Payments News » Contactless

Dual-Interface Chip Card Sales Lift CPI Card Group

March 10 2020

in
Contactless

“As the payments industry reeled Monday morning during yet another wild session on Wall Street, card manufacturer CPI Card Group Inc. provided a glimmer of hopeful news when it reported improving financials thanks in part to growing sales of dual-interface cards. Littleton, Colo. based CPI said fourth-quarter sales in its U.S. credit and debit segment […]

Tech

How the Coronavirus Scare Is Leading Some Experts to Look for a Boost in Contactless Payments

March 9 2020

in
Contactless

“A letter from a doctor that appeared in The Wall Street Journal Thursday warned not only against Covid-19, the coronavirus strain now spreading from country to country, but also against flu and other viruses. He advised that “the rapid implementation of contactless credit card devices … would be cost-effective and help to prevent the spread of many […]

Reports

Contactless Payments Set to Triple to US $6tn by 2024

February 11 2020

in
Contactless

“Global contactless transaction values will reach nearly US$6tn in 2024, up from US$2tn today, Juniper Research forecasts. “This increase will be driven by significant growth in OEM Pay and contactless card transaction values, especially in the US,” the analysts say. Improvements in China’s contactless POS infrastructure will also be a key driver of the increase, […]

Industry

WHO Encourages Use Of Contactless Payments Due To COVID-19

March 10 2020

in
Contactless

“As part of the COVID-19 outbreak, central banks have resorted to quarantining physical bills and some are even going so far as to burn banknotes. South Korea’s central bank, the Bank of Korea, has implemented a quarantine policy for physical notes that come in from local banks. They’ll keep banknotes in a safe for up […]

Tech

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

March 11 2020

in
Contactless

“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.”

Tech

Demand for Online and Contactless Payments Soars in South Africa Due to Coronavirus

March 24 2020

in
Contactless

“Demand for secure online and contactless payments is surging in South Africa on the back of fears around the spread of coronavirus, with many people reluctant to use cash or to touch point of sale machines. As the number of confirmed cases increases daily, growing numbers of retailers are scrambling to get online payment systems […]

Industry

Mastercard: 29 Countries Have Now Agreed to Raise Their Contactless Payment Limit

March 26 2020

in
Contactless

“Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says.” Includes a table by NFCW summarizing these increases around the world.

Industry

Germans Switch to Contactless Payments Amid Coronavirus Concerns

March 23 2020

in
Contactless

““More than half of payments currently being made by card are contactless, compared with 35% before the coronavirus crisis hit, according to the German Credit Agency (DK),” the publication says.”

Tech

Merchants in Four European Countries to Pilot Dongle-free Contactless Payments on Android NFC Phones

March 18 2020

in
Contactless

“Mastercard has partnered with software-only mPOS startup Phos and Paynetics , an e-money institution with an EU-wide licence which will act as the acquiring bank for the pilot. The 200 merchants taking part will be able to download the Phos app from the Google Play store and have their identity verified “in a fully digital […]

Companies

Fiserv Completes First-of-its-Kind Pin on Mobile Transaction With Visa

February 18 2020

“In a move that is expected to boost the worldwide use of smartphones and tablets as point-of-sale terminals, First Data, now part of Fiserv (NASDAQ: FISV), is enabling merchants to use their own devices to accept payments of any amount without any additional hardware. This is ground-breaking for small businesses and service providers that operate […]