Compass Group North America to accept Visa payWave
Published:06-March-2009
By Datamonitor staff writer
Transactions use a micro chip embedded in the card to send payment information to the point of sale reader
Compass Group North America, a foodservice and support services company, has announced that it is accepting Visa payWave, a feature on Visa cards that enables cardholders to make a purchase by holding their Visa payWave-enabled card near a secure reader at checkout instead of swiping it.
Throughout 2009, Compass Group North America will deploy Visa payWave-accepting ViVOtech 4500M contactless readers at check-out lanes across its foodservice locations.
According to Compass Group North America, Visa payWave transactions use a micro chip embedded in the card to send payment information rapidly and securely over an extremely short distance to the point of sale reader. All other aspects of the contactless transaction are handled in the same way as a traditional credit or debit payment transaction.
Stephanie Ericksen, senior business leader of product deployment for Visa, said: "Visa is pleased to be working with Compass Group North America to deliver the next generation of payment technology. Visa payWave enables merchants to offer greater choice in payments, as well as speed and convenience at the point of sale - a great win for both merchants and cardholders."
