Use MasterCard’s contactless technology to make payments and save time, and don’t worry about your account’s security.
Consider this – you’re in a hurry and have to buy some basic toiletries on your way home. You head into a Coles Supermarket, you pick what you have to, and when it comes time to pay, you simply tap your card and are on your way. This is pretty much what you can expect when using a MasterCard Contactless credit or debit card.
This technology can help you save valuable time, time and time again, given that you can make contactless payments for purchases of less than $100. All you have to do is look for the contactless symbol.
Using MasterCard PayPass
Using your MasterCard PayPass credit or debit card is fairly straightforward, and here’s what you need to know.
How does MasterCard PayPass work?
Your MasterCard PayPass card comes with an embedded microchip along with an antenna, which the card uses to relay transaction details via radio frequency over short distances without the need for physical contact. To complete any such transaction, you have to get your card within 6 mm of a contactless terminal. You then hear a beep and see green lights, which indicate that the transaction is complete. With payment terminals that don’t support contactless payments, you can use these cards like conventional cards.
PayPass gives cardholders the means to save some time when making payments at brick-and-mortar establishments. Owing to this technology, as long as the total amount of your transaction is less than $100, you don’t have to enter your PIN or swipe your card, you simply tap and go.
Which cards come with PayPass?
Most new credit or debit cards distributed by the major providers in Australia offer this technology. Contactless payments are set to become standard with all new cards in the coming future, and these cards come with the distinct contactless logo.
MasterCard PayPass Contactless Credit Cards Comparison
Rates last updated October 1st, 2016.
- ANZ Low Rate
This balance transfer offer has been extended by ANZ for the foreseeable future.
January 13th, 2016
- ANZ Low Rate Platinum Credit Card
Minimum income requirement updated from $50k to $35k
January 13th, 2016
- Emirates Citi World MasterCard
Replace bonus points offer with up to 10% off on Emirates flights until 31 December 2016
April 29th, 2016
Where can I use PayPass?
The use of this technology is spreading globally, and there is already a long list of businesses in Australia that accept contactless payments. Some of the popular names on this list include Coles, Myer, 7-Eleven, Woolworths, Caltex, Bunnings, IGA convenience stores, Dymocks, Subway, Newslink, Terry White Chemists, Chicken Treat Stores, and Foodworks. More and more businesses are turning to this technology on an ongoing basis, and you can only expect the number of contactless terminals in the country to grow.
How are my PayPass purchases secured?
One of the biggest concerns cardholders have revolves around the security of the card, but you should know that this technology aims to offer the highest safety levels possible.
- Control in your hands. You keep your card in your possession at all times, so you don’t have to worry about someone copying or skimming your card.
- No accidental payments. If you’re worried that you’ll make an accident payment by simply walking by a contactless terminal, don’t be. The antenna such a card relies on an extremely short range of 6 mm, so you can be sure that you won’t make payments that you shouldn’t. Given this short range, you don’t have to worry about someone stealing your card’s information either. Besides, each contactless transaction results in the generation of a unique security code, and reusing it is not possible.
- Billed only once. If you end up tapping your card more than once, you don’t have to worry about making multiple payments. You pay only once.
- Purchases of more than $100. If you end up making a purchase of more than $100, you can still tap your card to make a payment, but in such a scenario you will have to enter your PIN, and the merchant might ask you to sign a receipt. This is simply to offer increased protection for large value transactions.
- Regular MasterCard security measures. You can expect round-the-clock monitoring of your Commonwealth Bank card account activity, and as soon as the system detects any unusual or fraudulent transaction, it notifies you of the same immediately. A zero liability policy protects cardholders from any fraudulent transactions made using their cards. MasterCard SecureCode provides added security when your card’s details make it to the online world.
What are the pros and cons of using PayPass?
- Save time. Often times, seconds spent at a payment terminals seem like eternity, especially when you’re in a rush. Not having to swipe your card and enter your PIN can save time just about every time you shop. If most people start using contactless cards, it can also lead to shorter queues.
- Difficult to copy. These cards come with embedded microchips that make copying information from your card rather difficult.
- Information sharing. Contactless cards tend not to share information such as your name, your card number, and the card’s security code. Instead, each transaction comes with a unique security code generated through an encrypted secret key that is part of each microchip.
- Misuse. Since the card does not require a PIN or a signature for payments of up to $100, you cannot rule out its misuse completely. This can happen if you don’t realise you’ve lost your card quickly enough, or even if someone you know wishes to use your card without your knowledge.
The expanding presence of contactless payments shows that this technology is showing no sign of slowing down anytime soon. An increasing number of cardholders are benefitting owing to the speed and convenience these cards offer, and the ensured security is an added bonus. Use cards with payment technology as you would any credit or debit card, responsibly and smartly.
Frequently asked questions
Can I use my contactless Commonwealth Bank card on contactless payment terminals that don't display the contactless logo?
No. You can make contactless payments using your Commonwealth Bank contactless card only where you see the contactless symbol.
Can I use my contactless card through my wallet?
Yes, you can, but if your wallet holds more than one contactless card you should remove and use the card you wish to pay through.
Is there a battery is my contactless card?
No, contactless cards don’t use batteries of any kind.
Is there any way I can order a new card that doesn’t come with PayPass?
This is now a standard feature with most new credit and debit cards, and if you want a card without this technology you’ll have to contact the bank directly.