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The Co-operative Food will become the UK’s first major grocery retailer to introduce contactless payment in its stores nationwide after joining forces with Barclaycard. The roll-out will begin with a pilot in 100 Co-operative food stores next year after an agreement was signed with Barclaycard in partnership with Visa. If the pilot is successful, The [...]

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The number of Visa contactless cards in use in the UK is expected to reach 12 million by the end of 2010. Visa payWave cards in circulation in the UK passed the 8 million mark in June and this will continue to climb in 2010 as more banks introduce the functionality, says the card scheme. [...]

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SK Telecom is to partner with Japanese wireless operators KDDI and Softbank Mobile to introduce a cross-border mobile payments service spanning Korea and Japan. The three companies have signed a Memorandum of Understanding to develop a new type of integrated mobile card and coupon solution based on Near Field Communication (NFC) technologies to allow interoperability [...]

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Hypercom has announced that its Optimum T4200-2.0 countertop and M4200-2.0 mobile product lines have achieved PCI PTS 2.1 certification, formerly known as PED. Hypercom claims its countertop and mobile terminal product family is the first among the top three electronic payment providers to achieve this standard. The certification covers the company’s fixed countertop and mobile [...]

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Six months after launching a mobile banking service based on Tyfone’s financial services infrastructure, OnPoint Community Credit Union reports that usage among its members of the new mobile payments capabilities have exceeded expectations and continue to grow at a rapid pace. Each month more OnPoint credit union members are discovering the convenience of performing secure [...]

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