Finextra

AUGUST 14, 2024

Apple is opening up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers in a host of countries - including the US and UK - but will charge associated fees.

Contactless Payments 134

Contactless Payments CHIPS Payments Technology 134

Finextra

JULY 11, 2024

Apple has staved off massive European Commission fines by agreeing to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers.

Contactless Payments 130

Contactless Payments CHIPS Payments Technology 130

Finextra

APRIL 22, 2024

EC antitrust regulators are set to approve an offer from Apple to open up the NFC chip technology that enables iPhone users to make contactless payments to third-party providers, according to Reuters.

Contactless Payments 130

Contactless Payments CHIPS Payments Regulations 130

The Fintech Times

DECEMBER 19, 2023

Currently, almost 20 per cent of Worldpay from FIS Point-of-Sale (POS) systems in the UK are now equipped to accept JCB contactless payments. This trend is causing an increasing number of merchants in the UK to prepare themselves for a cashless future, with comprehensive contactless payments emerging as a critical function.

Contactless Payments 64

Contactless Payments Point-of-Sale (POS) Payments EMV 64

Stax

MARCH 14, 2024

EMV (Europay, Mastercard, and Visa) chip card use has continued to expand in use since its tumultuous rollout in 2015. The EMV standard has now become a global standard for cards equipped with computer chips and the technology used to authenticate chip-card transactions. The chip does not affect the price of processing payments.

Chip Cards 88

Chip Cards CHIPS EMV Debit Card 88

Clearly Payments

OCTOBER 3, 2024

Payment terminals, often referred to as point-of-sale (POS) terminals or credit card machines, are devices that enable businesses to accept electronic payments from customers. There is a difference between a payment terminal (credit card machine) and a POS. This includes credit card, debit, gift cards, and other payment types.

Credit Cards 89

Credit Cards Contactless Payments Payments Point-of-Sale (POS) 89

Finextra

JANUARY 19, 2024

Apple has moved to head off European Commission antitrust charges by offering third-party party providers access to the NFC chip technology that enables iPhone users to make contactless payments.

Contactless Payments 84

Contactless Payments CHIPS Payments Technology 84

PYMNTS

OCTOBER 14, 2019

Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. According to payment gateway NMI, just 3 percent of payments in the U.S. don’t rely on swiping or chip card readers. New data from U.K. billion ($63.8

Contactless Payments 58

Contactless Payments Debit Card CHIPS Credit Cards 58

The Payments Association

OCTOBER 4, 2024

The card payment industry has transformed how consumers and businesses handle financial transactions, with credit, debit, and prepaid cards playing a central role in everyday commerce. Technological disruption and innovation The rapid pace of technological change is both a challenge and an opportunity for the card payment industry.

Cross-Border Payments 88

Cross-Border Payments Online and Mobile Banking Cross-Border Alternative Payment Methods 88

PYMNTS

OCTOBER 1, 2019

From barter, to cash, to eCommerce, and now, to contactless payments – even those enabled by voice command. The steady drumbeat of tech has brought purchasing from bills and coins to cards and contactless payments – done across all manner of devices and through pushes, taps, swipes and waves, at any time. percent; the 42.2

Contactless Payments 56

Contactless Payments Consumer Payments Push-to-Card 56

PYMNTS

OCTOBER 14, 2019

Finance shows that contactless payments in the country continue to grow. In fact, almost 50 percent of all debit card payments are contactless. According to payment gateway NMI, just 3 percent of payments in the U.S. don’t rely on swiping or chip card readers. New data from U.K. billion ($63.8

Contactless Payments 49

Contactless Payments Continuity Debit Card CHIPS 49

PYMNTS

MAY 22, 2019

We are talking about consumer acceptance of contactless payments in the U.S. specifically, the use of such payments for mass transit in New York City. transit agency to implement contactless payments using Visa’s global transit framework. The ongoing push toward more contactless payments in the U.S.

Contactless Payments 68

Contactless Payments Push-to-Card Payments EMV 68

Clearly Payments

MARCH 22, 2024

In the landscape of commerce, mobile payments have emerged as a disruptive force, altering the way people engage in financial transactions. As technology advances and consumer preferences evolve, the trajectory of mobile payments promises unparalleled convenience, robust security, and seamless integration into our daily lives.

Contactless Payments 102

Contactless Payments Online and Mobile Banking Mobile Payments Payments 102

Payments Source

MARCH 26, 2018

Microchip implants could be considered the ultimate form of mobile payment — skipping the smartphone altogether in favor of giving people bionic abilities. And a small segment of the population is already lining up to try it out.

CHIPS 168

CHIPS Mobile Payments Payments Contactless Payments 168

The Fintech Times

JULY 17, 2024

For four years, Apple has been making its case to the EU that it is not monopolising the payments and technology markets by restricting who can use its tech. In order not to face heavy fines, Apple has allowed its rivals access to its tap-and-go payments technology through its NFC chip, free of charge.

Card Issuer 116

Card Issuer Payments Contactless Payments CHIPS 116

FICO

JUNE 8, 2017

As new countries such as those in the Nordics embrace contactless payments, people are asking about the impact on fraud. The good news is that contactless doesn’t appear to increase fraud. First-party fraud is one of the most prevalent, growing and insidious forms of fraud in a mature EMV (chip issuance) market.

Contactless Payments 58

Contactless Payments Risk CHIPS Payments 58

PYMNTS

DECEMBER 19, 2018

19) that it is supplying Intesa Sanpaolo, the Italian bank, with what it said is the first Mastercard biometric contactless payment card. In a press release , Gemalto said it will test an EMV contactless biometric card for Europe via a pilot program backed by Intesa Sanpaolo and Mastercard.

Contactless Payments 59

Contactless Payments Visa EMV Enrollments 59

Fintech Finance

FEBRUARY 5, 2024

PayTabs Group , MENA’s award-winning payment orchestration powerhouse today announced it had partnered with Nearpay , Saudi Arabia’s leading Payment Infrastructure as a Service fintech brand to offer users across Jordan and other PayTabs markets in the region, an elevated soft POS payment experience.

Contactless Payments 52

Contactless Payments Payments Encryption CHIPS 52

PYMNTS

DECEMBER 21, 2020

Although the wagons have begun to circle more publicly and more recently on Apple and its payments stance — given the very public lawsuit over in-app purchases — large-scale efforts to challenge Apple’s position on allowing anyone other than Apple access to the NFC chip haven’t gotten much media bandwidth. 23-25, 2020.

CHIPS 91

CHIPS NOV Online and Mobile Banking Contactless Payments 91

Stax

FEBRUARY 28, 2024

consumers using cash for purchases , choosing the right payment terminal for your business is more important than ever. Businesses need to streamline the entire payment process by offering customers a payment setup that’s fast and convenient for credit card transactions. A Comparison of Different Payment Terminal Setups?

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

PYMNTS

DECEMBER 23, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Here is the response from Steven Cole, Senior Product Manager, EMV, Vantiv … Payments 2016: The Year Of The Chip.

CHIPS 53

CHIPS EMV Payments Contactless Payments 53

PYMNTS

JULY 6, 2018

Generating year-on-year growth of nearly 4 percent, Smart Payment Association (SPA) data indicates that 2.3 billion payment chip cards were shipped worldwide in 2017. had soared the global demand for smart payment cards by as much as 34 percent, an SPA report found in 2016. The news comes as the shift to EMV in the U.S.

Chip Cards 44

Chip Cards CHIPS EMV Contactless Payments 44

Fintech Finance

JUNE 18, 2024

Within this total: The number of contactless debit card transactions (1.364 billion) was 5.3 The number of contactless credit card transactions (225 million) was 9.3 This means contactless payments accounted for 76 per cent of all debit card transactions and 63 per cent of all credit card transactions made during March 2024.

Debit Card 98

Debit Card Credit Cards Contactless Payments CHIPS 98

Fintech Finance

DECEMBER 19, 2023

In 2023, almost 20% of Worldpay Point of Sale (POS) systems in the UK are now equipped to accept JCB contactless payments. As part of JCB’s mid-term plan, the next stage will see JCB Contactless enabled across on the remaining 80% of Worldpay terminals across the UK, with full rollout expected to be completed by the end of 2024.

Point-of-Sale (POS) 52

Point-of-Sale (POS) Contactless Payments EMV CHIPS 52

PYMNTS

MARCH 27, 2017

As card swipes turned to chip insertions across the U.S., Recently, to combat long lines and payments fatigue, financial, merchant service and mobile payment company Square rolled out a firmware update to its chip payment terminals. lines got longer and customers got more frustrated.

CHIPS 41

CHIPS Chip Cards Push-to-Card Debit Card 41

The Paypers

APRIL 24, 2023

Neobank Viva Wallet has partnered with Elo to enable merchants to accept Chip & PIN and Tap-on-Phone contactless payments with one device.

Contactless Payments 36

Contactless Payments CHIPS Payments 36

PYMNTS

FEBRUARY 1, 2017

customers using contactless payments to make purchases, AIB announced that it will continue to waive transaction fees for purchases of $30 or less. to charge for contactless payments is Bank of Ireland. We don’t currently charge a transaction fee for contactless as it’s waived,” a company spokesperson told Newstalk. “We

Contactless Payments 40

Contactless Payments Transactions Payments Card Association 40

Stax

NOVEMBER 13, 2023

Since the first plastic credit card was issued by American Express in 1959 , payment tech progress has been growing exponentially. Magnetic stripe payments enjoyed a 30-year reign between the ’70s and ’90s. EMV chip card technology had a good two decades or so, beginning in the mid-’90s.

Contactless Payments 88

Contactless Payments Push-to-Card Online and Mobile Banking Encryption 88

PYMNTS

JUNE 8, 2017

Apple will enable third-party app developers to get access to the NFC chip inside the iPhone 7 and the iPhone 7 Plus via the iOS 11 that is coming soon. According to a report , Apple Pay had been the only service allowed to use Apple’s near-field communications chip that enables contactless payments.

CHIPS 51

CHIPS Contactless Payments Venmo P2P 51

PYMNTS

JANUARY 18, 2021

Infineon Technologies , which works as a semiconductor manufacturer, is doing away with employee identification cards at its Germany headquarters and instead implementing a new smart card solution that combines office building access and Mastercard contactless payments capabilities, according to a FinTech Intel report.

Visa 108

Visa Payments Contactless Payments EMV 108

EBizCharge

JULY 2, 2024

In the modern business landscape, collecting payments efficiently is essential for maintaining a smooth operation and fostering customer loyalty. As technology advances, businesses have access to a variety of innovative payment solutions that can make the process quicker, more secure, and more convenient for all parties.

Contactless Payments 52

Contactless Payments Payments Disputes Online and Mobile Banking 52

PYMNTS

NOVEMBER 2, 2016

Contactless credit cards have seen a slow rate of adoption in the U.S., but that may all change thanks to the continuing rollout of chip cards and new payments in terminals around the country. According to a report by The New York Times , use of mobile wallets, including Apple Pay and Samsung Pay, is also growing in the U.S.

Contactless Payments 76

Contactless Payments Debit Card Chip Cards Credit Cards 76

PYMNTS

APRIL 11, 2019

Welcome to The Axis, your late look at payments news from around the world. In the United Kingdom, Bristol is a leader in contactless payments and could be one of the country’s “first cashless cities,” BristolLive reported. When a participant becomes ill, members chip in evenly to each payment.

Contactless Payments 43

Contactless Payments Payments CHIPS Participant 43

Payments Source

MARCH 8, 2017

After two years of development and fundraising, Kerv Wearables says it is launching the Kerv Ring as a contactless payment device using a Mastercard prepaid account and the card brand's EMV chip technology.

Visa 60

Visa Contactless Payments EMV CHIPS 60

Neopay

JUNE 24, 2024

This means contactless payments accounted for 76 per cent of all debit card transactions and 63 per cent of all credit card transactions made during March 2024. The total value of contactless transactions was £25.1 Total spending across all cards, including contactless, online and chip and pin was £75.8

Debit Card 52

Debit Card Credit Cards Contactless Payments CHIPS 52

Payments Source

JANUARY 31, 2017

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.

Issuers 60

Issuers Chip Cards Contactless Payments EMV 60

Fintech Finance

JANUARY 15, 2024

NYSE: JBL) today announced ongoing innovation between its payment solutions business unit and Revolut , a digital banking pioneer and global financial super app provider, to support the neobank’s rapid growth trajectory and global expansion in merchant acquiring.

Mobile Payments 59

Mobile Payments Innovation Product Payment APIs and Integration 59