On The Web

nbsp;

Global

Half of all London’s pay as you go journeys are now contactless

April 24 2018

• in
• Contactless

“London’s successful adoption of contactless fares reached an important milestone today with the news that half of all Tube and rail pay as you go journeys in the capital are now made using the technology. First launched in 2012 on buses and extended to Tube and rail services in Summer 2014, contactless allows commuters to travel using […]

nbsp;

Tech

Smartphone-turned POS terminals to boost region’s contactless payment infrastructure

April 16 2018

• in
• Contactless

“Security and identity solutions firm IDEMIA, payment solutions provider, Network International, and Mastercard have teamed up to launch a project to enable merchants to use smartphones to accept contactless payments.”

nbsp;

Tech

Both Contactless EMV Cards And Wallets Should Stock Issuers’ Offerings, Expert Argues

March 30 2018

• in
• Contactless

“The reason has to do with the fact that most card transactions still take place in physical stores. In fact, Visa Inc. says 80% of its U.S. transactions are still face-to-face sales. But, as Topolski said, “it’s going to take a long time for contactless acceptance to be ubiquitous.” Visa also says that less than 1% […]

nbsp;

Global

Busking Goes Cashless With ‘A World First’ For London

May 29 2018

• in
• Contactless
• UK

“London has introduced a contactless payment scheme for buskers in what the organisers claim is a world first. In addition to tossing loose change into a box, passers-by can use card readers to make contactless payments. It has been launched in partnership with Swedish tech firm iZettle, bought this month by US payments giant PayPal.”

nbsp;

Global

Will Contactless Payment Ever Take Off In Germany?

June 5 2018

• in
• Cash
• Contactless
• Germany

“Earlier this year the Bundesbank published a survey entitled “Payment behaviour in Germany” based on data from 2017 which revealed that Germans still prefer to pay for most of their purchases using their beloved Bargeld (cash). The survey also found that German consumers carry around an average amount of €107 in their wallets – nearly the same […]

nbsp;

Global

UK Small Businesses Increase Acceptance Of Mobile Payment Apps

June 12 2018

• in
• Contactless
• Mobile wallets
• UK

“The independent report, conducted by Verve Partners Research and commissioned by Verifone for MoneyConf, shows that more than a quarter (29 percent) of U.K. small and medium businesses now give their customers the option to pay using an app in store — an increasingly popular payment method for consumers, fueled by the popularity of mobile […]

nbsp;

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 […]

nbsp;

Companies

Mastercard To Make ‘Tap And Go’ A Standard In Five Years

June 6 2018

• in
• Contactless
• Mastercard

“Currently, the tap and pay standard is active in more than 8 million locations across 111 countries. Mastercard has planned that all new acceptance terminals in the Europe, Latin America, Middle East, Africa and Asia Pacific will have EMV chip and contactless enabled from October this year. All new cards issued in these regions from […]

nbsp;

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 […]

On The Wires

nbsp;

Tech

Equinox Payments Enables Merchants to Tap Into Japanese Tourists’ Spending Power with Support for JCB Contactless Cards

April 16 2018

• in
• Contactless

“Equinox Payments (“Equinox”), a leading provider of payment terminals, applications and support services, today announced that their Apollo, L5000 and Luxe terminal lines are being enhanced to support contactless chip technology for JCB cards. Final certifications are expected this summer, providing merchants with Equinox terminals a simple upgrade path to extend the convenience of tap and go […]