The convenience store chain Spar has introduced contactless payment technology to speed up service and benefit...
from lower transaction costs.
By using cards enabled with the technology, customers are able to pay for purchases costing less than £15 without entering their Pin code.
The implementation follows Spar's roll-out of a point-of-sale system across its 2,600-strong store network, which began in 2008. The contactless capability is a feature of the POS platform rather than a standalone system and this is claimed to be a first in the convenience store sector.
The integration of the contactless feature goes some way to reducing transaction costs for debit cards making it up to 40% cheaper in comparison to standard debit transactions, as well as allowing quicker service, according to the retailer.
Other advantages of the system include reduced requirement for training and fewer errors from having to re-enter transactions as well as more accurate reconciliation of payments taken through the POS.
The firm's Haymarket store in London already offers the payment option and the implementation across the other stores is ongoing.
The system was provided by Business Computer Projects.