A significantly longer range for contactless transactions could be a reality in the market within the next two to five years, according to news released this week by the NFC Forum, the standards body for near-field communication technology. The current standard for contactless payments is five millimeters, or about one-fifth …

Merchant Machine, a United Kingdom-based payments information and comparison site, issued a report on contactless transaction limits around the world. Only two nations, Ecuador and the United States have no limit, though banks or merchants may set their own limits, Merchant Machine said. Payments-technology provider BHMI announced an entity-relationship component for its …

Contactless payments have taken off in the United States and other markets in recent years, but now a piece of malware has emerged that can block wave-and-pay or tap-to-pay transactions and force users to insert their cards in a terminal instead, according to a new report by the Moscow-based global …

Oracle Corp. launched its Retail Payment Cloud Service to support contactless payments for U.S. retailers at fixed-fee rate pricing. Mercatus Technologies Inc. debuted an updated version of its mobile grocery shopping app that includes seamless cart building and checkout, personalization, rewards and loyalty, and third-party delivery service integrations. MobileCoin Inc. launched Moby, a …

The Covid-19 pandemic was a strong tailwind for the adoption of contactless payments. Two years later, the momentum is still there but challenges remain. Whether it’s the convenience of not dipping a card into a POS terminal or speedier transactions at the point-of-sale, consumers and merchants continue to embrace contactless …

OTG Management, which manages airport restaurants, said it is supporting contactless payments and an expansion of Apple Pay and Google Pay acceptance, along with PayPal and Venmo, at two newly opened restaurants at LaGuardia airport. BigCommerce said merchants using its e-commerce sales had a 31% increase year-over-year in gross merchandise value …

Mastercard Inc. said it has approved the first cards for issuers that will work with new contactless specifications from the international standards body EMVCo aimed at defeating attacks from both traditional and quantum computers.In related news, Mastercard launched Global Treasury Intelligence, an analytics platform for businesses.Bank of America said its Pay by Bank service can now …