Source: American Express American Express (NYSE: AXP) has joined forces with North America’s largest public transportation agency, New York’s Metropolitan Transportation Authority (MTA), to bring contactless payments to transit riders in New York City.
Read MoreWhile major card issuers such as Chase and Wells Fargo roll out NFC-enabled credit and debit cards incrementally, Bank of America is taking much more aggressive approach. In New York, Boston and San Francisco, BofA will force a mass NFC upgrade by mailing new contactless credit and debit cards to all of its consumer card […]
Read MoreFor those of us who work in the payments industry, contactless payments and contactless cards have been something of a white whale for close to 20 years now. Always out there, just about to catch-on, if only… A brief history of contactless payments There’s a history section on the Wikipedia page for contactless payments that […]
Read MoreHow to speed the checkout process? To echo an old Dustin Hoffman film, the answer may lie with one word: plastic. To that end, Chase, the largest card issuer in the U.S., said Wednesday (Nov. 14) that it’s rolling out tap-to-pay functionality across its Chase Visa card portfolio.
Read MoreContactless cards have been slow to take off in the U.S., but an endorsement from the largest domestic issuer may help speed up adoption. Chase, the consumer banking arm of JPMorgan Chase Co. announced that it would be sending out contactless Visa Inc. credit cards beginning in the first half of 2019.
Read MoreThe move to a contactless payment system is big news in the New York subway system. We actually got word from Paysafe to that effect recently, showing how contactless payments could be a real game-changer in the inefficient, cash-burning subway.
Read MoreThe research arm of Japanese technology giant Sony announced it had created a contactless cryptocurrency hardware wallet in a press release Tuesday, Oct. 23. The as yet unnamed device utilizes IC smart card technology popular in Japan to communicate with the Bitcoin (BTC) or other cryptocurrency network.
Read MoreContactless payments have become the most popular form of card transaction in the UK for the first time, new figures have revealed. The latest figures say that contactless has now overtaken Chip & Pin payments, having already toppled cash transactions earlier this year. The company estimates that 38.
Read MoreIt’s been four years since Apple launched Apple Pay, which together with Google Pay and Samsung Pay have ushered in the modern era of mobile payments.
Read MoreContactless cards have been a big hit around the world. In the U.K., the European Union (EU) and Canada, contactless payments account for two out of five face-to-face Visa transactions, according to newly released data.
Read MoreThe UK is continuing to lead the way as a global leader in payments technology, according to new data from Mastercard. The firm has revealed that almost half of all in-store card transactions made in the UK use contactless technology, making it the most widely-used form of electronic payment in Europe.
Read MoreTo help consumers experience new ways to pay, Visa has announced a new relationship with New York Fashion Week: The Shows. Through the on-site experience, consumers will be able to tap to pay with contactless cards and devices, the company said in an announcement.
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