Customer convenience and simple merchant maintenance were two reasons why payment-terminal vendor Ingenico developed a contactless PIN pad that is the first device MasterCard Worldwide and Visa Inc. have approved to read magnetic stripe, smart and contactless cards and Near Field Communication phones, Gregor Rankin, Ingenico UK solutions introduction manager, tells CardLine Global. The France-based company will begin selling the i3070 contactless PIN pad to London retailers in the next couple of months, according to Rankin. Rankin says Ingenico initially will work with its bank customers that have large retailers as clients. Most payment terminals have a life cycle of five to eight years, so Ingenico wanted to develop a device that was "future proof" in that it will accept various card payment forms, Rankin says. "We try very hard to look into the future of the market," Rankin says. "We didn't want to have a terminal be deficient in that five- to eight-year timeframe." Rankin says the device will be simple to maintain. Rankin believes consumers ages 18 to 25 will help drive contactless payments. He also believes the emergence of startup companies looking to leverage contactless technology will lead to "critical mass" use of contactless cards. "The launch of contactless has not been very rapid, however," Rankin says. But "when the cardholders see the convenience of it, they adopt," he says. Ingenico also is confident in the direction of NFC phones, Rankin says. "Visa says we'll see a ramp up of NFC starting next year," he says. "And again, NFC comes back to the young demographic."