Contactless Smart Cards, RFID, Payment, Transit and Security

2012 Olympics going contactless and cash free

Thursday, June 19, 2008

The 2012 Summer Olympics in London will be cash free if Visa has anything to say about it, according to the UK’s Evening Standard. Visa plans to issue thousands of the contactless smart cards and readers before the event. Tickets may even be stored on the cards.

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Google is looking to bring its contactless mobile payments service to the UK in time for the 2012 Summer Olympics, according to eWeek Europe.

Google Wallet, which enables customers to pay, redeem coupons and earn loyalty points all with a single tap of an NFC-enabled phone, could be tested in the UK as early as the first quarter of 2012. French newspaper Les Echos says the company is currently in talks with British banks, retailers and distributors.

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In the hopes that mobile wallets and contactless payments will catch on with consumers, mobile phone and financial services firms are looking to next year’s Olympics in London as a tipping point.

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Visa Europe is anticipating a big year for contactless and NFC payments, with issuance projected to leap from 30 million in 2011 to 50 million in 2012.

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K-Plussa launched an upgraded, contactless version of its cash card to provide a faster and easier shopping experience for costumers at the checkout. K-Plussa is a customer loyalty programmed in Finland offering benefits to its customers from over 3,000 shopping places and over 40 business partners.

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United Arab Emirates (UAE) travelers prefer making payments via mobile rather than using cash or credit card, according to a recent survey commissioned by travel technology and transaction processor Amadeus.

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Isis, the mobile commerce joint venture between T-Mobile, AT&T and Verizon, is looking to bring its contactless mobile payments service to overseas markets, according to Bloomberg.

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