Foodstuffs intends to make Visa payWave payments available to its members, who collectively operate 3,500 terminals in 700 stores including PAK’nSAVE, New World and Four Square stores.
Visa and Foodstuffs have collaborated to offer customers the option to pay for their shopping using any credit, debit or prepaid card enabled with Visa payWave technology. Cardholders will be able to wave their Visa payWave-enabled card in front of the payment terminal to make purchases under $80 without the need to sign or use their PIN, and enter a PIN for any transactions over $80.
Foodstuffs New Zealand Managing Director Steve Anderson confirms contactless payments will start to be rolled out at Foodstuffs stores in late 2014 as the new technology at checkout lanes is installed. Following this, PAK’nSAVE, New World and Four Square customers will begin to see Visa payWave information and instructions at their local stores.
“We are always striving to provide the best possible shopping experience for our customers. Contactless payments are steadily growing in New Zealand and we have seen them significantly embraced by consumers in other parts of the world. We believe this new technology will provide shoppers with an easier, faster and more convenient experience at the checkout,” says Anderson.
Visa payWave cards have an embedded antenna and microchip, enabling fast and secure contactless communication with the checkout terminal. From there the transaction is processed through the same secure network used for all Visa transactions. Visa payWave transactions are also processed three times faster than cash payments.