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Bio-compatible NFC implant lets consumers make contactless payments with their hand

HANDY: The NFC device is implanted under a user’s skin for contactless payment at a terminal Consumers in the European Union and the UK can now make contactless payments using an NFC implant in their hand that is compliant with ISO 10993 biocompatibility standards. The batteryless implant is embedded under a user’s skin and is […]

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MTA adds physical Omny EMV card for closed loop transit ticketing in New York

RELOADABLE: The Omny EMV payments card is for users who do not have a bank card or digital wallet The New York Metropolitan Transportation Authority (MTA) has launched a physical Omny EMV payments card to enable passengers travelling on the city’s subway and bus services to make closed loop contactless ticketing payments. The MTA is

MTA adds physical Omny EMV card for closed loop transit ticketing in New York Read More »

MTA adds physical Omny EMV card for closed loop transit ticketing in New York

RELOADABLE: The Omny EMV payments card is for users who do not have a bank card or digital wallet The New York Metropolitan Transportation Authority (MTA) has launched a physical Omny EMV payments card to enable passengers travelling on the city’s subway and bus services to make closed loop contactless ticketing payments. The MTA is

MTA adds physical Omny EMV card for closed loop transit ticketing in New York Read More »

Bio-compatible NFC implant lets consumers make contactless payments with their hand

HANDY: The NFC device is implanted under a user’s skin for contactless payment at a terminal Consumers in the European Union and the UK can now make contactless payments using an NFC implant in their hand that is compliant with ISO 10993 biocompatibility standards. The batteryless implant is embedded under a user’s skin and is

Bio-compatible NFC implant lets consumers make contactless payments with their hand Read More »

Three in four UK consumers want to set their own contactless spending limit

Nearly three-quarters of UK consumers (73.1%) want the option to set their own contactless spending limit rather than it being set automatically when the country increases that limit to £100 (US$136) in October, according to a survey by KIS Finance. Of those, nearly half (47.1%) said they wanted to set their own limit in order

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EU to file antitrust charge against Apple over NFC chip access

The European Commission is preparing to file an antitrust charge against Apple over the company’s limitation of access to its NFC chip technology, “people familiar with the matter” have told Reuters. The Commission opened a formal antitrust investigation into Apple’s practices in connection with Apple Pay — including whether the company’s limitation of access to

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Forecast: Contactless mobile payments to exceed 49bn globally by 2023

Global transaction volumes for contactless payments made using a mobile device will increase by 92% from 26bn in 2021 to 49bn in 2023, according to a forecast by Juniper Research. This growth will “significantly exceed” that of contactless card transaction volumes, with contactless mobile transactions growing “twice as fast as contactless card transactions”. “The enhanced

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Researchers alert Apple and Visa to contactless payment vulnerability

RELAY ATTACK: The vulnerability relates to iPhones with a Visa card set up for Express Transit payments A vulnerability in the way that Visa cards work with Apple Pay Express Transit mode “could enable hackers to bypass an iPhone’s Apple Pay lock screen and perform contactless payments”, researchers at the University of Birmingham and the

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