Payments News » Tech

Merchants in Four European Countries to Pilot Dongle-free Contactless Payments on Android NFC Phones

March 18 2020

in
Contactless

“Mastercard has partnered with software-only mPOS startup Phos and Paynetics , an e-money institution with an EU-wide licence which will act as the acquiring bank for the pilot. The 200 merchants taking part will be able to download the Phos app from the Google Play store and have their identity verified “in a fully digital […]

Tech

Amazon Courts Walmart, Target to Join Cashierless Tech Group

March 16 2020

in
Cashierless

“Amazon is making some of the software that underpins its “Go” stores available through an organization called Dent, which has had talks with officials at Walmart Inc. and Target Corp., according to people familiar with the matter. The talks are continuing, the people said, but neither retailer currently plans to participate, according to a person close to […]

Tech

AIB Customers to Be Charged for ‘Contactless’ Payments From May

March 11 2020

in
Contactless

“AIB customers will soon be charged 1c cent for ‘tap’ payments. From May 30, the bank is also introducing a quarterly maintenance fee of €4.50 for current accounts. It is the third bank to charge for contactless payments, following Bank of Ireland and Ulster Bank. The fees could cost customers an extra €80 a year.”

Industry

Germans Switch to Contactless Payments Amid Coronavirus Concerns

March 23 2020

in
Contactless

““More than half of payments currently being made by card are contactless, compared with 35% before the coronavirus crisis hit, according to the German Credit Agency (DK),” the publication says.”

Tech

Demand for Online and Contactless Payments Soars in South Africa Due to Coronavirus

March 24 2020

in
Contactless

“Demand for secure online and contactless payments is surging in South Africa on the back of fears around the spread of coronavirus, with many people reluctant to use cash or to touch point of sale machines. As the number of confirmed cases increases daily, growing numbers of retailers are scrambling to get online payment systems […]

Providers

Microsoft Announces Money in Excel Powered by Plaid

March 30 2020

in
Fintech

“One of the earliest forms of “fintech” is a budgeting spreadsheet. For years, people have relied on Microsoft Excel to budget and track expenses for their personal finances or businesses, typically copying data over from multiple sources. Money in Excel features a Plaid integration and the new capabilities essentially turn the spreadsheet software into a […]

Tech

Santander to Extend Ripple-powered Payments Solution to Mexico This Year

March 31 2020

“Major Spanish bank Santander plans to roll out its Ripple-powered international payments system One Pay FX in Mexico in 2020. In a Form 20-F filed with the United States Securities and Exchange Commission on March 6, the bank revealed that Mexico will be offering the service in early 2020.”

Tech

Coronavirus Has Led to a 775 Percent Increase in Usage of Microsoft Azure Cloud Services

March 30 2020

in
Cloud computing

“This weekend, Microsoft has given an insight into the impact the coronavirus pandemic has had on its services. The company says that there has been a huge increase in Teams usage, and there are not over 44 million daily users. In regions where there are isolation and home sheltering orders in place, Microsoft says that […]

Industry

Mastercard: 29 Countries Have Now Agreed to Raise Their Contactless Payment Limit

March 26 2020

in
Contactless

“Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says.” Includes a table by NFCW summarizing these increases around the world.

Tech

ACI Worldwide Launches Advanced Machine Learning Capability to Dramatically Reduce Payment Fraud for Banks and Merchants and Their Customers

March 13 2020

in
Machine learning (ML)

“ACI Worldwide (NASDAQ: ACIW), a leading global provider of real-time electronic payment and banking solutions , today announced the launch of its new Incremental Learning technology – an innovative industry-first approach to machine learning that will enhance fraud protection for merchants and financial institutions and their customers. ACI has filed a patent application for its […]