Tagged: contactless transactions

October 11, 2022 @ 5:56 pm By Omar Faridi  |  

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

October 22, 2021 @ 10:07 am By Omar Faridi  |  

Interac Debit is now accepted as a contactless payment option on UP Express via a pilot led by Metrolinx on the PRESTO fare payment system. This option will allow UP Express riders to buy their transit fare by simply tapping their physical Interac debit card… Read More

October 20, 2021 @ 10:03 pm By Omar Faridi  |  

Payment service provider Clik2pay introduced its latest product capability at the Telecommunications Risk Management Association of Canada (TRMA Canada) Conference, which was held in Toronto. Building on the established Clik2pay service, which enables consumers to make secure payments directly via their banking accounts, this capability… Read More

October 18, 2021 @ 8:05 am By Omar Faridi  |  

Over the years, technology has transformed the way we experience the world in ways that “few could have imagined,” the team at UK-based Fintech Modulr writes in a blog post. They’ve noted that technological advancements have consistently offered us faster and more convenient ways of… Read More

October 17, 2021 @ 11:52 am By Omar Faridi  |  

The team at UK’s digital bank Starling notes that they always want their clients to be in control of their funds. That’s why they are introducing a feature that allows customers to set their own limit for contactless payments made with their debit cards, “up… Read More

September 21, 2021 @ 7:25 am By Omar Faridi  |  

Payhawk, the platform that brings together expense, payment and invoice management in one solution, reveals that it’s offering its clients Apple Pay, which is considered a safer, more secure and private way to make payments. As reported by Finextra, this option should assist clients with… Read More

September 14, 2021 @ 10:10 pm By Omar Faridi  |  

The National Database and Registration Authority (Nadra) in Pakistan has added contactless biometric verification services for the nation’s banking and payments sector, making the Asian nation one of the first in the world to introduce the tech on a State-wide level. As first reported by… Read More

September 14, 2021 @ 6:11 pm By Omar Faridi  |  

Square (NYSE:SQ) sellers may now start taking payments via Cash App Pay, which is a contactless payment option for carrying out in-person and online transfers. With Cash App Pay, clients are able to easily make payments with their Cash App account at participating Square sellers…. Read More

August 31, 2021 @ 3:21 pm By Omar Faridi  |  

Chase (NYSE: JPM) and Visa (NYSE: V) have revealed that beginning on August 30, 2021, and through September, whenever riders tap on MTA subways or buses with their Chase Visa contactless cards, they’ll be donating $0.10 per tap, up to $250,000, to domestic non-profit New… Read More

August 27, 2021 @ 3:44 pm By Omar Faridi  |  

Biometrics firm, Fingerprint Cards AB, and Seshaasai, an established smart card manufacturer in India with a strong APAC presence, have entered into an agreement “to develop, launch, market, and sell” contactless biometric payment cards in India and the wider APAC region, according to a release…. Read More

August 18, 2021 @ 7:07 am By Omar Faridi  |  

UnionPay International (UPI) reveals that it has teamed up with the International Bank of Tajikistan in order to introduce the nation’s first contactless digital wallet, notably making UnionPay the very first payment service to provide mobile contactless payment options in the country. The number of… Read More

July 2, 2021 @ 3:42 pm By Omar Faridi  |  

Virtual payments can provide improved security for our funds while enhancing the overall comfort of our daily activities. These days, in addition to convenience, there’s also the health concern (due to COVID-19 and other infectious/communicable diseases and viruses). Consumers across the globe are realizing that… Read More

May 23, 2021 @ 11:51 pm By Omar Faridi  |  

Digiseq recently unveiled what it claims to be a wearables breakthrough via a mobile app that’s able to turn supported objects, embedded with an NFC chip, into a contactless payments device. Digiseq’s Manage Mii mobile app supports “Rapid Contactless Personalization” for clients to imbue any… Read More

January 23, 2021 @ 7:29 pm By Omar Faridi  |  

The COVID-19 outbreak has led to the increased adoption of contactless payments as one of the preferred ways to settle transactions in the United Kingdom, now representing around 90% or 9 in 10 of all eligible card transfers (as of 2020). The most significant milestone… Read More

September 4, 2020 @ 7:41 pm By Omar Faridi  |  

Contactless transactions are expected to double the number of digital payments to $8.26 trillion by 2024, which is a key Fintech trend that has been accelerated due to COVID-19. Businesses are increasingly using contactless technology to improve customer experience and help them make secure payments,… Read More