Posted on September 14th, 2010 No comments
Contactless payments have been stuck in a chicken-and-egg loop for years: Customers don't use contactless payment cards or NFC-equipped smartphones, so retailers don't see the need to install equipment and promote its use. And without lots of their favorite retailers deploying contactless, consumers have no reason to take it seriously. But on August 31, Cimbal launched a contactless payment system that may finally crack that hardware dilemma—and it may reduce the PCI risk associated with those mobile payments by keeping that data out of retail files.
Read the rest here:
A Breakthrough In The Contactless Payment Chicken-and-Egg Dance?