Mellon Technologies Supports the First Large-Scale Contactless EMV Deployment in Greece
Summary
The biggest advantage of contactless payments is the transaction speed –by simply holding a contactless-enabled card over a reader, without entering a pin or signing a slip.For merchants, the acceptance of contactless cards for small-value purchases of up to €25, will significantly increase security as it minimizes the need of keeping cash at the till, whereas it will greatly facilitate the transaction process as there will be no need for change.We do not however expect to see a widespread adoption before the middle of 2013, mainly due to the large number of small retailers that are dispersed even at the most remote areas of the country.For merchants, the acceptance of contactless cards for small-value purchases of up to €25, will significantly increase security as it minimizes the need of keeping cash at the till, whereas it will greatly facilitate the transaction process as there will be no need for change.“This project marks the beginning of a new era for payments in Greece.We do not however expect to see a widespread adoption before the middle of 2013, mainly due to the large number of small retailers that are dispersed even at the most remote areas of the country.
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