Contactless Payment Systems
Contactless payments are on the rise in the convenience payment sector and companies like Commidea who supply companies like Eat and Pret A Manager are at the forefront of this technology.The announcement that Orange will partner with Barclaycard to further extend the concept to the mobile phone will make a major impact on how customers pay for small value transactions.
International POS Ltd(IPOS)have supplied the Commidea Ocius chip&pin solution for a number of years to the retail and hospitality industry and the benefits are well known when they invest in the necessary technology.
See hospitality example: http://www.iposltd.com/blog/?p=40
IPOS believes further analysys is necessary before retailers can justify extending the normal chip&pin solution to contactless for the transactions below £15.00. It is clear however that as its popularity increases the pressure for retailers to make the additional investment will also grow.
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