PaymentsNews

On The Web

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Tech

Contactless Cards Round 2 Gets Another Boost with PenFed Announcement

“PenFed Credit Union announced Tuesday it will begin issuing contactless Visa-branded credit and debit cards this month. The move comes after a decision by Chase, a unit of JPMorgan Chase & Co., to issue dual-interface cards that will be in force this year. The cards are called dual interface because they can be dipped into or […]
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Reports

While contactless uptake slow in US, mobile device sales not seen as factor

“As mobile wallet and contactless payment demand surges in parts of Europe, Southeast Asia, Africa and Latin America, questions remain about why the U.S. market trails other countries in adoption rates. New research from the National Retail Federation and others is demonstrating that consumer and retail adoption of mobile payment technologies has been sluggish in the […]
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Tech

Mastercard leads $16.5m funding round in Mobeewave

“The Montreal-based start-up offers contactless payment acceptance on smart devices, without the need for external hardware. It says its “bring-your-own-device technology” provides an alternative to traditional point-of-sale offerings. Earlier this year, Mobeewave signed a partnership agreement with Samsung Electronics making the Canadian firm’s platform available for commercial use on more than 250 million Samsung devices around […]
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Tech

‘Let us pay’ – churches try contactless

“Churches have reported a 97% increase in donations made at services trialling a digital collection box. A partnership between technology firm SumUp and the Church of England meant the parishioners could make contactless payments using a portable device. Churchgoers picked a sum from four options decided by the Church, before using a card or smartphone to pay.”
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Tech

Mastercard Issuers Jumping on the Contactless Card Bandwagon

“So far, Visa Inc. has dominated the headlines regarding the U.S. conversion to contactless payment cards. Mastercard Inc., however, will soon be getting into the act. “In the U.S., contactless momentum continues to grow on both issuing and acceptance sides,” Mastercard president and chief executive Ajay Banga said Thursday. “We have received commitments from issuers representing […]
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Tech

Discover’s Contactless Fitness Improves Through Its Link-Up With Garmin Pay

“Garmin Pay runs on FitPay technology from Nxt-ID Inc.’s Fit Pay Inc. subsidiary, including near-field communication for contactless transactions. General-purpose mobile wallets for smart phones such as Apple Pay, Google Pay and Samsung Pay also use NFC. Most U.S. merchant locations now have the capability to accept NFC at the point-of-sale, though many merchants haven’t yet […]

On The Wires

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Tech

Discover Cardmembers Can Now Make Payments on the Move with Garmin Pay

“Discover® and Garmin® International, Inc., today announced that Discover cardmembers can now make payments using Garmin PayTM, a contactless payment solution for people on the move. Garmin Pay, which is powered by FitPay®, is available on Garmin’s latest active lifestyle smartwatches, the vívoactive® 3 series, and new GPS running watches, the Forerunner® 645, Forerunner 645 Music and fēnix® 5 Plus […]
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Tech

Look, Tap and Go: Commerce Introduces Contactless Visa® Debit Card

“Commerce Bank’s Visa debit and reloadable prepaid cards now feature contactless payment capability. Contactless payments use short-range wireless technology to quickly complete payments between a contactless-enabled card or payment-enabled device and a contactless-enabled checkout terminal. It takes as little as 1/2 a second to make a payment and a quicker checkout experience that’s as easy […]