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Contactless Cards

Rapidly developing technology which uses radio frequency identification to allow swipe payments with cards, making retail payments much quicker.


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Compass Plus: Industry expectations for contactless are overambitious

16 May 13 - PaymentEye - Insight
A survey conducted by Compass Plus, an international provider of retail banking and electronic payments software to processors and financial institutions, has revealed that the reality of the mass adoption of contactless payments is much further behind ...

Marks & Spencer introduces contactless payment processing

13 May 13 - PaymentEye - New ProductsNew Technology
According to reports, around one in seven card payments of under GBP20 are now made through contactless terminals at Marks & Spencer. Figures show that the retail giant is processing more than 230,000 tap and pay transactions every week. The new scheme ...

Post Office becomes biggest accepter of contactless payment in Europe

10 May 13 - PaymentEye - New ProductsNew Technology
Post Office is leading the way in payment technology with today’s announcement that it has installed contactless payment terminals across 30,000 counter positions in its unrivalled network of over 11,500 branches across the UK. The move makes the Post ...

Figures suggest some consumers are reluctant to use contactless technology

08 May 13 - PaymentEye - Insight
According to the Scotsman, consumers have remained wary of new contactless payment technology, with one in four stating that they find the thought of paying for something without entering a pin number ‘scary.’ Only 6 percent of respondents have used ...

Research shows use of cash has dropped significantly in the UK

03 May 13 - PaymentEye - Insight
According to The Guardian, this month marked the 30th anniversary of the pound coin. Since its launch in 1983 which aimed to increase the longevity of the coin rather than its paper version, the brassy yellow coin has lost a lot of purchasing power. In ...
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