Contactless Credit Cards

As of August 24th all our credit cards were replaced by new contactless credit cards.

Once your credit card has been activated, your Contactless feature will function after you have used your card + PIN for the first time.

Now all you have to do to buy something is wave (or tap) your credit card, phone, or smartwatch (you can connect those devices to a card of your choice) in front of a chip-enabled reader.

Swiping has become something we do only when the payment terminal won't let you dip or tap.

They facilitate a swift transaction that lets you avoid tedious lines and unpleasant waiting time.

But there's more good behind the shift than just reducing the amount of stuff you touch. Chip cards and so-called contactless credit cards have become the norm in many places overseas, as they can make it harder for thieves to steal your information compared with magnetic-stripe cards. For instance, mobile payments and contactless cards don't transmit your name, card number, or three-digit security code.

How Do Contactless Credit Cards Work?
Contactless cards use radio-frequency identification (RFID) technology. This allows the card to communicate with the card reader when it's held near the reader during a transaction.
Contactless cards also come with an EMV chip and the usual credit card number, expiration date, security code and magnetic stripe. This gives cardholders a variety of options at the register.  

So if a store doesn't have contactless readers, you can still swipe your card or use the chip reader.
When you hold your contactless card to the contactless reader, it securely authenticates your card information. Then the merchant's point of sale sends the transaction to the card issuer, like Orco Bank. The issuer then analyzes the transaction before approving it.

That might seem like a lot of steps-but just a second or two will pass between the time you tap the card on the reader and when you receive approval.

How Do I Use a Contactless Credit Card?

  1. Look for the contactless credit card symbol. The four curved  lines should appear on your credit card and the merchant's terminal.
  2. When prompted, hold the card within 1 to 2 inches of the  contactless symbol.
  3. If your purchase is approved, you'll receive  confirmation-typically a beep, green light or checkmark.

Once you know how to use contactless credit cards, it takes just a few  seconds to complete the payment process.