Contactless spending is expected to account for almost half of all transactions by the end of 2022 (47%), as it becomes the most popular payment method for the first time, according to new research.
From today [1 April 2020] the spending limit for contactless card payments has increased from £30 to £45 across the country, UK Finance has announced. The change means retailers in the UK can now update their payment systems to accept
Data released by Barclaycard today as part of its latest Contactless Spending Index shows that ‘touch and go’ payments have rocketed in the last 12 months, with year-on-year spending up 166%. The news comes as industry body, the UK Cards Association
2016 has so far been a year of significant change in convenience retail. Convenience multiples (+10.6%) and supermarket multiples (+4.0%) grew the fastest of any convenience sector players, growing by almost 13,000 stores to date, while over 18,000 unaffiliated convenience stores closed.
Poundland, Europe’s leading single price retailer, has completed a significant technology rollout by upgrading all of its UK and Ireland (Dealz) stores to accept payment by contactless and Apple Pay. Poundland customers want a fast, friendly and efficient checkout experience. The
The total number of MasterCard processed transactions passed the 1bn mark in Europe last year – an increase of 150% from 2014. MasterCard’s latest figures reveal that the UK is leading the way with the number of active contactless cards in
The number of ‘touch and go’ contactless transactions made by Barclaycard’s UK customers more than trebled in 2015*, thanks in part to the raising of the spending cap to £30, new data shows. The news comes as industry body, UKCA,
Contactless payments now account for one in 10 card transactions, and with contactless spend nearing £1bn a month, Barclaycard research indicates contactless is a huge potential growth area for UK retailers.
TOPSHOP and bPay are delighted to announce the launch of the TOPSHOP x bPay collection; a range of TOPSHOP-designed accessories that incorporate bPay by Barclaycard contactless payment technology. The collection comes in two designs: a bold monster fish print which will be available in
PayPal and Bouncepad claim they are making it easier and more affordable for small businesses to start accepting contactless payments, and boost convenience for customers in-store. Bundling the new PayPal Here card reader with Bouncepad’s PayPal tablet enclosure and custom
One Stop is about to commence a roll-out of its contactless payment solution, following a successful trial within a number of company-owned and franchise stores. One Stop’s four week trial commenced in January and all new stores since then have
Total spending on Visa cards in the UK has surpassed £600bn for the first time reports Visa Europe, which today announces its annual results for the year ending 30 September 2014. Annual point-of-sale spend on Visa cards in the UK grew
Contactless has shaken off its novelty tag and is surging towards the mainstream according to Worldpay, which today announced it processed over £1bn payments using the technology in the last three years. Data from the UK’s leading payment processing company
Worldpay, the UK’s leader in payment processing, today announced it has hit more than 100m contactless payments, marking a major milestone for UK businesses as increasing numbers of consumers continue to reject cash in favour of cards. With organisations such
Blackpool beach trotted into the twenty first century today as a troupe of donkeys – one of the beach’s most famous attractions, alongside the Tower – went cashless and contactless for the first time. Parents will no longer have to let their kids down
Contactless payments are rocketing, with 226% more contactless transactions compared to this time last year, according to new data from WorldPay. Contactless payments have more than trebled (249%) between 2012 and 2013 (from 12.5m UK payments processed by WorldPay in
Rachelle St Ledger, commercial director, retail & e-commerce at PrePay Solutions, reviews the forecast for payments technologies at the beginning of 2014 “Probably the most distinctive payments innovation that 2013 witnessed was the introduction of near field communication (NFC) payments from
A third of shoppers regularly use self checkout and one in five favour self service kioks because they don’t have to talk to people, according to research into consumer payment behaviours by the global payment provider, WorldPay. The study, which
MPayMe, an international business technology company, has launched a mobile business platform called ZNAP and demonstrated the application by powering a QR-bar at an event at Chester Racecourse where all drink orders and payments were enabled through mobile phones. The
Paying for goods and services through fingerprint, palm and iris scanners is the most popular future technology choice for security-conscious shoppers, according to new research* from WorldPay, a global leader in payments processing. One in two people surveyed (49%) stated
Today’s shoppers expect a higher than ever level of support and expertise from high street retailers, a new survey by Vista Retail Support has revealed. Ninety five per cent of those polled by the retail IT support specialist said if
Jon Worley, director of customer interactions at payment solutions specialist, The Logic Group, predicts the key retail technology trends for 2013 2012 has been a tough year for the high street, with retailers struggling to drive sales and many high street
Contactless payment options are being used by only 5% of shoppers in the stores where it is available, according to a survey on behalf of IT services provider to the retail and hospitality markets, Vista Retail Support. More than one
Asda, the UK’s second largest supermarket, is piloting contactless payment in 25 stores from July 2012. The contactless technology, provided by Streamline and Visa Europe, means Asda customers will be able to tap the reader with their contactless enabled card,
WHSmith, one of the UK’s largest retailers of stationery, books, newspapers, magazines and impulse products, is the latest business in the UK to launch contactless payment in partnership with Streamline and Visa Europe. The new contactless payment option will initially
