Contact-Free Payment

Contact-free payments are transactions processed in a manner that removes the physical interaction between the purchaser and the merchant.  A contract-free payment can be accomplished through a payment gateway without the payor being present. An example of contact-free payments is a bill paid using a mobile device, such as a cellphone. Contract-Free Payments help reduce the risk of spreading germs during a payment interaction.

Related Terms

  • Payment Gateway

    A payment gateway is an application service provider that authorizes credit card, debit card and electronic check payments for businesses. A payment gateway facilitates the transfer of...

    Learn More