Contactless payment - wikipedia Contactless payment The examples and perspective in this article may not represent a worldwide view of the subject. You may improve this article, discuss the issue on the talk page, or create a new article, as appropriate. ( September 2014 ) EMV contactless symbol used on compatible payment terminals A contactless enabled American Express charge card issued in the UK Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio - frequency identification ( RFID ) or near field communication ( NFC, e.g. Samsung Pay, Apple Pay, Android Pay, Fitbit Pay, or any bank mobile application that support Contactless ) for making secure payments. The embedded chip and antenna enable consumers to wave their card, fob, or handheld device over a reader at the point of sale terminal. Contactless payments are made in close physical proximity, unlike mobile payments which use broad - area cellular or WiFi networks and do not involve close physical proximity. Some suppliers claim that transactions can be almost twice as fast as a conventional cash, credit, or debit card purchase. Because no signature or PIN verification is typically required, contactless purchases are typically limited to small value sales. Lack of authentication provides a window during which fraudulent purchases can be made. In 2012, MasterCard Avisors wrote that consumers are likely to spend more money using their cards due to the ease of small transactions. MasterCard Canada says it has seen `` about 25 percent '' higher spending by users of its Mastercard Contactless - brand RFID credit cards. EMV is a common standard used by major credit card and smartphone companies for use in general commerce. Contactless smart cards that function as stored - value cards are becoming popular for use as transit system farecards, such as the Oyster card or RioCard. These can often store non-currency value ( such as monthly passes ) in additional to fare value purchased with cash or electronic payment. Contents 1 History 2 Security 3 Floor limit 4 See also 5 References 6 External links History Mobil was one of the most notable early adopters of a similar technology, and offered their `` Speedpass '' contactless payment system for participating Mobil gas stations as early as 1997. Although Mobil has since merged with Exxon, the service is still offered at many of ExxonMobil 's stations. Freedompay also had early wins in the contactless space with Bank of America and McDonald 's. McDonald 's, KFC, Burger King, Boots, Eat, Heron Foods, Pret a Manger, Stagecoach Group, Subway, AMT Coffee, Tesco, Asda and Lidl are among the retailers offering contactless payments to their customers in the UK. In March 2008, Eat became the first restaurant chain to adopt contactless. Major financial entities now offering contactless payment systems include MasterCard, Citibank, JPMorgan Chase, American Express, KeyBank, Barclays, Barclaycard, HSBC, Lloyds Banking Group, FreedomPay, The Co-operative Bank, Nationwide Building Society and The Royal Bank of Scotland Group. Visa payWave, American Express Expresspay, and MasterCard Contactless are examples of contactless credit cards which have become widespread in the U.S. and UK. The first contactless cards in the UK were issued by Barclaycard in 2007. As of December 2014, there are approximately 58 million contactless - enabled cards in use, in the UK, and over 147,000 terminals in use though this is growing in numbers and percentages of adoption. Telecom operators are starting to get involved in contactless payments via the use of near field communication phones. Belgacom 's Pingping, for example, has a stored value account and via a partnership with Alcatel - Lucent 's Touchatag provides contactless payment functionalities. In January 2010, Barclaycard partnered with mobile phone firm Orange, to launch a contactless credit card in the UK. Orange and Barclaycard also announced in 2009 that they would be launching a mobile phone with contactless technology. In October 2011, the first mobile phones with MasterCard PayPass and / or Visa payWave certification appeared. A PayPass or payWave account can be assigned to the embedded secure element and / or SIM card within the phones. Android Pay is an application for devices running Google 's Android OS, which allows users to make purchases using NFC, which initially required a physical secure element but this was replaced by host card emulation which was introduced in Android 4.4 ( KitKat ). Softcard ( formerly known as Isis mobile wallet ), Cityzi and Quick Tap wallets for example, use a secure SIM card to store encrypted personal information. Contactless payments with enabled mobile phones still occur on a small scale, but every month an increasing number of mobile phones are certified. In February 2014, MasterCard announced that it would partner with Weve, which is a joint venture between EE, Telefónica UK, and Vodafone UK, to focus on mobile payments. The partnership will promote the development of `` contactless mobile payment systems '' by creating a universal platform in Europe for it. In September 2014, Transport for London 's Tube began accepting contactless payment. The number of completed contactless journeys has now exceeded 300m. On Friday 18 December, the busiest single day in 2015, a record 1.24 m journeys were completed by over 500k unique contactless cards. In 2016 Erste Group launched an NFC only debit card implemented as a sticker in Austria. It can be used at any NFC supporting terminal for transactions of unlimited amount however for transactions over the floor limit of 25 EUR a PIN is required to confirm the transaction. Security As with all payment devices, contactless cards have a number of security features. Depending on the economic space, there may be a payment limit on single transactions, and some contactless cards can only be used a certain number of times before customers are asked for their PIN. Contactless debit and credit transactions use the same chip and PIN network as older cards and are protected by the same fraud guarantees. Where PIN is supported, the contactless part of the card remains non-functional until a standard chip and PIN transaction has been executed. This provides some verification that the card was delivered to the actual cardholder. Under fraud guarantee standards U.S. banks are liable for any fraudulent transactions charged to the contactless cards. Floor limit Because no signature or PIN verification is typically required, contactless purchases are typically limited to a set maximum amount per transaction, known as a `` floor limit ''. Limits may vary between banks. Economic space Limit Australia No limit For transactions over A $100 a PIN is required. Austria No limit For transactions exceeding € 25 a PIN is required. Additionally for cards produced before 2017 only five transactions can be made without a PIN. Cards issued after December 2016 need a PIN code for transactions over € 25 or a contactless total of € 125. Belgium € 25 For transactions over € 25 a PIN is required. When several contactless payments in a row reach the amount of € 50, the PIN is required. Bulgaria No limit For transactions over 25 BGN ( ~ € 12 ) a PIN is required. Brazil No limit For transactions over R $50, 00 a PIN is required. Canada $ CA100 Limits are completely at the discretion of the merchant 's acquiring bank and the consumer 's bank. There is no law limiting the amounts. However financial institutions limit contactless payments to $ CA100. Chile $12.000 CLP China CN ¥ 1000 UnionPay QuickPass. PIN required unless disabled with bank. Croatia No limit For transactions over 100HRK PIN or signature are needed. Czech Republic No limit For transactions over 500 CZK PIN is needed. For every 3 consecutive contactless transactions PIN is needed. Denmark No limit For transactions over 200DKK PIN is needed. Sometimes PIN is needed anyway to ensure the card is used by its owner. Estonia € 25 Eurozone € 25 In general Finland € 25 France € 20 Can be used up to three times a day. Cannot be used for transactions over € 20. Germany € 25 For each transaction over 25 € or 50 € ( some Visa cards ) a PIN or CDCVM verification is required. Greece € 25 For transactions over € 25 a PIN is required Hong Kong No limit Initially banks, not government, set it for $500 or under, then ( for some banks ) under $1000 ( HKD ), until the limits were removed. Hungary No limit For transactions over 5000 HUF PIN is needed. For every 10 consecutive contactless transactions or if you reach 10.000 HUF PIN is needed. Iceland ISK 5.000 Íslandsbanki has a lower limit of ISK 4.200. For each transaction over the limit, Chip and PIN are required. Also, a cumulative limit of ISK 10.000 between Chip and PIN uses. India Rs. 2000 Above Rs. 2000 Contact chip transaction needs to be done. Ireland € 30 Previously € 15 until 1 October 2015. Italy € 25 For transactions over € 25 PIN is needed Japan JP ¥ 20000 JCB QUICPay and QUICPay+ Latvia € 10 Lithuania € 25 Macedonia, Republic of 750 MKD Malaysia Depends on the bank After RM 250 ( roughly US $50 ), PIN is required. As for debit cards, a contactless limit is set for a maximum usage limit of 4 - 5 transactions and up to RM 250 per transaction before a PIN entry is required to re-enable the contactless feature. Netherlands € 25 For more than € 25 at once or € 50 in a row PIN verification is mandatory. New Zealand No limit For each transaction over NZ $80 a PIN is required. Norway 200 NOK For each transaction over 200 NOK a PIN is required. Poland No limit For transactions over or equal to 50 PLN PIN is required. Portugal € 20 România No limit For transactions over or equal to 100 lei PIN is required. Russia No limit For transactions over ₽ 1000 PIN or signature is required. Serbia No limit For more than 2000RSD PIN verification is mandatory Singapore S $ 100 The current transaction limit for contactless payments in Singapore is S $ 100, although some banks offer higher. Slovakia No limit For transactions over € 20 PIN is needed. For every 3 consecutive contactless transactions PIN is needed. Spain No limit For more than € 20 PIN verification is mandatory Sweden 200 SEK For each transaction over 200 SEK a PIN is required. Switzerland 40 CHF For transactions over 40 CHF a PIN is required. Taiwan No limit Signatures may be required for large purchases. Thailand ฿ 1500 Turkey 50 TL Transactions over 50 TL require PIN entry. Ukraine No limit For transactions over 100 UAH a PIN is required United Kingdom £ 30 £ 20 until 1 September 2015 ; still £ 20 limit on some cards. Sometimes PIN is needed anyway to ensure the card is used by its owner. Some retailers will allow higher value purchases using newer hardware that supports high value purchases if the contactless authentication method is biometric ( e.g. Apple Touch ID used in Apple Pay ) United States of America No limit Predominantly device based ( e.g. Apple Pay ) but will generally ask for signature over $25 - 50 for the few contactless cards available. See also Apple Pay Android Pay Contactless smart card Dashtop mobile Google Wallet Microsoft Wallet Mobile payment Near field communication Proximity card Octopus card OPUS card Oyster card Presto card Samsung Pay Softcard ( formerly Isis mobile wallet ) Vicinity cards References Jump up ^ `` New MasterCard Advisors Study on Contactless Payments Shows Almost 30 % Lift in Total Spend Within First Year of Adoption ''. newsroom.mastercard.com. 2012 - 05 - 03. Retrieved 2013 - 03 - 13. Jump up ^ Dubinsky, Zach. `` New credit cards pose security problem ''. CBCNews.ca. 2010 - 06 - 02. Retrieved 2010 - 06 - 03. Jump up ^ `` FreedomPay makes waves in contactless payment - SecureIDNews ''. Jump up ^ `` McDonald 's testing e-payment system ''. USA Today. 2001 - 05 - 29. Jump up ^ `` First Fully Integrated Contactless Payment System in UK ''. www.paymentnews.com. 2008 - 03 - 26. Retrieved 2012 - 08 - 26. Jump up ^ `` Barclaycard rolls out Oyster payments card ''. Finextra. Finextra. September 2007. Jump up ^ Campbell, Francis. `` Contactless payments taking off in the UK in 2015 ''. mobiletransaction.org. Retrieved 16 December 2015. Jump up ^ `` Key Facts and Stats ''. Archived from the original on July 21, 2010. Retrieved August 6, 2010. Jump up ^ `` Orange and Barclaycard deliver next step in their partnership with contactless co-branded credit card ''. Barclaycard. Barclaycard. January 2010. Jump up ^ `` Barclaycard and Orange unveil pay - by - mobile service by Garry White ''. Daily Telegraph. London. 2009 - 03 - 08. Retrieved 2010 - 08 - 06. Jump up ^ `` Certified phones ''. nfc-phones.org. Retrieved 2015 - 02 - 07. Jump up ^ Villarreal, Alexandra. `` MasterCard, Weve partner to accelerate contactless payments shift in U.K. '' Archived 2016 - 01 - 17 at the Wayback Machine. Bank Credit News. 2 / 10 / 2014. Retrieved 2 / 10 / 2014. Jump up ^ `` Contactless has caught on underground ''. Barclaycard. Barclaycard. February 2016. Jump up ^ `` BankCard Sticker ''. Erste Bank und Sparkassen. Erste Bank Group. January 2016. Archived from the original on 2016 - 08 - 22. Jump up ^ `` Lloyds Bank - UK Bank Accounts - Contactless Debit Cards ''. Jump up ^ `` MasterCard ® contactless ''. MasterCard. MasterCard Australia. Retrieved 18 February 2016. Jump up ^ `` Visa payWave : FAQs ''. Visa Australia. Visa. Retrieved 18 February 2016. Jump up ^ `` Maestro ® kontraktlos ''. Maestro. Maestro Austria. Retrieved 4 July 2016. Jump up ^ http://www.unionpayintl.com/en/enaboutUpi/ennewsCenter/encompanyNews/3002674.shtml Jump up ^ `` Beskontaktno plaćanje - Prihvat kartica - PBZCard.hr ''. Jump up ^ `` Dankortet bliver nu kontaktløst '' Jump up ^ `` Swedbank ''. Swedbank. Retrieved 2017 - 01 - 02. Jump up ^ `` JCB QUICPay ''. Retrieved 5 September 2017. Jump up ^ `` Contactless cards ''. Swedbank. Retrieved 2016 - 09 - 01. Jump up ^ `` Mijlpaal : 100 miljoen contactloze betalingen CCV Holland ''. www.ccv.nl. Retrieved 2015 - 11 - 20. Jump up ^ Boon, Rachel ( 8 February 2017 ). `` Nets payments to go digital and contactless ''. The Straits Times. Retrieved 25 August 2017. Jump up ^ `` Contactless card limit rises to £ 30 as card use surges ''. 1 September 2015 -- via www.bbc.co.uk. Jump up ^ `` Apple Pay 100 % Backed By UK 's Major Banks -- Including Barclays ''. Know Your Mobile. Retrieved 2016 - 05 - 04. External links A Comprehensive Technical Overview of Contactless Contactless.info, archived from the original on April 24, 2014 is designed to provide information for UK retailers that have an interest in Contactless card acceptance ) Blog focused on contactless technologies New credit cards pose security problem, CBC News Chase 's `` blink '' uses RFID Gateway Ticketing Systems UK Integrates Contactless Payment Credit, charge and debit cards Major cards American Express Diners Club MasterCard Debit MasterCard Maestro Visa Visa Debit Visa Electron Regional and specialty cards Bancomat BC Card BCA Card Carte Bleue China UnionPay Dankort Discover EFTPOS Electronic Payment Services ( EPS ) Girocard Interac Isracard JCB Mir MEPS NETS RuPay UATP V Pay Verve Defunct cards Access Bankcard Carte Blanche Choice enRoute Eurocard Everything Laser Rail Travel Card Revolution Card Solo Switch Accounts Payment card number Card enclosure Credit card balance transfer Credit limit Installment credit Revolving account Deposit account Current / checking account Savings account ATM card Debt Cash advance Charge - off Maxed out Interest Grace period Introductory rate Universal default Payment Card not present transaction Chargeback Controlled payment number Dispute Interchange fee Interchange fee Surcharge Security Card security code Chargeback fraud Credit card fraud Credit card hijacking Enculturation Technology Cash machine Chip and PIN Contactless payment Credit card terminal EMV Interbank network Magnetic stripe card Smart card Mobile phones General Features GSM services History Operating system Security Telephony airplane mode Text messaging SMS MMS Spam Tracking Web browsing HTML5 Software Apps Development Distribution Management Cloud computing Commerce Banking Marketing advertising campaigns Payments contactless donating Ticketing Content Blogging Email Gambling Gaming Health Instant messaging Learning Music News Search local Social address book Television Culture Charms Comics Dating Japanese culture Novels Ringtones silent mode Selfie Txtspk Wallpaper Devices Manufacturers 3D phone Camera phone Car phone Feature phone Projector phone Satellite phone Smartphone SIM lock Form factors Bar Flip Phablet Slider Smartwatch Smartphones Android devices rooting BlackBerry 10 iPhone iOS jailbreaking Open - source mobile phones Symbian devices Windows Phone devices Environment and health BlackBerry thumb Driving safety Electronic waste External power supply Phantom vibration syndrome Radiation and health Recycling Law Carrier IQ Use restrictions while driving Legality of recording by civilians Photography and the law Telephone tapping Texting while driving Mobile phones in prison Networking Channel capacity Frequencies Multi-band Network operator list Roaming Signal SIM ( dual SIM ) Standards comparison Tethering VoIP WAP XHTML - MP Generations 0G 1G 2G 3G adoption 3.5 G 4G 4.5 G 5G Jump up ^ `` Swedbank - contactless cards ''. https://ib.swedbank.lv/private/d2d/cards/debit_card. External link in website = ( help ) Retrieved from `` https://en.wikipedia.org/w/index.php?title=Contactless_payment&oldid=821591300 '' Categories : Banking technology EMV Mobile payments Payment cards Payment systems Radio - frequency identification Hidden categories : Webarchive template wayback links All articles with dead external links Articles with dead external links from August 2017 Articles with limited geographic scope from September 2014 All articles with specifically marked weasel - worded phrases Articles with specifically marked weasel - worded phrases from October 2017 All pages needing factual verification Wikipedia articles needing factual verification from January 2018 Articles containing potentially dated statements from December 2014 All articles containing potentially dated statements Wikipedia articles needing factual verification from November 2016 All articles with unsourced statements Articles with unsourced statements from July 2015 Pages using div col with deprecated parameters CS1 errors : external links Talk Search Contents About Wikipedia Català Čeština Dansk Español Français Italiano Монгол Nederlands 日本 語 Norsk Polski தமிழ் Türkçe Edit links This page was last edited on 21 January 2018, at 12 : 09. 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Question: when was contactless payment introduced in the uk
Answer: 2007