Tap and go to replace cash
Posted on May 30th, 2007 by sherrilynne
Every time I’m at Spill The Beans, there is a panic while I search the bottom of my handbag to try to come up with £1.20 to pay for my coffee. It’s not as if I’m skint or anything … I just never seem to have any cash on me.
It seems I’m not alone in this. There is a real demand for tap-and-go money systems and Visa and Mastercard are neck-and-neck in the race to be the first to market in the UK. Using wave-and-pay couldn’t be easier. You will be able to buy one ready-loaded and top-up at retailers or online. This technology will speed up paying at tills and no chip-and-pin number is required.
There is a third player coming to market too. sQuidcard has developed this concept using its experience of operating the Oyster internet infrastructure for Transport for London. They have a different approach to the big boys and are set to launch in the north west this Autumn, with further trial sites within the M25. Click here read the rest of this Teck Talk column.
Filed under: public relations
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Proximity cards are interesting, but there’s still a fundamental challenge ensuring that requests are correctly authorised by the card holder. It will be interesting to watch the industry players coming up with options around this and how public perception will gauge their offerings.
I’ll just be glad when I don’t have to rummage around the bottom of my handbag to come up with enough coins to pay for my morning coffee!