date:Nov 13, 2013
It means that customers will no longer have to type in a pin code while making any small transaction.
With an NCF (non contact function) chip equipped, all that customers have to do is hold their credit card close to the payment terminals for the system to work.
The maximum limit of 40 CHF has been chosen for security reasons, say Migros. If the purchase amount is more than 40 CHF, the payment terminal will prompt the customer to enter a pin code. As an added security feature, no more than 120