By: Dan Balaban NFC TIMES Exclusive Insight – The heads of the two largest payments networks in the U.S., Visa and Mastercard, predict strong growth for contactless payments in the U.S., with Mastercard CEO Ajay Banga noting that 70% of U.S. Mastercard-branded cards in the U.S. are coming up for reissue over the next 12 to […]
Apple Pay revenue and transactions have “more than doubled year-over-year with the run rate exceeding 15bn transactions a year,” Apple CEO Tim Cook has revealed. “We’re thrilled to report Apple’s biggest quarter ever, which set new all-time records in both revenue and earnings,” he explained during the iPhone-maker’s first quarter 2020 earnings call. Cook also
Apple Pay revenue and transactions ‘more than double’ in the year Read More »
A survey has found that while half of Brits are happy to unlock their phones with their faces, only a third trust the technology to authorise a payment. Of those surveyed, 50% are happy to use face recognition to unlock their own phone, and 47% would use their face as a boarding pass for a
UK consumers warming to face biometrics Read More »
Italy’s national postal service provider has added QR code-based payments to its mobile payments app, to support the country’s transition from cash to digital payments. Postepay’s QR function, Codice Postepay, also offers merchant features including geolocation, integration into Postepay’s loyalty and engagement programmes — including discounts and cashback — as well as money transfers to
Poste Italiane adds QR code payments to Postepay app Read More »
A family-run vineyard in Italy has become the first in Europe to use NFC-equipped screw caps on its bottles to protect buyers from counterfeit wines. Piedmont-based Vigneti Massa is using Nestgate NFC aluminium screw caps from Guala Closures Group on its 2018-vintage Derthona wines to give each bottle a unique identity and to allow the
Piedmont vineyard picks NFC screw caps to fight fakes Read More »
The World Economic Forum has released a Policy‑Maker Toolkit for central bank digital currencies (CBDCs), designed “to help central banks evaluate, design and potentially deploy CBDC”. “The framework is intended to help accelerate critical and rigorous analysis of CBDC and lay common groundwork for central banks to support stable, efficient and inclusive global systems that
World Economic Forum publishes central bank digital currency toolkit Read More »
By: Dan Balaban NFC TIMES Exclusive Insight – Transport officials in Australia have released figures on use of contactless payments in Sydney and New South Wales, showing that customers tap their contactless credit and debit cards and NFC devices for an average of 1.5 million transactions per week, accounting for a relatively small but respectable number
Apple has introduced a new Apple Watch Connected gym program that provides users with exclusive rewards at gyms that make use of the wearable device’s NFC payments and tap-to-connect capabilities. To join the program, gyms are required to provide an exclusive incentive or reward for Apple Watch users and an app that provides them with
Apple leverages NFC to deliver exclusive rewards to Apple Watch gym users Read More »
Public transportation users in Sydney, Australia, are now using their contactless debit card, credit card or linked device to make 1.5m journeys a week, Transport for NSW has revealed. More than 30m journeys have now been made in total since contactless payments were first piloted in 2017. While new payment options are growing in popularity
Transport for NSW reports on contactless ticketing adoption Read More »
New York City has joined New Jersey, Philadelphia and San Francisco in passing legislation that makes it illegal for stores, restaurants and other retail outlets to not accept cash. “Under the bill, businesses that refuse cash face fines of $1,000 for a first violation and $1,500 for each subsequent offense,” The New York Times reports.
New York City bans cashless stores Read More »
