Payments News
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Reports

Tap to pay is taking off

“Last year at Visa Payments Forum, Visa’s annual conference for customers and partners, a major discussion was the expansion of tap to pay in the United States. As this year’s event begins in Chicago, Visa is excited to share that tapping to pay is becoming a reality across the U.S. and continues to gain momentum […]

On The Web

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Tech

Bespoke Shirtmaker to Add Payments to Cuffs

“A dress shirt which incorporates contactless payment technology in the cuff is set to go on sale this summer. The Cash Cuff shirt, developed by Cambridge-based DressCode , uses Mastercard-accredited wearable payments technology from K Wearables to link a smartphone app with a contactless payments module sewn into the shirt.”
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Tech

Finnish Banks Double Contactless Transaction Limit to €50

“Customers in most Finnish banks can now use their bank cards to make contactless payments up to €50. The previous limit was €25. Banks that are introducing the new upper payment limit include OP, Nordea, Danske, S-Bank, Oma Säästöpankki, POP Bank, Handelsbanken and Savings Banks. Aktia and the Bank of Åland will introduce the new […]
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Reports

Nearly a Third of All Card Transactions in the UK Are Contactless

“Contactless card transactions in the UK were nearly a third of all volume in January 2019 according to new data from UK Finance. Over the month, there were 642 million contactless card transactions in the UK. This is a 19.5% increase from the same time in 2018, a total of 537 million. Furthermore, the value […]
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Tech

Boston Fed Reports on Contactless Card and NFC Payments Adoption Issues

“The authors say that confusion reigns among merchants, with some concerned about losing control of the payment experience when they activate contactless payments in their stores since contactless technology extends acceptance to all NFC mobile wallets by default. Consumers meanwhile are confused due to poor marketing and messaging around contactless and NFC mobile wallets.”
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On The Wires

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Tech

Wells Fargo Accelerates Customer Checkout Experience With New Tap-to-Pay Contactless Cards

“This week, new Wells Fargo consumer credit cardholders began receiving cards with the contactless feature when opening an account, and existing Wells Fargo consumer credit cardholders will receive a new contactless card when their current credit card expires. Consumer debit cards with the contactless feature will start to become available this summer. The bank, which […]
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Tech

U.S. Payments Forum Webinar to Present Guidance for Contactless Open Payments Implementation in Transit

“With Americans averaging over 10 billion trips on public transportation annually, transit agencies are looking to create streamlined experiences with new technologies such as contactless open payments. To address this growing interest, the U.S. Payments Forum is hosting a webinar focused on the acceptance of contactless EMV chip cards and NFC-enabled mobile devices at transit points […]