Sunday , October 22, 2017

Radio Frequency Technology

PayPal Logs a Strong Quarter As Multiple Partnership Deals Start To Kick in

PayPal Holdings Inc. has changed in ways large and small since Dan Schulman took over as chief executive two years ago, but perhaps its biggest change is its willingness to embrace collaboration with financial institutions, payment networks, and others once seen as keen rivals. At least some vindication of that …

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COMMENTARY: How 5G Networks Will Remake Payments—And the World

In today’s 4G world, connected homes allow you to turn on lights, turn down thermostats, or activate sprinklers, all remotely. Wearables wake you up and tell you how long and how well you slept. Fingerprints, faces, even the rhythm of your heart are replacing passwords. There’s a lot happening on the connectivity …

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As Contactless Catches Fire In the U.K., Will That Enthusiasm Spread to the U.S.?

By John Stewart@DTPaymentNews Contactless cards were tried in the U.S. years ago and soon fell by the wayside, giving the technology a black eye among issuers. Now a report released Monday in the U.K., where contactless is terminals in the UK in November, up 44.5% from the start of the …

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With Wearables Set to Soar, MasterCard Prepares to Support Device Payments Later in 2016

MasterCard Inc. expects the first wearable payment devices for use on its network to be available later this year, Sherri Haymond, senior vice president for digital payments for MasterCard, tells Digital Transactions News. The devices are part of MasterCard’s Commerce for Every Device Program, which is intended to add payment …

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How the Spread of Digital Payments Is Driving Online Links for Remote Devices

The increasing penetration of digital payments worldwide is helping drive conversion of point-of-sale terminals, vending machines, and parking meters from standalone devices to connected machines, according to a report released Tuesday by Berg Insight, a Gothenberg, Sweden-based research firm that follows the wireless market.   Worldwide, Berg forecasts the number …

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Apple Data Indicate U.S. Contactless Payment Locations Have Nearly Tripled

Apple Inc. chief executive Tim Cook said Monday that nearly 700,000 U.S. merchant locations now accept the Apple Pay mobile-payment service, compared with the 220,000 locations reported to have accepted the service when it launched last October.   Since Apple Pay relies on near-field communication (NFC) contactless technology to enable Apple’s …

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Sequoia Promises Mobile Payments at Card-Present Rates, With No NFC or Bluetooth

By Kevin Woodward n A mobile point-of-sale service called Sequoia is promising card-present transaction rates for merchants using it, says developer 1Oak Technologies. n The technology requires consumers to use the free Sequoia app on their smart phones, and merchants to attach a radio-wave receiver to their point-of-sale terminals. The …

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Nine Months After Launch, Isis Usage Sputters Among Small Merchants

Nine months after the Isis mobile wallet launched in Austin, Texas, and Salt Lake City, usage among small merchants appears to be sporadic at best, despite considerable fanfare and promotion at the launch. But some of the factors blamed by merchants contacted by Digital Transactions News have little to do …

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Slate Tied to Dissident Shareholder Group Wins Seats on OTI Board

A slate of eight director candidates supported by a dissident shareholder group won election on Sunday at a special meeting of shareholders held by On Track Innovations Ltd., a vendor of contactless-payment solutions. The election, which expands the company’s board to 11 directors, hands control over the 22-year-old Israeli company …

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Contactless And Mobile Payments at the Olympics: Definitely Not a Medal Winner

Which was the big payments winner at the Summer Olympic Games in London, which ended Sunday? Answer: Cash, a contender that’s entered every Olympics ever held. Contactless cards and mobile devices accounted for very few payments, according to a Celent LLC analyst who visited two different Olympic venues last week. …

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