The various threats that have preyed on the normal mastercard payment system, plus new technology, has crystal rectifier to the event of various payment process technologies that not solely yield additional convenient transactions, however conjointly ones that are additional secured. Click on the links below to examine the new technologies, however they work, and their advantages and drawbacks.

• EMV Credit Cards – conjointly known as Chip-and-PIN cards, these cards feature a chip that stores a secret writing that detects changed transactions. It conjointly needs a PIN for further authentication.
• Contactless RFID Credit Cards – This payment technology uses passive frequency Identification that permits cardholders to wave the cards before of RF terminals to finish transactions.
• Mobile Wallets – First launched in Japan in 2004, this technology works on NFC enabled smartphones, and has since been enforced by Google and Apple through their mobile platforms.
  1. Apple Pay
  2. Android Pay
• New Payment process Architectures – 3 next-gen architectures designed to enhance secure mobile payments.
  1. Encryption and tokenization
  2. Cloud-based PoS systems
  3. Secure part systems.