NFC World

Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn. Kelly revealed the new adoption stats during the payments networks’ […]

The Miami-Dade Department of Transportation and Public Works (DTPW) has launched an app that lets passengers earn loyalty points that they can then exchange for free travel when they view or interact with personalised ads. The Go Miami-Dade Transit app uses a new digital loyalty currency developed by Cubic to let travellers collect Stars points

“Last year, MacRumors uncovered evidence of Apple working on Tile-like item tracking tags in iOS 13 code, including a potential ‘AirTags’ name. As with iPhone 11 models, Kuo believes the tags will support Ultra Wideband, which would likely make it possible to locate the tags with much greater accuracy than Bluetooth LE and Wi-Fi.” Read

“The National Bank of Cambodia (NBC) will launch a blockchain-based, peer-to-peer payment and money transfer platform in the next few months… Bakong, essentially a quasi-form of a central bank digital currency (CBDC), was launched on a trial basis in July and will be operational within the present fiscal quarter… Bakong will help set a national

“Consumers can withdraw money sent by friends and family, get cash in emergency situations (in the event of a lost bank card, for example), and redeem rebates or other cash rewards that corporations have historically sent via mail… Users receive a text message with an order amount, secret code and link showing the nearest ATM

“With delayed authorization, a merchant can now opt to provide a service before a payment transaction is authorized. In the example of a transit operator, this will support a passenger being able to pay and ride without having to wait for payments authorization. Beyond transit, Rule E5 is designed to enable other possible use cases,

“The best way to enable more seamless and secure payments on the web is to enable an interoperable ecosystem, where digital wallets can bring their best experience to the web. This means shifting focus to the Payment Handler API, which is an emerging W3C standard that allows third party payment handlers, which can be either

Apple Pay revenue and transactions have “more than doubled year-over-year with the run rate exceeding 15bn transactions a year,” Apple CEO Tim Cook has revealed. “We’re thrilled to report Apple’s biggest quarter ever, which set new all-time records in both revenue and earnings,” he explained during the iPhone-maker’s first quarter 2020 earnings call. Cook also

A survey has found that while half of Brits are happy to unlock their phones with their faces, only a third trust the technology to authorise a payment. Of those surveyed, 50% are happy to use face recognition to unlock their own phone, and 47% would use their face as a boarding pass for a

Italy’s national postal service provider has added QR code-based payments to its mobile payments app, to support the country’s transition from cash to digital payments. Postepay’s QR function, Codice Postepay, also offers merchant features including geolocation, integration into Postepay’s loyalty and engagement programmes — including discounts and cashback — as well as money transfers to