Mastercard Inc. saw strong growth in its core business in the second quarter, a time when the network continued its push for contactless cards and development of the new Secure Remote Commerce system for online payments. Mastercard said it switched 21.4 billion transactions globally in the three months ending June …

Visa Inc.’s net income jumped by a third in the quarter ended June 30, a period when the leading payment card network’s global transaction volume rose nearly 12% and the company completed or announced several acquisitions to broaden its franchise. Visa chairman and chief executive Alfred F. Kelly Jr. told …

Visa Inc. released data indicating 51% of all purchases across nine stadiums in France hosting the group stage of the FIFA Women’s World Cup France 2019 were done with contactless cards or devices, including wearables and smart phones. The group stage of the soccer tournament ran from June 7 to …

The Facebook-led announcement of the Libra cryptocurrency is evoking blowback both in the United States and overseas. House Financial Services Committee chairwoman Maxine Waters (D-Calif.) called for Facebook to halt the planned launch of Libra until Congress has had a chance to hold hearings on the cryptocurrency. Elsewhere, the governor …

Los Angeles-area merchants that sell transit tickets on behalf of 25 transit agencies will adopt an Android-based app for ticket sales, Cubic Corp. announced Thursday. Cubic says its Cubic Transportation Systems division is upgrading the existing point-of-sale infrastructure more than 450 retailers use to accommodate the Cubic Mobile for Merchants …

With last week’s introduction of contactless card acceptance on New York City subway and bus systems, hopes are riding high on mass transit to at last stimulate contactless acceptance and usage in the United States. Now recent research indicates acceptance is picking up rapidly pretty much everywhere.  The number of …

The ducks are lining up for U.S. contactless payments with dual-interface cards, but they’re not all in a row yet. Outdated POS terminals and certification issues still stand in the way. Forget the swipe, and even the dip. Tapping plastic cards is the wave of the future, in the eyes …

The conditions for the widespread adoption of contactless payments using chip cards are in place, asserts a report from the Federal Reserve Bank of Boston. But when that will happen and what will trigger it are unknown in the Fed report, “Tap to Pay: Will Contactless Cards Pave the Way …

For years now, the payments business has predicted a mass uptake of mobile wallets, and for years the pundits have been disappointed. Activity via services like Apple Pay, Google Pay, and Samsung Pay has been notably non-overwhelming, despite backing from these tech giants. Now, another question mark has appeared for …

As New York’s Metropolitan Transportation Authority inaugurates contactless payment for fares Friday, major card brands are intensely marketing the tap-and-pay service. Mastercard Inc. announced its Fareback Friday program to reward cardholders for paying for their New York subway rides with a contactless Mastercard product. Consumers may be able to get …