The following figures are from http://www.guardian.co.uk/money/2006/sep/29/consumernews.technology by David Howell 29/09/2006
The average debit card transaction in 2006 was £41.40. The average credit card transaction £59.48. This would suggest that consumers are not using there 141,600,000 payment cards for purchasing everyday items such as a loaf of bread, newspaper or pint of milk. Some retailers state minimum values for card purchases as the retailers could pay more in card transaction fees than the profit they would receive from the goods. To become a cashless society would mean retailers need to be happy to accept card payments for a chocolate bar for example. The Oyster card was a possible solution, and with over 6,000,000 issued, could dominate the low transaction value market, but unfortunately, excluding London, is not wide spread. Nokia has done a number of pilots in conjunction with APACS (the UK payments association) on a payment by mobile phone system, which as long as the transaction charges are low, could be a big player in the small transaction market as almost everyone today carries a mobile phone, and some of these would not carry a wallet! Systems already inplace includes the Oyster card, and sQuid, but unfortunatly, these are still not wide spread. The sQuid card can currently only be used in Bolton but will soon be available in Dundee. In Bolton, there are 67 retailers listed on the sQuid website who take sQuid cards.
Can the UK ever be a cashless society? We carry less cash today, and would only normally use cash for low value transactions, but could there be a day we could walk into a shop in any Village, Town or City, pick up a pack of crisps, wave our hands a bit, and walk out without been arrested? Would an Oyster or sQuid card be more convenient than a mobile phone, and would you prefer to use your existing card even if the new technology was available.
Tags: Open discussions on Card Payments
Here is where you can discuss all aspects of Cards, Card Payments, Card payment devices. Feel free to start a discussion.
Moderator
Tags: Open discussions on Card Payments
Welcome to The Chip & PIN Blog.
The purpose of this blog is to discuss all aspects of Chip & PIN including how it works, how secure it is, how to make over the phone payments more secure, technical support, and any other queries, including future technologies such as ‘Touch and Pay’ similar to Oyster cards.
Thank you for looking,
The Moderator.
Tags: Introduction
June 26th, 2008 · Comments Off
This is split into 3 sub catagories.
Tags: Support
Mobile credit card terminals connect in one of three ways. Via mobile telecomunication networks using GSM or GPRS, Wifi connecting to a wireless router with a broadband connection, and Bluetooth which will talk to a base unit plugged into a standard telephone line.
Many mobile telecomunication problems can be resolved by turning the terminal off, removing the sim, cleaning the sim, re-seating, and turning back on. Signal related problems can usually be resolved by changing network providers.
Many Wifi problems can be resolved by turning the router off for 30 seconds, then turning back on.
Bluetooth terminals use a standard telephone line, so can not connect if the line is in use. Many other problems can be resolved by turning the terminal off, sitting near the base, and turning back on again.
The Moderator.
Tags: General
The Sagem EFT930 is available in two versions. The EFT930G (using mobile telecomunications) and the EFT930B (using Bluetooth and a docking station plugged into a standard phone socket).
Any terminal problem is recorded on the receipt as a DIAG code underneath the amount such as DIAG93. This DIAG code can be used to narrow down the problem.
Tags: Sagem EFT930
The Thyron MPT 500 series is available as two versions. The MPT501 (using mobile telecomunications) and the MPT511 (connecting to Broadband via a Wifi connection).
Every transaction receipt has a diagnostic code in the bottom right corner such as D00H00. This code will point out any technical/ signal problems with the terminal.
Tags: Thyron MPT500
