If, like me, you attended the recent Retail Solutions event in London you would have seen stands promoting contactless payments. I've reviewed this technology in its own right in previous newsletters and highlighting the benefits: speed of payment, zero cash handling costs for the merchant, convenience for the consumer, blah, blah.
Contactless payments was the hot topic at Retail Solutions this year, seen on stands as varying as Visa’s, Barclays as well as the hugely popular ‘Store of the future’ stand from Fujitsu (Radio One managed to omit that fact too and focussed on their excellent ‘does my bum look big in this’ mirror).
It seems that contactless is the word of the week in the payments industry, everyone is talking about it, but no one is quite sure what they are going to do about it, I guess everyone is waiting to see who jumps first.
I made three mistakes this weekend, the first was agreeing to go shopping with my wife, the second was opting to drive into central London on a drizzly day near Christmas and the third was entering one of London’s biggest department stores on a drizzly day near Christmas.
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