ContactlessNews | Fibank, Tieto debut contactless payments in Bulgaria

Wednesday, August 31, 2011

First Investment Bank, one of the largest banks in Bulgaria, is teaming up with Finnish IT company Tieto to bring contactless card payment solutions to the Bulgarian market.

According to Tieto, the contactless card solution is designed to increases merchants’ business performance by offering their customers a ‘flexible and fast’ new way of paying - i.e., tapping a card against the reader rather than swipe it.

First Investment Bank currently has 21 branches serving 380,000 clients in Bulgaria, as well as other branches in Albania, Macedonia and Cyprus.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

Albron inks deal to accept biometric and contactless payments

Albron, an independent caterer in the Netherlands, will offer biometric- and contactless-based payments in its restaurants thanks to a newly signed agreement with pan-European payment processor Equens.

OTI to deliver 30,000 NFC readers in the U.S.

On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S.

OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S.

First Data brings contactless parking meters to Poland

First Data Corporation has partnered up with the Krakow Transportation and Infrastructure Authority and City Parking Group for the introduction of parking meters equipped with contactless payments functionality in the city of Krakow, Poland.

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