Limit on contactless payments rises

first_imgContactless payments are set to account for more retail transactions now the upper limit has increased from £20 to £30.The UK Cards Association said the average supermarket shop of £25.17 now fell below the contactless limit, giving shoppers more choice about the way they paid for goods, according to The Grocer.Software allowing for the greater payments started rolling out on 1 September among retailers that already accept contactless payment.Payment processing company Worldpay said that many of the larger stores would be ready to take on the new limit straight away. It said an automated process called a “heartbeat” had started to update all the terminals used by smaller stores early yesterday (Tuesday) morning to increase the amount they were able to take on their Worldpay terminals.Dave Hobday, managing director, said: “Increasing the limit to £30 will only intensify the demand for convenience and speed everywhere we shop.”Retailers are encouraged to contact their point-of-sale device provider for information about upgrading their contactless terminal.MethodData from the UK Cards Association show consumers spent more than £2.5bn on contactless cards in the first half of the year compared with £2.32bn for all of 2014. Spend using the contactless method climbed from £287m a month in January to £567m in June.Does contactless payment have a place in the baking industry? Take our survey to see whether bakers and their customers have embraced this new technology. Create your own user feedback surveylast_img read more

‘My head is in Manchester’ – United goalkeeper rubbishes exit rumours

first_img1 Manchester United goalkeeper Sergio Romero has denied rumours he will return to his former club River Plate in the summer.The Argentine shot-stopper has played second fiddle to David de Gea this season, having made just 10 appearances for the first team.Even if De Gea departs this summer, United are unlikely to promote Romero to first choice, which has left the 29-year-old’s future in doubt.However, Romero has insisted he is content with life at Old Trafford and no move is currently on the cards.“Nobody has contacted me,” Romero told ESPN.“My head is placed in Manchester. In the matches I have played I’ve proved I can do well.” Sergio Romero during training for Manchester United last_img read more