Poundland pilots contactless payment
Commidea, the leading card payment processing solution provider, has announced a trial with Poundland to upgrade its integrated EPOS payment solution with contactless technology, using Barclaycard as the merchant acquirer. This means that customers can present their contactless enabled credit or debit card to a reader to make a purchase of £10 or less, without the need to enter a PIN code.
Contactless Payment DatasheetPoundland first implemented its Chip & PIN terminals two years ago. The solution, provided by Commidea, is a managed service which is pre-approved by the banking industry and meets all PCI DSS compliance standards. Poundland saw an increase in overall customer spend following its Chip & PIN deployment and hopes to build further on this success with the contactless solution.
Poundland is trialling the Verifone QX110 contactless terminal in its Dalston and Hammersmith stores, which are based in London. The technology is expected to speed up transaction times and shorten queues as cardholders simply need to touch their card against the reader instead of entering a PIN or signing. The objective of the trial is to understand the opportunities for deploying contactless technology across all of Poundland’s 250 stores.
“Commidea’s solution was selected for its simple integration with Poundland’s existing Chip & PIN terminals and for its PCI compliance,” said Mo Rahman, IT Services Manager, Poundland. “The contactless payment trial will enable us to offer alternative payment options and improved service levels, so that customers can purchase their goods quickly and conveniently.”
“Poundland is a great example of a retailer who is bucking the trend and seeing an increase in customer numbers in these challenging times” said Ian Rutland, marketing and communication director, Commidea. “Many consumers are migrating to discount stores in a bid to beat the current economic climate. We are delighted that Commidea can provide a solution to help meet customer demand.”
Richard Wagstaff, Contactless Payments at Barclaycard comments: “This fully integrated system will open up the doors to contactless for a huge number of retailers. The technology can process payments in less than half a second, which is great news for both Poundland and its customers. We look forward to our continued work with Commidea in the future to help more retailers sign up.”