CHESTER, England, October 29, 2012 /PRNewswire/ --
MBNA and Visa Europe are celebrating a special milestone reinforcing their ongoing commitment to rolling out contactless technology to UK consumers.
Peter Ayliffe, CEO of Visa Europe, and Ian O'Doherty, CEO of MBNA, came together to celebrate the issuing of MBNA's two millionth contactless Visa card in the UK.
"Exactly two years ago today, we set out on a campaign to become one of the UK's biggest issuers of contactless credit cards," said O'Doherty.
"Reaching this special milestone alongside our friends at Visa Europe reinforces that this commitment is as strong as it's ever been. I'm proud to stand alongside Peter Ayliffe and celebrate our collective commitment to supporting the evolution of contactless payments and technology in the UK."
Peter Ayliffe said: "I'd like to congratulate MBNA on this significant achievement. Just like MBNA, Visa Europe strongly believes in the value of contactless payments. So much so that by 2020, I expect the world of payment to have developed so much that half of all transactions over our network will be through a mobile device.
"However, this vision can only be achieved with solid partnerships, so we will continue to work with MBNA and all of our valued partners in the new world of payments to help consumers appreciate the ease, security and value of contactless payments, whether they're made through a card or a phone."
Picture Caption: Peter Ayliffe (right) and Ian O'Doherty celebrate reaching two million MBNA-issued Visa contactless credit cards
About MBNA Europe Bank
MBNA Europe is a wholly owned subsidiary of Bank of America Corporation (NYSE: BAC). For more information, visit the company's website at http://www.mbna.co.uk or Bank of America's website at http://www.bankofamerica.com.
SOURCE MBNA Europe Bank Ltd