Payments by contactless cards already in Latvia

Woman paying with NFC technology on credit card in supermarket We are glad to announce that customers of Latvia‘s „Maxima“, „Rimi“ and „SuperNetto“ stores have possibility to pay by using contactless payment cards. As for now customers for low value purchases (up to 10 euro) can pay just by tapping the contactless payment card to the card reader.
Payments by contactless cards are processed faster as customers in most cases do not need to enter PIN code. The new way of payment is secure as regular payments, but once in a while customer needs to enter PIN code even when the payment sum is under 10 euro according to VISA, MasterCard and banks security requirements.
The quick and convenient way of payment is very important both for customer and merchant, thus we believe that this innovation will quickly become regular customers’ payment method. We are pleased that during the first week of service provisioning there were made more than 5 000 successful contactless payment transactions.
In the nearest future we are planning to offer possibility to pay by contactless payment cards for customers of “Rimi” and “Maxima” in Lithuania and Estonia.

Swedbank Card Payment Forum 2016

Swedbank Card Payment Forum (web) (124)(2) On 3rd of November EPS LT participated in the 8th Swedbank Baltic card payment forum that was held in Riga.
During the event Swedbank representatives and guest speakers shared their experiences and insights about:
– innovation in payment services market;
– contactless payment technology;
– regulation of payment market and related changes;
– overview of the economic situation in Baltic region and forecasts for 2017;
– future technologies in the retail market.

EPS LT team this year introduced the following solutions:

– the possibility to pay tips by bank card;
– product tree solution implemented and used by the Customs of Lithuania and Kaunas City Municipality;
– fuel card solution that allows to create a partnership between several service providers operating in different countries.

This event provides an excellent opportunity for the participants to get acquainted with the newest bank’s partner’s services and innovative equipment and share relevant information.
(Photo by Joanna Jõhvikas)