sQuidcard, an e-money operator billed as an alternative to debit and credit card networks for small purchases, has received an award from Gemalto e-Payments Terminals for its “innovative design and features.” The award, presented last month at the CARTES exhibition in Paris, is for sQuid’s end-to-end e-money service encompassing contactless cards and retailer terminal applications.

The sQuid service is based around a smart card used for contactless payment. Anyone can have a free card, which the customer loads with funds and then uses at enabled retailers. The card is available on the magIC3 range of Gemalto payment terminals, which provides an integrated platform for both bank schemes and independent schemes such as sQuid.