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MBNA Europe Bank Ltd. will be issuing some 5 million contactless credit cards to its customers in the United Kingdom as part of a two-year initiative the Bank of America Corp. subsidiary announced on Oct. 29.
A BofA representative declined to comment on the rollout, which will involve cards carrying both the Visa and MasterCard brands. Consumers who use the contactless feature may make purchases of up to [pound]15 (US$24 or 17 euros) without having to use their PIN.
MBNA wants to "support the evolution of contactless technology in the UK," Ian O'Doherty, Europe card...