Fintech News

FEBRUARY 28, 2024

Xiaomi-backed online brokerage Tiger Brokers Singapore has collaborated with online money transfer service Wise to introduce the Tiger BOSS debit card. With the Tiger BOSS debit card, users can start deploying rewards earned into their investments of choice from the time when a transaction is approved.

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Fintech Finance

JULY 23, 2024

Key figures for 2023 The total number of payments made in the UK increased by five per cent to 48.1 Credit and Debit Cards Debit cards remain the most popular payment method, accounting for 51 per cent of all payments made in 2023. billion, up from 45.7 billion in 2022. During 2023, there were 18.3

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Payments Source

OCTOBER 7, 2019

Contactless payment transaction volume is soaring in Canada to the point where total credit card transaction volume is edging out debit card transactions for the first time because many consumers are using credit cards to tap and pay.

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Contactless Payments Credit Cards Debit Card Volume 98

NFCW

JULY 3, 2024

OPEN PAYMENT: Venice public transport users can use contactless cards to pay for their fares Visitors to Venice can now use a contactless debit or credit card to pay for fares on any of the city’s public transportation services, including water buses, speedboats, motorboats, ferries, buses and trams.

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Fintech Finance

OCTOBER 30, 2024

The functionality allows businesses, such as Fresha , the world’s #1 booking platform, marketplace and payments system for beauty and wellness, to use an iPhone to accept contactless payments, without the need to purchase or manage additional hardware. We’re proud to be expanding it to new countries together with Apple.”

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Fintech Finance

DECEMBER 12, 2024

To pay in-store, customers simply double-click the side button and hold their iPhone or Apple Watch near a payment terminal to make a contactless payment. This not only ease the digital transactions but also contributes to the development of a broader digital payments ecosystem. Apple Pay is easy to set up.

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The Fintech Times

MARCH 19, 2025

The consultation is part of wider efforts to encourage innovation in payments and support economic growth. There are now 149 million contactless cards in circulation, covering 93 per cent of debit cards and 94 per cent of credit cards.

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Fintech Finance

MARCH 12, 2025

enabling small and mid-market businesses to seamlessly and securely accept in-person contactless payments using only an iPhone. These transactions sync directly to their QuickBooks Online account, allowing them to seamlessly manage and reconcile these payments and keep their books up to date, on a single platform.

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PYMNTS

APRIL 2, 2019

Wells Fargo announced Tuesday (April 2) the launch of contactless consumer credit and debit cards. In a press release , Wells Fargo said the new cards will enable customers to complete transactions quickly and with a single tap at millions of merchants and transit systems that accept contactless payments.

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Stax

MARCH 13, 2025

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. This small rectangular piece of plastic enables customers to ditch bulky wads of cash, making payments easier and safer. Card networks set their fees based on these variables to fund their goals.

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NFCW

JANUARY 16, 2024

The Swiss central bank’s researchers based their analysis on anonymized, transaction-level data for a large sample of point-of-sale debit card payments made in Switzerland between 2019 and 2021. “In Switzerland – the country we study – the tap-and-go limit was doubled from CHF40 to CHF80 in April 2020.

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PYMNTS

MAY 8, 2020

Samsung Pay is launching a physical debit card and this summer will introduce a money management tool in partnership with SoFi. Samsung introduced its payments tool in 2015 with MST (Magnetic Secure Transmission) technology as well as Near Field Communication (NFC), a newer technology.

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Fintech Finance

OCTOBER 16, 2024

Today, Helcim , a leading provider of payment solutions, now enables its U.S. customers to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.

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PYMNTS

APRIL 10, 2019

With the use of contactless payments heating up around the world, small and mid-sized businesses (SMBs) and their solution providers have to prepare for their acceptance. Mobile point-of-sale (mPOS) terminals that are enabled for contactless have to meet certain specifications to gain EMVCo 3.0 locations, per reports last year.

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Fintech Finance

NOVEMBER 28, 2024

Users of benefits platforms – HR and benefits managers – give employees a benefits budget and set up the guardrails in terms of where and how the funds can be spent. Employees tap their way to much more personalised and relevant benefits.

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Fintech Finance

SEPTEMBER 6, 2024

tapeeno , UTP’s app for micro-merchants, has enabled its merchants in the UK to seamlessly and securely accept in-person contactless payments with Tap to Pay on iPhone. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.

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Fintech Finance

APRIL 14, 2025

This allows businesses of all sizes to use the Mollie app on iPhone to accept contactless payments without the need to purchase or manage additional hardware. Mollie , one of Europe’s fastest-growing financial service providers, has enabled Tap to Pay on iPhone for its Irish customers.

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NFCW

MARCH 18, 2025

Apple’s Tap to Pay on iPhone service is now available in Bulgaria, Finland, Hungary, Liechtenstein, Poland, Portugal, Slovakia, Slovenia, and Switzerland, “enabling millions of merchants to use iPhone to seamlessly and securely accept in-person, contactless payments.”

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Clearly Payments

OCTOBER 31, 2024

Table of Contents The Popularity of Different Payment Methods The table below shows the estimated popularity of each payment method as of 2024, including their global market share and main regions where each method is popular. and Europe, cash payments are projected to decline 7% annually as contactless payments become more popular.

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Stax

APRIL 10, 2025

You also need a payment services provider that supports your chosen payment methods, but that providers platform must integrate seamlessly with your existing CRM, ERP, payroll, CMS, and accounting software systems. Its role is to encrypt and securely transfer your customers payment data to your payment processor.

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Clearly Payments

NOVEMBER 6, 2024

This growth is driven by increased adoption of digital payment methods, evolving consumer behavior, and an expanding e-commerce sector. market’s total transaction volume in 2023 was over $10 trillion, encompassing credit and debit card transactions as well as Automated Clearing House (ACH) payments.

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Fintech Finance

SEPTEMBER 20, 2024

Passengers can now easily tap their credit or debit card, or use Apple Pay or Google Pay on their mobile devices, at the start and end of their journey, removing the need for traditional tickets or stored-value cards. With 94% of riders expecting public transit to offer contactless payment, transport operators across the U.S.

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Fintech Finance

MARCH 27, 2025

Today, Surfboard Payments , the provider of innovative cloud-based payment solutions, now enables its customers in Finland to seamlessly and securely accept in- person contactless payments with Tap to Pay on iPhone. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.

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Finextra

AUGUST 7, 2024

Users of Google's new kid-focused smartwatch will be able to connect a debit card from Greenlight Financial Technology for contactless payments.

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PYMNTS

OCTOBER 16, 2018

Worldpay, the payment technology company, announced Tuesday (Oct. 16) that for the first time, contactless payments have become more popular than chip and pin card purchases when paying in-store in the U.K. The change occurred in June, when 51 percent of in-store card transactions were contactless.

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The Fintech Times

AUGUST 12, 2024

US consumers are increasingly turning to debit cards for their everyday transactions, driving a significant surge in the number of transactions and overall spending. The 2024 PULSE Debit Issuer Study reveals that in 2023, the total number of debit cards, transactions and annual spending per active card all saw substantial increases.

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Clearly Payments

MARCH 31, 2025

81% of small businesses accept credit and debit cards, while 37% accept digital wallets such as Apple Pay and Google Pay. Cash remains an essential payment method for many SMBs, with 36.4% Prefer mobile and wireless solutions that support contactless payments and QR codes for flexibility. In the U.S.,

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Stax

JULY 9, 2024

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

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Clearly Payments

FEBRUARY 10, 2025

Card Networks Companies like Visa, Mastercard, and American Express ( credit card networks ) that set processing rules and fees. The Costs You Dont See One of the biggest surprises for small businesses is the actual cost of accepting credit and debit cards. Contactless payments grew by 150% between 2020 and 2023.

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PYMNTS

NOVEMBER 16, 2020

Customers will be able to pay for the transactions by drawing against balances in PayPal or Venmo accounts or by drawing on bank accounts, debit cards or credit cards linked to a PayPal or Venmo account. Loyalty program discounts will be automatically applied to purchases at the time of sale. The partnership.

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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. billion transactions with their debit cards, which is a jump of 8.9 billion card transactions, both debit and credit, made in July, an increase of 5.7

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Fintech News

AUGUST 12, 2024

Network for Electronic Transfers ( NETS ) has unveiled NETS SoftPOS , a new payment solution that allows merchants to accept contactless payments using their Android smart devices. This eliminates the need for traditional payment terminals, offering a more cost-effective and flexible payment option.

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PYMNTS

NOVEMBER 2, 2016

For banks and retailers, there is a fine line between making people’s use of credit and debit cards as painless as possible and protecting individuals’ financial details from swindlers. Contactless credit cards have seen a slow rate of adoption in the U.S., That is up from 25 million units in 2015.

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PYMNTS

MAY 21, 2019

Mastercard announced Tuesday (May 21) that using Mastercard token services, commuters can add a card purchased through the Hop Fastpass App to Apple Wallet and tap their iPhone or Apple Watch to get on board public transportation. Riders no longer had to wait on line at a ticket machine or make a trip to the store to purchase a pass.

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The Fintech Times

AUGUST 19, 2024

As consumers in the UK and beyond continue to turn to credit and debit cards as their first payment method, more and more also find themselves in debt, according to new findings. The data comes from UK Finance , the collective voice for the banking and finance industry, which has released insights into card spending in the UK.

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PYMNTS

NOVEMBER 5, 2020

Marraccini said retailers that offer installment payments can see “huge conversion, plus I’m still relevant to my consumers and not going to be a dinosaur.”. QR Codes, Mobile Wallets And Debit Cards.

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Fintech Finance

JUNE 25, 2024

Tap to Pay is available within the myPOS Glass app and allows merchants to accept contactless payments directly on their iPhone, with no additional hardware needed. Tap to Pay on iPhone enables merchants to accept all forms of contactless payments, including contactless credit and debit cards, Apple Pay, and other digital wallets.

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