Debit cards set to overtake cash in 2018, three years earlier than expected

Debit cards set to overtake cash in 2018, three years earlier than expected — Payments UK — “Rapid growth in the use of contactless cards means cash will be overtaken as Britain’s most frequently used payment method by the end of 2018… By 2018, when debit cards are forecast to overtake cash, 13.4 billion debit card payments are predicted, of which 4.6 billion (or one in three) are expected to be contactless.”







NFC secure element shipments to grow 12% in 2017

Eurosmart

Some 560m NFC secure elements will be shipped worldwide in 2017, representing a 12% increase from 2016, smart security industry association Eurosmart reveals. A total of 495m NFC secure elements were shipped in 2015, which increased by 1% in 2016 to reach 500m units. More


Tipping point for Apple Pay as majority of UK tills accept limitless payments

Tipping point for Apple Pay as majority of UK tills accept limitless payments — The Telegraph — “Jennifer Bailey, the head of Apple’s payments business, said over half of contactless payment terminals in the UK are now able to take Apple Pay transactions of any value. The company says Apple Pay transactions in the UK have grown by 300pc in the last year, with 23 banks now supporting the service.”



No need to schlep wallet, keys at Universal’s new water park

No need to schlep wallet, keys at Universal’s new water park — The Associated Press — “Universal is debuting a new wristband that can pay for food, open lockers, trigger special effects, set spending limits on the kids and, most importantly, eliminate waiting in lines by sending alerts when it’s your turn for a ride… Unlike Disney’s wristbands, Universal’s Tapu Tapu wristbands have screens on which visitors can get text alerts or see images, and they also vibrate.”



Mastercard is becoming the ticket to ride in more than 80 global cities

Mastercard is becoming the ticket to ride in more than 80 global cities — Mastercard — “With a Mastercard in their wallet, more and more people have a go-to transit pass for the city they’re in,” said Ian Slater, senior vice president, enterprise partnerships, Mastercard. “In today’s connected world, having to figure out a new ticketing system every time people visit a new city is the opposite of a seamless experience.”


Samsung Pay goes live in the UK with iris scan authentication and faster transit payments

Samsung Pay in the UK

Samsung Pay is now available in the UK for customers of three financial institutions — MBNA, Nationwide and Santander — with “more on the way”. The service supports iris scan authentication as well as PIN and fingerprint authentication for Samsung Galaxy S8 and S8+ owners and offers a ‘transport card’ option designed to speed up transactions on busy Transport for London (TfL) services. More



Contactless retail payments to exceed $1 trillion in transaction value by 2019

Contactless retail payments to exceed $1 trillion in transaction value by 2019 — Juniper Research — “The global value of contactless transactions made via payment cards, mobile and wearables will reach $1.3 trillion by 2019, more than doubling from an estimated $590 billion in 2017 … contactless card levels will continue to dominate transaction values, accounting for 80% of total contactless transactions in 2019.”







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