Smartcard heralds cashfree era
Ed Ewing
Tuesday May 8, 2007
Guardian Unlimited
The days of struggling to find the right change were declared over today as Britain's banks announced the next generation of cash smartcards.
"Contactless credit and debit cards" will be launched in London this autumn, with a nationwide rollout to follow in 2008. The "tap and go" cards will allow users to make minor purchases without having to swipe their cards or enter a Pin number.
Announcing the new technology, the UK payments association, Apacs, said: "Contactless technology will be available for transactions of £10 or under. Customers will simply hold their upgraded card up to a secure reader to make their payment in participating retailers, outlets and vending machines." continued →
Tuesday May 8, 2007
Guardian Unlimited
The days of struggling to find the right change were declared over today as Britain's banks announced the next generation of cash smartcards.
"Contactless credit and debit cards" will be launched in London this autumn, with a nationwide rollout to follow in 2008. The "tap and go" cards will allow users to make minor purchases without having to swipe their cards or enter a Pin number.
Announcing the new technology, the UK payments association, Apacs, said: "Contactless technology will be available for transactions of £10 or under. Customers will simply hold their upgraded card up to a secure reader to make their payment in participating retailers, outlets and vending machines." continued →
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