Visa has become the first major payments network to settle a transaction with an issuing or acquiring partner by exchanging funds in digital currency rather than in traditional fiat currency. The pilot transaction with the Crypto.com cryptocurrency platform was settled using USD Coin (USDC) — a stablecoin backed by the US dollar — over open-source […]
Visa settles first transaction in digital currency Read More »
Apple Pay has rolled out in South Africa with support for Visa cards issued by Absa and Discovery Bank and for Visa, Mastercard and American Express cards issued by Nedbank. Apple Pay has now added the three South African banks to the list of banks and payment cards it supports, and “by midday on Tuesday
Apple Pay goes live in South Africa Read More »
Commuters in Sydney, Australia, will soon be able to use a digital version of their Opal transit card to pay for taxi fares and rideshare services and earn credit towards the cost of public transportation services they then transfer to. The 10,000 Opal cardholders trialling the multi-modal incentive scheme will be able to pay for
Sydney integrates digital Opal card with rideshare services Read More »
The total value of euro banknotes in circulation rose during the Covid-19 pandemic from €1.3tn (US$1.5tn) at the end of 2019 to €1.4tn (US$1.7tn) at the end of 2020, the European Central Bank (ECB) reports. The “exceptionally high” year-on-year increase of 11% compares with a 5% annual growth rate over the past 10 years and
European Central Bank reports growth in demand for cash during pandemic Read More »
Passengers travelling on Delhi Metro Rail Corporation (DMRC) services in India can now top up their contactless AutoPe DMRC transit cards at the network’s automatic fare collection gates. To use the service, passengers first register their transit card on the AutoPe app or website and link it to their credit card, bank or UPI account
Delhi Metro lets passengers top up their transit cards at fare gates Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – The CIO of Italy’s largest public transit operator, ATAC SpA, said the Covid-19 pandemic has accelerated demand for open-loop contactless and mobile payments, but added that old habits are hard to break for customers and use of cash and paper tickets are still popular. Related stories, automatically selected:
Visitors to the Magic Kingdom theme park at the Walt Disney World Resort in Florida can now test a contactless biometric system that enables them to gain entry to the attraction by verifying their identity with their face. The park has introduced a “facial technology test lane” where participants first scan their valid park admission
Disney pilots face recognition for entry to Magic Kingdom theme park Read More »
Apple may incorporate iris scanning functionality in a forthcoming head-mounted display (HMD) mixed-reality headset that will enable users to authenticate their identity when using Apple Pay to make payments via the “mostly virtual reality device”, according to MacRumors. The headset will offer a 3D environment for gaming, watching streamed content and communication, and “may sport
Apple to use iris biometrics for virtual reality payments? Read More »
Children in Texarkana on the Texas-Arkansas border in the USA can now take part in a contactless Easter egg hunt by looking for special eggs with scannable QR codes that have been hidden in parks, family-friendly businesses and public locations across the city. Successful egg hunters receive a secret password for every QR code they
US city leverages QR codes for contactless Easter egg hunt Read More »
Google has joined with secure element (SE) vendors to launch the Android Ready SE Alliance to accelerate the adoption of new use cases for Android devices including digital car keys and mobile IDs. The alliance is creating and rolling out a set of open source, validated and ready-to-use SE applets for use in conjunction with
Google launches Android Ready SE Alliance to drive adoption of digital credentials Read More »
