Available free with Membership! Find out more
Contactless technology is being successfully used in a variety of applications and attention has now turned to applying it to payments. Contactless payments are designed to replace cash in society for low-value, high-volume transactions in a number of different types of outlets from convenience stores and coffee houses to transport networks. Trials have been conducted around the world and have sparked much media interest in this field which can utilise cards, fobs or now even mobile phones. However current usage remains disparate and consumers still have some concerns about the security of these cards. Until the use of contactless cards becomes more widespread and consumers begin to understand their operation, these concerns are likely to remain. This eBook looks at the market and demand for contactless payment and reviews the detail and practicalities on how this technology works. It goes on to highlight some of the areas where this technology has been successfully implemented, key potential areas for growth and the outlook for contactless payments in the future.