23 May 2018
Visit response.ncr.com

HSBC to pilot Visa contactless payments cards

25 May 2007  |  13212 views  |  0 Contactless payment

British banking group HSBC is launching a UK trial of Visa's contactless payment cards ahead of a public launch later this year.

The pilot will be held at Visa Europe's staff restaurant in central London where employees will be able to use the contactless Visa debit and credit cards to pay for low value purchases of £10 or less.

The bank is using cards developed by Oberthur Card Systems for the pilot, while specially-equipped point-of-sale terminals developed by Ingenico have been installed in the restaurant.

Sandra Alzetta, SVP, Visa Europe, says contactless payment cards will offer customers the perfect alternative to cash with the added benefit that the technology will sit on their existing debit and credit cards.

Darren Wilson, head of card acquiring, HSBC, says the partnership with Visa, Oberthur Card Systems and Ingenico "provides all parties with increased confidence and experience of contactless payments in the run up to the London Launch later in 2007".

HSBC is one of a number of banks that are participating in the first phase of a national roll out of contactless payment cards in the UK, which will start with a London launch in select areas involving a mix of retailers and selected cardholders.

Earlier this month UK payments association Apacs said industry estimates suggest that over five million contactless cards will be issued by the end of 2008, and that they will be accepted in at least 100,000 merchants across the country.

Barclaycard has said it will begin rolling out a contactless payment card featuring Transport for London's Oyster pre-paid fare system to customers in September. The combined card features Visa's 'wave and pay' contactless payment technology, and will be used for low-value transactions.
KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

UK banks to face low-cost challenger for contactless payments

UK banks to face low-cost challenger for contactless payments

17 May 2007  |  9900 views  |  0 comments
UK banking industry set for contactless card roll out

UK banking industry set for contactless card roll out

08 May 2007  |  9434 views  |  0 comments
Miss Switzerland eats McDonald's

Miss Switzerland eats McDonald's

30 March 2007  |  10313 views  |  0 comments
Barclaycard unveils contactless payments terminal for taxis

Barclaycard unveils contactless payments terminal for taxis

14 February 2007  |  11658 views  |  0 comments
HSBC launches contactless m-payments trial in US

HSBC launches contactless m-payments trial in US

29 January 2007  |  11028 views  |  0 comments
Retailers switching to contactless payments

Retailers switching to contactless payments

04 January 2007  |  5907 views  |  0 comments
Visa launches contactless pre-paid cards

Visa launches contactless pre-paid cards

14 December 2006  |  10880 views  |  0 comments
Visa to launch contactless payments system in UK

Visa to launch contactless payments system in UK

24 November 2006  |  8655 views  |  0 comments
HSBC begins MasterCard PayPass roll out in US

HSBC begins MasterCard PayPass roll out in US

14 September 2005  |  10235 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit aciworldwide.webex.comVisit www.abe-eba.eu

Top topics

Most viewed Most shared
PayPal agrees $2.2 billion deal for iZettlePayPal agrees $2.2 billion deal for iZettl...
9894 views comments | 16 tweets | 28 linkedin
BBVA begins global roll-out of unified mobile appBBVA begins global roll-out of unified mob...
8715 views comments | 6 tweets | 5 linkedin
Japanese banks join quantum computing hubJapanese banks join quantum computing hub
7367 views comments | 8 tweets | 5 linkedin
SEC lures wannabe crypto investors with fake ICO siteSEC lures wannabe crypto investors with fa...
6882 views comments | 7 tweets | 11 linkedin
Fed governor: Digital tokens for financial settlement hold promise for central banksFed governor: Digital tokens for financial...
6588 views comments | 7 tweets | 11 linkedin

Featured job

Package guide £250-300K
London

Find your next job