Near-Field Communication (NFC)

The four-week average purchase amount for contactless transactions made with a debit card is $20.53, lower by 49% from the $40.43 overall average for purchases made with debit cards, said PSCU, a credit union service organization, in its weekly Tracking Transactions Trends report.Nacha announced that Nivelo Inc., a specialist in payments security for …

National Retail Solutions, a POS platform provider for independent convenience stores, is reselling an EMV at the pump retrofit kit from Sound Payments Inc. under its own brand that can significantly reduce station owners’ EMV compliance costs. NRS is calling the technology the NRS EMV EZ Pump Solution. The retrofit …

Unlike the case with previous changes in consumer payment behavior that took years, if not decades, the Covid-19 pandemic has accelerated adoption of touchless payments, as more and more consumers look for hygienically safer and convenient ways to pay, says a Fiserv Inc. report released Friday. The report surveyed 1,037 consumers …

USA Technologies Inc., a payments-technology provider for the vending-machine business, announced it has completed the introduction of EMV and contactless EMV acceptance capability for its ePort G10-Chip reader line. The enhancement process was launched in February.The Western Union Co. said it now has added bank accounts, wallets, and cards to its …

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 …

Visa Inc. on Wednesday announced the rollout in 15 geographic markets of Visa Tap to Phone, which allows consumers to initiate a transaction simply by tapping a contactless card to a merchant’s NFC-enabled mobile device.  Tap to Phone is now live in numerous countries throughout Europe, Middle East, Africa, Asia …

Last conducted in 2016, the latest Third-Party Processing Pricing Benchmark Study from The Strawhecker Group indicates that debit and credit card transaction pricing appears to have leveled off.  The average value of an IP-connected front-end authorization and capture action in 2020 is $0.016 for jumbo wholesale acquirers, or those with …

Payments industry veterans Will Graylin and George Wallner launched a fundraising campaign on Indiegogo for OV Valet, their new company that wants to offer Superkey, a fob that uses near-field communication and magnetic secure transmission technology, to enable tap-and-pay payments.Payments-technology provider VoPay International Inc. said it is working with Visa Inc. to integrate the …

Though the restaurant industry has taken a hit during most of 2020 because of Covid-19 countermeasures, that doesn’t mean it doesn’t need new technology and services. That’s why Ziosk Inc., a Dallas-based point-of-sale technology provider, accelerated its development schedule this year and released a suite of new products. Now, in …

Much has been written about the need for merchants to adopt various forms of contactless payments to suit jittery customers and cashiers in the midst of Covid-19, but often the conversion to touch-free transactions is easier said than done. In response, Square Inc. late Thursday unveiled an application programming interface …