Contactless Payment News

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Contactless Payment News

As credit card companies continue to add contactless options to their line-up of options, technology vendors continue to update their offerings to accept the RFID embedded cards.

Dresser Wayne has offered integrated contactless card readers installed on dispensers for several months, utilizing Panasonic hybrid card readers, and reports success with its retail fueling customers. The company's contactless payment option can be added to dispensers in the field, and depending on the type of cards accepted, the feature can be added without making changes to the point-of-sale (POS), the company reported.

"Contactless is all about providing speed and convenience for the consumer and faster sales throughput for the merchant retailer," said Robin Sweeten, group manager of strategic marketing for the Panasonic Industrial Co.

Consumers do not have to remove their contactless cards from their wallets, which offer flexibility when compared with previous RFID payment methods such as keyfobs, and retailers benefit from the added layer of security. The new payment method does not require a customer’s signature because they are embedded with software to prevent duplication and data theft.

Additionally, USA Technologies launched its contactless payment technology for vending machines. The new contactless cards, including ExpressPay from American Express and PayPass from MasterCard, activate USA Technologies' e-Port terminal for payment at vending machines.

Both Sheetz and 7-Eleven Inc. are now accepting contactless payment solutions at their convenience stores.