Wednesday , December 11, 2024

Radio Frequency Technology

Apple Pay’s 10th Anniversary and other Digital Transactions News briefs from 10/17/24

Apple Inc. which is celebrating the 10th anniversary of the introduction of Apple Pay, said the payments service is now supported by more than 11,000 banks and networks globally and has attracted “hundreds of millions” of users in 78 markets around the world. Buy now, pay later provider Klarna AB payment options …

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Apple Agrees to Let Wallet Developers in Europe Access the iPhone’s NFC Chip

Under pressure from the European Commission, Apple Inc. agreed Thursday to open the contactless-payment technology in its iPhone for payments on wallets from outside developers. The agreement follows two years of investigation by the regulator, which has argued the exclusion of rival wallets from using the iPhone’s near-field communication chip …

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Contactless May At Some Point Include Functions Beyond Payment, the NFC Forum Says

Contactless transactions were supercharged by the pandemic, and now slightly more than half of U.S. cardholders are using the technology when they pay with either cards or wallets, according to Mastercard Inc. research. With that kind of momentum behind them, researchers are looking at ways to expand near-field communication technology, …

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Elavon Expands in Mass Transit With Contactless Fare Payments on Philadelphia’s SEPTA

In a major win in the expanding market for digital payments for mass transit, Elavon Inc. said it will support contactless payments for the Southeastern Pennsylvania Transportation Authority, the seventh largest U.S. transit system with 45.6 million riders per year, according to the American Public Transportation Association. The new service, …

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Digital Wallets: Users Are Happier, But Adoption Still Lags Among Consumers And Merchants Alike

Customer satisfaction with digital wallets is on the rise, which is helping propel consumer adoption and usage, according to J.D. Power’s newly released 2024 Digital Wallet Satisfaction Study. Despite the increase in customer satisfaction, though, the study found wallets providers still have work to do to raise adoption among both …

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E-ZPass Hub Readied And Other Digital Transactions News briefs from 12/14/23

Tolling-technology provider Quarterhill Inc. said its Electronic Transaction Consultants unit has launched an E-ZPass interoperability hub to enable readily available electronic toll payments across regions of the United States. The move is considered a step toward nationwide toll-payment interoperability. Equipifi, a provider of buy now, pay later services for debit card issuers, …

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Moving Cards from Plastic to Paper And Other Digital Transactions News briefs from 9/6/23

Prepaid card platform Blackhawk Network said it is working with Visa Inc. to convert its Visa-branded cards from plastic to paper-based materials. Payments provider Central Payments released PayCP, its payout platform that initially includes a virtual Discover prepaid card, a physical Discover prepaid card, push to debit cards via Mastercard Send, and ACH bank …

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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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GoDaddy Enables Small Merchants to Ditch the Dongle With the Addition of Tap to Pay for iPhone

Web registrar GoDaddy Inc. continued its push into payments Monday by adding Apple Inc.’s Tap to Pay on iPhone to the GoDaddy Mobile App. The inclusion of Tap to Pay on the GoDaddy app will enable small businesses to accept contactless payments on an iPhone without a dongle. Merchants need …

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Google Wallet Expands Its Reach Across Countries And Devices

Months after the introduction of Google Wallet, Alphabet Inc. announced late Tuesday it is expanding the availability of the digital wallet to 12 more countries, bringing the total number of countries where the wallet is available to 57. Users will now also be able to make the wallet available on …

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Digital Transactions