The European Association of Co-operative Banks is pleased to announce the publication of a consumer leaflet highlighting the benefits and main features of contactless payments.
The leaflet is the result of a recommendation from the European Retail Payments Board (ERPB) which seeks to improve the awareness of society about this innovative mean of payment. Since 2013, the ERPB is the forum where, under the chairmanship of the European Central Bank, the demand and the supply side of the payments market discuss what is the best way to achieve an integrated, innovative and competitive market for euro retail payments in the European Union.
The EACB, as a member of the ERPB, informs that consumers have now the possibility to use their contactless cards and mobile phones to make convenient, fast and secure payment transactions.
The contactless symbol indicates where it is possible to use contactless: