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Are contactless payments safe?

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There are several security features to help protect cards enabled with contactless technology and contactless transactions from fraud.

Contactless Payments are part of the secure microchip that’s already on your card. Your card has chip technology to protect it from being copied and counterfeited. For more safety, if you go over your contactless payment spending limit, the terminal will ask you to do a PIN transaction to confirm that you’re the actual cardholder. In addition, Interac Debit comes with the Interac Zero Liability policy ― if your card is lost or stolen and is fraudulently used, you’ll get 100% of your funds back. 

"SIMPLII FINANCIAL" and the SIMPLII FINANCIAL DESIGNS are trademarks of CIBC. "Simplii Financial" is a division of CIBC. Banking services are not available in Quebec.
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