India sets out plans for a cash-lite society

“The Payment Systems Vision 2021, with its 36 specific action points and 12 specific outcomes, aspires to (a) enhance customer experience, including robust grievance redressal; (b) empower payment system operators and service providers; (c) enable the payments ecosystem and infrastructure; (d) put in place forward-looking regulations; and (e) undertake risk-focused supervision.” Read the rest of…

As Their Resistance Crumbles, Australia’s Big Four Banks have Found that Opposing Apple Pay Too Costly, Despite Tech Giant’s Fees

By:  Dan Balaban NFC TIMES Exclusive Insight – Another one of Australia’s big four banks, National Australia Bank, has given in to pressure from customers and has agreed to support Apple Pay. Related stories, automatically selected:  Aussie Banking Group: Apple Holding Issuers ‘Hostage’ with Its Restrictive NFC Policies Australian Banks Form Bloc to Counter Apple’s ‘Divide-and-Conquer…

As Their Resistance Crumbles, Australia’s Big Four Banks have Found Resisting Apple Pay Too Costly, Despite Opposing Tech Giant’s Fees

By:  Dan Balaban NFC TIMES Exclusive – Another one of Australia’s big four banks, National Australia Bank, has given in to pressure from customers and has agreed to support Apple Pay. Related stories, automatically selected:  Aussie Banking Group: Apple Holding Issuers ‘Hostage’ with Its Restrictive NFC Policies Australian Banks Form Bloc to Counter Apple’s ‘Divide-and-Conquer Strategy…

National Australia Bank goes live with Apple Pay

“National Australia Bank (NAB) on Monday announced immediate support for Apple Pay, becoming the third of Australia’s ‘big four’ banks to integrate with Apple’s payments platform after a failed boycott… With NAB on board, Westpac becomes the last of Australia’s ‘big four’ banks to resist Apple Pay.” Read the rest of National Australia Bank goes…

Apple Pay goes live in Luxembourg and Hungary

“In Luxembourg, BGL BNP Paribas is currently the sole bank supporting Apple’s digital wallet, while OTP Bank is supporting Apple Pay in Hungary… The expansion within Europe follows the launch of Apple Pay in Iceland earlier this month. Elsewhere, regional banks in The Netherlands and Portugal have teased that Apple’s contactless payment system is ‘coming…

Report: Will Deployment of Contactless EMV Cards in U.S. Drive Growth of NFC Mobile Payments? Conclusions Hard to Draw

By:  Dan Balaban NFC TIMES Exclusive Insight – With U.S. banks finally beginning to issue dual-interface EMV cards in significant numbers this year and more U.S. merchants accepting contactless and NFC payments, a key question becomes whether contactless card payment will help or hurt the prospects for what has generally been considered as disappointing take-up of…