To make this experience fast, secure, and scalable, banks need a modern and flexible card core that guarantees the agility demanded by the market.
The growth of contactless payments: an unstoppable trend
In recent years, contactless payments have become the norm in many markets. NFC (Near Field Communication) technology allows purchases to be completed in seconds by simply placing a card, smartphone, or wearable device near the payment terminal.
According to studies by Juniper Research, the volume of contactless transactions is expected to exceed $7.7 trillion by 2025, with growth of more than 100% compared to previous years. This boom is driven not only by user convenience, but also by the ecosystem of digital wallets such as Google Pay, Apple Pay, and Samsung Pay, which have accelerated the adoption of these types of methods.
The user only perceives the simplicity of the gesture: one touch and the transaction is complete. But behind that experience is a critical infrastructure that makes the operation secure, fast, and reliable: the card core.
The role of the card core in the contactless ecosystem
An NFC payment seems simple, but in reality it involves multiple technological processes: from token issuance to real-time authorization and subsequent reconciliation.
The card core is the central piece that connects each stage of this flow, and its robustness determines whether contactless payments can scale efficiently. Among its main functions in this contactless digital payment environment are:
In other words, without a prepared and optimized ecosystem, banks run the risk of falling behind in a market that is moving towards the total digitization of payments.
With AZ7® and EVERYCARD®, you can get a core ready for the NFC era
At CLAI PAYMENTS® Technologies, we understand that innovation in payments cannot be sustained without a solid technological foundation. That is why EVERYCARD® has been designed to respond to the challenges of the contactless ecosystem, offering banks the ability to launch agile, secure products that are aligned with global trends.
Some of its key capabilities are:
- Adaptation with digital wallets, facilitating the adoption of NFC payments.
- API-first architecture, enabling fast connectivity with fintechs, technology third parties, and new digital applications.
- Real-time processing, ensuring lower than usual authorization times, essential for the contactless experience.
- Modular scalability, ensuring that the platform grows at the pace of demand without compromising operation.
- Intelligent monitoring dashboards, with key indicators for fraud control, operational performance, and risk management in contactless transactions.
With these features, AZ7® and EVERYCARD® not only support the adoption of NFC and digital wallets, but also open the door to new forms of financial interaction, such as payments with wearables or credentials embedded in other types of devices.
Innovation and security: the winning combination
The rise of contactless payments also brings challenges in terms of security and regulation. A modern core enables institutions to comply with international standards such as PCI DSS and strong authentication regulations, while incorporating the functionality required for real-time anomaly detection.
This ensures that while the customer enjoys a frictionless experience, the bank has a robust system in place to mitigate risks and protect both the transaction and user confidence.
The payments market is entering a stage where the physical card is no longer the only channel available. Methods such as NFC and digital wallets are gaining prominence, and consumers expect their bank to offer them agile, secure solutions that are available at any time.
In this scenario, the card core becomes the real engine of transformation. With EVERYCARD®, CLAI PAYMENTS® Technologies encourages financial institutions to adopt emerging technologies quickly and confidently, positioning them as leaders in the era of contactless payments.
Because in the end, what seems like a simple tap on the terminal is actually the result of a strategic infrastructure that begins at the core.
Want to implement a robust card core for your company with EVERYCARD®? Leave your details below and let’s talk about how to move toward the future of payments now.
