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
Payments
Financial Conduct Authority to add new protections for consumers’ funds
The UK’s Financial Conduct Authority (FCA) is to tighten up its regulations “to ensure payments firms are adequately protecting customer funds” amid concerns that the impact of Covid-19 will affect their financial viability... More
Bitkom reports major switch in German attitudes to contactless payments
Seven in ten German consumers would now like to have more opportunities to use contactless payments and 75% are trying to avoid cash payments “as often as possible”, a new survey has found... More
Swedish government regulates online payment options
A new amendment to the Swedish Payment Services Act means that online merchants must now present non-credit options ahead of any options that involve the consumer taking out credit... More
Garmin lets Japanese commuters add Suica transit cards to smart wearables
Garmin smartwatch owners in Japan can now add their Suica transit card to their wearable device and use it to pay for public transportation and at stores that accept Suica payments... More
Tappy demo shows how brands can add contactless payments to wearables
PARTNER NEWS: A product demo that shows how brands can use Tappy’s wearable payment technology to let customers add their preferred payment card to a wide range of traditional watches, key fobs, rings and other battery-free devices is now available to view in the NFCW Knowledge Centre... More
Leaked images show how Apple Pay QR codes may look
Apple is preparing to introduce its own QR codes later this year, leaked files shared with former Techcrunch reporter Josh Constine suggest... More
Transact rolls out Android NFC student IDs at 16 US universities
Campus card solutions provider Transact has rolled out support for Android NFC student IDs, integrated with Google Pay, to 16 US universities... More
Ghana switches on national instant QR mobile payments platform
The Ghana Interbank Payment and Settlement Systems (GhIPSS) has switched on a QR code-based mobile payments platform that uses a nationally harmonised QR symbol and instantly transfers funds from a consumer’s mobile wallet or bank account to the merchant’s... More
ABI: An extra 110m contactless cards will now be issued in 2020
An additional 110m contactless payment cards will be issued in 2020 compared with pre-Covid-19 forecast expectations, ABI Research predicts, bringing the total in circulation to more than 2bn... More
Israel to increase contactless payments limit by 50%
The contactless payment limit is to be increased from ILS 200 (US$56.35) to ILS 300 (US$84.52) “by the end of 2020”, the Bank of Israel has announced, “in order to improve dealing with the coronavirus pandemic”... More
Three in ten US consumers to use contactless and mobile payments post-pandemic
A new survey has found that 45% of US consumers are now using “a mobile wallet of some type”, 16% are using paper-based currency less than before the pandemic and 31% say will use contactless or mobile wallet payments instead of cash and cheques in the aftermath of Covid-19... More
NNG reports on the user experience required to successfully deliver face-based payments in stores
Face-based payments offer the potential to improve customer convenience and increase checkout speeds in stores but require consumer education to be built into the user experience to alleviate security concerns, an in-depth study of services currently on offer in China has found... More
Costa Rica to introduce national NFC and QR transit ticketing system
Costa Rica has announced plans to implement a national, multimodal transit ticketing infrastructure that includes support for both QR mobile payments and EMV contactless cards and devices... More
HID Global adds employee IDs to NFC wearables
PARTNER NEWS: HID Global has announced that employee ID card issuers can now use its Seos digital credential technology to let staff use smart watches, watchbands, rings and other devices to gain access to buildings, log in to PCs and cloud applications, make payments at vending machines, and more... More
Contactless payments growth rate doubles in Nordic countries
The contactless payments growth rate in the Nordic region has doubled during the first four months of this year, regional payments processor Nets reports, “as social distancing steers Nordic consumers away from chip and PIN”... More
Amex reports shift in US consumer attitudes to contactless payments
The number of US consumers reporting that they are using contactless payments in stores has increased by 11%, an Amex survey has found. 50% of the surveyed consumers who have used contactless agree that it is safer for their health than using cash. More
BharatPe adds voice alerts to merchant app to combat spread of Covid-19
BharatPe launches two new features in its app to curb need to touch handsets for checking transactions — Economic Times — “With Paisa Bolega — voice alerts of transactions — shopkeepers will be able to hear aloud instant confirmation of all payments received through their BharatPe QR, without touching the phone… This does away [with] the need for the merchant to check his phone repeatedly to see if money has come in.”
UK consumers report growing concerns over using ATMs and payment terminals
Touching technology: preparing for a post-pandemic future — Foolproof — “Since the outbreak, three out of four people say they are now more concerned than before about ATMs, a similar number about touchscreens in GP surgeries and more than half of users are more concerned than before about smartphones. Previously much less of a worry, card payment terminals are now more of a concern for six out of ten users, making it into the top 5 touchpoints of concern.”
Survey finds 84% of consumers are ‘thinking differently about how they make payments’
Over half of UK consumers have tried a new payment method since the outbreak of Covid-19 — Paysafe — “In the company’s latest ‘Lost in Transaction’ survey, in which 8,000 consumers globally were asked about their payment habits, findings revealed that 54% of UK consumers have used new forms of payments since the Covid-19 outbreak began, and 84% of respondents globally admitted they were now thinking differently about how they make payments.”