New ways to pay

Contactless payment, also called 'wave and pay' or 'tap and go', offers consumers a different method of paying for lower-valued goods, at £20 and under. Transactions require close and sometimes physical contact using a contactless-enabled card or near-field communication (NFC) smartphone over a contactless reader. In 2011, Barclaycard and mobile network operator Orange claimed to be the first to have jointly launched an electronic wallet service, dubbed Quick Tap. users can transfer funds of up to £100 onto the handset and make payments of £15 and under in a single transaction. Samsung and Visa unveiled that all next-generation Samsung smart devices will feature Visa's 'PayWave' app, enabling consumers to 'wave and pay'. POS vendors NCR and PayPal have together launched a mobile payment app, Mobile Pay, which will integrate PayPal's digital wallet technology into NCR's Aloha online ordering software, specially designed for restaurant goers.