Co-op to be first UK store to introduce ‘contactless’ swipe cards to pay for goods
By Daily Mail Reporter
The Co-operative is to become the first major food retailer to use contactless payment, it was announced today.
Customers will be able to pay for purchases of £15 or less without using a Pin in the majority of the chain’s stores by the 2012 Olympics if a trial is successful.
Customers will swipe a card over a terminal similar to the Oyster system used on the London Underground.
The secure transaction automatically adds the purchase to the customer’s credit card bill or debits it from their current account.
The pilot will begin in 100 stores next year following an agreement with Barclaycard.
The supermarket wants the system in place by the Olympics, when visitors are expected to experience contactless payment on transport, tickets and other low-value purchases.
Contactless payment was introduced in the UK in 2007, and there are now more than nine million cards in circulation.
Every Barclay debit card, for example, is equipped with contactless technology as well as standard Chip and Pin.