Yo Sushi has found that the £10 limit greatly reduces the number of transactions it takes and it also said that the lack of portable contactless terminals was a problem as was the accreditation process.[From Payments Industry Thoughts: London Contactless Payments Stuttering]
Yet I’m sure I detected more enthusiasm from some of the bigger retailers who were thinking about setting aside under £10 terminals or lanes.
Sainsbury’s is to start a contactless payments trial as part of a multimillion-pound revenue protection programme. The retailer is selecting a vendor for the in-store reading equipment and will begin testing the devices in the coming weeks. “The introduction of chip-and-PIN has reduced the number of card-based scams considerably, but we have seen a substantial increase in cash fraud,” said Sainsbury’s national crime and investigations manager Phil Wilson.[From Sainsbury’s checks out secure payments systems – 08 May 2008 – Computing]
That’s a perspective I hadn’t looked at for a while. Since there is a fair bit of theft in the retail world — I think they call it shrinkage — reducing the amount in the till also reduces the amount of cash being pilfered. Another line in the business case.