Look, Tap and Go: Commerce Introduces Contactless Visa Debit Card
Business Wire 28-Jan-2019 12:45 PM
Early adopter, Commerce stands as one of the first regional banks to
offer this technology
Commerce Bank's Visa debit and reloadable prepaid cards now feature
contactless payment capability. Contactless payments use short-range
wireless technology to quickly complete payments between a
contactless-enabled card or payment-enabled device and a
contactless-enabled checkout terminal. It takes as little as 1/2 a
second to make a payment and a quicker checkout experience that's as
easy as looking for the contactless symbol on the terminal, waiting for
the prompt and then placing the card on the terminal near the symbol.
The benefits of contactless technology include ease of use, speed
through the checkout process and security. By simply tapping the
contactless card on the contactless-enabled checkout terminal, payments
are fast and convenient to use in places where you need to pay on the
go. And, just like transactions made with a chip card, each contactless
card transaction is accompanied by a one-time security code that
protects the payment information. Additionally, unlike cash, contactless
payments help provide better records of purchases while still allowing
cardholders to do everything they would do with a non-contactless card,
including adding a tip, getting cash back (if available) and more.
Consistently ranked among the top issuers of credit, debit and
commercial cards, Commerce continues to invest considerably in the
payments space to keep pace with evolving customer needs and
expectations and to ensure long-term growth. Since 2012, the bank has
introduced six new consumer card products and services, eight new ways
to pay, and five new digital apps or services.
Speaking to the bank's commitment to payment innovation, Carl Bradbury,
Director of Consumer Card Products for Commerce Bank said, "As an early
adopter of this technology and one of the first banks our size to offer
it to cardholders, Commerce is very excited to provide another
convenient payment solution. Commerce continues to compete above our
weight class in the payment card market as we seek to deliver offerings,
like the contactless technology, that will solve customer challenges,
provide security and ensure long-term convenience for our customers."
Cardholders can learn more about contactless payment including FAQs
around how to use your card by visiting https://www.commercebank.com/personal/bank/checking/debit-cards.
About Commerce Bank
With $25.5 billion in assets1, Commerce Bancshares, Inc.
(NASDAQ:CBSH) is a registered bank holding company offering a full line
of banking services, including payment solutions, investment management
and securities brokerage. Commerce Bank, a subsidiary of Commerce
Bancshares, Inc., leverages more than 150 years of proven strength and
experience to help individuals and businesses solve financial
challenges. In addition to offering payment solutions across the U.S.,
the Company currently operates banking facilities in nine key markets
including St. Louis, Kansas City, Springfield, Central Missouri, Central
Illinois, Wichita, Tulsa, Oklahoma City and Denver. Commerce Bank also
maintains commercial offices in Dallas, Houston, Cincinnati, Nashville,
Des Moines, Indianapolis, and Grand Rapids. Commerce delivers high-touch
service and sophisticated financial solutions at regional branches,
commercial offices, ATMs, online, mobile and through a 24/7 customer
service line. Learn more at www.commercebank.com.
1. As of December 31, 2018
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