American Express, Discover, Mastercard and Visa have announced that “they are each beginning technical preparations for global expansion” of Click to Pay, the single buy button solution for online merchants based on the EMVCo Secure Remote Commerce (SRC) standard... More
Brazil’s central bank has “ordered Visa and Mastercard to suspend the start of activities or immediately stop using the WhatsApp application to initiate payments and transfers”... More
PARTNER NEWS: Xiaomi is to use NXP’s mWallet 2Go technology to let consumers across Europe make payments using its low-cost Mi Smart Band 4 wearable... More
WhatsApp users in Brazil can now make payments to local merchants and send money to friends and contacts “without leaving their chat”... More
Canada’s DCBank has partnered with technology supplier XTM to provide shopping malls and entertainment venues with ‘reverse ATMs’ that let customers instantly convert their physical money into a prepaid Mastercard they can then use to make payments at cashless points of sale... More
Axis Bank has become the first in India to offer merchants the ability to accept NFC, contactless, QR and remote payments on standard smartphones... More
Octopus transit card holders can now use their iPhone or Apple Watch to pay their fares and make purchases at 35,000 retail outlets across Hong Kong that accept Octopus for payments... More
A new Samsung Money by SoFi service due to launch in the US “later this summer” will provide “a mobile-first money management experience that brings a cash management account and a Mastercard-branded debit card along with exclusive benefits into Samsung Pay,” the company has announced... More
PARTNER NEWS: Dejamobile has launched a white label solution that enables merchants to be provided with the ability to accept EMV contactless and digital payments on standard NFC phones and tablets — with no additional hardware required... More
Shipments of NFC-ready POS terminals reached 47.8m units globally in 2019, bringing the total to 100.4m worldwide, according to Berg Insight... More
“We have seen over 40% growth in contactless transactions worldwide in the first quarter,” Mastercard president Michael Miebach has revealed, with “more than half of new tappers saying they will continue to use contactless once this pandemic is over.”... More
Westpac switches on Apple Pay for customers — Westpac — “Apple Pay is now available for Westpac customers with an eligible Mastercard debit or credit card, or eftpos Handycard… Debit card holders can now choose the payment option linked to their card when they pay with Apple Pay, including ‘Mastercard Debit’, ‘eftpos CHQ’ and ‘eftpos SAV’.”
Leaked screenshots of a new Google Pay debit card, to be issued by banks partnering with the search engine giant for its planned move into the US banking market, include mention of an option to use a digital version of the card “for Bluetooth mobile payments”... More
KNOWLEDGE CENTRE: Convenience, consumer choice, and the ability to use contactless payments for public transportation hold the key to driving the mass market adoption of wearable payments in urban environments, Timex, Mastercard and Tappy explain in a panel discussion which is now available to watch free of charge in the NFCW Knowledge Centre... More
The contactless transaction limit in Switzerland and Liechtenstein is to be temporarily increased from 40 francs (US$41.60) to 80 francs (US$83.21) “in order to protect customers”... More
Contactless transaction limits are being increased in Kenya, Tanzania, Uganda and Mauritius, Mastercard has announced... More
Visa and Mastercard are increasing the contactless payment limit in Canada by 150%, from C$100 (US$70) to C$250 (US$176)... More
The Australian payments industry has begun implementing an increase in the country’s contactless payments transaction limit, from A$100 (US$60) to A$200 (US$120)... More
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... More
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... More
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