Introduction
Contactless payment systems have evolved into a popular method of payment across the United Kingdom and internationally (CPSS 2012). Many merchants, including ExxonMobil, McDonald’s, Burger King, AMT Coffee, Tesco, Subway and other notable members of the hospitality, production, energy and other industries accept this form of payment (Anderson 2015). The most influential members of the international financial community, including MasterCard, Citibank, American Express, JPMorgan Chase, Barclays Bank, Visa and other institutions, involved in banking and financial sector, power the system (Dapp 2012; Chaudhyry 2012). The commentators anticipate that by 2020 every third transaction online and offline will be ...