Discover the Ease and Convenience of Contactless

Contact ICBA Bancard
Tel: 800-242-4770
Email: bancard@icba.org

Contactless Payments for ICBA Bancard Clients

Contactless acceptance has passed a tipping point in the U.S. as more than half of all card-present transactions now take place at contactless-enabled locations, with the majority occurring in everyday spend categories.

ICBA Bancard has compiled the below resources to educate your bank and market this product to your cardholders.



Contactless is Fast, Easy, and Secure

Now is the time to contact your processor about contactless payment and learn how to get started and plan ahead.

For additional turnkey resources, visit Visa and MasterCard
Visa Resources
MasterCard Resources

The speed and convenience of contactless — contactless purchases are nearly 10 times faster than dipping most contact transactions — can help issuers convert $2 trillion in annual cash payments to card.”

Chris Reid
Executive Vice President
Services North America

Contactless FAQ

For community banks who are considering offering a dual-interface card (contactless) in the near future, we answer some general questions. Visit the US Payments Forum at www.uspaymentsforum.org for more information.

  • Q. What is a contactless card?

    A. A contactless payment card has an NFC antenna embedded in the plastic which securely enables close-range payments. Customers need only tap their contactless card at a checkout terminal near the Contactless Symbol and the payment is sent for authorization.
  • Q. How close does the card need to be when conducting the contactless transaction?

    A. The card need be no more than 1-2 inches (about 4 cm) from the Contactless Symbol on the checkout terminal.
  • Q. Are contactless cards safe?

    A. Yes. Each transaction is accompanied by a one-time code securely protecting a cardholder’s payment information just like with a chip card. Customers also can’t pay accidentally. Their card must be within1-2 inches of the contact-less enabled terminal for the transaction to occur (Cardholders will not be billed twice even if they accidentally tap twice). Additionally, while skimming is possible a fraudster must be less than 4 cm away from a contactless card to skim.
  • Q. If I want to make the switch to contactless plastics, what should my reissue strategy look like?

    A. Issuers should first determine when their existing EMV stock is set to expire (all your cards issued on the current chip will continue to function until the expiration date on the plastic).

    You should next work with your processor to find a solution and identify any best practices that will minimize time, cost, and complexity to ensure a smooth process and minimize any inventory management challenges during the transition.

    And, although the cost of contactless cards is dropping, realistic spend lift is required to offset investment so issuers may consider creating a reissue strategy that factors in cardholder spend.

The Contactless Indicator mark, consisting of four graduating arcs, is a trademark owned by and used with permission of EMVCo, LLC.