- 30,000 counter positions in its 11,500 UK branches will receive contactless terminals
- Customers will also be able to pay using Near Field Communication (NFC) equipped mobile phones
HSBC Merchant Services LLP, a wholly-owned subsidiary of Global Payments and one of the largest independent payment processors in the UK, is set to deploy contactless payment solutions to all Post Office® branches in the UK.
This follows the announcement that HSBC Merchant Services won a tender to supply payment solutions to the Post Office® in November. HSBC Merchant Services successfully rolled out a number of contactless payment systems in the UK in 2010, including QPR football stadium at the start of the year.
All 11,000 Post Office® branches in the UK will be provided with contactless terminals to allow customers with MasterCard Paypass and Visa PayWave cards to make payments under £20.00 in a couple of seconds, speeding up queuing times. Customers will also be able to pay using NFC equipped mobile phones.
Chris Davies, MD of HSBC Merchant Services said: “We are incredibly excited to embark on this record-breaking project with the Post Office®. Contactless payments are becoming increasingly popular with today’s consumers and we expect to see the technology being introduced to more businesses and sectors in 2012. We also look forward to working with the Post Office® to develop further new products and solutions for their business in future.”
The roll-out is expected to be completed by the end of 2012 and will be the largest deployment of Contactless Technology in Europe to date.
HSBC Merchant Services is one of the few major card processors offering innovative one-stop technology solutions tailored to a wide-range of businesses, including small and large retailers with mobile terminal needs, contactless technology and e-commerce traders.