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>
Luigi Lugmayr () is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com.

 

 

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