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L l l l l l l l l l l I IQ ELQ MLI I Ill l l l l l l l l l l United States Patent 19 11 Wait et a . 45 Date of Patent: 54 NONCONDUCTING TRANSACTION 5,550,358 Patent Number: Aug. 27, 1996 FOREIGN PATENT

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What is non-contacting transaction system?

Non-contacting transaction system refers to a payment method in which no physical contact is required between the buyer and seller, such as using contactless cards, mobile wallets, or digital payment platforms.

Who is required to file non-contacting transaction system?

The requirement to file non-contacting transaction system depends on the regulations and laws of specific countries or jurisdictions. It is advisable to consult the relevant authorities or legal experts to determine who is required to file in a particular context.

How to fill out non-contacting transaction system?

The process of filling out a non-contacting transaction system may vary depending on the specific requirements and guidelines set by the governing authorities. It is recommended to refer to the official documentation or seek professional assistance to ensure accurate completion of the form.

What is the purpose of non-contacting transaction system?

The purpose of a non-contacting transaction system is to provide a fast, convenient, and secure payment method that eliminates the need for physical contact or the use of traditional payment instruments. It aims to improve efficiency and enhance customer experience in various transactions.

What information must be reported on non-contacting transaction system?

The specific information that must be reported on a non-contacting transaction system can vary depending on the jurisdiction and reporting requirements. Generally, it may include details such as transaction amount, date and time, parties involved, payment method, and any other relevant information requested by the authorities.

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