What's New in Payments

One in five in-person Visa card transactions in the US are now contactless

Alfred Keylly Visa CEO

Nearly 20% of all in-person Visa card transactions in the US are now contactless, with that proportion rising to more than 25% in Los Angeles, Detroit, Orange County, Miami and Salt Lake City, over 30% in San Francisco, San Jose and Oakland, and reaching 45% in New York, according to the card network’s Q1 2022 earnings call... More



NFC World

Apple to add new NFC features in iOS 12?

Apple's Worldwide Developers Conference will be held in California next week

Apple is set to announce that iOS 12 will include “a significant change” to the iPhone’s NFC capabilities that “could pave the way for people to use iPhones for other security-sensitive interactions, from paying transit fares and opening car doors to verifying their identity in other ways”, according to a report in The Information... More


PayPal expands into mainstream banking

PayPal makes a move toward traditional banking — Wall Street Journal — “The San Jose, Calif-based payments company has been quietly reaching out to groups of customers in recent months with an offer to add basic banking features to their PayPal digital wallet. The features include Federal Deposit Insurance Corp insurance for their balances, a debit card that can be used to withdraw cash at ATMs and the ability to direct-deposit their paychecks.”