Visa Europe predicts contactless payments will become mainstream in the UK with 20 mill... - 1 views
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Alexandra Givner on 17 Jan 12This article, posted on the Visa website discusses how McDonald's UK plans to implement a new type of payment method for customers. This "cash free" payment methods allows for customers to use only debit or credit cards and pay up to 15 euros. Visa states that it is a quick and easy way for customers to purchase a coffee or lunch at a fast food establishment. As stated in the article, this form of payment helps companies save money with regards to operating costs and improves risk management because less cash is available at the restaurant. In my opinion, I believe this is a quick and convenient way for customers to get in and out of the restaurant - which is essentially what a fast food establishment caters to do. The down side of this new hardware addition to McDonald's is that it may reduce the amount of jobs in each store because the computers will be able to do the work, humans once did.
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gaby bestulich on 18 Jan 12To me this is just a given. Of course contactless payments are going to increase. They already are especially in big cities where everyone is always on the go. I know that I barely ever have cash on me. I end up having to run to an ATM. Paying with cards is the easiest and an fastest way of paying for things.
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Melissa Krajewski on 19 Jan 12I agree with both comments. I just wonder why they cap the amount to £15, which converts to $19.25. Is that to encourage individual transactions? To clarify, the only thing I can think of is they are trying to discourage people from purchasing for others. But that doesn't really make sense since the purpose of contactless payments is increasing convenience for the customer who wants to make on-the-go purchases and thus increasing profit for the business. Just something I was wondering.