Kiosk Solutions Apr-May 2016 | Page 49

unattended payment after 31st December 2015 must offer the facility for the client to pay by contactless means, and any existing terminals must offer contactless payments by 2020. According to VISA’s annual report there are now more than 143 million contactless cards accepted at more than 3 million contactless terminals across Europe. Mobile Payments, like ApplePay and Android Pay, have increased popularity of NFC transactions and by 2025 it is predicted that 65 per cent of all transactions will be by mobile phone as it becomes the preferred payment method, with bank cards and cash declining in popularity – remember cheque books! Wearables like watches and wristbands have been introduced into the market and are able to complete contactless transactions up to £30. All these elements are driving contactless payments to become the most convenient, secure and reliable way to pay. Cash is no longer king! PIN Not Always Required After years of Chip and PIN being the standard way of accepting credit cards, advances in the market, technology and popularity, have made the industry question whether PIN is always necessary. When you think about it many card transactions are under £30 and in an environment where transactions never exceed £30, why go to the expense of fitting a Pinpad? The card schemes acknowledge that vending machines, short stay car parks and libraries are all markets where the transaction value will most likely not exceed £30, so have agreed that such terminals are permitted to accept chip and contactless only – with no need for PIN. If your transactions are low value, so you have no need for PIN as a CVM (Cardholder Verification Method) there are new products becoming available from Ingenico Group, Payter, CPI and others. These all-in-one readers will offer an alternative to the traditional Chip KIOSK solutions 49