On The Web

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Global

Let Us Pay: Church Targets Millennials With Contactless Collection Plates

July 10 2018

• in
• Contactless
• UK

“Vicars will use contactless card machines for collections at weddings and funerals as the Church of England tries to reverse its first drop in donations for half a century. The amount of money given by direct debit or standing order to the church’s 12,600 parishes, their largest source of income, has fallen for the first […]

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Global

Convenience Of Debit Card Payments Puts Cash In Second Place

June 18 2018

• in
• Cash
• Contactless
• UK

“The popularity of contactless payments among UK consumers is a key driver of debit card growth. In total, across both debit and credit cards, the number of contactless payments increased by 97 per cent during 2017 to 5.6 billion. Almost two thirds (63 per cent) of people in the UK now use contactless payments, and […]

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Companies

Amazon Backs Indian Startup To Replace Cash With Contactless Payments

June 15 2018

• in
• Amazon
• Contactless
• India

“The Seattle, U.S.-based retailer led an investment of $6.5 million (around Rs 43.7 crore) in digital payments startup ToneTag, infusing nearly Rs 32.3 crore. Mastercard, Manipal Global Education Chairman Mohandas Pai’s investment arm 3one4 Capital and Elevate Innovation Partners also participated in the round, according to filings with the Registrar of Companies that were reviewed […]

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Global

Paris Says ‘Au Revoir’ To Metro Ticket, Ushers In Contactless Payment

July 13 2018

• in
• Contactless
• France

“The “Navigo Liberté+” pass, designed for people who travel regularly but not enough to warrant buying one of the already-existing weekly, monthly or yearly passes, will allow users to travel without topping up or buying tickets. It will be linked to a bank card and usage will be debited at the end of each month.”

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Domains

One Millions Taps—Tap To Pay Hits A Milestone

July 30 2018

• in
• Canada
• Contactless
• Transit

“It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets—a combined—more than one million times!  If you are a tourist in Metro Vancouver […]

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Tech

The time is now for banks to issue contactless cards

August 6 2018

• in
• Contactless
• Credit cards
• Debit cards

“While contactless cards have had their fits and starts over the past few years in the U.S., a recent study from A.T. Kearney urges banks en masse to begin issuing plastic with the technology now that the merchants have the necessary payment terminals and consumers are more aware of the “tap” thanks to NFC-enabled mobile […]

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Tech

Dynamics’ high-tech card picks up bank support in Japan

August 14 2018

• in
• Card technology
• Chip cards
• Contactless

“The interactive payment card market has had a tough time gaining traction, but it’s getting a boost as GMO Aozora Net Bank plans to launch Dynamics Inc.’s battery-powered interactive debit and cash card to its customers next year. The new Visa card features a touch sensitive keypad and digital display as well as magnetic strip, contact […]

On The Wires

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Tech

CONTACTLESS PAYMENTS TO REPRESENT 1 IN 3 IN-STORE TRANSACTIONS GLOBALLY BY 2020

August 6 2018

• in
• Card technology
• Chip cards
• Contactless
• Credit cards
• Debit cards

“New data from leading fintech analysts, Juniper Research, estimates that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020, representing 15% of the total point of sale transactions. Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than previously anticipated by […]

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Companies

Visa Data Shows One Fifth Of Purchases At 2018 FIFA World Cup Use Contactless Technology

June 29 2018

• in
• Contactless
• Visa

“Visa, the Official Payment Services Partner of FIFA, today released an analysis of foreign travellers’ spending during opening days of 2018 FIFA World Cup™. The results found that in the 11 Russian host cities of the tournament, approximately one in every five (17 percent) purchases with Visa used contactless payment technology, including smartphones, bracelets and […]

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Market Reports

Contactless Payments To Represent 1 In 3 In-Store Transactions Globally By 2020

July 31 2018

• in
• Contactless

“New data from leading fintech analysts, Juniper Research, estimates that driven by payment cards and mobile wallets, in-store contactless payments will reach $2 trillion by 2020, representing 15% of the total point of sale transactions. Contactless payments will exceed the $1 trillion mark for the first time in 2018, a year earlier than previously anticipated by […]