Payments News

On The Web

nbsp;

Tech

QR Codes Reach the Next Stage of Development for Payments: Fraud Detection

“With merchant adoption of contactless payment solutions accelerating due to the Covid-19 pandemic, Incognia, a provider of fraud-detection applications, announced an app Tuesday to detect Quick Response code fraud.  The application uses location behavioral biometrics to create a digital fingerprint for the consumer’s identity. It uses the buyer’s real-time and historical location behavior to protect […]
nbsp;

Tech

Albertsons unveils contactless payment option at all stores

“Albertsons Pay users can choose one of two new contactless pay options through the just for U app: Albertsons Direct, a safe and secure way for shoppers to pay through their bank, and Albertsons Cash, a stored-value account that can be pre-loaded and used across all Albertsons Cos. stores. After setup, customers simply show the QR […]
nbsp; nbsp;

Tech

Square Adopts QR Codes to Bring Self-Serve Ordering to Restaurants

“Square has introduced a new self-serve ordering feature for restaurants that allows dine-in customers to order and pay for their food through their phones, minimizing physical contact with staff. The restaurant industry has been among the hardest hit by the global pandemic, though this has led to a surge in demand for meal deliveries. As […]

On The Wires

nbsp;

Companies

500 million additional touch-free Visa payments as European contactless limits increase

“Visa announced that it has processed more than half a billion additional touch-free payments, where previously consumers would have needed to use a PIN pad, since contactless limits were increased in more than 29 countries across Europe. COVID-19 has transformed contactless payment from a nice-to-have to a must-have. The ability to pay digitally in-stores is […]
nbsp;

Companies

Visa Tap to Phone Transforms Payment Acceptance for Sellers Worldwide

“As the world increasingly turns to digital payments amidst COVID-19, a simple mobile app can help millions of sellers worldwide quickly and securely accept contactless payments, while improving the checkout experience for customers. After piloting Visa Tap to Phone over the past year, Visa (NYSE:V) today announced product availability in more than 15 markets with […]
nbsp;

Tech

MagicCube Unveils i-Accept the World’s First Software-Based Replacement for Traditional Payment Terminals Supporting Tap&PIN for all four major card networks

“MagicCube , the leader in the new category of Software Defined Trust (SDT), today announced the availability of i-Accept ™, a complete software-based replacement for traditional payment acceptance terminals. Through i-Accept™, acquiring banks and disruptive financial services institutions can now enable their merchants and retailers to accept contactless cards, including those from American Express®, Discover®, Mastercard® and […]
nbsp;

Tech

EMVCo Launches Evaluation Programme to Support Contactless Payment Acceptance on Consumer Mobile Devices

“Technical body EMVCo has launched a pilot testing programme to evaluate consumer mobile devices for contactless payment acceptance. The Early Adopter Programme is open to vendors for functional evaluation of smartphones and tablets that can be used by merchants to take payments, without the need for added hardware, such as a dongle. EMVCo has introduced […]
nbsp;

Tech

Shift4 Payments Launches QR Code Ordering Solution

“Shift4 Payments (NYSE: FOUR), a leading provider of integrated payment processing, today announced a contactless QR code ordering solution for restaurants. This solution provides restaurants with a custom QR code that can be displayed on table tents, placemats, etc. for customers to scan with their phone in order to view the menu and place their […]
nbsp;

Tech

NCR Introduces a New Digital First ATM Platform

“NCR Corporation (NYSE: NCR), a banking software and services leader, announced today the release of NCR’s next-generation ATM software platform, NCR Activate Enterprise NextGen. Available now in the United States, the Activate Enterprise NextGen ATM platform makes it easier and faster to offer new digital services through the ATM by integrating physical and digital for […]