The technology is set to enable commuters to pay for tickets up to GBP 20 by using their debit, credit or prepaid cards, without the need to use their PIN. Using contactless cards, customers tap them against the reader to pay for their travel. When a beep sounds or a green light flashes, payment is complete.
A number of Merseyrail stations are set to be equipped with the contactless technology by the end of the November 2013.
In recent news, Australian financial institution Commonwealth Bank has launched a bank-issued digital wallet service in Australia with MasterPass by MasterCard.
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