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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Contactless Payments Debit Card Payments ATM 107

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

Contactless Payments 103

Contactless Payments Point-of-Sale (POS) Debit Card Payments 103

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?

Digital Payments 163

Digital Payments Online and Mobile Banking Contactless Payments Payments 163

PYMNTS

JUNE 16, 2020

The Minneapolis-based company has partnered with Mastercard to offer consumers access to their funds through their Branch Mastercard debit cards by adding it to mobile wallets, including Apple Pay, from the Branch mobile app. . Most respondents, 82 percent, view contactless as the cleaner way to pay.

Mobile Payments 79

Mobile Payments Contactless Payments Debit Card Visa 79

The Fintech Times

JULY 24, 2024

The data comes from the latest Payment Markets Report by UK Finance , produced in collaboration with Accenture , the global professional services company. Debit cards remain on top As expected, debit cards remain the most popular payment method in the UK, accounting for 51 per cent of all payments made in 2023.

Online and Mobile Banking 59

Online and Mobile Banking Contactless Payments Debit Card Payments 59

PYMNTS

MARCH 19, 2019

Coverage includes Xiaomi’s unveiling of its Mi Pay mobile payment service in India. In addition, the number of people making mobile payments in stores is on the move in Vietnam and more than four in 10 credit and debit transactions were processed through contactless technology in the United Kingdom last year.

Mobile Payments 59

Mobile Payments Debit Card Debit Transaction Contactless Payments 59

Fintech Finance

AUGUST 28, 2024

To enhance its conventional and Islamic banking applications with digital payment capabilities, BankDhofar has implemented the Entrust Digital Card Solution for Tap to Pay services and tokenization enablement – making BankDhofar one of the first banks in Oman to enable Tap to Pay services to its customers.

Push-to-Card 70

Push-to-Card Payments Debit Card Contactless Payments 70

The Paypers

JULY 19, 2021

BLIK , a Poland-based account-based mobile payment system, has announced the introduction of a new approach to contactless payments without credit or debit card, providing a solution based on the Mastercard Digital Enablement Services (MDES) technology.

Mobile Payments 31

Mobile Payments Technology Payment Solutions Debit Card 31

PYMNTS

DECEMBER 17, 2018

Mastercard, the global payments company, and Polish Payment Standard, the operator of BLIK, a Polish mobile payment system and scheme, announced Monday (Dec. BLIK is taking advantage of Mastercard virtual debit cards tokenized by the Mastercard Digital Enablement Service (MDES) to make it happen.

Contactless Payments 49

Contactless Payments Visa Debit Card Cross-Border 49

PYMNTS

SEPTEMBER 7, 2018

We are excited to work closely with this property to bring our vision for a contactless payments future to life.”. The event will have contactless-enabled vending machines that will feature items from designers such as Venessa Arizaga, Neely & Chloe, and Rebecca Minkoff.

Contactless Payments 49

Contactless Payments Point-of-Sale (POS) Debit Card Payments 49

Clearly Payments

APRIL 20, 2024

It is structured into multiple sections targeting specific aspects of payment processing and merchant services for debit cards and credit cards. What is the Canada Payments Code of Conduct? Another point of debate is about the provisions related to contactless payments and the use of mobile payment platforms.

Processors 105

Processors Debit Card Payments Credit Cards 105

PYMNTS

APRIL 24, 2017

UBS announced Friday (April 21) that it has launched UBS Twint, a mobile payment app. The digital payment app is free for anyone with a UBS account or Swiss credit card of any kind. Payments made with Twint are debited directly to the bank account or credit card, UBS said.

Mobile Payments 43

Mobile Payments Debit Card Credit Cards Payments 43

Stax

MARCH 14, 2024

Currently, in the United States, most credit cards are chip and signature, while most debit cards are chip and PIN. Like magnetic strip credit cards, you sign for a purchase when using a chip credit card. When using a chip debit card, you enter a PIN just as you did with your magnetic strip debit card.

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Chip Cards CHIPS EMV Debit Card 88

Stax

NOVEMBER 13, 2023

EMV chip card technology had a good two decades or so, beginning in the mid-’90s. And the winner of the 2010s and beyond is the NFC-powered, contactless sensation that is tap-to-pay. Contactless payments became a must-have during COVID. Most modern card readers and payment terminals are NFC-equipped.

Contactless Payments 88

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

PYMNTS

JULY 26, 2018

France wasn’t the only winner at the FIFA World Cup: Payments innovation won big, too, with contactless payments accounting for 45 percent of all Visa purchases in the 11 host cities. Fans from Poland, in particular, made a whopping 74 percent of Visa transactions using contactless technology, Visa said in an announcement.

Contactless Payments 41

Contactless Payments Point-of-Sale (POS) Payments Debit Card 41

Fintech Finance

AUGUST 19, 2024

Interac transaction data shows that Gen Z’s digital-first habits are contributing to a 27 per cent increase in Interac® Debit mobile contactless payments in the first half of 2024, as compared to the same period in 2023.

Debit Card 73

Debit Card Contactless Payments Finance Transactions 73

The Paypers

NOVEMBER 2, 2018

(The Paypers) Vipps , the provider of Norway’s national payment system BankAxept , has chosen Inside Secure to protect its mobile contactless payments.

Debit Card 28

Debit Card Security Contactless Payments Mobile Payments 28

PYMNTS

JULY 16, 2018

Contactless payments scored big at the FIFA World Cup in Russia, with 50 percent of Visa purchases in tournament venues utilizing contactless transactions through cards, mobile devices and wearables. Visa’s sponsorships enable us to showcase the latest in payment innovation on a global stage,” Visa Inc.

Contactless Payments 40

Contactless Payments Point-of-Sale (POS) Payments Volume 40

PYMNTS

JUNE 2, 2016

There’s one particular country that’s been creating a lot of attention in the mobile payments ecosystem in the past week. While those facts may seem a bit random for this edition of the mobile payments tracker, they do, in fact, matter. It’s a country with an estimated population of just 5.47

Mobile Payments 42

Mobile Payments Contactless Payments Payments Debit Card 42

The Fintech Times

MARCH 20, 2024

After years of pushing to a fully digital payments landscape that will in theory see a cashless economy in the (reasonably) near future, it could all come tumbling down after a series of technical issues that has seen major retailers unable to process card or contactless payments and once again relying on notes and coins.

Contactless Payments 115

Contactless Payments Push-to-Card Payments Online and Mobile Banking 115

EBizCharge

JULY 2, 2024

This article will explore ten straightforward methods for collecting payments from customers, highlighting the benefits and practical applications of each. The importance of seamless payment collections A seamless payment collection process is crucial for businesses as it ensures efficiency and customer satisfaction.

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Contactless Payments Payments Disputes Online and Mobile Banking 52

Clearly Payments

APRIL 3, 2024

This process is vital for businesses, as it enables them to accept payments through various methods, including credit and debit cards, electronic bank transfers ( EFT/ACH ), and digital wallets. At its core, it involves the authorization, capture, and settlement of transactions.

Process 45

Process Processors Online and Mobile Banking Payments 45

Stax

JANUARY 5, 2024

Let’s take a look at some payment terminal options and the types of businesses that best match their features. TL;DR A credit card terminal is a device commonly used by businesses to handle credit and debit card transactions. There are many different types, including some that can take payments on the road.

Credit Cards 88

Credit Cards Debit Card EMV CHIPS 88

Tearsheet

DECEMBER 1, 2023

The proliferation of digital wallets and contactless transactions “The continued growth and adoption of contactless payments, as cards and cash gradually lose their once dominant foothold in the payments space is a significant trend of 2023.

Real Time Payments 53

Real Time Payments Payment APIs and Integration Contactless Payments FedNow 53

Stax

APRIL 18, 2024

Accepting credit card transactions is no longer a decision of whether to but rather how to. With cashless now BEING king, credit and debit cards are the primary method for your customers to make payments. of consumer payments came through card payments. Pre-pandemic, 62.3% per transaction.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Processors 88

PYMNTS

DECEMBER 11, 2019

And next year, PSCU estimates it will distribute more than 3 million new contactless cards to more than 100 CUs. In other data, as the How We Will Pay Study conducted by PYMNTS and Visa shows, interest in contactless payments is on the rise among more than 31 percent of consumers surveyed, versus about 26 percent a year ago.

Credit Union 53

Credit Union Contactless Payments Credit Union Service Organization Debit Card 53

PYMNTS

OCTOBER 5, 2020

Venmo , the mobile payment service owned by PayPal , announced Monday (Oct. 5) it has introduced its first-ever credit card issued by Synchrony and powered by the Visa network, according to a press release emailed to PYMNTS. In July, PayPal reported a record second quarter.

Venmo 90

Venmo Credit Cards PayPal Online and Mobile Banking 90

Clearly Payments

FEBRUARY 14, 2024

Furthermore, global payment volume reached a staggering $31.7 The proliferation of ewallet platforms and mobile payment systems over the past decade has also revolutionized the way consumers interact with financial services. trillion in payment volume. The global payment gateway market is projected to reach $49.7

Payments 104

Payments BNPL Value Added Service Payment Gateways 104

PYMNTS

DECEMBER 13, 2016

12) that Westpac Mastercard customers using select Samsung, Sony, LG, HTC, Motorola, Huawei, Pixel and other compatible Android mobile devices can now sign up to use Android Pay. In a press release , Westpac said customers with an eligible Mastercard debit and credit card can make contactless payments through their Android smartphones.

Visa 70

Visa Contactless Payments Debit Card Mobile Payments 70

PYMNTS

SEPTEMBER 11, 2018

Welcome to The Axis, your look at payments news from around the world. Coverage includes Island Pay ’s contactless payments rollout in the Bahamas. With the new offering, Bahamians as well as visitors can make contactless payments with each other and to Island Pay merchants.

Contactless Payments 40

Contactless Payments Mobile Payments Debit Card CHIPS 40

Stax

JULY 11, 2024

Apple Pay is a mobile payment and digital wallet service by Apple that allows people to make payments using their Apple devices, including iPhones, iPads, Apple Watches, and Macs. How Apple Pay works for merchants On the merchant side, Apple Pay works via your point of sale and payment terminal.

Credit Cards 88

Credit Cards Contactless Payments Security Authentication 88

Stax

APRIL 18, 2024

According to Forbes , “mobile payments are increasingly being used by U.S. Not only are there a number of ways your customers could be using their mobile devices to give payments, but you as a business owner could be leveraging mobile devices to accept them as well. Understanding what you want is the hardest part.

Credit Cards 88

Credit Cards Process Online and Mobile Banking Mobile Payments 88

Stax

FEBRUARY 28, 2024

TL;DR A payment terminal enables a merchant to take chip card and contactless payments. There are a variety of payment terminal brands on the market, but the place to start is by looking at the payment terminals your payment processing provider supports. Learn More What are payment terminals?

Payments 88

Payments Credit Cards Non-Bank Contactless Payments 88

PYMNTS

OCTOBER 29, 2019

The EU is looking even further into possible antitrust violations regarding Apple , with regulators trying to find out if online sales companies were ordered to use the tech giant’s mobile payment service instead of rival services.

Online and Mobile Banking 40

Online and Mobile Banking Mobile Payments Debit Card Contactless Payments 40

PYMNTS

DECEMBER 17, 2018

company Home Leisure Direct has created a pool table that takes contactless payments. Network International is bringing Google Pay acceptance to retailers in the UAE, allowing shoppers to tap into Android payments at merchants that use near-field communication (NFC) technology, according to reports. And in the U.K.,

Contactless Payments 43

Contactless Payments Debit Card CHIPS Credit Cards 43

PYMNTS

AUGUST 25, 2016

From makeup to jewelry, mobile payments are all about accessorizing going into the fall season. In this roundup, Global Payments is providing Bluetooth technology and mobile payment capabilities to Mary Kay Sales consultants; iZettle, the U.K. Mobile Payments Startup OPER Raises $750,000.

Mobile Payments 43

Mobile Payments EMV Push-to-Card Payments 43

PYMNTS

DECEMBER 7, 2020

When it comes to showing variety at the point of sale when it comes to payment methods to use, Australians tend to be more varied than their American counterparts. Significant shares of Australians use debit, credit and cash to pay. percent of Americans use cash, and credit cards are their most used payment method in stores at 37.3

Consumer 72

Consumer Contactless Payments Debit Card Credit Cards 72