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April 30, 2013updated 04 Apr 2017 4:12pm

Contactless & mobile payments debut in Iceland

The international issuing and acquiring service Valitor, has launched contactless and mobile payments in Iceland together with the European e-payments provider, Point.

By Sandra Kilhof

The international issuing and acquiring service Valitor, has launched contactless and mobile payments in Iceland together with the European e-payments provider, Point.

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Certified by VISA Europe and approved by the Visa PayWave standards, the new software is the first in Iceland to enable merchants to accept payments via contactless Visa cards and NFC-enabled smartphones.

"This is a major step towards establishing contactless payments in Iceland," explained Sigurhans Vignir, the executive director of Corporate Solutions at Valitor.

"With this development in place, we can prepare merchants with a pilot phase where Valitor will initiate contactless card and smartphone payments in cooperation with all card issuers in the country, as well as with two of the country’s largest network providers Síminn and Vodafone," Vignir added.

The software is currently in trial with selected vendors to ensure proper functionality before the official distribution.

The software will be available to all acquirers and service providers that use the merchant POS terminals VeriFone Vx820 and Vx680.

 

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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