Contactless chip transaction from a cardholder point of view

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Reference no: EM131564828

1. Explain the differences between contact chip and contactless chip transaction from a cardholder point of view.

2. Explain how a contact chip transaction takes place from a technical point of view.

3. Explain how a contactless chip transaction takes place from a technical point of view.

4. Explain the difference between a contact chip and contactless chip transaction from a technical point of view.

5. Explain from a business perspective the reasons for an Issuer to move to a contactless chip

6. Explain the impact (on high level) when migrating from contact chip cards to contactless chip cards for (1) POS terminal manufacturers and (2) Issuers.

Reference no: EM131564828

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