Contactless Payment Cards Contactless Payment Cards
27/11/2015   12:09:21    


Table Of Contents

Anti Money Laundering training Authorization Services security Bank Account Issues bank problems. Bank Account Validation
Why should banks remain in the acquiring market? bank acquire market. Why should banks remain in the cards market? bank credit card market share. Why should banks remain in the issuing market? New issue market. Bank Verification Number (BVN) in Nigeria Biometric bvn number Banks Online bank card services online BarclayCard Contactless Payments a faster and easier way to pay when you are on the go Best Bank Accounts business or students accounts Cardholder Verification Method (CVM)
Channel Services Payment
Common Payment Industry Terms most trends application jobs Contact and contactless cards What is the difference between contact and contactless smart cards? Contactless Card Reader proximity card reader Contactless Payment Displays Connected screens
Contactless Payment Sticker Barclaycard paytag sticker Contact Us How to pay the effortless way Customer Relationship Services customer relationship management CRM Dynamic Currency Conversion (DCC) mastercard Electronic Funds Transfer (EFT) money transfer online Electronic Payment Process Contactless payment terminals Electronic Payment Transactions Message types & transaction codes EMV Transaction Processing emv pin transaction EMV Transaction Flow emv transaction flow diagram Facebook Payments GAFA (Google Apple Facebook Amazon) group How to set up nfc on samsung galaxy NFC contactless payment settings How to Set Up HTC One NFC Payment htc nfc payment settings How to use contactless
Illegal Universities in Nigeria Study in ukraine Immediate Payments The faster payments service Innovations in Retail Payments Drivers for innovation Interchange Fees european commission International Card Schemes Crad schemes Link to Us please help us! Magnetic Stripe Transactions mag stripe transaction Mastercard mobile payments mobile payments. Mobile Network Operator Payment Mobile payment service provider Mobile payment systems solutions processing companies Mobile payments a fastest & best way to pay? Mobile Ticketing App for Transport Systems mobile ticketing system Nigerian English nigerian pidgin english Opportunities And Challenges of Card Market Card payments. Pay Attitude contactless solutions. Payment and Collection Instruments credit instruments. Payment Card Solutions with fingerprint sensor/scanner biometric Payment flow with apple pay
Payments network service providers Payment Security Online game changers in securities payment services Problems with Contactless Cards protect contact less card. 101 Quotable Quotes About Money & Life Motivational quotes Real time Payments sometimes referred to as immediate payments The rise in contactless payments Cashless society Risk Management As we move forward with EMV card & debit payments Routing Services network Sports Payment paid sport pay view Tackling fraud with locations of mobile phones & card transactions Card security. Tap and Go Visa MasterCard tap-and-go Tap and Pin Solutions credit card UBA Contactless Cards Pay on the go! Universal Payments the disruption opportunity Useful Links other sites What are Payments understand payments & payments systems What are Payment Systems? types of electronic payment systems What does future hold for contactless?
What is PCI DSS? payment card industry data security standard Where to use contactless cards Shops that accept contactless cards.

Last Updated

Last Updated: Friday 27th November 2015 @ 16:41 pm

The Contactless Payment Card

How TfL is synonymous
with Contactless Cards?

Strangely how Transport for London (TfL) has hijack contactless payment cards in the Google/ Bing/ Yahoo search engines as if it is synonymous with contactless.

For example, in Google search engine if you search for the words "contactless payment cards", the google search engine results page (SERP) will show the top 5 listing results returned as shown below. Notice how TfL is in the top 2.

  • 1. What is a contactless payment card? - Transport for London
    Contactless payment cards are debit, credit, charge or pre-paid cards which can be used to make quick, easy and secure payments for everyday purchases of...

  • 2. Contactless - Transport for London
    You can use your contactless payment card to travel on bus, Tube, tram, DLR, London Overground, TfL Rail and most National Rail services in London.

  • 3. Contactless Payment Card
    Oyster and contactless payment cards are plastic smartcards used for quick and easy payments; you can use them instead of paper tickets to pay for travel.
  • 4. Contactless payment - Wikipedia, the free encyclopedia
    Contactless payment systems are credit cards and debit cards, key fobs, smart cards or other devices that use radio-frequency identification for making secure ...

  • 5. Barclays contactless debit cards
    Use Barclays Contactless Payments to buy those little things like a cup of coffee, sandwich or newspaper without having to carry cash.

This is because TfL has been heavy advertising Oyster cards and Contactless payment cards.

Basically, they have been buying keywords (or google adwords) traffic for "contactless" and "contactless payment card", in short anything contactless.

You may be wondering what happened to the financial institutions banks contactless cards such as:

  • contactless cards american express
  • contactless cards barclays
  • contactless cards canada
  • contactless cards europe
  • contactless cards first direct
  • contactless cards guardian
  • contactless cards halifax
  • contactless cards hsbc
  • contactless cards ic card
  • contactless cards icic
  • contactless cards lloyds
  • contactless cards mastercard
  • contactless cards nationwide
  • contactless cards natwest
  • contactless cards new zealand
  • contactless cards nfc
  • contactless cards rbs
  • contactless cards retailers
  • contactless cards rfid
  • contactless cards santander
  • contactless cards security
  • contactless cards tsb
  • contactless cards uk banks
  • contactless cards usa
  • contactless cards visa
  • contactless cards yorkshire bank

Innovation and Contactless Technology

TfL is making the most of the latest advances in contactless technology to improve customer service, including expanding WiFi coverage to all remaining below-ground Tube stations;

And widening the acceptance of contactless bank card payment from the bus network to London Underground and rail services, giving customers the option of another easy way to pay.

Also introducing more and better ticket machines that will, with assistance from TfL staff, provide quicker and easier refunds.

Contactless Payment Customers want payment options and TfL is happy to invest

TfL lead the way global in transport technology and Oyster is widely known as the world's most popular transport smartcard. Contactless payment is already available on London's buses and rail services.

Londoners has truly embrace Contactless payment, customers get even better access to service information and a 24-hour Tube service.

The number of bus journeys paid for using a contactless debit, credit or charge cards hits over one million, just four months after the start of the contactless payment scheme in April 2013.

Many statistics publications now showing a huge number of British people are making purchases made with plastic cards is on the increase thanks in part to the rapidly growing popularity of contactless payments.

The main driver for contactless increase has been its introduction on London's public transport system; there were over 17 million tap and pay bus, rail trips journeys last year.

Contactless Payment Growth

The United Kingdom (UK) contactless card association organisation expects the increasing trend to continue as the contactless cards spending limit rises to £30.00 and the popularity of smart mobile phones and wearable Near-Field Communication-equipped NFC payment terminals takes off.

Debit cards remain the most common contactless payment cards in consumers' wallets, with more places now accepting cards, contactless payments and the rise in online shopping the large jump in card spending looks set to continue.

More and more British people are now comfortable with mobile payments or contactless payment options on the high street, that they expects to use their mobile phone to make payments on a daily basis.

TfL total embracement of contactless payment cards and the online commerce security enhancements has been the key for paving the way for next generation of mobile payment and contactless payment technology.

It is with great anticipation that the next 12 months are when mobile payments and contactless cards become mainstream.

When it comes to hard earn money, concerns over control and security are understandable though a simple lack of knowledge is often an underlying problem, and buying consumers are quick to see the benefits of convenience.

This year 2015, we're finally seeing more and more contactless card adoption - as more and more people learn about the contactless payment technology, and see others using it and get used to paying with it, usage will increase.

MOBILE Contactless consumers
Like any new technology,
it isn't all there yet

Radio frequency Identifier RFID-based Contactless payment cards are fast, secure, convenient, cheap and largely or hardly ever used by consumers.

Contactless payment cards use RFID technology to provide faster, more secure transactions.

But few years after initial pilots, the cards have finally getting off the ground with merchants and consumers. Mobile phones or smart phones have come to the rescue.

Restaurants and fast food chain are one of the first to have rolled out support for contactless payment cards nationwide, both inside and drive-through.

Contactless payment systems are based on a wireless technology embedded into some credit and debit cards and even key fobs from the major card issuers.

The contactless payment systems use radio frequency identification (RFID) technology to complete transactions between a card and a store contactless payment terminal without the user swiping the card.

And since the card readers follow the ISO 14443 messaging standard, any business with a compliant reader can process card transactions from any contactless card, including those from debit and credit cards, MasterCard PayPass, Visa PayWave, AmericanExpress ExpressPay, ApplePay, Samsung Pay, Facebook pay, Alipay, GiroGo, Oyster Card, ID cards, US Passport Cards, Enhanced Driver's Licenses such as Washington, Michigan, New York and Vermont.

Many transit cards such as the DC Metro and Boston Charlie card, TWIC (Transportation Worker Identification Credential), HID iClass, HID MIFARE, HID FlexSmart, DESFire, Indala FlexSmart, All MIFARE and DESFire compatible cards, sQuid cards used in Europe, Military CAC (Common Acess Cards), New Government PIV (Personal Identity Verification) cards such as the Linc-Pass, New long range RFID EPC Gen1/Gen2 cards, Library Transit / Park pass NFC-equipped Smartphones contactless tag access etc.

Contactless debit or credit cards are main targets for data theft. Your RFID / NFC equipped credit and insurance, key, Identity document or e-ticket cards should be protected from hidden scanners and fraudulent use.

Contactless RFID technology appears to offer somthing for everyone

For card issuers, it adds about $1.00 to the cost of a card but represents the next step in the banking industry's attempt to chip away at the cash economy by expanding the use of debits and credit cards for small transactions.

For consumers, contactless technology offers convenience.

There's no personal identification number to enter and no need to swipe a card, and transactions under $25.00 don't require signatures.

Users simply hold the cards about an inch away from the contactless readers to activate them.

For merchants like McDONALD's Restaurant or KFC Group, where speed is important, card issuers promise faster transaction times.

American Express claims that transactions using its ExpressPay enabled credit cards can be completed in about one-third the time of a swipe-card transaction.

This year 2015, many consumers have contactless cards, and most retailers are playing a key role in using the contactless payment terminal.

Today VISA have distributed over 500 million cardholders with contactless technology and MasterCard has distributed over 500 million PayPass cards and claims over 500,000 merchants now accept them.

Some Pharmancy chain which has had contactless readers in operation has seen over 20% of its card transactions are contactless.

Macdonald, the fast-food giant has been taking contactless payment for a few years now.

Right now, there have been many takers of contactless payment and the trying is over of the chicken-and-egg proposition, where the merchants are waiting for the users and vice versa.

Like any new technology, it isn't all there yet. The real challenge is to be able to deploy it broadly in a big chain with rock solid reliability.

The benefits are really for the consumer in its ease of use and convenience.

There's just one problem: Still, some consumers may be nernous. There is stories of "skimming", where someone with a contactless card reader brushes up against your contactless card or smartmobile phone on a bus or train subway and siphones money out of your account, are already circulating.

Moreover,the card associations protect merchants from fraud by guaranteeing transactions of $30.00 or less without requiring a signature, and consumers are protected by the same liability limitations that apply to standard credit cards.

There's another related concern, however. Consumers give up more privacy as they increase the number and types of transactions they made electronically.

You see, your contactless credit card transactions appear on your credit card statement. Whilst your cash payments don't. It's onemore transaction that is linked to an account.

As the cards are increasingly tied to loyalty programs, and credit card associations and merchant network link together more tightly, other privacy issues may arise.

Perhaps, some of these concern may not be resolved until acceptance of contactless payment technology reaches critical mass in a few years time.

If the past is any indicator, it may take sometime before credit cards become fully integrated into the world of wireless payments.

Mobile Phone deliver
Payments and Payment related services

Today it's easier than ever to collect Multiple Streams of Income payments pulling from across the globe - Take your pick! whether it be in Pounds, Dollars or Euros.

And all coming direct to your hands - literally - smart phones and tablets like the iPad are revolutionising the way we collect payment and make money. It's very exciting.

Making life more convenient for Users

Almost 12 years after it was launched, it is hard to imagine Transport for London TfL without the contactless payment cards and Oyster card. Oyster card launched on 30th June 2003 and contactless debit cards and contactless credit cards in December 2012.

It is easy to say that contactless payment cards are the world's most popular travel payment card and have transformed the way journeys are paid for in the Capitals. It has saved both time and money for customers.

In UK, it is easy to say that around one in 8 VISA or MasterCard contactless transactions are made on buses in the London Capital.

Oyster card has laid the foundations for the new way of paying for journeys. TfL contactless payment is similar to using Oyster card, except that debit cards and credit cards are used to touch in on the blue or yellow card reader at the start and end of journeys.

Many commuters have taken the advantage of the benefits of using a contactless card they already have with them and paying the cheaper rate fare rather than cash. Nonetheless, cash still the King!

As a result, 2015 will see the end of cash handling on most transport systems. As most capital cities in the world tofully integrate contactless payment cards into their fare system.

Contactless Payment Cards Nationwide

contactless payment cards problems