Friday , March 29, 2024

Search Results for: NFC

The NFC Forum Looks to Widen the Range for Contactless Payments

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 …

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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 …

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ExxonMobil Deploys QR Codes And NFC Tags for Streamlined Mobile Payment at the Pump

Petroleum giant ExxonMobil Corp. is adding QR code and near-field communication-enabled tags to its fuel pumps for consumers using Apple Pay or Google Pay. ExxonMobil says more than 11,500 U.S. Exxon and Mobil stations will have the tags by year’s end. Users can hold their iPhones or Android phones against …

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PayPal Adds QR Codes to a Visa-Branded Venmo Card Issued by Synchrony With an NFC Chip

PayPal Holdings Inc. on Monday launched a Visa-branded credit card for its Venmo peer-to-peer payment service that features a QR code for P2P transfers in addition to a near-field communication chip for merchant acceptance. The new product arrives as PayPal searches for ways to boost revenue for its wildly popular …

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Contactless Doesn’t Always Mean NFC

If you haven’t noticed stores adopting contactless payments all of a sudden, you haven’t gotten out much in recent months. With a raging pandemic scaring customers away from touching surfaces such as PIN pads and other point-of-sale technology, retailers are rushing to install NFC-equipped devices that will let patrons wave …

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As Contactless Gains, Will QR Codes Win Over NFC Adherents?

With consumer and merchant preferences shifting towards contactless payment methods in the wake of the Covid-19 pandemic, payments activated by Quick Response codes are gaining more attention. That’s because they are a low-cost way for merchants without NFC (near-field communication)-based applications, such as Apple Pay and Google Pay, to add …

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