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09/11/2010 / craigmartinallen

CONTACTLESS CARD


Contactless is a new feature currently being introduced on payment cards (debit, credit and pre-paid) in the UK to make purchases quicker and more convenient for both retailers and consumers. Cards featuring Contactless payment technology can be used for transactions of £10 or less by simply holding the card to a secure reader – without the need to enter a PIN.
Although a Contactless transaction does not require a PIN to be entered, from time-to-time the terminal will ask that the cardholder undertake a full contact chip and PIN transaction. This is designed to deter fraudulent use should the card be lost or stolen; each time a PIN is used it re-affirms that the cardholder is in possession of their card.
http://www.cardwatch.org.uk/cardholders.asp?sectionid=24&pid=195&Title=contactless+cards

After chip and PIN, it’s the contactless card revolution

By Andrew Hagger Saturday, 6 November 2010
http://www.independent.co.uk/money/spend-save/money-insider-after-chip-and-pin-its-the-contactless-card-revolution-2126533.html
The latest phase of plastic card technology is focusing on contactless payments. The project gathered pace this week as MBNA and Virgin Money announced the rollout of more than five million new contactless cards by the end of 2011. Contactless technology appeared in Britain in 2007 and it is estimated that one in every seven debit or credit cards will be enabled by the end of this year. With cheques due to be phased out by 2018, it will undoubtedly receive greater focus going forward.

Orange and Barclaycard launch contactless credit card

http://www.guardian.co.uk/money/2010/jan/08/orange-barclaycard-contactless-credit-card
Lisa Bachelor Friday 8 January 2010
Contactless cards allow users to make payments of a few pounds by swiping them over a card reader. More than 20,000 retailers now have contactless pay points in store, according to Orange, and figures from Visa show there are currently 5m such cards in use.
Yesterday’s launch is the next stage in the relationship between Orange and Barclaycard, who announced last year that they will launch a mobile phone with contactless technology that can be swiped like a card.
Orange claims the contactless card gives users “a new level of control over their account” by allowing them to set daily, weekly or even category-based spending limits.

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One Comment

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  1. Contactless / Nov 29 2010 12:07

    Craig

    Many thanks for raising awareness in your article – it’s a really interesting development, and one that is going to move ‘centre stage’ over then next few years. So what about RFID or contactless tech?

    My take on the whole thing is that technology is essentially ‘neutral’ – by this I mean that it’s neither ‘good’, nor ‘bad’? On the surface, contactless systems should make life far easier, not least in respect of payments for goods and services. However how this technology stands up to the test of time remains to be seen. The systems that Orange, and Visa have adopted are no doubt 100% secure at the time of writing. That said, I sincerely hope that this can remain the case going forward.

    For those that are even the slightest bit concerned, then for peace of mind perhaps visit my blog (http://www.contactless.wordpress.com). Here I’m keen to share information about strategies that can be used to tackle ID theft.

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