http://www.independent.ie/business/irish/banks-to-cut-cash-use-with-wave-of-a-card-2503536.html
The big gripe with card payments is often the time taken for smaller payments. Contactless wireless will significantly reduce till time and accelerate the adoption of electronic payments.
The new "smart card" technology is already operating in Britain. The card will have an overall limit of €15 per item, or €45 overall for small purchases, to reduce the risk of fraud.
For amounts over that, card holders will have to punch in a PIN, as they do at the moment, says Visa's Irish boss Conor Langford. Once they enter their number, they will again be able to use the card for small purchases until they hit the €45 limit again.
Visa already issues 1.3 million debit cards in Ireland. With these, you can only spend what you have in your current account, unlike a credit card.
Mr Langford says there had been strong take-up of the new contactless card in other markets, with the cards especially popular among fast-food outlets, pharmacies, newsagents, taxis and sandwich bars.
It takes just one-fifth of a second to swipe the card in front of a wireless reader,
The big gripe with card payments is often the time taken for smaller payments. Contactless wireless will significantly reduce till time and accelerate the adoption of electronic payments.