‘London gets ready for contactless payments’
November 25, 2006 at 10:00 am
No PIN, no signing, no touch required
DETAILS WERE ANNOUNCED of the initial London roll out of a new wave of contactless debit cards, credit cards and pre-pay cards for payments under £10.
An extension to the existing Chip and PIN EMV network, Maestro / MasterCard’s PayPass and Visa’s contactless system will allow users to pay for small goods such as rail tickets, newspapers and beers by waving their card in front of an RFID sensor on a point of sale or vending machine…….
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