The new mobile payment feature, first previewed in September 2015, enables customers to use their handsets for ‘touch and go’ payments at over 300.000 locations in the UK. Transaction values will be limited to GBP 30, rising to GBP 100 if users enter the PIN on their mobile device.
In a market-first, a real-time replacement service will allow lost and stolen cards to be replaced with a virtual card to be downloaded instantly onto the app, enabling customers to continue to make contactless payments using their phones without a break in service while they wait for the physical replacement to arrive.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright