IT integrator, Mellon Technologies, is collaborating with Athens-headquartered EuroBank to implement what it calls the first ‘large-scale’ contactless EMV project in Greece, reports Finextra. The first contactless credit cards are available to Eurobank customers, which will enable purchases of up to EUR25 without the need to enter a PIN or sign a payment slip. For larger transaction amounts, the cardholder will need to either enter a PIN or sign the slip. The card, based on dual interface technology, incorporates a magnetic stripe and an embedded chip so that it can be used on standard card acceptance devices, such as eftPoS terminals and ATMs.
Advert - Advertise here!
Mellon Technologies collaborates with Eurobank for contactless card initiative
Contactless EMV project in Greece
Related Editorial Articles
Swish and SYSTEX lay foundations for mPOS payment in Taiwan
19 Jun 13
- PaymentEye
- 
Swish the mobile Point-of-Sale provider, and SYSTEX, Taiwan’s number one IT service provider, have partnered to bring a chip and swipe mobile point-of-sale solution to Taiwanese (merchants), large and small.
In a deal signed last week, SYSTEX will be ...
Big data startup ERN secures a further USD1.6m funding
19 Jun 13
- PaymentEye
- 
UK-based startup ERN has secured a further USD1.6m in seed funding from a number of high net worth individuals to help it continue to develop its analytics platform for banks and merchants.
ERN has built a global big data analytics platform – Looop – ...
Seamless to launch SEQR mobile payment solution in Kuwait
18 Jun 13
- PaymentEye
- 
Kuwait International Bank and McDonald’s are initiating a partnership with mobile payments company Seamless concerning the pilot launch of the SEQR mobile payment solution in Kuwait (view press release) with the aim of enabling consumers to make quick ...
SecureTrading enters into new contract with PTS
18 Jun 13
- PaymentEye
- 
SecureTrading, a payment processor, will be entering into a new contract with Prison Technology Services (PTS).
Acting as PTS’s payment gateway, SecureTrading will allow individuals to transfer money to and communicate via email with prison ...
