Morocco boosts contactless transaction limit by 100%

Morocco’s bank-owned payment acquirer, Centre Monétique Interbancaire (CMI), has raised the contactless transaction limit in the country from 200 to 400 dirhams (US$40) in response to the coronavirus crisis. Since the start of the pandemic, 49 countries have now announced or brought forward a rise in the maximum amount of a contactless payment transaction before

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Dejamobile launches white label solution for contactless payments acceptance on standard NFC devices

PARTNER NEWS: Dejamobile has launched a white label solution that enables merchants to be provided with the ability to accept EMV contactless and digital payments on standard NFC phones and tablets — with no additional hardware required. ReadyToTap Payment for Merchants is a turnkey software-only solution with two components — a PCI DSS-certified payment management

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Samsung Details Planned Mobile-Money Service as It Seeks to Keep Pace with Rival Apple Pay

By:  Dan Balaban NFC TIMES Exclusive Insight – Samsung offered more details today about its Samsung Money debit card and “mobile-first” money management service for its Samsung Pay app, which it plans to launch in the U.S. this summer with personal finance fintech SoFi. Samsung had disclosed plans for the new service earlier this month. Related

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Financial Conduct Authority to add new protections for consumers’ funds

The UK’s Financial Conduct Authority (FCA) is to tighten up its regulations “to ensure payments firms are adequately protecting customer funds” amid concerns that the impact of Covid-19 will affect their financial viability. “We welcome the innovation and competition we are seeing in payment services,” the FCA says. “But, as with all growing markets, we

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