Payments News

On The Web

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Tech

Will There Be a Need for Credit Cards in Five Years?

“Some experts say reports of the credit card’s death have been greatly exaggerated. Cards aren’t going away soon, they say, and neither is the credit-card account, which consumers value and are comfortable using. Others say credit cards won’t be needed in five years because mobile payments are more convenient, cheaper and more secure.”
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Tech

Fingerprint Cards introduces new generation fingerprint sensor

“The new single-chip, single-die solution eliminates the need for a companion chip while delivering the performance benefits of the dual-chip platform. Apart from improving performance, the third-generation sensor also simplifies the OEM design process and supports easy hardware integration in applications like smartphones, the company claims.”
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Tech

LoopPay tokenized payment device for Samsung Pay

“Today, a tokenized payment device for Samsung Pay shows up at FCC. The product is called LoopPay TPD or LoopPay Valet and has model number SP-TPD02. The compact transceiver (5.9×3.7x4mm) supports MST and NFC technologies. It is small enough to hang on a bunch of keys. The device is controlled by a companion app over a Bluetooth Low Energy connection.”
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Global

Israel first Middle East country to accept Alipay

“Israel Credit Card and OneBill will be cooperating with Chinese payment market leader Alipay to facilitate payments for Chinese visitors to Israel. The availability of Alipay means Israel becomes the first country in the Middle East in which it can be used for in-store payments. This follows Alipay’s extensive international expansion in recent years. The […]
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On The Wires

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Tech

WEX Inc. Introduces Proprietary Payments Solution for Mixed Fleets: Cross Roads™

“WEX developed Cross Roads with mixed fleet customers to create one of the first fully closed-loop networks across retail and high-speed diesel locations. The offer combines all the benefits WEX cards are known for – competitive pricing, integrated reporting and convenience, matchless product controls and the largest proprietary network of accepting merchants – plus thousands […]
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Tech

CPI Card Group Demonstrates Metal and Dual Interface Prowess at Secure Technology Alliance Payments Summit & ICMA Expo

“CPI Card Group® (Nasdaq: PMTS, TSX: PMTS) (“CPI” or the “Company”), a global leader in financial and EMV® chip card production and related services, today announced a set of activities planned during the co-located Secure Technology Alliance (STA) Payments Summit and International Card Manufacturing Association (ICMA) 2018 Card Manufacturing & Personalization EXPO, held March 26-29 […]
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Tech

Worldnet Completes First EMV Level 3 Certification of ID TECH’s VP8300 to First Data

“Worldnet, a leading provider of omni-channel payment solutions and ID TECH, the global leader in payment peripheral technology have completed the first EMV Level 3 certification through First Data for ID TECH’s new VP8300 countertop payment solution. The VP8300incorporates secure MagStripe, EMV chip card, and EMV contactless payment technologies such as MasterCard PayPass, Visa PayWave as well […]
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Tech

Verifone Launches Engage V400c, the First Touchscreen Countertop in Next Generation Family

“Meeting market demand for easy-to-use, smart touchscreen experiences at the point of sale, Verifone (NYSE: PAY) today announces Engage V400c, the first touchscreen countertop solution in the Engage family. Enhancing the Engage lineup of countertops and PIN pads, this new solution is ideal for any small to midsized business (SMB) in a variety of environments including retail, hospitality, drugstore, casual […]