26 July 2017
download the report now

Cards in space: Nationwide takes contactless to the edge of the earth

13 October 2016  |  11485 views  |  3 Contactless in space

Nationwide has taken the contactless card to the edge of space, conducting a payment from a weather ballon at 100,000 feet above the earth in temperatures of minus 30 degrees.

At an altitude more than three times higher than Mount Everest and as cold as Antarctica, Nationwide worked in partnership with First Data to develop a specially designed Clover Mobile terminal to process the pioneering transaction.

In order to successfully complete the feat, engineers worked to design a robotic arm, which would make the payment and to build a casing to protect the terminal from the elements.

The equipment was then connected to a weather balloon and programmed to make the payment once it reached 100,000 feet. After a number of test launches, the highest ever contactless payment was made on the 12 October 2016, taking off in rural Shropshire, ascending at over 15 meters per second to reach a final altitude of 101,050 feet.

Paul Horlock, head of payments at Nationwide Building Society, says: "Making a contactless payment at 100,000 feet presented unique challenges to our team, but it seemed a fitting celebration of this remarkable technology and our plans to roll out contactless capabilities to our credit cards later this year."

Comments: (3)

A Finextra member
A Finextra member | 13 October, 2016, 10:39

Great Marketing gimmic, but blows a hole through the principles of 'tap and go'! A biometric transaction at 100,000 feet will be interesting! ;0)

2 thumb ups! 2 thumb ups! (Log in to thumb up)
Ketharaman Swaminathan
Ketharaman Swaminathan - GTM360 Marketing Solutions - Pune | 14 October, 2016, 12:04

As new banks are testing card payments on Earth, traditional banks have already gone to outer space! This could be a giant leap for banking http://qwt.io/s_ketharaman/xHMM

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
A Finextra member
A Finextra member | 14 October, 2016, 16:20

I wonder what Nationwides policy is on Lost/stolen fraud. I can see the call centre person buying the ' I sent my card to space' excuse.....

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
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

Nationwide heads to Tumblr to educate millennials on money matters

Nationwide heads to Tumblr to educate millennials on money matters

07 October 2016  |  9498 views  |  0 comments | 6 tweets | 1 linkedin
Nationwide says technology is great, but sometimes face-to-face is better

Nationwide says technology is great, but sometimes face-to-face is better

22 September 2016  |  7071 views  |  0 comments | 11 tweets | 22 linkedin
Nationwide explores biometric alternative to password overload

Nationwide explores biometric alternative to password overload

11 April 2016  |  11233 views  |  1 comments | 25 tweets | 15 linkedin
Major UK banks line up in support for Android Pay launch; Nationwide pulls plug on V.me

Major UK banks line up in support for Android Pay launch; Nationwide pulls plug on V.me

23 March 2016  |  13371 views  |  0 comments | 24 tweets | 28 linkedin
Nationwide joins the wearable finance movement

Nationwide joins the wearable finance movement

05 November 2014  |  12864 views  |  0 comments | 15 tweets | 13 linkedin
PayPal takes one small step towards payments in space

PayPal takes one small step towards payments in space

27 June 2013  |  8272 views  |  0 comments | 16 tweets | 6 linkedin
'Hello. I'm on Mount Everest': Mobile banking hits highest peak

'Hello. I'm on Mount Everest': Mobile banking hits highest peak

23 May 2013  |  9158 views  |  3 comments | 24 tweets | 14 linkedin
Standard Chartered mobile banking app scales new peaks

Standard Chartered mobile banking app scales new peaks

07 May 2013  |  6959 views  |  0 comments | 8 tweets | 5 linkedin
Terminal velocity: Base jumper carries out FX trade mid-air

Terminal velocity: Base jumper carries out FX trade mid-air

20 February 2012  |  8080 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.worldpaymentsreport.comvisit www.abe-eba.euvisit vasco.com/news/PSD2-compliant-solutions

Who is commenting?

Top topics

Most viewed Most shared
UK judge blocks £14bn class action suit against MastercardUK judge blocks £14bn class action su...
10162 views comments | 7 tweets | 6 linkedin
PayPal strikes deals with Chase and CitiPayPal strikes deals with Chase and Citi
9751 views comments | 10 tweets | 6 linkedin
Mastercard and Scotiabank join Enterprise Ethereum AllianceMastercard and Scotiabank join Enterprise...
9565 views comments | 25 tweets | 16 linkedin
Machines could take over 30% of bank jobs: McKinseyMachines could take over 30% of bank jobs:...
9109 views comments | 28 tweets | 27 linkedin
Yet more deals announced in payments sectorYet more deals announced in payments secto...
9061 views comments | 7 tweets | 21 linkedin

Featured job

Competitive
Frankfurt, Germany or CEE Region

Find your next job