All new Bank of us Visa Credit & Debit Cards will offer you the convenience of VISA payWave - a fast and secure way to pay for purchases using contactless technology.
It's simple, just hold your card against a contactless terminal and go!
Visa payWave is a new contactless payment method that offers a fast, safe and secure way to make purchases less than $100, without having to insert or swipe your card or enter a PIN.
Here a just a few reasons why we love it:
To start using VISA payWave, the first step is to ensure that your Bank of us VISA Credit or Debit Card has the VISA payWave logo. Once confirmed, simply follow these steps:
The first time you use your new payWave card you may need to dock your card in the machine and select CREDIT. This is the final step in the activation process, after which your card will work with any contactless terminal.
With contactless payments you don't need to press any buttons. The transaction is automatically processed to your credit account or transaction account linked to the CREDIT button.
Any retailer displaying your card's logo and the contactless symbol
No. However, you can still get cash out by swiping or inserting your card, selecting the CHQ or SAV option and then entering your PIN.
No. Your card has to be held within 1cm of the terminal for more than 2 seconds for the transaction to process.
No. There is no limit, but for purchases more than $100 you will need to enter your PIN.
Yes. Please note that some merchants may not automatically provide a receipt under a certain amount, so make sure you ask for one before you finalise the transaction.
If you'd like further information about VISA PayWave, please contact us.