Tuesday , April 13, 2021

Smart Cards

AmEx’s Top Exec Looks to Vaccines To Help Spur a Comeback for T&E Spending

In a wide-ranging session, American Express Co.’s top brass Tuesday expressed optimism that increasing availability of coronavirus vaccines will soon induce consumers to travel and that the new Biden Administration’s policies are unlikely to have much impact on the New York City-based company’s core business. On an early morning conference …

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COMMENTARY: What To Think About When You Implement Contactless Payments

At UL, we have seen both customers and merchants are experiencing an increased need for contactless payment options in brick-and-mortar stores. The current pandemic is a large factor in this, of course, but so also is the convenience and speed that contactless payments bring when compared to the traditional contact …

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P97 Networks Partners With Cybersource to Expand Mobile Payments at the Pump Globally

Houston-based P97 Networks Inc., a provider of cloud-based mobile-commerce technology, including pay-at-pump, has partnered with Cybersource, Visa Inc.’s fraud-management platform, to expand its PetroZone platform offering to fuel retailers both in North America and overseas. P97 has installations in 140 countries. PetroZone is an EMV-compliant application that enables mobile payment …

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With an Assist From Visa, MagicCube Looks for Rapid Expansion in the U.S. And Abroad

The Covid-19 pandemic is driving consumers and merchants to opt for contactless options, and now software that can enable an ordinary smart phone to accept cards via near-field communication is moving faster toward the point of sale. Visa Inc. on Wednesday granted a so-called security compliance allowance to MagicCube Inc.’s …

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By 2030, Cards May Linger, But Digital And Contactless Payments Will Dominate: Report

The future of digital payments is being created now with the adoption of contactless payments, new digital transactions such as buy online, pick up in store, and reduced friction within the payments ecosystem. That’s the assessment in the “Future-Proof Payments: From the EMV Chip to a Fully Digital Future” report …

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As a Deadline Nears, TNS Offers Deferred Payments for Installing EMV at the Pump

With gas stations and convenience stores feeling the economic pinch from the slowdown in sales caused by the Covid-19 pandemic and uncertainty over the economy, Transaction Network Services Inc. announced a new pricing structure to help cut station owners’ telecom-network installation costs for EMV at the pump. Transaction Networks Services (TNS) …

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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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Six Months From Deadline, Large C-Store Chains Are Still Lagging on EMV at the Pump

As the deadline inches closer for gas stations and convenience stores with fuel pumps to install in-pump EMV card readers, the good news is that c-stores are making steady progress. Overall, 31% of c-stores report not having any pump EMV-ready, down from 52% in the spring and 70% in 2019, …

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Eye on Mass Transit: Uber Buys Routematch; Visa Contactless Rebounds; Philly Gets Mobile Wallets

With its core ride-hailing business ravaged by the Covid-19 pandemic, Uber Technologies Inc. has been looking to move further into adjacent transportation markets, including mass-transit ticketing and payments. This week, the company said it had bought Routematch Software, a 20-year-old, Atlanta-based developer of systems that manage trip booking and ticketing, …

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COMMENTARY: Covid-19 Changed Demand for Cashless Payments. Are Small Businesses Ready?

The month of June gave Google Pay an extended moment. Early in the month, the tech press started circulating rumors that Google planned to add merchant buttons inside the app. This feature would allow both digital and brick-and-mortar businesses to accept customer payments within Google Pay.  But users in India …

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