The new technology allows customers to make purchases under AUD 100 on their credit card without the need to sign or use their PIN. Customers simply hold their NAB Visa payWave card in front of the contactless EFTPOS reader to complete the transaction.
The new NAB Visa payWave contactless cards follow the installation of up to 2,500 NAB Contactless Readers at merchants across the greater Melbourne and Sydney areas. NAB Visa payWave cards utilise EMV-level encryption technology and are protected by the NAB Defence Promise – providing leading and innovative security measures to fight fraud.
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