UK: Tap-and-pay Coming For Credit Card Transactions

Posted: May 11 2007, 3:00am CDT | by , Updated: Aug 11 2010, 1:47am CDT, in News | Technology News

UK: Tap-and-pay coming for credit card transactions
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The United Kingdom's banking industry has approved a new form of credit card payments. Already sort of in place in the United States, the payment method will allow purchases of less than £10 by just holding the card up next to a wireless scanner.

Visa and Mastercard are already lined up for the new payment option, as are several retailers in London. It will begin rolling out in September, with a "national upgrade" planned for next year.By the end of 2008, officials say more than 5 million contactless cars will be in circulation. More information can be found at Visa Europe's website

Via Pocket Lint

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<a href="/latest_stories/all/all/2" rel="author">Luigi Lugmayr</a>
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