Visa’s new Visa Wave contactless payments make their worldwide debut in Malaysia
At more than 150 merchant locations in Malaysia’s capital of Kuala Lumpur, consumers are testing a new contactless payment card from Visa. Called Visa Wave, the trial is Visa’s first foray into contactless consumer payments. It is significant because it is brings the world’s largest card association into the contactless payments landscape and it marks a significant security increase from previous contactless offerings. Namely Visa Wave conducts its transaction using a cardholder authentication component found in the EMV specification for secure card payments.
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