EMVCo is to add support for eight-digit Issuer Identification Numbers (IINs) in 2021, with the result that “point of sale terminals may need to be updated to ensure they recognise and have the ability to process both existing and longer IINs, or transactions may be terminated or processed incorrectly”. “Merchants using IINs for additional services […]

New York’s Metropolitan Transportation Agency (MTA) says its new Omny open loop contactless payments system recorded its one millionth transaction on 8 August, “a remarkable milestone accomplished at a much higher usage rate than initially estimated”. “When we launched Omny a mere 10 weeks ago today, we knew that some New Yorkers would immediately begin

Apple has instructed its Apple Card issuing partner Goldman Sachs “to approve as many of its 100 million-plus iPhone users in the US as possible” for its new credit card “within the bounds of regulations and responsible lending,” CNBC reports. The result is that the bank “is accepting some applications from users with less-than-stellar credit

By 2024, nearly 40% of the global population will have been issued with a mobile digital identity document, Juniper Research forecasts — a total of more than three billion people. Countries in Southeast Asia and Africa, where pre-existing government-issued identities are less common, will take the lead because mobile identity documents are simpler to scale

The UK’s Financial Conduct Authority (FCA) has agreed to give card issuers and merchants an extra 18 months to implement Strong Customer Authentication (SCA), the new customer identity verification regulation which forms part of the EU’s revised Payment Services Directive II (PSD2). The move follows the European Banking Authority’s June 2019 decision to allow EU

Students at an additional 12 US universities will be able to use their iPhone or Apple Watch “to get into dorms, buy lunch and more” in the coming school year, Apple has announced. The expansion will bring the number of students able to use their iPhone or Apple Watch as a contactless student ID to

Three-quarters of Apple Pay users are attracted to the Apple Card — and so are 60% of eligible non-users, a US consumer survey conducted by Auriemma Group has found. “Those who are not attracted to the card most often say it is because they don’t make frequent Apple purchases or they don’t use Apple Pay

52% of Apple Pay users say they are likely to apply for an Apple Card in the next 12 months, a JD Power survey of US consumers has found. To date, roughly 11% of adults report using Apple Pay for purchases in-store, and that number rises to 20% among people who use an iPhone, JD

Mumbai bus operator BEST is to begin a pilot of India’s ‘One Nation One Card’ national transit card system in November this year. Announced in March 2019, the service is based on the National Common Mobility Card (NCMC) — a bank-issued contactless debit/credit/prepaid card that runs on India’s domestic RuPay payments network. Passengers will be