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Marks & Spencer’s Contactless Payment Launches Nationwide Wednesday, 8th May 2013
Marks & Spencer has launched ‘contactless payment’ service nationwide to 644 UK stores, including its railway and airport franchise stores after a successful trials in 25 London stores last summer.
US merchants fight $7.2 bn card-fee settlement Wednesday, 28th November 2012
Some of the United States’ biggest retailers are battling against a court order that preliminarily approves a USD 7.2 billion settlement between Visa Inc, Mastercard Inc, and merchants over credit card fees, by claiming the decision would violate their rights by preventing them to opt out from the agreement.
Visa finds Olympic boost for consumer spending Wednesday, 8th August 2012
International visitors to the UK spent more than £450 million on Visa cards in the first week of the Olympic Games, up 8 per cent from levels a year before. Visa said tourists shelling out on restaurants, nightclubs, theatres and London’s key attractions had helped the boost in spending.
Barclaycard says “lunch on us” for 10,000 Londoners Tuesday, 29th May 2012
Over 10,000 Londoners are in for a treat today. To promote the launch of its new PayTag, Barclaycard have enlisted the help of 140 PayTag team members to surprise passersby with a free lunch. Twitter is already abuzz with reports of the whereabouts of Barclaycard’s PayTag team, who are sending tweets and photos of their locations across the capital.
Barclays trials stick-on credit card Thursday, 19th April 2012
Wave-and-pay technology makes another advance into the main-stream consumer market as Barclays offers stick-on credit cards for mobile phones. The miniature cards, which are about a third of the size of a normal credit card, can be stuck onto the back of phones to enable customers to make wave-and-pay transactions of up to £15 in participating retailers, without the need to enter a pin.
Co-op extends contactless payment across London for Olympics Friday, 13th April 2012
The Co-operative Group will extend its contactless payment technology to reach more than 200 outlets within the M25 in time for the Olympics. As the UK’s first major grocery retailer to introduce the terminals in its stores, the Co-op will now install the payment method at 175 food stores and 28 pharmacies by the end of May.
M-commerce transactions to reach £24bn by 2016 Wednesday, 18th January 2012
M-commerce transactions are set to be worth £24 billion by 2016, according to two reports released this week. Analysts at IHS Screen Digest and Informa Telecoms & Media have issued separate reports detailing the future of commerce through mobile devices. Informa predicted that m-commerce revenues will reach £24 billion by 2016 with remote payments for physical goods and services and international mobile money transfers accounting for two-thirds of the total m-commerce market.