NFC World

News from the NFC World journal

US Bank lets companies instantly send a corporate card to employees’ mobile phones

Corporate customers of US Bank can now send a digital corporate card directly to an employee, contractor, volunteer or customer’s mobile phone, enabling them to instantly begin charging online and in-store purchases to the company — subject to a strict spending limit and expiration date. “With a few simple steps, a company can send an

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Nedbank to roll out support for contactless payments on standard NFC smartphones

South Africa’s Nedbank has become the first bank in Africa to enable merchants to accept contactless payments on standard NFC phones. To use the new tap on phone service, merchants need an NFC smartphone running Android 7.0 or above. They can then accept payments via either contactless cards or QR codes. The service is currently

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NatWest lets online merchants accept instant payments from shoppers’ bank accounts

The UK’s NatWest bank has launched Payit, an online payments service that uses open banking to make it possible for merchants to accept payments directly from consumers’ bank accounts. “With customers of the UK’s nine largest banks eligible, consumers don’t need to bank with NatWest to take advantage, and can use the service by selecting

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European banks to create cross-border instant payments system

Sixteen major European banks have announced plans to jointly create a new company that will be tasked with delivering “a seamless, competitive and unified payment solution” for in-store, online and P2P payments across Europe. Founding members of the European Payments Initiative (EPI) include banks in five Eurozone countries — France, Germany, Spain, Belgium and the

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BNP Paribas to issue biometric payment cards to Premier and Gold cardholders

BNP Paribas is to begin issuing payment cards with a built-in fingerprint sensor to its Premier and Gold cardholders later this year, the French bank has announced. The bank plans to issue an initial 10,000 to 15,000 cards “this autumn”, BNP Paribas’ Jean-Marie Dragon told Le Parisien. Read the rest of BNP Paribas to issue

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