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NFC-enabled iPhone welcomed, but Card Payments Industry calls for National NFC step change

Responding to the announcement this evening from Apple Inc that the new iPhone 6 will be NFC (Near Field Communication) enabled, Richard Koch, Head of Card Payments at The UK Cards Association, said:
“We are delighted that the new iPhone will extend the benefits and possibilities of NFC to a whole new group of consumers. The exciting developments that allow acceptance of contactless payments on the London transport system demonstrate the role that NFC can play in making payments faster and simpler.

The card payments industry has a great track record of deploying innovation on a mass scale, and has been working with partners from a number of industries to achieve this. We see a growing trend in retail to use a combination of face-to-face payments alongside digital payments. Collaboration between various industry sectors will be crucial to ensure mass adoption’.

Notes to editors:

About The UK Cards Association:

The UK Cards Association is the trade body for the card payments industry in the UK, representing financial institutions which act as card issuers and acquirers. Members of the Association account for the vast majority of debit and credit cards issued in the UK - issuing in excess of 55 million credit cards and 95 million debit cards - and cover the whole of the payment card acquiring market.

The Association promotes co-operation between industry participants in order to progress non-competitive matters of mutual interest; informs and engages with stakeholders to shape legal and regulatory developments; develops industry best practice; safeguards the integrity of the card payments industry by tackling card fraud; develops industry standards; and co-ordinates other industry-wide initiatives such as those aiming to deliver innovation. As an Association we are committed to delivering a card payments industry that is constantly focused on improved outcomes for the customer. More information about The UK Cards Association is available at www.theukcardsassociation.org.uk

For further information contact the press office on 020 3217 8436 or press@ukcards.org.uk

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