The Tech Behind Tap-to-Pay

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

• Bluetooth

• Wi-Fi

• NFC

• Infrared

What does NFC stand for?

• New Frequency Communication

• Network Frequency Control

• Near Field Communication

• None of the above

What shape is the NFC antenna described as?

• Rectangular

• Circular

• Triangular

• Racetrack

What is the maximum range NFC devices can communicate?

• About 4 centimeters

• About 20 centimeters

• About 10 centimeters

• About 1 meter

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

• A static number

• A cryptogram

• A magnetic code

• A password

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

• Because it sends encrypted data

• Because it is faster

• Because it uses a password

• Because it doesn't have contact with the reader

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

• About 60%

• About 40%

• About 75%

• About 55%

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

• Security concerns

• Technical difficulties

• Lack of interest from consumers

• High cost of changing payment systems

What does the card's chip use to create a unique number for transactions?

• A cryptographic key

• A random number generator

• A static data set

• A magnetic stripe

How did the pandemic affect tap-to-pay transactions according to Square?

• They remained the same

• They doubled

• They tripled

• They decreased