19 July 2018
Register today

Credit Agricole becomes first bank in Portugal to use contactless cards

17 January 2013  |  2894 views  |  0 Source: Ingenico

Ingenico (Euronext : FR0000125346 - ING), leading worldwide provider of payment solutions, today announces that Crédit Agricole is the first bank in Portugal to use contactless payment technology.

Having incorporated the technology into its cards, the bank is currently renewing its payment terminals. Some 200,000 contactless cards have been issued and 1,500 Ingenico payment terminals have been installed as part of the first phase of the project. The overall objective is to reach 600,000 contactless cards and 5,500 terminals by the end of the first quarter 2013. With this project, the bank hopes to generate a 5% increase in the volume of transactions.

Holders of the cards with the new contactless technology will be able to perform small transactions (under 20 Euros) by simply holding the card up close to the payment terminal. Specially selected for this ambitious project, Ingenico's iWl251 terminal will enable contactless payment to become a reality in Portugal.

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit https://secure.vasco.comVisit info.nice.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
10805 views comments | 4 tweets | 7 linkedin
Metro Bank opens developer portalMetro Bank opens developer portal
9911 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
9506 views comments | 6 tweets | 15 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
8913 views 19 comments | 14 tweets | 30 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
8264 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, double ote, benefits
New York City, NY - USA

Find your next job