What’s New in Payments – NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, NFC and contactless, and beyond Wed, 18 Sep 2019 15:39:38 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 https://www.nfcw.com/wp-content/uploads/2019/07/cropped-nfcw-favicon-white-001-32x32.png What’s New in Payments – NFCW https://www.nfcw.com 32 32 37289602 Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit https://www.nfcw.com/2019/09/18/364410/revolut-lets-customers-pre-authenticate-their-contactless-card-as-they-approach-the-sca-transaction-limit/ Wed, 18 Sep 2019 15:07:20 +0000 https://www.nfcw.com/?p=64410 UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase. “From 14 September, […]

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Accenture issues $280bn payments revenue warning to banks https://www.nfcw.com/2019/09/17/364404/accenture-issues-280bn-payments-revenue-warning-to-banks/ Tue, 17 Sep 2019 14:12:15 +0000 https://www.nfcw.com/?p=64404 Banks are at risk of losing up to 15% of global payments revenue, valued at US$280bn, due to “the growth of digital payments and competition from non-banks”, Accenture predicts — but they also have the opportunity to capture US$500bn in new payments-related revenues “if they adopt innovative business models”. Global payments revenue will grow at […]

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Monzo to use app notifications to address Strong Customer Authentication communications issues https://www.nfcw.com/2019/09/17/364398/monzo-to-use-app-notifications-to-address-strong-customer-authentication-communications-issues/ Tue, 17 Sep 2019 12:55:23 +0000 https://www.nfcw.com/?p=64398 UK-based neobank Monzo is to use app notifications to provide customers who have a contactless card transaction declined due to new Strong Customer Authentication (SCA) requirements with the information needed for them to successfully complete their transaction. SCA forms part of the EU’s revised Payment Services Directive II (PSD2). It officially came into force across […]

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Apple expands 3% cashback network for Apple Card holders to Walgreens and Duane Reede stores https://www.nfcw.com/2019/09/13/364372/apple-expands-3-cashback-network-for-apple-card-holders-to-walgreens-and-duane-reede-stores/ Fri, 13 Sep 2019 10:26:46 +0000 https://www.nfcw.com/?p=64372 US Apple Card holders shopping at Walgreens and Duane Reade stores can now earn 3% cashback on their purchases when they use their mobile phone to make an Apple Pay payment with their Apple Card. Until now, Apple Card holders were only eligible for 3% cashback on Apple Pay purchases from Apple and from Uber. […]

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PepsiCo unveils customer loyalty programme that delivers cashback rewards to PayPal and Venmo accounts https://www.nfcw.com/2019/09/12/364368/pepsico-unveils-customer-loyalty-programme-that-delivers-cashback-rewards-to-paypal-and-venmo-accounts/ Thu, 12 Sep 2019 16:54:00 +0000 https://www.nfcw.com/?p=64368 PepsiCo has launched a loyalty programme that lets customers use their mobile phone to scan a code printed on drink bottles and snack bags to earn 10% cashback each time they buy both a drink and a snack — and receive their rewards as an automatic credit to their PayPal or Venmo account each time […]

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Mastercard to build blockchain cross-border payments platform https://www.nfcw.com/2019/09/11/364352/mastercard-to-build-blockchain-cross-border-payments-platform/ Wed, 11 Sep 2019 16:04:15 +0000 https://www.nfcw.com/?p=64352 Mastercard has announced it is to work with blockchain specialist R3 “to develop and pilot a new blockchain-enabled cross-border payments solution that will initially focus on connecting global faster payments infrastructures, schemes and banks supported by a clearing and settlement network operated by Mastercard”. The platform is designed to address issues such as high processing […]

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NAB to integrate receipts into mobile banking app https://www.nfcw.com/2019/09/11/364341/nab-to-integrate-receipts-into-mobile-banking-app/ Wed, 11 Sep 2019 11:33:04 +0000 https://www.nfcw.com/?p=64341 Customers of National Australia Bank will be able to begin viewing receipts for their purchases from within their mobile banking app from later this year. NAB is one of three Australian banks who have invested in Slyp, a startup founded by former PayPal executives that says it has “completely reimagined” the receipt, the Australian Financial […]

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Nissan to build RFID payments into all cars sold in Brazil https://www.nfcw.com/2019/09/10/364322/nissan-to-build-rfid-payments-into-all-cars-sold-in-brazil/ Tue, 10 Sep 2019 10:53:49 +0000 https://www.nfcw.com/?p=64322 All Nissan vehicles manufactured in Brazil are to come factory-installed with Sem Parar RFID tags, enabling them to be used to make in-vehicle payments for electronic tolls, car parking, fuel and retail transactions — including at McDonald’s drive-thrus across the country. Used vehicles sold by Nissan dealerships will also be retrofitted with Sem Parar’s RFID […]

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Albert Heijn opens cashierless supermarket in the Netherlands https://www.nfcw.com/2019/09/10/364316/albert-heijn-opens-cashierless-supermarket-in-the-netherlands/ Tue, 10 Sep 2019 10:52:21 +0000 https://www.nfcw.com/?p=64316 Dutch supermarket giant Albert Heijn has opened an autonomous mini supermarket that lets shoppers use their bank card to gain entry to the store, select items valued at up to the contactless card limit of €25 and then self-checkout — without the need to first download an app. The self-contained digital shop concept is just […]

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Apple Pay goes live in Georgia https://www.nfcw.com/2019/09/09/364314/apple-pay-goes-live-in-georgia/ Mon, 09 Sep 2019 13:52:48 +0000 https://www.nfcw.com/?p=64314 Apple Pay has added the country of Georgia to the list of nations where the mobile payments service is available. Four Geogian banks are supporting Apple Pay at launch: Bank of Georgia (Mastercard debit and credit cards, Visa debit and credit cards), TBC Bank (Mastercard debit and credit cards, Visa debit and credit cards, Electron […]

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