Z targets tap and pay system

Last updated 10:47 26/03/2013

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Z Energy will today begin adopting "contactless" payment technology that should slash the time taken by customers to pay at the till.

From the end of May, motorists with Visa "Paywave" and Mastercard "Paypass" payment cards will be able to pay for petrol and other purchases of up to $80 at all Z Energy's 205 service stations by "tapping" their card against a payment terminal, without having to enter a Pin or sign a receipt, the company said.

The technology is being rolled out store by store, starting today with Z's store on Constable St in Newtown, Wellington.

BP spokeswoman Emily Watts said it began accepting contactless payments in some of its stores in November.

A spokesman said it completed the roll-out to all 80 BP-owned and operated service stations two months ago.

The $80 limit for Pin-free transactions is set by Visa and Mastercard.

Z spokesman Tim Dryburgh said the average value of a purchase at its stores was about $55 and probably fewer than a third were over $80. People could still make purchases over $80 using a contactless card. "All that will happen is they will be prompted to enter a Pin."

Z said contactless payments took about a third the time of paying by cash and a quarter the time of normal card transactions, so the technology should cut queues for all.

The company has spent about $12 million upgrading its point-of-sale systems to pave the way for this and other improvements.

ASB, ANZ and BNZ offer credit and debit cards with Paywave technology, however Visa will not say how many Paywave cards are in circulation.

Dryburgh said Visa had been more "aggressive" than Mastercard about contactless payments and there were fewer Paypass cards in circulation.    

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- BusinessDay.co.nz


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