Tuesday 24 May 2016 | RSS

 
    Feedback
     

    Contactless

    News about Contactless.

    Wells Fargo to launch NFC mobile payments

    May 24th, 2016

    US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”

    TfL rolls out contactless on Thames river buses

    May 23rd, 2016

    UK commuters travelling on MBNA Thames Clippers River Bus services can now pay using contactless cards following an expansion of Transport for London’s (TfL) services. “The payment method can now be used on all MBNA Thames Clippers River Bus routes, which cover around 28 kilometers of the Thames between Putney and Woolwich Arsenal,” TfL says. The transport organisation recorded more than 100m contactless journeys across London between September 2014 and June last year.

    One in 10 UK card payments were contactless in 2015

    May 23rd, 2016

    The average UK adult made 20 card payments per month in 2015, of which around one in 10 were contactless, research released by Payments UK reveals. “By 2025, we are predicted to use a debit, credit or charge card virtually every day and almost half of these transactions, 14 per month, will be contactless,” the organisation says. “Many of these payments may be made using a mobile phone.” Payments UK also predicts that by 2025, cash will only be used for 27% of payments.

    Wearable device gives users electric shock if they overspend

    May 23rd, 2016

    Owners of a Pavlok wearable device will now be given an electric shock whenever they spend too much money using a new service developed by UK-based Intelligent Environments. More

    Wirecard supports launch of Curve

    May 23rd, 2016

    German payments technology provider Wirecard is supporting the launch of Curve, a physical payment card that will let consumers store an unlimited number of bank cards and make contactless payments at POS terminals where MasterCard is accepted. “The card and smartphone app solution is supported by Wirecard’s technology, ensuring global usage of the Curve card,” Wirecard says. “Curve is initially providing the card to small business users.”

    Barclaycard reports on HCE service take-up

    May 20th, 2016

    More than one in 10 (13%) of those using Barclaycard’s host card emulation (HCE) mobile payment service are over 50 years old, while 10% are aged under 25, Barclaycard has revealed. “2% of users are over 65 year olds and the oldest customer registered and using the service is 86,” the company says. “So far, over £600,000 has been spent through the app.” The service was launched in January 2016.

    UK contactless spending totalled £1.5bn in March 2016

    May 20th, 2016

    UK contactless payments in March totalled £1.5bn (US$2.19bn), The UK Cards Association has revealed, four months after monthly contactless spending hit £1bn in November 2015. “The £0.5bn mark came in May last year,” the organisation says. “One in seven of all card transactions are now contactless, compared to one in 16 a year ago. There were a total of 179.6m contactless purchases in March, with 67 made every second. On the high street, one in six card purchases are now contactless [with] monthly contactless spending trebling in the past year, up from £431.1m in March 2015.” 86.5m contactless cards are now in circulation in the UK.

    Barclaycard sees surge in ‘silver spenders’ using contactless

    May 20th, 2016

    The number of UK consumers aged over 60 using contactless payments has risen by 116% in the last 12 months, research from Barclaycard reveals. Among the 18-24 age group, the number of contactless users has risen by… More

    Bank of America adds Android Pay withdrawals at ATMs

    May 19th, 2016

    Bank of America (BofA) customers can now make cash withdrawals at ATMs in the US using their mobile phone and Google’s Android Pay mobile payment service, the bank has announced at this week’s Google I/O… More

    Fitbit buys Coin’s wearable payment assets

    May 19th, 2016

    Fitness wristband maker Fitbit has acquired the wearable payment assets of connected device maker Coin in a move that will enable the company to add NFC payment capability to its future devices. More

    UK charity collects contactless donations using dogs

    May 18th, 2016

    UK consumers can now make a £2 donation to the Blue Cross animal charity by tapping their contactless card against specially designed jackets worn by dogs. Each jacket houses a PayPal Here contactless terminal, which launched… More

    US Smart City Challenge adds NXP’s RFID tagging solutions

    May 18th, 2016

    PARTNER NEWS: The US Department of Transportation (USDOT) has expanded its Smart City Challenge initiative to include NXP’s RFID tagging solutions and smart card ICs. The addition of NXP RFID tagging will enable automatic vehicle… More

    NXP unveils POS reader solution

    May 18th, 2016

    PARTNER NEWS: NXP has introduced a point-of-sale reader solution — SLN-POS-RDR — that will enable customers to develop and launch contact and contactless payment systems into the market. “The solution platform is the first to leverage and combine NXP’s market leading contact payment card reader silicon and a high-power NFC contactless frontend solution (PN5180),” the company says. “The POS reader solution is available now to lead customers, shipping to new customers in Q3.”

    Visa Europe to make it easier for banks to support third-party mobile wallets

    May 18th, 2016

    Visa Europe has launched its Visa Europe Digital Enablement Programme (VEDEP) in the UK in an effort to simplify the implementation process for banks looking to support third-party mobile wallets. Google is using the platform to launch… More

    Android Pay launches in the UK

    May 18th, 2016

    Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says. More

    Orange to add NFC to Orange Money

    May 17th, 2016

    Orange is to introduce NFC into its Orange Money service by the end of this year, allowing users to make payments by tapping an NFC sticker on their mobile phone on an NFC reader supplied by French startup Famoco. “Ultimately, we should sell between 40,000 and 50,000 readers to Orange,” Lionel Baraban, co-founder of Famoco, told French publication Le Monde. NFC will be added to the service in the Ivory Coast, Guinea, Madagascar, Mali, Morocco, Senegal and Tunisia.

    Proxama sets out advantages of in-house EMV

    May 13th, 2016

    A white paper that sets out the advantages of bringing outsourced or delegated EMV card processing back in-house and explains how taking an integrated approach to physical and digital card issuing and processing will deliver cost savings is now available to download from the NFC World+ Knowledge Centre. ‘The Case for In-Sourcing EMV’ has been produced by Proxama and aims to help clarify the benefits of in-house processing to card issuers.

    Barclays to roll out HCE mobile payments across the UK in June

    May 12th, 2016

    Barclays is to begin rolling out a host card emulation (HCE) based mobile payment feature to its mobile banking app in June, the UK bank has confirmed to NFC World. The service — known as Barclays Contactless Mobile — will enable customers to make transactions at any contactless terminal as well as pay for services across Transport for London (TfL) with a tap of their Android device. More

    Swatch Bellamy to launch with Cornèr Bank in mid-June

    May 11th, 2016

    Cornèr Bank has signed an agreement with Swiss luxury watchmaker Swatch to make its Cornèrcard available for payments on the Swatch Bellamy NFC watch from mid-June. “Clients can sign up with the bank, pre-load the watch with funds and start shopping in Switzerland and around the world wherever Visa contactless is accepted,” Swatch says. Swatch confirmed its agreement with Visa and Visa Europe to roll out the NFC payments watch in the US, Switzerland and Brazil in November 2015.

    Seamless authorised to issue electronic money

    May 11th, 2016

    Swedish mobile payments specialist Seamless has been granted authorisation to issue electronic money by Finansinspektionen, the country’s financial supervisory authority. “This means that Seqr users can send and receive money, worldwide, in real time,” the company says. “Under the terms of the authorisation, Seqr can also be used by minors. Money received can be accessed instantly to make payments anywhere in the world where NFC payments are accepted.”

    Page 1 of 3912345...102030...Last »