Shipments of NFC-ready POS terminals reached 47.8m units globally in 2019, bringing the total to 100.4m worldwide, according to Berg Insight... More
POS
Saudi Arabia triples contactless card transaction limit
The Saudi Arabian Monetary Authority (SAMA) has increased the purchase limit for Atheer contactless domestic debit card transactions from SAR 100 (US$26.61) to SAR 300 (US$79.84), in a bid to reduce the spread of novel coronavirus... More
ST gains NFC Forum certification for high performance NFC and contactless payments reader
PARTNER NEWS: STMicroelectronics has received NFC Forum certification for the ST25R3916, a high performance NFC universal device and EMVCo reader that is fully compliant with ISO 14443A/B, ISO 15693, ISO 18092, Felica and NFC Forum standards... More
Worldline to acquire Ingenico for €7.8bn
Worldline to acquire Ingenico — Worldline — “This transaction would combine two premier companies to create the world’s number four player in payment services with circa 20,000 employees in approximately 50 countries… Upon closing, the new combined group would offer best-in-class payment services to nearly 1m merchants and 1,200 financial institutions.”
China publishes face recognition payments guidelines
The Payment & Clearing Association of China (PCAC) has published a set of guidelines that regulate how payments providers making use of face recognition to process payments at the point of sale (POS) should manage the protection of consumer data... More
India requires banks to let cardholders opt in to contactless payments
Card issuers in India are to be required to ship all new cards to customers with contactless functionality switched off by default — and also provide cardholders with a range of easy ways to toggle their card’s contactless support on or off... More
Amazon to test palm payments at the point-of-sale
Cash, plastic or hand? Amazon envisions paying with a wave — The Wall Street Journal — “The tech giant is creating checkout terminals that could be placed in bricks-and-mortar stores and allow shoppers to link their card information to their hands, according to people familiar with the matter. They could then pay for purchases with their palms, without having to pull out a card or phone.”
Real-time video shows Cilab’s high-speed NFC tester in action
PARTNER NEWS: A new video from Cilab shows how the company’s high-speed test equipment can be used to reduce the costs and complexity of NFC testing, by completing a full EMVCo PCD Level 1 test in just 42 minutes — a process that typically takes most of a full working day... More
NTT Docomo combines UWB and NFC for hands-free payments at the POS
PARTNER NEWS: Japanese carrier NTT Docomo is using NXP’s new NFC, ultra wideband (UWB) and secure element chipset in a concept POS device that lets consumers make secure payments “while keeping your smartphone in your pocket or bag”... More
Juniper forecasts 161m contactless POS terminals by 2024
Contactless point of sale installed base to exceed 161m by 2024 — Juniper Research — “New data from Juniper Research forecasts that the installed base of contactless-enabled POS (Point of Sale) devices will exceed 161m by 2024; growing from 78m in 2019. Contactless POS devices will then be 94% of all POS devices in use.”
Nestlé pilots face recognition payments in Barcelona
Food giant Nestlé is testing face recognition payments at Nestlé Market, a concept supermarket in Barcelona, Spain, that stocks the company’s established brands as well as the latest additions to its range... More
Visa invests in US ultrasonic payments startup
Visa has made “a financial injection” in Lisnr, a US startup that is using ultrasonic data transmission as an alternative to NFC and QR codes for mobile payments... More
Mastercard to let Indian merchants accept payments on NFC phones
Mastercard to launch solution for smartphones to become contactless acceptance devices — The Hindu BusinessLine — “If your phone has NFC, then it can become a point-of-sale (POS) device. A customer can tap the contactless card on the phone,” said Vikas Saraogi, vice president of acceptance development at Mastercard, adding that it is likely to be launched in India in the first half of next year.”
Apple Pay takes top slot as most popular mobile payments app in the US
Three in ten US smartphone owners now use a mobile payments app to make payments in stores — and Apple Pay is now the most popular with 30.3 million users, according to new research by eMarketer... More
Invenco picks Cilab to speed up EMV development and testing
PARTNER NEWS: Cilab’s ci230 high-speed testing suite has made it possible for self-service payments leader Invenco to significantly improve the time it takes to develop, test and bring to market EMV-compliant NFC payment terminals for its customers, chief engineer Chris Henry has told NFC World... More
Samsung begins global rollout of mobile POS app that lets merchants accept payments on standard Android phones
Samsung’s NFC phone-based contactless payments acceptance service is now live in Canada and is to be introduced globally “starting in 2020”, the company has announced... More
Survey pinpoints roadblocks to US mobile payments adoption
A major investigation into US consumers’ attitudes to mobile payments has found that concerns over how well they would be protected against loss should an issue arise is now the major barrier to widespread adoption of the technology... More
NXP picks Cilab’s NFC tester to support customers developing EMV 3.0 POS terminals
PARTNER NEWS: Cilab’s new ci230 high-speed testing suite is “a tool that has been missing for years,” Renke Bienert, senior principal engineer at NXP’s worldwide customer application and support team in Hamburg, has told NFC World... More
Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit
UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase... More
Monzo to use app notifications to address Strong Customer Authentication communications issues
UK-based neobank Monzo is to use app notifications to provide customers who have a contactless card transaction declined due to new Strong Customer Authentication (SCA) requirements with the information needed for them to successfully complete their transaction... More