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Mi-Pay Group Plc

Santander Cycle scheme to accept contactless payments for the first time

Customers using London’s Santander Cycles scheme will be able to use contactless payment cards to hire cycles for the first time from mid-November 2018.

All 775 terminals will be updated to allow customers to hire a cycle using their contactless bank card, rather than using chip and pin, accepting all major UK and international cards. By removing five stages of the payment process, the hiring process at the terminal will be quicker and easier.

 

Founded in 2003, Mi-Pay Group plc (LON:MPAY) delivers fully outsourced online and related payment and fraud management solutions to digital ecommerce clients, primarily in the mobile and digital content sector. Its product offering provides the infrastructure to enable pre-paid mobile devices to be topped up via a variety of channels such as websites, mobile applications and social media applications and customers include Mobile Network Operators (MNOs) and Mobile Virtual Network Operators (MNVOs), additionally managing and indemnifying the data security and payment fraud risks. Mi-Pay sells, integrates and operates its products and solutions on a global basis. 

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