No thanks, stay here.  

  We notice you are visiting from a U.S. Internet provider. Switch to our U.S. website.

Industry News

McDonald's in the UK to accept contactless payment by 2012

By Kristen Lawrence

12/05/2011 - Contactless payment is one of the fastest growing trends in the credit card industry, especially in Europe.

Among the companies that have been trying to quickly adapt to the swipe-free method of payment processing is McDonald's in the United Kingdom. Computing.co.uk reports that all McDonald's in the UK will accept the contactless payment method by the end of May 2011.

Mark Fabes, the IT director for McDonald's in the UK, said that he expects the move to put the franchise in a better position in the years to come.

"The number of cards with contactless capability among the customer base at the moment is low," he said in an interview with the source. "But we recognize that contactless near field communications capability will soon be in many customers' hands. We believe that having this technology now will help drive people into our restaurants."

Contactless payment systems are being adopted all over the world. In a recent statement, MasterCard said that it was hoping to make its PayPass tap-and-go payment system a standard feature in New Zealand by 2012. 

Related News - Credit Card Processing

NRF announces 22 months of growth for retailers

17/05/2012

The National Retail Federation (NRF) recently announced that despite slowed consumer spending in April, retailers have now experienced 22 consecutive months of sales growth.

Full Article

Canadian Tire reports profit increase

11/05/2012

Canadian Tire, one of the country's largest retailers, recently reported strong gains in revenue and same-store sales for the first quarter, according to Reuters.

Full Article

Mother's Day gifts expected to drive consumer spending

07/05/2012

According to the Bank of Montreal's (BMO) 2012 Mother's Day Survey, 73 percent of consumers plan on buying gifts for their mother's this year, driving sales at retailers' and restaurants' point-of-sale terminals.

Full Article

Tips for businesses to encourage payment processing

07/05/2012

Return policies are actually quite problematic for merchants, especially those selling products and services online, according to Internet Retailer.

Full Article