Contactless Smart Cards, RFID, Payment, Transit and Security

ABN AMRO piloting contactless debit cards

Monday, June 14, 2010

Dutch bank ABN AMRO is piloting MasterCard’s Maestro PayPass contactless payment technology, according to The Financial.

Maestro will allow ABN AMRO customers to make cashless card payments of up to EUR 25 without entering a PIN.


The Financial says that the current trial will be followed by an internal pilot among the bank’s employees in fall 2010, and the results of both will inform the development of new ABN AMRO debit cards.

Read more here[end] 

Retailers in the UK are lobbying for emerging payment technology, viz. contactless payment, to be cheaper to process than current debit and credit cards, which are running them hundreds of millions of pounds in processing fees a year, according to The Register.

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The Canadian contactless payments market is set to take off as large stores rapidly adopt the new technology, and smaller merchants threaten to make the jump as well, according to itbusiness.ca.

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Despite recent moves into mobile payment by giants such as Bank of America and Visa, US merchants may be hesitant to adopt the new technology, according to analysts at Reuters.

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The Southeastern Pennsylvania Transportation Authority (SEPTA) is applying for a $29.3 million TIGER II grant from the U.S. Department of Transportation to fund a contactless smart card fare system, according to progressiverailroading.com.

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Bank of America will be testing NFC payments enabled through microSD cards, a spokesperson for the bank tells NFCNews.com. The program will begin in September and run through the end of the year in New York.

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Liza Landsman has resigned as Citigroup’s U.S. head of online and mobile banking after only a year of directing its consumer internet and mobile division, according to finextra.com.

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