Saturday 22 October 2016 | RSS



    News about Report.

    Visa reports EMV uptake in the US

    July 21st, 2016

    There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported. “The US added more than 100,000 chip-enabled merchant locations in June, bringing the total to 1.3m, or about 28% of the total merchant population,” the payment network says. “More than three-quarters of those chip-ready locations are small and medium-sized businesses. In June, one in four dollars spent in-store on a Visa card was spent with a chip card in a chip terminal.” The number of Visa chip payment transactions hit 483m in June.

    Walmart Pay completes nationwide rollout

    July 7th, 2016

    US supermarket giant Walmart has completed its nationwide rollout of Walmart Pay, making the service available in more than 4,600 stores across the country. The retailer has also recorded a 45% increase in Walmart Pay transactions in the last week. More

    ACI reports on mobile payments usage by Indian millennials

    June 27th, 2016

    More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals. “For those who shop using their mobile device, they do so more frequently — and with lower transaction values — than non-millennials,” the research firm says. “More than a third of respondents prefer alternative payments (e.g. PayPal, Alipay) for mobile-initiated purchases.”

    Apple Pay advertising increases contactless payments at self-service machines

    June 16th, 2016

    Cashless vending machine technology provider USA Technologies (USAT) has seen an 89% increase in revenue through contactless purchases at self-service machines running on its ePort Interactive platform as a result of digital advertising highlighting Apple Pay availability at the point of sale. More

    Android Pay comes out on top in US survey

    June 14th, 2016

    Android Pay tops the list of the most popular mobile payment services used by US consumers with 19% saying they have made an in-store payment via the service, research from Walker Sands reveals.  More

    China sees rapid growth in proximity mobile payments

    June 7th, 2016

    The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research… More

    UOB reports strong uptake of Apple Pay in Singapore

    June 7th, 2016

    Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times. Around 19,000 cards from UOB have been enabled for Apple Pay in just two weeks since the bank announced its support for the service in May 2016.

    GlobalPlatform reports on secure element shipments

    June 6th, 2016

    A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed. “This is a very significant announcement, which shows just how far the secure chip technology industry has advanced in recent years,” says GlobalPlatform’s Kevin Gillick.

    Contactless on the increase in Canada

    June 2nd, 2016

    The value of contactless payments made by Canadian consumers increased by around C$30bn (US$22.8bn) in 2015, on the back of more than 1.2bn transactions, Technology Strategies International reveals. “Only about one in six people who own contactless payment options do not use them,” says the company’s president Christie Christelis. “People are using their contactless payment cards more and more frequently, approaching three times a month on average.”

    Gemalto explores seven myths about mobile NFC

    May 31st, 2016

    PARTNER NEWS: Digital security giant Gemalto has published a list of the seven most common myths about mobile NFC which explores the reasons why some consumers may not be prepared to use the technology on their mobile device. ‘7 myths about mobile NFC’ answers questions about the security of NFC, looks at why some believe the technology is still not mature enough and challenges the belief that the infrastructure for NFC payments is not yet in place.

    Visa Europe records contactless growth across the continent

    May 30th, 2016

    Some 3bn contactless transactions were made across Europe on Visa cards and payment-enabled devices in the year to 30 April 2016, growing from 143m transactions a month in April 2015 to 360m in April 2016. The… More

    50% of Americans use mobile banking

    May 24th, 2016

    Half of US adults now use mobile banking, with the number of users increasing by 29m since last year, research released by Javelin reveals. “This dramatic shift in consumers’ channel preferences puts pressure on financial institutions to innovate in the space to meet increased demand for mobile functionality,” the firm says.

    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

    Europeans make 3bn Visa contactless payments in past 12 months

    May 11th, 2016

    Some 3bn contactless transactions have been made across Europe using Visa cards in the past 12 months, nearly tripling the number made in the previous 12-month period, Visa Europe has revealed. More

    Australian digital payments to reach nearly A$1.9bn by 2020

    May 4th, 2016

    Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts. “Mobile payments are expected to take off in 12-18 months,” says the firm’s Saranga Sudarshan. “Apple Pay and Android Pay will revolutionise this market. Smartphone prevalence facilitates a high adoption rate for a more convenient and secure form of paying, compared to physical cards or cash.”

    Contactless on the rise in the Netherlands

    May 4th, 2016

    Some 15m contactless cards were in circulation in the Netherlands in 2015, equivalent to 45.5% of all payment cards, according to research from Timetric. “ABN Amro Bank added contactless function to all its payment cards in December 2015,” the firm says. “Similarly, ING Bank and Rabobank are replacing their existing cards with contactless-enabled payment cards. Banks and telecom operators are also introducing contactless mobile payment solutions to their customers.”

    UK contactless transactions hit 60 per second

    May 4th, 2016

    More than 60 contactless transactions took place every second across the UK during the month of February, The UK Cards Association reveals. In total, there were 159.1m contactless transactions, with the average payment sitting at £8.28. “With more than 60 transactions taking place a second, it is clear contactless card payments are becoming ever more popular,” says the organisation’s head of policy Richard Koch.

    A quarter of Brits have made an in-store mobile payment

    April 27th, 2016

    Almost a quarter of UK adults (24%) have used their mobile phone to make an in-store mobile payment and 12% do so on a regular basis, the Prepaid International Forum (PIF) reports. 49% of 18… More

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