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| Contactless card payments limit rises to £20 | Contactless card payments limit rises to £20 |
| (about 1 hour later) | |
| The price limit on purchases made using wave-and-go card technology will rise from £15 to £20 from Friday. | |
| The increase comes shortly before the Post Office starts to add the contactless payment terminals to all of its 11,500 branches. | The increase comes shortly before the Post Office starts to add the contactless payment terminals to all of its 11,500 branches. |
| Customers pay for small items by swiping their debit or credit card across a reader without entering a Pin code. | Customers pay for small items by swiping their debit or credit card across a reader without entering a Pin code. |
| The change brings the UK into line with the eurozone's 25 euros limit. | The change brings the UK into line with the eurozone's 25 euros limit. |
| The rise to the £20 limit will take effect in stores at some stage between Friday and the end of June. | |
| Quick transactions | Quick transactions |
| Contactless technology allows cardholders to press their debit card to a sensor in thousands of UK shops to register a payment. | Contactless technology allows cardholders to press their debit card to a sensor in thousands of UK shops to register a payment. |
| The money is automatically deducted from their bank account or added to their credit card bill. | The money is automatically deducted from their bank account or added to their credit card bill. |
| The technology has been more widely adopted in East Asia, where the chip found in a plastic card is placed in an everyday item such as a mobile phone or a watch. | The technology has been more widely adopted in East Asia, where the chip found in a plastic card is placed in an everyday item such as a mobile phone or a watch. |
| In the UK, the Post Office has announced that it will become the largest adopter of the new technology in Europe. | In the UK, the Post Office has announced that it will become the largest adopter of the new technology in Europe. |
| It will install terminals at 200 branches around the London 2012 Olympics sites from 6 June. The remaining branches across its network will be equipped by the end of October, with 30,000 counters offering the method of payment. | It will install terminals at 200 branches around the London 2012 Olympics sites from 6 June. The remaining branches across its network will be equipped by the end of October, with 30,000 counters offering the method of payment. |
| The Post Office said that Mastercard PayPass and Visa payWave cards would be accepted for most products and services which can be paid for with a credit or debit card at present. | The Post Office said that Mastercard PayPass and Visa payWave cards would be accepted for most products and services which can be paid for with a credit or debit card at present. |
| The only exceptions were purchases for more than £20, or those involving notes or cash, such as bureau de change transactions or when making bank withdrawals and deposits. | The only exceptions were purchases for more than £20, or those involving notes or cash, such as bureau de change transactions or when making bank withdrawals and deposits. |
| It said that the vast majority of purchases came to under £20. | It said that the vast majority of purchases came to under £20. |
| "We are delighted to be delivering cutting-edge technology through the Post Office network," said Lesley Sewell, chief information officer at Post Office Limited. | "We are delighted to be delivering cutting-edge technology through the Post Office network," said Lesley Sewell, chief information officer at Post Office Limited. |
| "Contactless will bring huge benefits to our customers by reducing transaction times." | "Contactless will bring huge benefits to our customers by reducing transaction times." |
| Some shopkeepers have raised concerns that as more people start to use cards, instead of cash, the cost to retailers increases. | Some shopkeepers have raised concerns that as more people start to use cards, instead of cash, the cost to retailers increases. |