Tagged: contactless payments

Barclays Reveals that Value of Contactless Payments Is Up Nearly 50% in 2022

New data from Barclays, which sees nearly half of the nation’s debit and credit card spending, reveals that “a record 91.2 per cent of all eligible card transactions were made using contactless payments last year – a sign that consumers and businesses are continuing to… Read More

Ingenico, Fujitsu Frontech North America Introduce Solution For Secure In-Store Commerce

Ingenico, which claims to be the global leader in payments acceptance solutions, and Fujitsu Frontech North America, through its subsidiary Fulcrum Biometrics, Inc., unveiled (what they claim to be) the world’s “most secure, accurate and seamless biometric payment solution based on palm vein identification.” This… Read More

Abu Dhabi Islamic Bank Introduces ADIB PAY, Region’s First Token Payment Enabled Wearables

Abu Dhabi Islamic Bank (ADIB), a financial institution, announced the launch of the region’s first tokenized, contactless payment methods “through the options of clasp and ring ‘ADIB PAY’, in partnership with token enablement service provider Tappy Technologies and global digital payments leader, Visa.” ADIB Visa… Read More

PCI Security Standards Council Releases Standard for Mobile Payment Solutions

The PCI Security Standards Council (PCI SSC) published a new standard designed “to support the evolution of mobile payment acceptance solutions.” PCI Mobile Payments on COTS (MPoC) “builds on the existing PCI Software-based PIN Entry on COTS (SPoC) and PCI Contactless Payments on COTS (CPoC)… Read More

Digital Payments: Honeywell Launches Contactless Software Payment Solution

Honeywell (Nasdaq: HON) announced the release of Honeywell Smart Pay, a contactless software payment solution “enabling the company’s powerful mobile computers to become secure and compliant payment terminals, accepting contactless mobile payments from anywhere a business sells or delivers goods and services.” Honeywell Smart Pay… Read More

Mastercard to Provide Contactless Cards for Quantum World

The protections and purchasing power of contactless payments took a step forward as Mastercard (NYSE: MA) announced the approval of the first cards for issuers that are compatible “with the new EMVCo contactless specifications designed to protect against attacks from both traditional and quantum computers.” Quantum… Read More

Contactless Payments at Restaurants to be Supported by Lavu and Up ‘n go

Lavu, a global restaurant software and payments solution provider built by restaurant people, and Up ‘n go, a contactless payments provider that powers QR code pay at the table solutions for restaurants nationwide, announced a partnership that integrates Up ‘n go’s pay at the table… Read More

Bank of New Zealand Introduces SoftPOS App

Bank of New Zealand (BNZ) has introduced BNZ Pay, which is described as a mobile app for retailers that transforms an Android device into a contactless payment terminal. Created with assistance from Visa and Quest Payment Systems, BNZ Pay is being rolled out with no… Read More

Fintech SmilePay Introduces Face Payments in Azerbaijan

Azerbaijan-headquartered SmilePay has reportedly entered agreements with two large food retailers in the nation in order to allow consumers to purchase their groceries using their faces. SmilePay has acquired an investment from the largest acquirer bank in Azerbaijan, Pasha, and entered deals with the Bravo… Read More

Contactless Payments: Visa, Metrolinx Support Tap to Pay to Transit in Toronto

Visa (NYSE: V) announced that Visa tap to pay will officially “arrive on GO Transit, and has launched on the UP Express, making it easier to travel on transit by offering riders a contactless payment option with their Visa credit card or payment-enabled device (e.g…. Read More

Westpac to Provide Tap-on-Phone Software to Australia’s Small Businesses

Westpac has announced that it will roll-out new technology which will “enable small businesses to accept payments from customers via their compatible Android mobile.” Westpac Tap on Phone leverages Airpay TAP technology from Australian payment technology provider Quest Payment Systems. It is being trialed with… Read More

Nearly 40% of Americans Permanently Changed Payment Habits Following Pandemic, Paysafe Research Reveals

Over a third (39%) of American consumers have “permanently” changed how they pay since early 2020, when the COVID-19 pandemic began, reveals research by specialized payments platform Paysafe (NYSE: PSFE). The study also shows that contactless payments have “gone mainstream.” The consumer research, which was… Read More

Fintech Splitit and Everyware to Bring Installments to Pay By Text

Splitit (ASX: SPT) and Everyware, a contactless payments and customer engagement solutions company, have agreed to a partnership “to bring Splitit’s Installments-as-a-Service platform to Everyware’s Pay By Text platform eliminating consumer friction for mobile installments.” Everyware will integrate Splitit’s Installments-as-a-Service into its platforms “to deliver… Read More

Mobile Payments Fintech PayByCar Finalizes $4M Seed Round

PayByCar, Inc., the mobile payments Fintech responsible for offering pay-by-text payments at gas stations across Massachusetts, has confirmed the completion of a $4 million seed round of funding. Anand Raman, President, and co-founder of PayByCar, stated: “Following a string of successes since our 2020 pre-seed… Read More

Fintech Adyen to Provide Tap to Pay on iPhone to Clients Later in 2022

  Adyen (AMS: ADYEN), the international Fintech platform of choice for major businesses, is working with Apple to provide Tap to Pay on iPhone for its US clients later in 2022. The solution “allows Adyen’s U.S. customers to use their iPhones to accept contactless payments,… Read More

Fintech Firm Dapio Secures $3.4M to Turn Phones into POS Devices

Dapio, a UK-based firm that assists businesses with accepting contactless payments via their Android devices, has acquires $3.4 million in capital via a round that was co-led by payments firm Flutterwave and Techstars. Dapio, previously known as Paymob, aims to transform Android phones into payment… Read More

Blackhawk Network Teams Up with LOC Software to Give Clients Touch-Free Mobile Payments Option

With the growth of virtual payments making a huge impact on how consumers shop and pay, payments specialist Blackhawk Network and retail software company LOC Software announced a partnership to offer touch-free mobile payment technologies to retailers. With these contactless payment options, Blackhawk Network and… Read More

Mastercard Teams Up with Massmart to Connect Small Businesses with Cost-Effective E-Commerce Solutions

Mastercard (NYSE: MA) recently joined forces with retail group Massmart in order to connect Small, Medium and Micro-Enterprises (SMMEs) to cost-effective e-commerce solutions, “enabling a safe transition away from cash.” During the latter half of last year- following the period of social unrest – SMMEs… Read More

Qlub, a Payments Fintech for Restaurants, Secures $17M via Seed Round

Qlub, a company creating a fast payment solution for consumers in restaurants, has secured $17 million via a seed round. Qlub’s investment round has been co-led by Cherry Ventures and Point Nine along with contributions from other several VCs such as STV, Raed Ventures, Heartcore,… Read More

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