First IB presents its Visa payWave featured contactless debit cards

Tuesday, First Internet Bank (First IB) announced it has started issuing debit cards including contactless Visa payWave feature.

Visa payWave contactless debit cards provide First IB cardholders with a faster and easier check-out, and with the security protection similar to given to traditional magnetic stripe cards.

Each First IB debit card featured with Visa payWave is built-in with an advanced computer chip that uses radio frequency to carry out the transaction. 

With First IB debit card with Visa payWave close to a contactless card reader, cardholders can complete a purchase transaction in couple of seconds. For the majority of purchases under $25 consumers will not be required to sign. In some cases where the merchant does not accept contactless transactions, cardholders can still swipe the card.

The contactless debit card offering is the most recent enhancement to the First IB's lineup of added value services. The Bank has also presented m-banking and personal budgeting and account aggregation services over the last twelve months.