Payments News

On The Web

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Tech

AIB Customers to Be Charged for ‘Contactless’ Payments From May

“AIB customers will soon be charged 1c cent for ‘tap’ payments. From May 30, the bank is also introducing a quarterly maintenance fee of €4.50 for current accounts. It is the third bank to charge for contactless payments, following Bank of Ireland and Ulster Bank. The fees could cost customers an extra €80 a year.”
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Tech

Interac Sees Digital and Contactless Payment Rush As Consumers Hunker Down During Coronavirus Pandemic

“Canadian debit-payments firm Interac Corp. is experiencing a surge in digital and contactless transactions as consumers make purchases from home and try to keep their hands clean during the coronavirus pandemic. There were 51.9 million e-transfers sent through Interac in March, the first time the 50-million mark has been crossed in a month. “We’re conducting […]
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Domains

Paytm to Introduce Contactless Ticketing for State-run Buses

“Paytm has announced the launch of contactless ticket buying facility for state-run local transport buses and promote safe intracity travel. The company is enabling it’s QR-based payments service on the buses combining it with the Paytm Soundbox for buying tickets. In a statement, Paytm said that It is in talks with 20 state transport departments.”
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Global

Mastercard, Axis Bank Partner to Bring POS Machines to Smartphones

“Digital payment major Mastercard has joined hands with private lender Axis Bank and French payment service provider Worldline, in a bid to offer the functionality of Point of Sale devices onto Android smartphones of small merchants in India while also be providing store owners value added digitisation services. The strategic alliance is created for expanding […]

On The Wires

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Companies

UnionPay International Drives Increase In ‘Contactless Payment’ For Consumer Safety During COVID-19

“As the struggle against COVID-19 continues, UnionPay International have unveiled a plan for increased consumer safety through accelerating the issuance of contactless payment enabled cards worldwide. Collaborating with many local banks around the world, UnionPay International have also made a considerable effort to increase availability and awareness of online checkout services in order to step […]
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Tech

Fattmerchant Introduces Contactless by Omni to Help Businesses Meet the Growing Consumer Demand for Contactless Payments

“Fattmerchant, an integrated payment technology provider that simplifies the payment processing experience for business owners, announces the release of Contactless by Omni. This new all-in-one contactless payment solution provides business owners with the ability to go touch-free and virtual overnight, allowing their business to begin accepting payments in the ways that their customers are most […]