Payments News

On The Web

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Tech

Contactless Payment Rises—And So Do Back-to-School Purchases—PSCU Report Shows

“Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit union service organization, issues the […]
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Tech

Contactless Transactions Surge in Cash Loving Germany, Austria and Switzerland

“More than three quarters of cashless transactions in Germany, Austria and Switzerland are now contactless, a remarkable turnaround from pre-pandemic figures of just 40%. The Dach region, until recently heavily reliant on cash and invoicing, has experienced a dramatic transformation in contactless adoption over the last two years.In June 2019, overall contactless adoption in the […]

On The Wires

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Tech

Contactless Limit to Increase to £100 From 15 October | UK Finance

“The national roll-out of the new £100 spending limit for contactless card payments will begin from 15 October 2021, UK Finance announces today. The decision to raise the contactless limit from £45 to £100 was made by HM Treasury and the Financial Conduct Authority following a public consultation and in discussion with both the retail […]
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Tech

Blackhawk Network Introduces Scan-to-Buy Live Entertainment And Amusement Ticket Purchasing In US Retailers

“As live entertainment and amusement parks begin to make a comeback, Blackhawk Network has launched a contactless ticket purchasing solution for entertainment brands and retailers. This innovation makes it even easier for consumers to purchase tickets to their favorite theme parks, concerts and live events in the retail locations where they regularly shop. Blackhawk is leveraging […]
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Domains

UnionPay International Launches First Contactless E-wallet in Tajikistan

“UnionPay International (UPI) announced today that it has partnered with the International Bank of Tajikistan to launch the country’s first contactless e-wallet, making UnionPay the first payment brand to offer mobile contactless payment services in the country. As a result, the number of e-wallets outside the Chinese mainland that support UnionPay cards reaches 100. Meanwhile, the number […]
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Tech

7-Eleven Expands Mobile Checkout Feature to Thousands of US Stores

“Check this out. No, really. 7-Eleven, Inc. has expanded its new Mobile Checkout contactless shopping solution to an additional 2,500+ stores across the U.S. Using the 7-Eleven app, customers can quickly scan items and pay for purchases without ever standing in a checkout line. Mobile Checkout is now available in more than 3,000 participating 7-Eleven stores in 32 states […]
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