NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, near field communication (NFC) and contactless, and beyond Wed, 01 Apr 2020 13:19:24 +0000 en-US hourly 1 https://wordpress.org/?v=5.4 https://www.nfcw.com/wp-content/uploads/2020/02/cropped-nfcw-favicon-white-32x32.png NFCW https://www.nfcw.com 32 32 37289602 Fitbit Charge 4 launches with NFC contactless payments https://www.nfcw.com/2020/04/01/366209/fitbit-charge-4-launches-with-nfc-contactless-payments/ Wed, 01 Apr 2020 13:19:24 +0000 https://www.nfcw.com/?p=66209 The latest health and fitness tracker from Fitbit comes with contactless payments as standard. The Fitbit Charge 4 includes Fitbit Pay, the company’s prepaid wallet that works with cards from nearly 500 issuers in 44 countries worldwide. Previously, Charge buyers had to pay extra for a ‘special edition’ Charge 3 to get built-in NFC payment […]

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Visa reports on the impact of Covid-19 on payment volumes https://www.nfcw.com/2020/04/01/366203/visa-reports-on-the-impact-of-covid-19-on-payment-volumes/ Wed, 01 Apr 2020 12:01:25 +0000 https://www.nfcw.com/?p=66203 US credit card payment volumes decreased by 7% in March 2020 compared with March 2019, Visa has reported, while cross-border transaction volumes have fallen 19%. Debit card volumes dropped by 1%, resulting in an overall reduction in Visa’s US payments volume of 4%, the payments network says in a form 8-K regulatory filing. “As the […]

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Qatar triples contactless transaction limit https://www.nfcw.com/2020/03/31/366186/qatar-triples-contactless-transaction-limit/ Tue, 31 Mar 2020 12:47:11 +0000 https://www.nfcw.com/?p=66186 Banks in Qatar are raising the contactless transaction limit from 100 riyals (US$27.46) to 300 riyals (US$82.39), in a bid to limit the spread of Covid-19. “For contactless purchases up to QAR 300 at selected POS terminals, and up to QAR 1,500 (US$411.97) cumulative at any merchant globally, no PIN entry is required,” QNB says. […]

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EBA recommends Europe-wide contactless transaction limit increase https://www.nfcw.com/2020/03/26/366181/eba-recommends-europe-wide-contactless-transaction-limit-increase/ Thu, 26 Mar 2020 15:39:42 +0000 https://www.nfcw.com/?p=66181 The European Banking Authority has issued a statement urging the European payments industry to increase contactless transaction limits to €50 (US$54.97). “Well-functioning payment services are vital at this time, and contactless payments should be stepped up to the threshold allowed under EU law,” the EBA says. The EBA has “noted the importance of orderly payments […]

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Table: Contactless payment transaction limit increases around the world https://www.nfcw.com/2020/03/26/366173/table-contactless-payment-transaction-limit-increases-around-the-world/ Thu, 26 Mar 2020 12:50:43 +0000 https://www.nfcw.com/?p=66173 Countries around the world are increasing the contactless transaction limit in a bid to combat the spread of Covid-19. NFCW has collated into one table the increases for each country and will keep it up to date during the crisis. The countries which have announced increases to date are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus, […]

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Mastercard: 29 countries have now agreed to raise their contactless payment limit https://www.nfcw.com/2020/03/25/366151/mastercard-29-european-countries-have-now-agreed-to-raise-their-contactless-payment-limit/ Wed, 25 Mar 2020 17:00:39 +0000 https://www.nfcw.com/?p=66151 Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says. The countries are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus, Estonia, Georgia, Germany, Greece, Hungary, Ireland, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Macedonia, Poland, Portugal, Spain, Sweden, Tajikistan, […]

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ST to host NFC reader webinar https://www.nfcw.com/2020/03/25/366146/st-to-host-nfc-reader-webinar/ Wed, 25 Mar 2020 15:42:57 +0000 https://www.nfcw.com/?p=66146 PARTNER NEWS: ST is to host a webinar on designing robust, powerful and effective NFC readers for industrial, automotive, consumer and payment applications on 31 March. “During this one-hour webinar, you will learn how the advanced features of the latest generation of NFC reader ICs will ease your NFC design,” ST says. “We will highlight […]

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Mastercard, Thales and Tappy explain how watch and wearable brands can add support for payments https://www.nfcw.com/2020/03/24/366132/mastercard-thales-tappy-explain-how-watch-and-wearable-brands-can-support-payments/ Tue, 24 Mar 2020 15:26:38 +0000 https://www.nfcw.com/?p=66132 KNOWLEDGE CENTRE: The opening session of the Wearable Payment Summit 2020, NFCW’s first online conference, is now available to watch free of charge in our Knowledge Centre. NFCW’s editor, Sarah Clark, is joined for this opening panel discussion by: Wayne Leung, CEO of wearable payment innovator Tappy Technologies, in Canada Vijin Venugopalan, head of Mastercard […]

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UK raises contactless transaction limit by 50% https://www.nfcw.com/2020/03/24/366125/uk-raises-contactless-transaction-limit-by-50/ Tue, 24 Mar 2020 13:30:47 +0000 https://www.nfcw.com/?p=66125 The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to roll out from 1 April 2020.

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Germans switch to contactless payments amid coronavirus concerns https://www.nfcw.com/2020/03/23/366122/germans-switch-to-contactless-payments-amid-coronavirus-concerns/ Mon, 23 Mar 2020 16:54:41 +0000 https://www.nfcw.com/?p=66122 “Coronavirus concerns have pushed consumers across Germany to make the switch to using contactless payments for the first time,” The Local.de reports. “More than half of payments currently being made by card are contactless, compared with 35% before the coronavirus crisis hit, according to the German Credit Agency (DK),” the publication says. “Germany has remained […]

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