NFC World

News from the NFC World journal

Transport for NSW completes rollout of open loop contactless ticketing

Public transportation users in Sydney, Australia, are now able to use contactless bank cards, NFC phones or wearable devices to pay for travel across the entire Transport for New South Wales network, including bus services. This week’s extension of the service to all the region’s buses means that passengers can now use Mastercard, Visa or

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ST explains how NFC tags with digital signatures can provide end-to-end protection against counterfeiting throughout the supply chain

NFC tags that include support for digital signatures can provide protection against counterfeiting and grey market goods right through the supply chain — from the factory, through the distribution chain to the retailer and the consumer — chip maker STMicroelectronics explains in a white paper now available to download from the NFCW Knowledge Centre. Supply

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Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit

UK-based neobank Revolut has implemented a Strong Customer Authentication (SCA) system that lets customers use their mobile banking app to authenticate their contactless card as they get close to reaching the new contactless transaction limit, avoiding the risk of having their card declined when they next attempt to make an in-store purchase. “From 14 September,

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Accenture issues $280bn payments revenue warning to banks

Banks are at risk of losing up to 15% of global payments revenue, valued at US$280bn, due to “the growth of digital payments and competition from non-banks”, Accenture predicts — but they also have the opportunity to capture US$500bn in new payments-related revenues “if they adopt innovative business models”. Global payments revenue will grow at

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Monzo to use app notifications to address Strong Customer Authentication communications issues

UK-based neobank Monzo is to use app notifications to provide customers who have a contactless card transaction declined due to new Strong Customer Authentication (SCA) requirements with the information needed for them to successfully complete their transaction. SCA forms part of the EU’s revised Payment Services Directive II (PSD2). It officially came into force across

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