Bank of Ireland have launched contactless Visa debit cards for their customers, allowing them to pay for purchases of less than 15 euros in under a second. Utilising near-field communications (NFC) the cards are held over a special reader to process the transaction.
If too many payments are attempted in this way though, or if any exceed 15 euros, a PIN will be required. The cards also have exactly the same consumer protection as their predecessors. Quentin Teggin, head of consumer segments at the Bank of Ireland, said:
"This new technology has been firmly embraced in Europe with over 20m cards in circulation and we are delighted to be the first in Ireland to issue Visa debit cards with contactless payment capability."
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