What does the term "tap to pay" refer to in Verifone technology?

The term "tap to pay" specifically refers to the technology that enables contactless payments, where a card or a compatible mobile device is tapped or brought close to a payment terminal equipped with NFC (Near Field Communication) technology. This method allows for quick and convenient transactions without the need for physical swiping or inserting a card into the terminal.

With "tap to pay," customers can simply tap their cards or devices to initiate a transaction, which is processed securely and efficiently, typically requiring minimal interaction. This method has become increasingly popular due to its speed and ease of use, particularly in settings like retail and public transportation.

Other options discuss different payment methods that do not fit under the "tap to pay" terminology. For instance, scanning a QR code represents a distinct payment process that involves visual recognition rather than close-range contact. Cash payments and those requiring PIN entry are traditional payment methods that do not utilize the contactless technology central to "tap to pay."