NFC World

News from the NFC World journal

Viva.com and Alipay+ strategic partnership for international tourists

Viva.com has expanded its strategic partnership with Alipay+, with a suite of cross-border mobile payments and digitalization technology solutions, to enable European merchants to accept direct payments from 15 e-wallets. Viva.com and Alipay+ strategic partnership The partnership allows global tourists, mostly from Asia, to pay businesses across Europe with their preferred mobile wallet app via […]

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JPMorgan in talks to take over Apple’s credit card program

JPMorgan Chase has entered preliminary discussions with Apple to potentially take over the management of the tech giant’s credit card program, which is currently handled by Goldman Sachs. JPMorgan in talks to take over Apple’s credit card According to sources familiar with the situation, the talks are in the early stages, and no final agreement

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E-commerce fraudulent returns and refunds growing exponentially

Growing numbers of shoppers are casually and blatantly taking advantage of returns and refund policies, costing brands millions every year in lost revenue. Cheats and tips spread via social media give this activity a veneer of acceptability, though legitimate customers and businesses end up counting the cost. To make matters worse cybercriminals are now offering

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Contactless transactions lead Canada’s in-store purchases

The number of contactless payments in Canada increased by 17% in 2023 to reach 68% of all in-store payments, according to the recently released Canadian Payments Forecast 2024. Contactless transactions lead in-store purchases The value of contactless payments increased by more than $80 billion over the year representing a year-on-year growth of 20%. “There are

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The future of online gambling: Frictionless payment experiences

The online gambling industry has undergone a dramatic transformation in recent years. Gone are the days of clunky interfaces and limited payment options. The future of online gambling Today’s players crave a seamless, secure, and personalised experience, pushing the boundaries of innovation in the space. This article delves into the trends shaping the future of

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BIS selects CaixaBank for Project Agorá cross-border payments

CaixaBank has been selected as one of the private entities that will be part of the Project Agorá global initiative of Bank for International Settlements (BIS) and the Institute of International Finance (IIF) to explore new forms of international payments. BIS selects CaixaBank for Project Agorá Project Agorá has involved private sector companies worldwide to

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The growing divide in payments: Small businesses struggle to align

As we know, the global payments landscape is undergoing rapid transformation, but small businesses and consumers appear to be at odds when it comes to payment preferences. This misalignment, highlighted in the 2024 Xero Global Payments Report, exposes a significant gap between the payment methods consumers want and those small businesses are prepared to offer.

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Improved identity and authentication management leads to higher revenue

Data from The Barmard Institute reveals[1] an average of 70.19% of consumers dropped out of transactions last year. 25% of those dropping out citing information security concerns as a reason for doing so, and a further 22% complaining about high levels of inputs and data entry requirements. A new opinion piece by Martin Zeisel, Principal

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Mastercard acquires Recorded Future for threat intelligence capabilities

Mastercard has expanded its cybersecurity services with an agreement to acquire global threat intelligence company Recorded Future from Insight Partners for $2.65 billion. Mastercard acquires threat intelligence capabilities Recorded Future is the world’s largest threat intelligence company, with more than 1,900 clients across 75 countries, including the governments of 45 countries and over 50% of

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