Passengers travelling on three inter-regional bus routes in South Korea’s Gyeonggi-do province can now test a ‘tagless’ fare payment system that enables them to pay for their tickets without needing to tap an onboard contactless reader with their transit card or smartphone... More
Payments
Brescia rolls out account based contactless ticketing across entire public transport network
Passengers travelling on Brescia Mobilità buses in the northern Italian city and 14 surrounding municipalities can now make contactless fare payments with their credit or debit card or from a digital wallet on their NFC phone or smart watch... More
World Bank finds contactless cards are not yet displacing cash
Contactless payments technology is causing “a sizable increase in the use of debit cards for small-value payments”, but is having an “economically small and statistically insignificant” impact on the use of cash and cash demand, according to a study conducted by the World Bank... More
Riksbank extends e-krona pilot to real world test environments
Sweden’s central bank The Riksbank is to begin testing its e-krona central bank digital currency (CBDC) with external partners to assess how a digital krona would operate within a real world banking and payments infrastructure... More
Apple eyes alternative payments with new business development role
Apple is seeking to recruit a business development manager to research and form partnerships with “strategic alternative payment providers”, launch “new programs” and contribute to “business strategy and product roadmaps for the growth of Apple Pay and Wallet Services”, a job advertisement posted by the company reveals... More
German savings banks trial digital receipts for NFC smartphone users
Consumers in the Cologne-Bonn area of Germany will soon be able to receive digital receipts on their NFC smartphone for in-store purchases at merchants taking part in a pilot of a new digital receipt service being launched by the Sparkasse group of savings banks... More
Hyundai to let US electric vehicle drivers make payments from their car
Motorists purchasing Hyundai’s Ioniq 5 crossover utility vehicle (CUV) in North America will be able to pay for electric vehicle (EV) charging, parking, food and beverages directly from the fully electric car’s infotainment screen... More
CTA lets Android users tap and pay for transit fares in Chicago
Passengers on public transportation services in Chicago in the US can now use an Android NFC smartphone to make tap-and-go fare payments by uploading the Chicago Transit Authority’s (CTA) virtual Ventra transit card to Google Pay... More
Nearly 90% of card present payments globally were made using EMV chip cards in 2020
Almost nine in 10 card present transactions conducted globally (86.1%) were made using EMV chip-enabled payment cards between January and December 2020, according to standards body EMVCo... More
UK merchants get extra six months to implement strong customer authentication
The UK’s Financial Conduct Authority (FCA) has extended the deadline for the implementation of strong customer authentication (SCA) for online purchases by a further six months... More
Market Pay picks Dejamobile to let merchants accept contactless payments on NFC devices
PARTNER NEWS: Market Pay is enabling merchants to use a standard Android NFC smartphone or tablet to accept contactless payments at the point of sale without needing any additional hardware... More
Swift and Accenture lay out requirements for cross border CBDC payments infrastructure
Ensuring that central bank digital currencies (CBDCs) are interoperable and integrated with existing payment infrastructures are among the key requirements for their successful implementation in cross border transactions, according to a joint paper published by Swift and Accenture... More
Clipper rolls out support for Google Pay for transit fares in San Francisco Bay Area
Android users can now upload their Clipper transit card to Google Pay, reload their card balance and pay for their fares on 24 transit systems across the San Francisco Bay Area of the USA with their smartphone... More
CBA reports 90% increase in digital wallet transactions in Australia
The Commonwealth Bank of Australia (CBA) has seen the number of monthly digital wallet transactions increase by 90% from 36m in March 2020 to 68m in March this year, with the total value more than doubling from A$2.1bn (US$1.6bn) to A$1bn (US$0.8bn) in the same period... More
EU steps up investigation into Apple Pay
The European Commission’s investigation into Apple Pay is “moving ahead on top of an investigation into how the iPhone maker requires software developers to use its in-app purchasing system”, the EU’s competition commissioner Margrethe Vestager has told Bloomberg News... More
ABI forecasts open loop EMV transit ticketing payment cards to top 136m by 2025
The number of open-loop EMV contactless cards used to make transit ticketing payments worldwide will increase from 24.8m currently to 136.9m by 2025, according to an ABI Research forecast... More
Most UK retailers say strong customer authentication is not a key concern for post-pandemic recovery
Only one in six (12.8%) UK merchants rates the introduction of strong customer authentication (SCA) for online payments as a big business concern as the economy recovers from the Covid-19 pandemic, according to a survey published by Signifyd... More
Kazakhstan to pilot central bank digital currency
The National Bank of the Republic of Kazakhstan has published a public consultation document as part of its plans to develop and pilot a central bank digital currency (CBDC)... More
German supermarket to trial anonymous checkout-free shopping
Customers at a supermarket in the German city of Cologne owned by retail giant Rewe will soon be able to enter the store by scanning a QR code, selecting the items they wish to buy and paying for them from their mobile phone without needing to scan their purchases or use a checkout... More
California begins state-wide rollout of fare capped open loop contactless ticketing
Passengers using Monterey-Salinas Transit (MST) buses are the first in the state of California, USA, to be able to pay their fares with their bank card or payment-enabled mobile device using a fare-capped open loop contactless ticketing system... More