Allied Irish Banks (AIB) has announced that it will begin providing customers with contactless Visa debit cards in the second half of 2012.
Intended to replace the current Laser/Maestro cards, the new Visa cards will enable customers to make contactless payments of up to €15 by simply tapping their card against a reader.
AIB says additional benefits of the cards will include wider acceptance, better security for online purchases and purchase protection against non-delivery of goods or services.
The news follows Bank of Ireland’s (BoI) recent announcement that it too will begin issuing contactless Visa debit cards later this year.
AIB says they will automatically provide the new cards to customers upon renewal. As the largest issuer of debit cards in the Irish market, AIB can ultimately expect to replace some 1.4 million existing debit cards with contactless technology.