NFCW
JUNE 27, 2024
To use the service, the merchant enters the transaction amount in the usual way and the customer then taps their contactless card to the merchant’s payment terminal. . Cartes Bancaires begins rollout of new contactless payment card limit was written by Sarah Clark and published by NFCW.
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.
Payments Source
MARCH 25, 2020
Mastercard is part of an expanding trend toward easing restrictions to entice consumers to choose contactless payments over cash and plastic during the coronavirus.
PYMNTS
MARCH 23, 2020
Ireland’s AIB has nixed a plan to implement a 1-cent fee on contactless transactions during the pandemic, finding it imprudent to set that fee while a lack of human contact is encouraged. Other European banks like Revolut and N26 already offered free contactless payments.
Payments Source
APRIL 28, 2020
Barclays has experienced an incremental £264 million (about $330 million) in contactless spend in the month since it raised its per-transaction limit in response to the coronavirus pandemic, which has created an aversion to cash and contact payments.
Payments Source
JUNE 2, 2020
American Express has added 26 Caribbean nations to the list of countries where it’s raised the ceiling on contactless transactions that may be conducted without PINs, to reduce consumers’ exposure to touching PIN pads.
PYMNTS
MAY 27, 2020
To that end, said Matt Good , senior vice president and general manager of Elan Advisory Services , the shift to contactless payments is well underway — and the stage is being set for mobile wallets to gain a much wider embrace. Merchants, he said, “need to make sure they not only accept credit cards but also contactless payments.”.
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