VeriFone Systems has announced that it is providing the merchant payment solutions to support a contactless payment trial in Mexico City by the Mexican bank Banamex.

Banamex is implementing a full-scale contactless payment deployment. In the first phase, several thousand VeriFone contactless-enabled card acceptance systems will be deployed to 1,900 merchants in the Mexico City metropolitan area. The bank is also issuing 100,000 contactless credit and debit cards.

The bank will deploy the VeriFone VX 520 to merchants who use traditional standalone countertop systems, and the VX 820 advance PIN pad to larger retailers that integrate payment systems to electronic cash register systems.

By end of 2012, the bank expects to have issued 1 million contactless cards and to have deployed 12,000 payment acceptance systems. For purchases of less than 250 pesos (approx. US$15), contactless payments wont require a signature by the customer.

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