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Visa and Mastercard See Continued Growth in Contactless Usage

By:  Dan Balaban NFC TIMES Exclusive Insight – Both Visa and Mastercard say contactless transactions made up a growing share of all face-to-face transactions for cards and other credentials bearing their brands during the last fiscal quarter, crediting in part an increasing aversion to cash by consumers because of the Covid-19 pandemic. Contactless usage rates, however, […]

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European Central Bank launches public consultation on digital euro

The European Central Bank (ECB) has launched an online survey that enables consumers and industry experts to express their priorities, preferences and concerns about the issuance of a digital euro as a central bank digital currency (CBDC) and means of payment in the euro area. ECB president Christine Lagarde announced the survey in a tweet

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Huawei integrates digital yuan hardware wallets into Mate 40 NFC smartphone

Owners of Huawei’s Mate 40 in China will be able to make transactions in digital yuan from a central bank digital currency (CBDC) hardware wallet built into the soon-to-be-released smartphone. The Mate 40 will also enable users to make NFC-enabled peer-to-peer transfers to other compatible devices using the digital currency even when they are offline.

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EMVCo explains how merchants and card issuers can use Fido authentication to streamline online payments

Payment standards body EMVCo has published a white paper explaining how merchants and card issuers can streamline ecommerce payments and reduce the risk of fraud by using Fido authentication data in EMV 3-D Secure (3DS) messages. The ‘Use of Fido data in 3DS messages’ white paper focuses on EMVCo’s work with the Fido Alliance to

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Burger King, Tim Hortons and Popeyes to install digital menu boards across USA and Canada

Customers at Burger King, Tim Hortons and Popeyes fast food outlets will be able to order meals, earn loyalty rewards and make contactless payments at digital menu boards being rolled out to 10,000 redesigned drive-thru locations across the USA and Canada. The boards incorporate ‘predictive selling’ technology that enables customers to receive promotional offers based

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Xiaomi lets customers use NFC tags to control their smart home devices

Owners of Xiaomi smart home devices can now configure, link, control and monitor their lighting, security, entertainment systems and other domestic appliances simply by tapping an NFC sticker with their NFC-enabled smartphone. Users can place the Chinese electronics manufacturer’s PonPon Tile 2.0 NFC stickers around their home and use them to transfer instructions to devices

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NFC Forum reports on consumer attitudes and adoption trends across the world

Seven in ten consumers are confident with the security contactless cards/mobile wallets provide and 88% report a consistently positive user experience with NFC contactless technologies, a survey of consumers in nine countries around the world has found. Two thousand consumers in the USA, China, Japan, South Korea, UK, Spain, France, Germany and Italy took part

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PBOC reports first counterfeit digital currency wallets

The People’s Bank of China (PBOC) has “found counterfeit digital yuan wallets on the market,” the head of the bank’s digital currency research institute Mu Changchun has revealed. Speaking at the Second Bund Summit in Shanghai, Changchun gave no “additional details” about the discovery of the counterfeit central bank digital currency (CBDC) wallets, but did

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