The Co-operative Group has teamed up with Barclaycard to introduce contactless payment in its food stores.
The society plans to trial the system, which allows customers to make purchases of up to £15 without entering a PIN or insert their card into a payment terminal, in 100 stores next year.
If the scheme is successful, most of The Co-op’s stores will have the system installed before the 2012 Olympics in London, which is being billed as a contactless payment event.
“Contactless payment has huge benefits for our customers,” said Mark Hale, the group’s director of food IT. “This innovative technology will mean increased customer choice and faster transaction speed, which will vastly improve the customer experience,”
Barclaycard’s Stuart Neal added: “For a household name such as The Co-op to commit to the technology really shows that it is the future of payments and we are looking forward to working with them to further enhance the in-store experience for their customers.”
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