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Already with two million ‘blink’ cards in consumer hands, JPMorgan Chase has jumped to the forefront of the contactless payment industry in the U.S.
Seven bidders are vying for the opportunity to extend London’s Oyster card beyond fare collection and into the merchant payment realm. The companies and consortiums have submitted bids and await the decision from Transport for London that is expected in the coming months.
A new payment platform called PayPilot was designed, according to its developer Accelitec, for the retailer wanting additional control, branding, and functionality from a contactless payment solution.
LA is in the midst of a major transformation of its transit ticketing and fare collection system that will eventually bring contactless “TAP” cards to more than 2 million area commuters.
The roll of contactless payments continues in the U.S. as major chains and retailers sign on to accept PayPass … and more terminals are approved to accept the technology.