Visa and GALERIA Kaufhof Start Contactless Payments

Visa and V PAY contactless payments are now possible in all German department stores of GALERIA Kaufhof including the Sportarena stores and DINEA restaurants. 3500 new contactless terminals have been installed. This enables customers to pay even more conveniently and faster in the 125 Kaufhof department stores and its subsidiaries in Germany. GALERIA Kaufhof thereby extends its service to a time-saving and customer-friendly alternative: The modern and safe way to pay contributes to ensuring fast cash-point processing.

Contactless payments with Visa are gathering momentum in Germany – Visa Europe and Kaufhof co-operated closely to support this development and we are happy to see that with Kaufhof we have won one of the leading German retailers to support our introduction of contactless payments across the whole of Germany”, says Ottmar Bloching, General Manager of Visa Europe in Germany. More than 1.4 million contactless Visa cards have been issued in Germany to date. Consumers are able to pay contactless and mobile with Visa at more than 1 million cash points in Europe.

Contactless payment ensures advantages in security and comfort

Visa and V PAY cardholders will be able to pay mobile and contactless up to an amount of 25 EUR – without PIN or signature. If the amount is higher, the customer authorizes the payment with their PIN or signature. There is no need to hand the Visa card over, the cardholder just holds it briefly in front of the merchant terminal (maximum distance 4 cm). This offers consumers full control and overview of their expenses. Every single transaction is noted on the monthly Visa card statement. When paying with a V PAY contactless card, the debit card of Visa Europe, the amount will be charged directly to the bank account and will be listed on the monthly account statement.

For consumers it is important that contactless and mobile payments are safe. The Visa Europe payment technology operates exclusively via the chip and not with the magnetic stripe. Visa and V PAY contactless cards can be used immediately without any prior loading. Contactless and mobile payments with Visa are internationally accepted. “We are very happy about the modification of the more than 3500 terminals for the GALERIA Kaufhof GmbH. With Visa Europe’s innovative contactless technology we ensure an even more convenient and faster shopping experience for our customers. Thus we not only invest in the future of cashless payments but also in the satisfaction of our customers”, says Christopher Pansch, IT project manager at GALERIA Kaufhof GmbH.

Retailers benefit from fast cash-point processing

Contactless payments with Visa and V PAY cards are particularly relevant for retailers who mainly process low value payments. The payment is processed in less than one second. Thus contactless payments offer retailers the opportunity to reduce queues. Retailers only need a NFC-enabled terminal and the software to accept mobile and contactless payments with Visa and V PAY. The customer either holds his contactless Visa card or his smartphone with the Visa contactless function in front of the reader – both technologies are identical.

Contactless payments with Visa and V PAY are based on the Visa contactless NFC-technology. This technology is supported in all GALERIA Kaufhof department stores as of October 2013.