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Author archive: Sarah Clark


Transit Ticketing Today

Metlink bans cash payments for transit tickets

By Sarah Clark • 23 March 2020 • Updated 23 March 2020 • nfcw.com
Man using contactless card to board MetLink New Zealand bus

Metlink, the transportation agency for the Greater Wellington region of New Zealand, has ceased accepting cash payments on all buses, trains, ferries and stations “to stay one step ahead of Covid-19 and give our passengers and staff more peace of mind”... More


What's New in Payments

Norwegian banks increase domestic contactless card transaction limit

By Sarah Clark • 23 March 2020 • nfcw.com
Norway BankAxept contactless payment card being tapped on terminal

Norway is increasing the transaction limit for BankAxept domestic contactless debit card payments from 400 kr (US$34.28) to 500 kr (US$42.84) “in order to minimise the number of physical touch points where infection can be transmitted”... More


What's New in Payments

Turkey to double contactless limit as transaction volumes soar

By Sarah Clark • 20 March 2020 • nfcw.com
Soner Canko, chair of the Turkish Interbank Card Center (BKM)

Contactless transaction limits are to more than double from 120 Turkish lira (US$18.29) to 250 lira ($38.11), Soner Canko, chair of the Turkish Interbank Card Center (BKM) has announced... More


What's New in Payments

UAE urges consumers to use online banking services

By Sarah Clark • 20 March 2020 • nfcw.com
Central Bank of the UAE

The Central Bank of the UAE (CBUAE) has issued a statement strongly encouraging banking customers “to take advantage of digital and online banking services as a measure to protect the health and safety for UAE residents.”... More


What's New in Payments

Poland doubles contactless payment transaction limit

By Sarah Clark • 20 March 2020 • Updated 20 March 2020 • nfcw.com
Poland's Minister of Finance Tadeusz Kościński

Poland has doubled the country’s contactless card transaction limit from 50 zloty (US$11.85) to 100 zloty ($23.71)... More


What's New in Payments

Desjardins increases contactless limit for Canadian credit cardholders

By Sarah Clark • 20 March 2020 • Updated 20 March 2020 • nfcw.com
Desjardins

Canadian financial services group Desjardins has increased the contactless transaction limit from C$100 (US$69.72) to C$250 ($174.31) “on Desjardins terminals for Desjardins credit cardholders.”... More


What's New in Payments

National Bank of Georgia recommends contactless and mobile payments

By Sarah Clark • 20 March 2020 • Updated 2 June 2020 • nfcw.com
National Bank of Georgia

“Whenever possible, use cashless payments, contactless and mobile payments,” Georgia’s central bank has urged the country’s citizens... More


What's New in Payments

ANZ waives contactless debit card fees for small businesses in New Zealand

By Sarah Clark • 20 March 2020 • Updated 20 March 2020 • nfcw.com
ANZ

ANZ is to provide free contactless debit transactions “for eligible small business customers” in New Zealand until 30 June, the bank has announced... More


What's New in Payments

Ireland to raise contactless transaction limit to €50

By Sarah Clark • 20 March 2020 • nfcw.com
Paschal Donohoe, Ireland's Minister for Finance

Banks in Ireland have agreed to increase the contactless transaction limit from €30 (US$32.17) to €50 (US$53.54) “to minimise the handling of cash amid Covid-19”, The Irish Times reports... More


What's New in Payments

Saudi Arabia triples contactless card transaction limit

By Sarah Clark • 20 March 2020 • Updated 20 March 2020 • nfcw.com
Saudi Arabian Monetary Authority (SAMA) logo

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


What's New in Payments

Dutch banks raise cumulative contactless payments limit to €100

By Sarah Clark • 20 March 2020 • Updated 20 March 2020 • nfcw.com
Netherlands flag; credit holland.com

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


What's New in Payments

OTG to roll out Amazon Go cashierless shopping technology at New York airports

By Sarah Clark • 17 March 2020 • nfcw.com
CIBO Express with Amazon Just walk Out cashierless system

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


What's New in Payments

Barclays lets UK customers use its mobile banking app to make payments from accounts held at other banks

By Sarah Clark • 17 March 2020 • Updated 17 March 2020 • nfcw.com
Barclays

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


What's New in Payments

Merchants in four European countries to pilot dongle-free contactless payments on Android NFC phones

By Sarah Clark • 17 March 2020 • nfcw.com
NFC Smartphone with Phos mPos app and Paynetics bank card app f

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


What's New in Payments

Dual NFC and QR mobile payments service launches in Pakistan

By Sarah Clark • 17 March 2020 • nfcw.com
National Bank of Pakistan (NBP) green logo

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


What's New in Payments

Alipay sets out plan for open financial services platform

By Sarah Clark • 11 March 2020 • nfcw.com
Simon Hu CEO of Alipay parent company Ant Financial

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


What's New in Payments

OEM Pay transaction volumes to exceed $1tn a year by 2024

By Sarah Clark • 10 March 2020 • Updated 10 March 2020 • nfcw.com
Juniper Research

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


What's New in Payments

Wells Fargo offers $5 credit to customers who use their smartphone to make an ATM withdrawal

By Sarah Clark • 9 March 2020 • nfcw.com
Woman with iPhone at Wells Fargo ATM

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


Transit Ticketing Today

Helsinki Regional Transport begins contactless payments rollout

By Sarah Clark • 9 March 2020 • Updated 11 March 2020 • nfcw.com
Helsinki Regional Transport bus contactless pilot

Helsinki Regional Transport has begun the rollout of EMV contactless payments across the Finnish capital’s rail, bus and ferry network... More


What's New in Payments

Samsung Pay goes live in Kazakhstan

By Sarah Clark • 9 March 2020 • nfcw.com
Samsung Pay on watch and phone for kazakhstan launchor Kazak

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


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