Mastercard: Contactless Payments in Europe Approach 80% of Card Transactions; Pandemic Causes More Consumers to Shun Cash

By:  Dan Balaban NFC TIMES Exclusive Insight – While contactless payments in Europe were already commonplace and continue to grow, the Covid-19 pandemic has created even more interest in the technology among consumers, according to a report released Thursday by Mastercard. The report includes a survey showing that consumers in eight major European markets say they…

Samsung Money to go live in the US this summer

A new Samsung Money by SoFi service due to launch in the US “later this summer” will provide “a mobile-first money management experience that brings a cash management account and a Mastercard-branded debit card along with exclusive benefits into Samsung Pay,” the company has announced. “The account is secure, charges no account fees and rewards…

Google pilots voice-based payments

Google is piloting a new service that lets Google Assistant users confirm payment for a purchase with just their voice. “A new setting to allow Voice Match to confirm purchases made through the Google Assistant has been spotted in the Assistant’s Payments and Security settings pane,” Android Police reports. “We’ve confirmed with Google that the…

Morocco boosts contactless transaction limit by 100%

Morocco’s bank-owned payment acquirer, Centre Monétique Interbancaire (CMI), has raised the contactless transaction limit in the country from 200 to 400 dirhams (US$40) in response to the coronavirus crisis. Since the start of the pandemic, 49 countries have now announced or brought forward a rise in the maximum amount of a contactless payment transaction before…

Dejamobile launches white label solution for contactless payments acceptance on standard NFC devices

PARTNER NEWS: Dejamobile has launched a white label solution that enables merchants to be provided with the ability to accept EMV contactless and digital payments on standard NFC phones and tablets — with no additional hardware required. ReadyToTap Payment for Merchants is a turnkey software-only solution with two components — a PCI DSS-certified payment management…

MintID protects precious metals with NFC chips

MintID has introduced a series of gold and silver bars and coins that use tamper-proof NFC security chips to provide bullion investors with assurance that they are buying a genuine product. “Physical precious metal investing has many advantages. Unfortunately, until now investors have been plagued with the uncertainty of whether or not the products they…