Payments News » Contactless

Contactless topples Chip & Pin as UK’s top payment choice

October 25 2018

“The latest figures from payment processor Worldpay say that contactless has now overtaken Chip & Pin payments, having already toppled cash transactions earlier this year. The company estimates that £38.5bn will be spent using contactless in the second half of 2018, with the volume of payments growing 30 per cent over the last year. Alongside this, WorldPay found that […]

Tech

Visa CEO Predicts 100 Million Contactless Cards in a Year

October 25 2018

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Contactless

“If so, contactless cards would represent nearly 12% of Visa’s U.S. card base of 856 million as of June 30, the latest figures available. That figure includes 521 million debit cards and 335 million credit cards.”

Tech

French bank pilots fingerprint card that removes the contactless transaction limit

October 19 2018

“Societe Generale is testing the idea of issuing bank cards that incorporate a built-in fingerprint verification sensor with the aim of using the added security the cards provide to allow customers to make contactless payments “with no limit on the amount.””

Global

Pubs and bars feeling surge of mobile payments

November 14 2018

“As a proportion of total payments, mobile transactions in the UK have jumped from 1.3% in Q3 2016 to 5.6% in Q3 2018, representing an overall increase of 331%. Compared to this time last year, mobile payments have increased by 60%. The data comes amid growing popularity among consumers as retailers become increasingly willing and able to […]

Tech

Contactless cards could start taking off in the U.S. as Chase announces rollout

November 14 2018

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Contactless

“Chase, the consumer banking arm of JPMorgan Chase & Co. JPM, -1.50% announced Wednesday that it would be sending out contactless Visa Inc. V, +0.45% credit cards beginning in the first half of 2019. The company will roll out tap-enabled cards on an ongoing basis when customers open up new accounts or have a card that’s up for renewal. Chase will […]

Tech

Target appears to be testing in-store Apple Pay in San Francisco, limited to app-only elsewhere

December 3 2018

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Contactless

“While Apple Pay is slowly gaining widespread adoption from retailers everywhere, one notable holdout has been Target. According to a handful of shoppers at a Target store in San Francisco, however, the retailer could be testing Apple Pay support at its physical locations.”

Tech

Big Issue to trial card readers after steep decline in carrying cash

December 3 2018

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Contactless

“With cash no longer king, and electronic payments on the rise, there is less and less of the spare change that homeless people and many charities rely on around. But the Big Issue has announced plans to embrace the technological change, and hopefully boost its homeless vendors’ income, by issuing them with card readers. Instead of digging […]

Tech

This reusable coffee cup has contactless payments built in

November 29 2018

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Contactless

“The UK’s love of takeaway coffee is causing a huge waste problem, with less than 1 percent of disposable coffee cups being recycled. But Costa thinks it has a solution that will not only get you your daily caffeine hit faster but also help you do your bit to save the planet. The soon-to-be Coca-Cola subsidiary is launching […]

Tech

People already scalping TransLink’s Compass Wristbands online

December 4 2018

“Only 1,000 blue adult wristbands and 1,000 orange concession wristbands were made available Monday, which is not a lot considering there are about 500,000 riders who use the system daily. The transit provider estimates it will take about two months to get more from the manufacturer in Germany. People ended up queuing up down the block […]

Tech

Mastercard and Garmin® Expand Garmin Pay™ Contactless Payments to Maestro European Accountholders

October 31 2018

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Contactless

“Mastercard, Garmin International, Inc., and Fit Pay, Inc., a wholly owned subsidiary of NXT-ID, Inc. (NASDAQ: NXTD), today announced that the Garmin Pay™ contactless payment feature will be available for Maestro cards issued by major banks in Europe, including KBC Bank and Insurance (including CBC and KBC Brussels) in Belgium, Rabobank and ABN AMRO in Netherlands and BNL Gruppo BNP Paribas in Italy.”