
Enabling contactless in Germany
Visa and V PAY contactless payments are possible in all German department stores of GALERIA Kaufhof including the Sportarena stores and DINEA restaurants as of immediately. 3500 new contactless terminals have been installed. This enables customers to pay even more conveniently and faster in the 125 Kaufhof department stores and its subsidiaries in Germany. GALERIA Kaufhof thereby extends its service to a time-saving and customer-friendly alternative: The modern and safe way to pay contributes to ensuring fast cash-point processing.
Contactless payments with Visa are gathering momentum in Germany – Visa Europe and Kaufhof co-operated closely to support this development and we are happy to see that with Kaufhof we have won one of the leading German retailers to support our introduction of contactless payments across the whole of Germany”, says Ottmar Bloching, General Manager of Visa Europe in Germany. More than 1.4 million contactless Visa cards have been issued in Germany to date. Consumers are able to pay contactless and mobile with Visa at more than 1 million cash points in Europe.
Visa and V PAY cardholders will be able to pay mobile and contactless up to an amount of 25 EUR – without PIN or signature. If the amount is higher, the customer authorizes the payment with their PIN or signature. There is no need to hand the Visa card over, the cardholder just holds it briefly in front of the merchant terminal (maximum distance 4 cm). This offers consumers full control and overview of their expenses. Every single transaction is noted on the monthly Visa card statement. When paying with a V PAY contactless card, the debit card of Visa Europe, the amount will be charged directly to the bank account and will be listed on the monthly account statement.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more