Tuesday , January 16, 2018

Radio Frequency Technology

LG Is Poised To Enter the U.S. Mobile-Payments Fray

South Korea-based consumer-electronics giant LG Electronics plans to bring its LG Pay mobile-payments service to the U.S. in a few months. But with its smart phones in the hands of only 10% of American consumers, how much market share LG Pay can capture and how it can distinguish itself from …

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Eye on CES: Rear-View Mirror Payment Authentication and a Multi-Function Card

The huge CES (formerly the Consumer Electronics Show) expo is underway in Las Vegas, and out of it are coming the latest whiz-bang developments in payment technology. Among them: connected cars that enable the driver to pay for gas with a Visa card and authenticate the transaction with an iris …

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New York City’s Transit Agency Dives Into Contactless Payment Technology

Contactless payments got a big boost Wednesday when the New York City area’s Metropolitan Transportation Authority approved a $539.5 million contract with San Diego-based Cubic Transportation Systems to install a near-field communication-based payment system across all MTA transit and commuter-rail systems that includes open-loop payments. The deal means MTA riders …

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Eye on Innovation: Sound Payments; Vantiv’s Smart Pay Play; New Bill-Pay Vistas

A Cincinnati-based startup called LISNR is promoting technology that transmits payment data over sound waves. The technology, which the company demonstrated Tuesday at the Money 20/20 financial-technology conference in Las Vegas, is now open for beta and can be used as an alternative to near-field communication, the company said. It …

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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.?

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 catching on fast, could revive hopes for the technology. Some 325 million debit and credit card …

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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 of …

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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 iPhone …

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