Allied Irish Banks (AIB) is to continue waiving transaction fees for contactless payments on purchases of $30 or less. There had been rumours that AIB was going to bring in a €0.20 ($.22) transaction fee at the end of February, but a spokesperson said the bank has no immediate plans to do so. Presently, Bank of Ireland is the only bank in the U.K. charging for contactless payments. AIB customers are performing more than five million contactless transactions per month, and that figure is expected to rise.
Allied Irish Banks (AIB) is to continue waiving transaction fees for contactless payments on purchases of $30 or less. There had been rumours that AIB was going to bring in a €0.20 ($.22) transaction fee at the end of February, but a spokesperson said the bank has no immediate plans to do so. Presently, Bank of Ireland is the only bank in the UK charging for contactless payments. AIB customers are performing more than five million contactless transactions per month, and that figure is expected to rise.