New Zealand-based retailer Foodstuffs is launching Visa payWave’s contactless payments to its retail stores.
Foodstuffs owns 700 stores, including the brands PAK’nSAVE, New World and Four Square stores, which together operate 3,500 terminals.
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The cooperation between Visa and Foodstuffs enables customers to pay for their shopping using any credit, debit or prepaid card enabled with Visa payWave technology.
Cardholders can use their Visa payWave card to make purchases under £47 ($80) without the need to sign or use their PIN, and enter a PIN for any transactions over £47.
Visa payWave cards have an embedded antenna and microchip, enabling contactless communication with the checkout terminal.
From there the transaction is processed through the same network used for all Visa transactions.
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By GlobalDataVisa also continues working on its mobile payment program, including an option to host Visa payWave enabled accounts in a virtual cloud in the future.
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