NFC World

The Australian payments industry has begun implementing an increase in the country’s contactless payments transaction limit, from A$100 (US$60) to A$200 (US$120). The move is designed “to reduce the need for physical contact with the payment terminal,” AusPayNet says. “From next week, consumers will begin to see an increasing number of retailers accepting contactless card […]

The latest health and fitness tracker from Fitbit comes with contactless payments as standard. The Fitbit Charge 4 includes Fitbit Pay, the company’s prepaid wallet that works with cards from nearly 500 issuers in 44 countries worldwide. Previously, Charge buyers had to pay extra for a ‘special edition’ Charge 3 to get built-in NFC payment

US credit card payment volumes decreased by 7% in March 2020 compared with March 2019, Visa has reported, while cross-border transaction volumes have fallen 19%. Debit card volumes dropped by 1%, resulting in an overall reduction in Visa’s US payments volume of 4%, the payments network says in a form 8-K regulatory filing. “As the

Banks in Qatar are raising the contactless transaction limit from 100 riyals (US$27.46) to 300 riyals (US$82.39), in a bid to limit the spread of Covid-19. “For contactless purchases up to QAR 300 at selected POS terminals, and up to QAR 1,500 (US$411.97) cumulative at any merchant globally, no PIN entry is required,” QNB says.

The European Banking Authority has issued a statement urging the European payments industry to increase contactless transaction limits to €50 (US$54.97). “Well-functioning payment services are vital at this time, and contactless payments should be stepped up to the threshold allowed under EU law,” the EBA says. The EBA has “noted the importance of orderly payments

Countries around the world are increasing the contactless transaction limit in a bid to combat the spread of Covid-19. NFCW has collated into one table the increases for each country and will keep it up to date during the crisis. The countries which have announced increases to date are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus,

Mastercard is now working with 29 countries across Europe and central Asia to implement increases to their contactless payment transaction limit, the payments network says. The countries are Albania, Armenia, Belarus, Bulgaria, Croatia, Cyprus, Estonia, Georgia, Germany, Greece, Hungary, Ireland, Kazakhstan, Kosovo, Kyrgyzstan, Latvia, Lithuania, Luxembourg, Malta, Netherlands, North Macedonia, Poland, Portugal, Spain, Sweden, Tajikistan,

PARTNER NEWS: ST is to host a webinar on designing robust, powerful and effective NFC readers for industrial, automotive, consumer and payment applications on 31 March. “During this one-hour webinar, you will learn how the advanced features of the latest generation of NFC reader ICs will ease your NFC design,” ST says. “We will highlight

KNOWLEDGE CENTRE: The opening session of the Wearable Payment Summit 2020, NFCW’s first online conference, is now available to watch free of charge in our Knowledge Centre. NFCW’s editor, Sarah Clark, is joined for this opening panel discussion by: Wayne Leung, CEO of wearable payment innovator Tappy Technologies, in Canada Vijin Venugopalan, head of Mastercard

The spending limit for contactless card payments in the UK is being increased from £30 (US$35.33) to £45 (US$52.99), UK Finance has announced. The new spending limit will begin to roll out from 1 April 2020. Read the rest of UK raises contactless transaction limit by 50% at NFCW.