Question

If you pay for parking at a smart parking payment terminal powered by solar panels with a contactless visa card, which of the following systems or processes are you using?

Wireless money transfer
Wireless wallet
Wireless bill payment
Micropayment
Wireless electronic payment system

Answer 1

Answer: Wireless wallet.

Wireless wallet makes use of a software that can save an individuals visa card numbers and other personal information, thereby the individual does not need to enter their respective information every time whenever they have to make a purchase.

The contact less visa card uses Near Field Communications technology for the transaction, i.e. where money can be transferred through wireless wallet system .