The Canadian government is preparing to give merchants the ability to refuse to accept a particular NFC payment service if it attracts higher than usual fees — should that situation ever arise in the future, a document obtained by the WSJ reveals. “Should fees set by the payment card networks in respect of contactless payments made from a mobile device increase relative to card-based contactless payments, payment card networks will develop the technical specifications to ensure that merchant acceptance of contactless payments made from a mobile device can be cancelled at the point-of-sale without disabling other forms of contactless payments acceptance,” the document states.
- Urban Airship analysis of retailers’ mobile wallet coupons and loyalty cards reveals widespread peer-to-peer sharing
- Brewery puts NFC tags in beer coasters in San Diego pub
- Bahrain to launch national e-wallet on July 4
- Square gets green light to take on banks with ‘PIN on glass’ mobile technology
- Jack Ma’s Ant Financial nearly doubles profits amid deal push