Clearly Payments

SEPTEMBER 16, 2024

Contactless payments market has been growing quickly. As digital infrastructure continues to advance, the ease and speed of contactless transactions are becoming increasingly attractive to consumers and businesses. What are Contactless Payments? Here’s a breakdown of each type and its growing significance: 1.

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Contactless Payments Push-to-Card Payments Transactions 52

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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Debit Card Contactless Payments Credit Cards Transactions 112

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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Fintech Finance

SEPTEMBER 20, 2024

NMI ®, a global leader in embedded payments, has partnered with INIT , a leading supplier of public transit ticketing solutions, to implement a cutting-edge payment processing solution for the San Diego Metropolitan Transit System (MTS). The new system has revolutionized how San Diego residents and visitors experience public transit.

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Fintech Finance

OCTOBER 16, 2024

Tide , the UK’s leading business financial platform, has partnered with Adyen , the global financial technology platform of choice for leading businesses, to enable small businesses to accept in-person contactless payments using only an iPhone and the Tide iOS app. We’re on a mission to save SMEs time and money.

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Small Business Contactless Payments Business Payments Payments 98

NFCW

JANUARY 16, 2024

This change implied that the share of card payments eligible for tap-and-go suddenly increased from approximately 60% to 80%,” say the researchers. The share of contactless transactions increased by 17 percentage points from 44% to 61% following the onset of the pandemic, the researchers found.

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Contactless Payments Research Consumer Central Bank 86

Payment Savvy

JULY 3, 2024

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. What Is Debit Card Processing?

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Stax

JULY 9, 2024

Physical wallets are phasing out, left behind in favor of digital wallets and other digital payment options. There’s no question that cashless payment systems and digital payment adoption have accelerated over the last few years. In 2019, 77% of US consumers were using at least one type of digital payment system.

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Digital Payments Online and Mobile Banking Contactless Payments Payments 163

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

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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Debit Card Contactless Payments Technology Payments 111

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

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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Debit Card Contactless Payments Mobile Payments Payments Tools 92

Fintech Finance

SEPTEMBER 19, 2024

The number of contactless payments in Canada increased by 17% in 2023 to reach 63% of all in-store payments, according to the recently released Canadian Payments Forecast, 2024, published by Technology Strategies International Inc. We have seen a huge increase in the use of wearables to make contactless payments.

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Contactless Payments Transactions Credit Cards Mobile Payments 98

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

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

The Fintech Times

JULY 24, 2024

Concerns about the prospects of a completely cashless society have been compounded in recent months, following a number of high-profile payment systems outages. The number of cash payments rose during 2022 for the first time in a decade but has now fallen back to roughly where it was in 2021. billion in 2022). per cent in 2022).

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Online and Mobile Banking Contactless Payments Debit Card Payments 59

The Fintech Times

SEPTEMBER 21, 2024

Canada’s payment market is rapidly digitising according to research from Technology Strategies International , the market research and industry analysis company. However, smartphone and wearable payments have gained significant traction over the past few years. The use of wearables for payments is still in its infancy in Canada.

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Contactless Payments Payments Credit Cards Mobile Payments 59

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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Contactless Payments Debit Card CHIPS Credit Cards 58

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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Contactless Payments Continuity Debit Card CHIPS 49

Fintech Finance

JUNE 25, 2024

UK-based payments company, myPOS , is introducing Tap to Pay on iPhone for businesses in Germany. 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.

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Fintech Finance

APRIL 18, 2024

Tap to Pay on iPhone enables businesses large and small to seamlessly and securely accept in-person contactless payments with Apple’s contactless payment acceptance technology. Tap to Pay on iPhone enables customers to use a payment solution that is easy to set up and use.

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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 per cent higher than March 2023. per cent higher than March 2023.

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Debit Card Credit Cards Contactless Payments CHIPS 98

Fintech Finance

MAY 2, 2024

Payment facilitators working with the Worldpay ® PayFac suite of services to operate their payments services can now enable Tap to Pay on iPhone for their merchants. Once integrated, merchants using the app will be able to accept all forms of contactless payments by using an iPhone to conduct the transaction.

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Debit Card Contactless Payments Payments On-Demand 52

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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Fintech Finance

MAY 29, 2024

Nexi , the European PayTech, now enables merchants in Italy to accept in-person contactless payments seamlessly and securely with Tap to Pay on iPhone, and will continue to expand the availability of Tap to Pay on iPhone to its customers in Europe where the service is available.

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Contactless Payments Debit Card Digital Payments Security 52

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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Venmo PayPal Contactless Payments Debit Card 105

Clearly Payments

APRIL 20, 2024

The Payments Code of Conduct in Canada was created to bring fairness and transparency in the payment industry. 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?

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Processors Debit Card Payments Credit Cards 90

The Paypers

MARCH 20, 2020

The Interbank Card Center (BKM) has observed that contactless payments via credit and debit cards have soared across Turkey in February and March 2020.

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Contactless Payments Debit Card Payments 37

The Fintech Times

APRIL 21, 2024

BNP Paribas introduces Tap to Pay on iPhone, enabling French retail customers to accept in-person contactless payments using Apple’s technology, offering compatibility with CB, Visa and Mastercard. ” The post BNP Paribas Launches Tap to Pay on iPhone for French Retail Customers appeared first on The Fintech Times.

Debit Card 64

Debit Card Contactless Payments Visa Payment Networks 64

Fintech News

SEPTEMBER 3, 2024

Parents must open the account via their own OCBC Digital app, and children will receive an OCBC MyOwn Debit Card with customisable designs. The account allows children to make digital payments, such as scanning QR codes or using PayNow, and make contactless payments with their debit cards.

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Accounts Financial Literacy Freeze Account Debit Card 115

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.

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Mobile Payments Contactless Payments Debit Card Visa 79

PYMNTS

NOVEMBER 12, 2020

The technological seeds that have made these developments possible were planted more than a decade ago, with the steady growth of digital payment platforms and cloud-based technologies that support electronic payments. The Beyond The Card: Toward The Cardless And Contactless Future report, a PYMNTS and i2c Inc.

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Innovation Contactless Payments FinTech Push-to-Card 120

Fintech Finance

MAY 24, 2024

Apple launched Tap to Pay on iPhone in Canada, empowering millions of merchants to use iPhone to seamlessly and securely accept in-person, contactless payments. Payment platforms and developers can integrate Tap to Pay on iPhone into their iOS apps, making it easy for merchants to enable this secure and convenient capability.

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Contactless Payments Debit Card Small Business Encryption 52

PYMNTS

OCTOBER 15, 2019

Today in the payments news roundup, UK Finance data indicates that contactless payments in the country continue to grow. UK Contactless Payments Grow 18 Pct. New UK Finance data indicates that contactless payments in the country continue to grow, encompassing nearly 50 percent of all debit card payments.

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Contactless Payments Debit Card Payments On-Demand 46

Stax

JULY 9, 2024

More and more, cash-only businesses are falling by the wayside, unable to keep up with consumer demand for convenient electronic payments. The world of Electronic Funds Transfer (EFT) payments is vast, spanning just about every payment method you can think of. This post covers everything you need to know about EFT payments.

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Electronic Fund Transfer Act (EFTA) ACH Electronic Funds Transfer (EFT) Funds Transfer 88

PYMNTS

NOVEMBER 5, 2020

After all, Norm Marraccini , senior vice president of digital payments, ACH and RTP at FIS , told Karen Webster in a recent Masterclass interview that the formula is pretty simple: “We pull up. Curbside pickup has changed the way people think — not only about the way they live, but also about the way they make payments,” he said.

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Clearly Payments

MARCH 18, 2024

The Decline of Cash Use As we march further into the digital age, the realm of consumer payments is witnessing a seismic shift, notably marked by the decreasing dominance of cash transactions. Fast forward to 2024, and the downward trend persists, with reports indicating that cash payments now represent a mere 16% of all transactions.

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Credit Cards Federal Reserve FedNow Online and Mobile Banking 94

Fintech Finance

MAY 29, 2024

UK-based payments company myPOS has enabled Tap to Pay on iPhone for businesses in Italy. No additional hardware or payment terminal is needed. “We The customer needs only to tap a contactless payment method like a contactless debit or credit card, Apple Pay, or another digital wallet to complete the transaction.

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