Enable contactless payments for any amount: Currently in some markets, contactless payments are restricted by a transaction limit. The use of CDCVM removes this limit.
- Reduce chargeback related costs: Merchants will benefit from the liability shift and won’t carry liability for fraud when CDCVM is obtained from the device for transactions. As a result, a merchant’s bottom line improves through chargeback reduction and reduced back-office handling of signature documents.
- Get faster throughput: CDCVM transactions allow the merchant to gain faster throughput at the register because customers won’t have to insert their cards for transactions above the transaction limit, and they won’t be required to sign or enter a PIN.
- Increase customer satisfaction: Customers will experience a more convenient and seamless transaction.