PayPoint rolls out contactless payment across UK
05 January, 2011
category: Contactless
UK-based cash payment network PayPoint has begun distributing free contactless pin pads to 1,000 of its nationwide retailers using the Paypoint/Lloyd’s TSB Cardnet service.
According to the PayPoint, this initiative makes it the the first cash payments network in the UK to introduce contactless credit and debit card payments in stores within its national network.
PayPoint customers will soon be able to benefit from speedy contactless transactions of £15 or less, while retailers will enjoy a transaction fee that is up to 4 pence lower than debit cards, says the company.
PayPoint says it plans to eventually expand the rollout of contactless payment facilities to the nearly 6,000 retailers to which it provides debit/credit services.