- Busker serenades London’s Soho Square but it’s contactless cards only, no cash accepted. Clic...
- In the UK the number of contactless terminals is approximately 27,000 (as at the end of Jul...
- In the UK, approximately 9.6 million credit and debit cards have been issued with Contactle...
Glossary >>
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- Payment Card
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A generic term for any plastic card (such as credit, debit pre-paid and charge cards) used to pay for goods and services.
- PayPass
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Is the brand name given to the contactless product on a MasterCard or Maestro card.
- PayWave
Is the brand name given to the contactless product on a Visa card.
- PIN (Personal Identification Number)
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A set of characters, usually a four-digit sequence, used by cardholders to verify their identity.
- PIN Pad
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The numeric pad into which a cardholder enters their PIN to authorise a transaction.
- POS (Point of Sale)
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A physical location where a customer makes a purchase.
- Pre-Paid Card
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A stored-value card used to pay for goods and services, mainly as an alternative to cash.
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