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
Archive for March 2020
Dutch banks raise cumulative contactless payments limit to €100
Banks in the Netherlands are seeking to combat the spread of Covid-19 by increasing the maximum value of contactless transactions that a cardholder can make before needing to enter a PIN to €100 (US$107.07), up from the previous €50 (US$53.54)... More
RBC speeds up bank account opening with NFC passport reading
Royal Bank of Canada has added new features to its mobile app that make it quicker and easier for customers opening a new bank account at a branch to prove their identity... More
Cole Haan deploys NFC tags across Santa Clara store
Performance lifestyle brand Cole Haan is deploying NFC tags across its new Grandshop outlet in Santa Clara, California, to enable shoppers to find out more about the range of products available for sale... More
OTG to roll out Amazon Go cashierless shopping technology at New York airports
Airport hospitality group OTG is adopting Amazon’s Just Walk Out technology, enabling passengers shopping at its CIBO Express Gourmet Markets at New York’s Newark and LaGuardia airports to more quickly make last-minute purchases... More
Barclays lets UK customers use its mobile banking app to make payments from accounts held at other banks
Barclays has become the first UK high street bank to leverage open banking APIs to enable its customers to use its mobile banking app to make payments from accounts they hold with other banks... More
Merchants in four European countries to pilot dongle-free contactless payments on Android NFC phones
Merchants in the UK, Germany, Bulgaria and Romania are to participate in the pilot of a new mobile POS (mPOS) service that enables contactless payments to be accepted on Android mobile devices “without the need for any additional hardware”... More
Dual NFC and QR mobile payments service launches in Pakistan
UnionPay, Huawei and National Bank of Pakistan (NBP) have launched a mobile payments service that lets owners of Huawei and Honor NFC phones use a single mobile wallet app to pay at any merchant equipped to accept either contactless or QR code payments... More
Alipay sets out plan for open financial services platform
Chinese mobile payments giant Alipay has announced a three-year plan to evolve its current offering into an open financial services and digital lifestyle platform — and has set a target of attracting 40m service providers by 2030... More
OEM Pay transaction volumes to exceed $1tn a year by 2024
Consumers will use payments services provided by smartphone makers and other original equipment manufacturers (OEMs) to make transactions valued at more than US$1tn a year by 2024, up from US$333bn in 2020, according to Juniper Research... More
NXP launches NFC digital car key solution
PARTNER NEWS: NXP has announced the availability of an automotive digital key solution that enables smartphones, key fobs and other mobile devices to “securely communicate, store, authenticate and share digital keys with vehicles.”... More
Wells Fargo offers $5 credit to customers who use their smartphone to make an ATM withdrawal
Wells Fargo is running a promotion that lets selected cardholders receive a US$5 credit when they use their smartphone to make a cash withdrawal at one of the US bank’s contactless ATMs... More
Helsinki Regional Transport begins contactless payments rollout
Helsinki Regional Transport has begun the rollout of EMV contactless payments across the Finnish capital’s rail, bus and ferry network... More
Samsung Pay goes live in Kazakhstan
Samsung Pay is now live in Kazakhstan, with the backing of nine local banks — Altyn Bank, Alfa Bank, ATF Bank, CenterCredit Bank, Eurasian Bank, ForteBank, Halyk Bank, Jýsan Bank and Sberbank... More
Amazon to sell its cashierless store technology to other retailers
Amazon is making the cashierless store technology it uses in its Amazon Go stores available to other retailers under a new Just Walk Out brand name... More
NFCW launches online conference and exhibition platform
KNOWLEDGE CENTRE: The NFCW team has developed a new online conference and exhibition platform that lets readers quickly and easily share information on the innovative projects, products and services they are working on with our global audience of senior executives and technical specialists — and we’re opening early access today with some very special charter rates for sponsors and exhibitors... More
HID Global adopts Cilab NFC test equipment to standardise worldwide labs
PARTNER NEWS: HID Global is using Cilab’s ci230 high-speed testing suite to reduce testing bottlenecks and standardise its NFC test results across its labs around the world — and is gaining a positive return on its investment in the equipment in less than a year, engineering director Hans-Juergen Pirch has told NFC World... More
Bahamas expands digital currency pilot
The Central Bank of The Bahamas has extended its central bank digital currency pilot to the island of Abaco and revealed that the new Sand Dollar currency will include support for offline functionality... More
MTA extends Omny payments to Manhattan buses
Omny contactless card payment availability is being expanded to all local buses in Manhattan this month, New York’s Metropolitan Transportation Authority (MTA) has announced... More
EMVCo adds support for IoT payments
Payments standards body EMVCo has extended its security evaluation methodologies and processes to include support for IoT products and solutions, “enabling emerging solutions and devices to be evaluated quickly and efficiently”... More