The Tech Behind Tap-to-Pay

What technology is at the heart of tap-to-pay?

• Infrared

• NFC

• Wi-Fi

• Bluetooth

What does NFC stand for?

• None of the above

• Near Field Communication

• New Frequency Connection

• Network Frequency Control

What shape is the NFC antenna described as?

• Triangle

• Racetrack

• Square

• Circle

What type of data does the chip send during a tap-to-pay transaction?

• None of the above

• Both static data and a cryptogram

• Cryptogram only

• Static data only

How far can NFC devices communicate?

• Up to 10 centimeters

• Up to 15 centimeters

• Up to 1 meter

• Up to 4 centimeters

Why is tap-to-pay considered more secure than swiping?

• Because it is faster

• Because it uses encryption and unique transaction codes

• Because it sends static data only

• Because it uses a physical connection

What was a major reason for the slow adoption of tap-to-pay in the US?

• High cost of changing payment systems

• Lack of interest from consumers

• Technical difficulties

• All of the above

What percentage of merchants accepted tap-to-pay in 2022?

• About 40%

• About 55%

• About 75%

• About 65%

What is a cryptogram?

• A type of encryption

• A puzzle

• A unique string of numbers for verifying a card

• A new technology for NFC

What does the NFC antenna in your phone act as in tap-to-pay transactions?

• A cryptogram generator

• A passive connection

• An active connection

• A static data transmitter