Contactless Smart Cards, RFID, Payment, Transit and Security

One year after nationwide launches, big three U.S. payment card brands remain bullish on contactless

Wednesday, August 23, 2006


After two-plus years of pilots in various parts of the U.S., each of the big three credit card providers rolled out their own contactless payment version last year. So, after a year in operation how are things going?

Actually, since the pat answer from all three is “very well, better than expected, etc.” the better question would be, what’s next? A lot, as it turns out, from different form factors, including watches, to use of mobile phones as a payment medium, to tapping and going your way through the New York Metro turnstile.

There are 1616 words in the rest of this article …

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MasterCard’s PayPass contactless payment feature may soon be presented to the Azerbaijan market of cashless payments.

According to a recent MasterCard study, 75% of the local residents said they would like to use contactless payment cards in supermarkets and 60% to pay public transport fare. When asked which devices, in addition to a plastic card, it would be convenient to make payments, 86% of respondents said they would like to use their mobile phone.

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The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones.

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Barclays Bank PLC announced that the Barclaycard Wireless Festival 2012 is to be fully contactless enabled, giving attendees the ability to enjoy the experience without having to carry cash.

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Superdrug, one of Britain’s largest beauty and health retailers, has introduced contactless payment for its in-store customers, according to Retail Gazette.

Created by Streamline and Visa Europe, the contactless system will enable customers to make payments of up to £15 (approx. USD $23) by simply waving their contactless bank card at the more than 50 participating Superdrug stores in London and Liverpool.

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Asda Stores Ltd., a British supermarket chain, is planning to trial contactless payment technology in 25 of its stores, according to Computerworld UK.

The contactless systems will be supplied by both Visa and payment value chain Streamline. Customers will be to simply tap the reader with their contactless-enabled card to pay for goods up to £15, rising to £20 June 1, potentially reducing queue times.

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The market for smart cards and secure ICs achieved double-digit year-over-year growth for shipments in 2011, demonstrating increases of 16% and 15%, respectively, according to ABI Research

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