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Bank rivals are gossiping about customer acquisition costs BarclayCard is racking up for OnePulse, its Oyster transit, credit and contactless card product as its face-to-face sales campaign in London Underground stations continues. According to one rival issuer of contactless cards, Barclaycard has spent approximately £14,000 per cardholder. This compares to an average £35 – £70 [...]

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Visa has upgraded its payWave contactless card technology to Visa Contactless 2.0, based on EMV. It allows faster communication between the card and terminal than previously to make the product more useful in environments where speed is important, such as fast food outlets , carparks and convenience stores. It is also more secure. The new [...]

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Results from the London-based 02 wallet trial, Europe’s largest trial of Near Field Communications (NFC) technology on a mobile phone, appear to reveal clear consumer demand for the services on offer. Nine out of ten trialists were happy using NFC technology on a mobile phone and 78% said they would be interested in using contactless [...]

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Volksbank Slovensko has become the first bank to roll out PayPass technology in Slovakia and Jan Carny, MasterCard Europe director for the Czech Republic, expects the remaining banks in Slovakia to use the technology in due course. In the first phase, the contactless payment card is aimed at Volksbank clients between 18-26 years of age. [...]

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Visa says significant milestones have been reached in the adoption of its contactless technology feature, payWave, demonstrating continued global momentum for the technology. Visa says payWave is expanding to new merchant segments and is being added to an increasing number of credit, debit and prepaid cards. Visa is currently migrating to an enhanced global specification, [...]

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