[IMGCAP(1)]

Italy-based Credito Vatellinese will test a Visa-branded V Pay debit card that has a contactless application, making the bank the first in Europe to issue such a card, Visa Europe says in statement. V Pay cards are chip-and-PIN debit cards designed in response to the European Commission's efforts to create a single euro payments area. The card, called "Tellcard," enables consumers to make contactless purchases of up to 15 euros (US$23.80). The bank will test the card with some 7,000 cardholders and 150 merchants in "the urban areas of Sondrio, Chiavenna, Morbegno, Tirano and Bormio," Visa Europe says in a statement. In related news, Visa said Australia-based bank ANZ will test a contactless Visa-branded debit card at ANZ Stadium in Sydney on Saturday. About 2,000 consumers will use the payWave-enabled cards during the Bledisloe Cup rugby match. Cardholders involved in the test will receive cards loaded with AU$25 (US$24.40 or 15.35 euros) for food and beverage purchases, Visa says.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry