Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
Public transportation users in Sydney, Australia, are now using their contactless debit card, credit card or linked device to make 1.5m journeys a week, Transport for NSW has revealed... More
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
Public transportation users in the Portuguese city of Porto will be able to begin using their bank card to tap on and off metro and tram services from the second quarter of 2020, Metro do Porto has announced... More
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
Visa has unveiled Tap to Phone, a new software-only solution that enables merchants to accept contactless payments on Android NFC mobile phones, without the need for any additional hardware... More
New York’s Metropolitan Transportation Authority (MTA) is to add support for “all remaining fare options, including unlimited ride passes, reduced fares, student fares, and more” to its Omny contactless payments service from next year... More
Biometric cards equipped with built-in fingerprint sensors have the potential to make payments both safer and easier, but the technology is still new and there are critical elements that need to be put in place to ensure widespread adoption, NXP explains in a white paper now available to download from the NFCW Knowledge Centre... More
Mutual Trust Bank has announced it is to be the first bank in Bangladesh to go live with Bangla QR, an interoperable QR payments system backed by the country’s central bank... More
All buses in the Brazilian city of Sao Paulo will accept payments via Mastercard and Visa contactless cards, Samsung Pay, Apple Pay and Google Pay by the end of this year, local business magazine Exame reports... More
Transport for NSW has announced plans to pilot a new digital version of its Opal transit card that will enable cardholders to “pay for all modes of transport — whether it be light rail, a bus, on demand service, taxi or Uber — with a single tap of their phone.”... More
Miami-Dade County’s Department of Transportation and Public Works has rolled out support for contactless payments across its Metrobus fleet, making it possible for commuters to use contactless cards and NFC mobile phones to pay for both bus and rail fares across Miami, the sixth most densely populated city in the US... More
SEPTA, the transportation authority for the Greater Philadelphia region in the US, is to add support for Google Pay and Apple Pay across its network of subway, rail, trolley and bus services from the “spring or early summer” of 2020... More
Canadian neobank Koho has introduced a limited edition metal card that includes both contact and contactless functionality... More
Westpac, the last of the major Australian banks to hold out against the introduction of Apple Pay, has switched on support for the mobile payments service for customers of three of its smaller brands and has announced it will roll out support to its main customer base by June 2020... More
Customers of Deutsche Bank in Spain can now apply for a card that replaces the traditional, printed CVV number with a small screen integrated into the back of the card that displays a new CVV every four hours... More
MTA expands Omny to Penn Station — New York Metropolitan Transportation Authority — “The Metropolitan Transportation Authority (MTA) announced today that its cutting-edge Omny contactless fare payment system is now available at the 34 St-Penn Station intermodal complex, one of the busiest transit hubs in North America… The news comes hot on the heels of another major milestone: the recent surpassing of 4m taps, far exceeding even the most optimistic usage projections.”
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.”
Canadians rapidly adopting new payments channels — Payments Canada — “Contactless payments grew 30% year over year from 2017-2018 with a total of 4.1bn contactless payments (card and mobile) worth CA$129.9bn (US$98.58bn) at the point of sale (POS)… Mobile devices were used by nearly 35% of Canadians for contactless payments on a regular basis in 2018.”
PCI Security Standards Council publishes new standard for contactless payments — PCI Security Standards Council — “The primary elements of a CPoC solution include: a Cots [commercial off-the-shelf] device with an embedded NFC interface to read the payment card or payment device; a validated payment acceptance software application that runs on the merchant Cots device initiating a contactless transaction; and back-end systems that are independent from the Cots device and support monitoring, integrity checks and payment processing.”