Touch And Pay Card Arrives
We've blogged before about touch and pay cards when we posted about the OnePulse payment card from Barclays. Today we read that Mastercard have launched their PayPass system - a touch and pay card for low value transactions.
The PayPass card is to initially be available in London within the next week and nationwide within the next 12 months. Coincidentally, the OnePulse card is also expected to be introduced next week too.
Whilst there are both supporters and and critics of such cards (convenience v fraud concerns) it's expected that by the end of this year around 500,000 consumers will have a touch and pay card and about 1,000 retailers will have the required terminals to accept the payments.
The PayPass card is to initially be available in London within the next week and nationwide within the next 12 months. Coincidentally, the OnePulse card is also expected to be introduced next week too.
Whilst there are both supporters and and critics of such cards (convenience v fraud concerns) it's expected that by the end of this year around 500,000 consumers will have a touch and pay card and about 1,000 retailers will have the required terminals to accept the payments.
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