In future, customers will be able to pay for their purchases even more easily, conveniently and quickly with the PostFinance Card. Thanks to the new contactless function, their card no longer has to leave their hand and they can make payments at checkouts within seconds. From now on, all newly issued PostFinance Cards in CHF will feature this additional payment option as standard.
PostFinance is the first major financial institution in Switzerland to equip its debit cards with a contactless payment function. This will enable customers to pay at store checkouts even more quickly and conveniently. The card previously had to be inserted into the payment terminal. Now the card simply needs to be held close to the device, and the purchase will be paid for immediately. For small amounts of up to 40 francs, there is usually no need to enter a PIN. For amounts exceeding 40 francs, the PIN is systematically required as an additional security element.
In principle, the contactless function on the PostFinance Card can be used wherever the PostFinance Card is accepted as a payment method. For the contactless payment function to work, the service provider’s payment terminal must allow contactless payment and the software must have been updated. PostFinance is currently in talks with terminal manufacturers and is expecting major store chains to gradually equip their points of purchase with the new function throughout the country. Contactless payments are already accepted at a large number of stores in Switzerland. Contactless payment simplifies the process at the checkout and stops queues from forming.