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Square Adopts Apple’s Tap to Pay; 2 Billion Contactless Cards; Plus Weekly Recap
Search Results for: contactless
Contactless Card Shipments Broke Through the 2 Billion Barrier for the First Time in 2021
Despite a persistent shortage of microchips, global shipments of contactless cards hit the 2-billion mark for the first time in 2021, totaling 2.63 billion for the year, according to the Smart Payment Association, a Munich-based trade group. Propelling the surge was the shipment of an additional 269 million contactless cards …
Read More »Preserving Contact in a Contactless Environment
Stronger relationships make for stronger ISO’s By John Newton, Vice President, Strategic Partnerships, First American by Deluxe We are wired to connect. That’s according to social neuroscientist Matthew Lieberman, who says there are three networks within the human brain that bolster connection: one that involves our ability to …
Read More »Eyeing the Contactless Market, MagTek Launches Its DynaFlex II And DynaProx Readers
Payments-technology provider MagTek Inc. on Tuesday launched the latest product on its DynaFlex platform, the DynaFlex II card reader, and also unveiled its DynaProx family of readers for transactions involving NFC mobile wallets as well as barcodes. The new technology follows a two-year span in which businesses have sought out …
Read More »74% of Consumers Intend to Keep Using Contactless Cards and other Digital Transactions News briefs from 11/24/21
Some 74% of consumers who tried using contactless cards this year plan to keep using them, up from 61% who said the same thing last year, according to a report from the Electronic Transactions Association and The Strawhecker Group.Humbl Inc. released a new version of its Humbl Pay mobile wallet, including upgrades …
Read More »Computop Leverages NFC Tags to Enable Mobile Contactless Payment Without An App
NFC tags, a technology commonly used to enable contactless payments through a mobile device at the pump and at vending machines, are making their way to the physical point-of-sale. Computop, a Bamberg, Germany-based provider of omnichannel and fraud-prevention solutions, announced on Tuesday Computop Close-by, a payment solution that uses NFC …
Read More »Moving Payments Out of the Apple App Store; Contactless Limits and Fraud; Purchase Scams Top Fraud List
How a U.K. Limit on Contactless Payments Could Drive Consumers to Mobile Wallets
An increase in the limit on what contactless cardholders in the United Kingdom can spend before they are required to authenticate themselves is raising questions about whether the new mandate will prompt consumers to shun their cards in favor of mobile wallets, which have no per transaction limit. The theory is …
Read More »Curve’s Unique BNPL Angle; Contactless Payments Grow, PSCU Finds; Plus Weekly Recap
Contactless Payment Rises—And So Do Back-to-School Purchases—PSCU Report Shows
Contactless credit card transactions caught up to their debit counterparts as a percent of volume in August, with 17% of total card-present volume, as tracked in the monthly PSCU Payments Index, attributed to the payment form. That matches the share for contactless debit transactions. PSCU, a St. Petersburg, Fla.-based credit …
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