Sparkasse issues 1.3 million contactless bank cards
18 January, 2012
category: Contactless
German bank, Sparkasse will pilot contactless payments for its bank credit card users, reports Venture Village.
Locations in Hannover, Braunschweig and Wolfsburg will be some of the first for the trial, which begins in April. More than 1.3 million customers will receive the new bank cards complete with contactless functionality.
Using the new cards, bank card holders will be able to wave and pay for purchases at participating outlets without the need for a PIN or signature.
Sparkasse joins other banks and shops in the US and UK that have gone contactless including Barclays, HSBC, Citibank and American Express. Banks such as BW-Bank, DKN and TargoBank are also in process of bringing MasterCard and Visa’s “payWave” system to the German market later this year.
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