Contactless payment will not be available on the Underground until the end of 2013.
Discussions are also under way with the train operating companies that serve London about accepting contactless payment cards where Oyster is currently accepted.
Among the topics covered in the report are the rise of payment platforms, the mobilization of money, and the advent of contactless payment in mobile commerce.
FORBES: Anti-Fraud Is Big Opportunity For Google, PayPal, Amazon
Already major payments providers like Visa are pushing Near Field Communications (NFC) payment solutions hard - a raft of contactless payment systems is beginning to hit the market.
BBC: Viewpoint: The end of High Street banking as we know it
Now a study released by MasterCard shows that consumers may spend up to 30 percent more with the new contactless payment methods than they do with credit cards.
The MasterCard study took some of their customers and divided the accounts into low, medium and high spend segments based on their monthly spend prior to introducing the contactless payment methods.
One of the next big things was Radio-frequency identification (RFID) contactless payment technology, which was said to provide a simple method of payment that could reduce time spent in checkout lines.
FORBES: Have We Seen The Last Of Credit Cards As We Know Them?
And passengers are being warned to be careful about swiping their wallet against readers if they own more than one contactless payment card as the reader will reject all of them.
DeviceFidelity and Visa collaborated to combine Visa's contactless payment technology, Visa payWave, and In2Pay technology to transform a mobile phone with a microSD memory slot into a mobile contactless payment device.
ENGADGET: In2Pay is the name of Visa and DeviceFidelity's money-grubbing iPhone case
But the contactless payment system will not include daily price capping, which means if it is used several times in one day it will not stop charging once a passenger reaches the cost of daily travelcard.
Available in all form factors for 2G, 3G and 4G handsets, the UpTeq NFC supports contactless payment and other secure services via AMEX ExpressPay, MasterCard PayPass and Visa payWave, providing unmatched flexibility to service providers and end users.
ENGADGET: Gemalto adds AMEX, Mastercard and Visa certs to its UpTeq NFC SIM
DeviceFidelity, Inc. today announced the availability of its In2PayTM solution for iPhone, designed to enable iPhone users to make contactless transactions, such as Visa mobile payments, by simply waving the iPhone in front of a contactless payment terminal.
ENGADGET: In2Pay is the name of Visa and DeviceFidelity's money-grubbing iPhone case
Applications include contactless transactions such as payment and transit ticketing, keys, data transfers including electronic business cards, and access to online digital content.
ENGADGET: Yale demos NFC-enabled residential locks, germaphobes rejoice (video)
Today's announcement extends this functionality to iPhone and has the potential to accelerate the adoption of mobile contactless payments globally, especially in geographies where merchants have already upgraded payment terminals to accept contactless transactions.
ENGADGET: In2Pay is the name of Visa and DeviceFidelity's money-grubbing iPhone case
The way it works: consumers touch a payment device (which is in the form of either a plastic card or a sticker that can be applied to a mobile phone or any personal item) to a Zip-enabled contactless reader to make a payment.
"Paypal has realised that you don't have to have contactless NFC technology to make a mobile payment in a store, " Forrester's research director Benjamin Ensor told the BBC.
"Tim Hortons invested in new payment terminals for nearly all of our Canadian restaurants to allow contactless and mobile payments, " said David Clanachan, Chief Operating Officer, Tim Hortons.
Later this month, using the CIBC Mobile Payment App, Canadians will be able to hold select Rogers smartphones up to the Tim Hortons contactless PIN pad and make purchases quickly and securely directly onto their CIBC Visa or CIBC MasterCard.
应用推荐