Visa to acquire Plaid in $5.3bn move into open banking and integrated payments

Visa is to acquire Plaid for US$5.3bn, in a move that CEO Al Kelly says “will put us at the epicentre of the fintech world, expanding our total addressable market and accelerating our long-term revenue growth trajectory”. Plaid “makes it easy for people to securely connect their financial accounts to the apps they use to

Visa to acquire Plaid in $5.3bn move into open banking and integrated payments Read More »

Visa to let merchants accept contactless payments on Android NFC phones

Visa has unveiled Tap to Phone, a new software-only solution that enables merchants to accept contactless payments on Android NFC mobile phones, without the need for any additional hardware. The solution is currently undergoing pilot testing in seven countries with five more to be added “over the next several months”. “Today, billions of people expect

Visa to let merchants accept contactless payments on Android NFC phones Read More »

NFC Forum releases four new specifications

The NFC Forum has released four new specifications designed to improve “the robustness and communications speed for the over two billion NFC-enabled devices, like smartphones, in use today”. Digital Protocol Technical Specification Version 2.2, Type 2 Tag to Type 5 Tag Technical Specification Version 1.1, Activity Technical Specification Version 2.1 and Profiles Technical Specification Version

NFC Forum releases four new specifications Read More »

Contactless Payments of Fares Gets Slow Start in Miami, According to Figures

By:  Dan Balaban NFC TIMES Exclusive – Take-up of open-loop contactless payment of fares in Miami-Dade County, Fla., has been slow so far, more than four months after transit Related stories, automatically selected:  Use of Contactless EMV to Pay Transit Fares Accelerating, According to Two Agencies That Launched Service This Year Miami Latest U.S. City to

Contactless Payments of Fares Gets Slow Start in Miami, According to Figures Read More »