wikipedia

    en.wikipedia.org/wiki/Square_(financial_services)

    Square is a financial services platform by Block, Inc. for small and medium-sized businesses. [1] [2] It enables accepting credit card payments using smartphones as POS registers, and facilitates various business operations. As of 2023, Square reports 4 million merchant clients and an annual payment value of US$ 210 billion.

  6. Mobile payment - Wikipedia

    en.wikipedia.org/wiki/Mobile_payment

    Mobile payment, also referred to as mobile money, mobile money transfer and mobile wallet, is any of various payment processing services operated under financial regulations and performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment app on a mobile device to pay for a wide range ...

  7. EMV - Wikipedia

    en.wikipedia.org/wiki/EMV

    In October 2008, it was reported that hundreds of EMV card readers intended for use in Britain, Ireland, the Netherlands, Denmark, and Belgium had been tampered with in China during or shortly after manufacture. For nine months, details and PINs of credit and debit cards were sent over mobile phone networks to criminals in Lahore, Pakistan ...

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