On The Web

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Tech

UK Contactless Payments Limit Is Rising to £100 – Should You Be Worried?

October 13 2021

• in
• Contactless

“It’s a financial revolution that began quietly in September 2007. That is when the first contactless bank cards were introduced in the UK, allowing people to “wave and pay” for low-value items such as a cup of coffee or a newspaper. At the time, spending was capped at £10. Fourteen years on, with at least […]

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Tech

Lloyds to Let Customers Set Own Contactless Transaction Limit

September 24 2021

• in
• Contactless

“Customers of Lloyds Bank , Halifax and Bank of Scotland will be able to set their own contactless spending limit when the UK increases its national transaction limit to £100 (US$137) on 15 October.”

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Tech

Contactless Payment Rises—And So Do Back-to-School Purchases—PSCU Report Shows

September 20 2021

• in
• Contactless

“Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit union service organization, issues the […]

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Tech

Contactless Transactions Surge in Cash Loving Germany, Austria and Switzerland

September 15 2021

• in
• Contactless

“More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless, a remarkable turnaround from pre-pandemic figures of just 40%. The Dach region, until recently heavily reliant on cash and invoicing, has experienced a dramatic transformation in contactless adoption over the last two years.In June 2019, overall contactless adoption in the […]

On The Wires

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Tech

Contactless Limit to Increase to £100 From 15 October | UK Finance

August 27 2021

• in
• Contactless

“The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, UK Finance announces today. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public consultation and in discussion with both the retail […]

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Tech

Blackhawk Network Introduces Scan-to-Buy Live Entertainment And Amusement Ticket Purchasing In US Retailers

August 23 2021

• in
• Contactless
• QR codes

“As live entertainment and amusement parks begin to make a comeback, Blackhawk Network has launched a contactless ticket purchasing solution for entertainment brands and retailers. This innovation makes it even easier for consumers to purchase tickets to their favorite theme parks, concerts and live events in the retail locations where they regularly shop. Blackhawk is leveraging […]

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Domains

UnionPay International Launches First Contactless E-wallet in Tajikistan

August 16 2021

• in
• Contactless
• Mobile Payments

“UnionPay International (UPI) announced today that it has partnered with the International Bank of Tajikistan to launch the country’s first contactless e-wallet, making UnionPay the first payment brand to offer mobile contactless payment services in the country. As a result, the number of e-wallets outside the Chinese mainland that support UnionPay cards reaches 100. Meanwhile, the number […]

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Tech

7-Eleven Expands Mobile Checkout Feature to Thousands of US Stores

July 13 2021

• in
• Cashierless
• Contactless

“Check this out. No, really. 7-Eleven, Inc. has expanded its new Mobile Checkout contactless shopping solution to an additional 2,500+ stores across the U.S. Using the 7-Eleven app, customers can quickly scan items and pay for purchases without ever standing in a checkout line. Mobile Checkout is now available in more than 3,000 participating 7-Eleven stores in 32 states […]

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Industry

Contactless Now Accounts for More Than a Quarter of All UK Payments | UK Finance

June 17 2021

• in
• Contactless

“UK Finance today releases its 2021 Payment Markets Report, an analysis of all forms of payments over 2020 showing the impact the Covid-19 pandemic and resultant lockdowns had on the nation’s payments behaviour. For the first time in six years, the total number of payments in the UK declined, falling by 11 per cent to […]

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Global

CBA Predicts Digital Wallets Set to Become the Most Popular Contactless Way to Pay

May 19 2021

• in
• Australia
• Contactless

“Commonwealth Bank today released new figures showing a significant uptick in digital wallet usage over the last 12 months. The figures highlight the growing popularity of digital wallets and the likelihood for them to become the most popular contactless way to pay in-store by the end of the year, if current trends continue. Between March […]