There will be about 25 million contactless cards on issue and roughly 10 percent of the country’s merchants will be equipped to accept them by the end of 2011, predicted James McDonald, who heads contactless payments for Barclaycard Global Payment Acceptance, the merchant acquiring arm for Barclays bank and the bank’s Barclaycard credit card unit.
Wednesday, July 27, 2011
UK Contactless to Reach a Tipping Point in 2011?
As the European country with the most contactless payment terminals in place, along with high-profile near field communications commercial rollouts either already launched or planned this year, what happens in the United Kingdom offers a sign for how contactless payment might fare in the rest of Europe and beyond, NFC Times believes.
There will be about 25 million contactless cards on issue and roughly 10 percent of the country’s merchants will be equipped to accept them by the end of 2011, predicted James McDonald, who heads contactless payments for Barclaycard Global Payment Acceptance, the merchant acquiring arm for Barclays bank and the bank’s Barclaycard credit card unit.
There will be about 25 million contactless cards on issue and roughly 10 percent of the country’s merchants will be equipped to accept them by the end of 2011, predicted James McDonald, who heads contactless payments for Barclaycard Global Payment Acceptance, the merchant acquiring arm for Barclays bank and the bank’s Barclaycard credit card unit.
Gary Kim has been a digital infra analyst and journalist for more than 30 years, covering the business impact of technology, pre- and post-internet. He sees a similar evolution coming with AI. General-purpose technologies do not come along very often, but when they do, they change life, economies and industries.
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