Yesterday, AIB Merchant Services announced that they will be launching their 1st contactless payment terminal. This will be part of the next generation of tap and go payment checkout systems, competing with merchant equipment the likes of the Vivopay 4000. Many industry pundits are predicting that in the future chips will be placed within people’s smart phones making the phone a tap and go payment device, a mobile wallet, a phone, and small PPC all wrapped up into one. AIB is just one of the companies tapping into the growing merchant services processing tap and go trend.