Contactless Smart Cards, RFID, Payment, Transit and Security

Study shows U.K. adoption of contactless, mobile payments is consumer driven

Thursday, February 12, 2009

A British survey commissioned by payment solutions provider Ingenico found that consumers would opt for convenience over security when choosing a new payment method. The research found that contactless cards and mobile handset technology are popular with shoppers already and could prove a viable alternative for cash.

While the numbers of people actually using the three technologies they were asked about – prepaid cards, contactless debit or credit and mobile handset payments – are relatively low, nearly half of the 1,000 surveyed would consider using or would definitely use the technology.

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McDonald’s and Barclaycard are gearing up to launch NFC awareness campaigns aimed at spurring the adoption of contactless payment technology, according to MarketingWeek.

Barclaycard, which holds the highest share (71%) of the UK contactless market, reports that contactless transactions have doubled in the last year, but are still “nowhere near” where they want to be, according to Tom Gregory, Barclaycard’s head of digital payments.

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CARTES in North America, a new annual card manufacturing, payment, identification and digital security expo and conference, has placed mobile payments at the center of its agenda of this year’s inaugural event.

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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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The European Payments Council (EPC) has published the second edition of its “White Paper on Mobile Payments.”

According to EPC, the white paper focuses on the usage of the mobile payments in the Single Euro Payments Area (SEPA) and explores how m-payment services can be delivered through cooperation between service providers in the payment industry and players within the mobile ecosystem.

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The Auriemma Consulting Group (ACG) has announced the launch of its new Mobile Payments Report, a market research service that examines the mobile phone as a payments device, financial managing tool, marketing channel and as a method of engaging with consumers.

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The Federal Trade Commission (FTC) has announced that it will hold a workshop on April 26 to examine the use of mobile payments and how this emerging technology impacts consumers.

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