Contactless comes to Austria

Raiffeisen Bank International (RBI) have launched Austria's first contactless cards in partnership with SIX Card Solutions. SIX specialise in payment technology and have created a card which works with Mastercard's PayPass technology, which gives the benefits of fast and encrypted transactions. The cards use near-field communication technology to process payments with a quick tap on a reader. These transactions are limited to smaller ammounts however, so the cards also contain traditional chip and PIN technology so that customer can make larger purchases and use ATMs.