Royal Mint produces solid gold payment card

The UK’s Royal Mint has unveiled a payment card that is produced entirely from 18-karat gold and comes with “no spending limit”. Dubbed “the world’s first hallmarked precious metals payment card”, the new Raris debit card is part of a growing trend in ultra-premium card formats. Swiss jeweller Armillion, for instance, recently unveiled a contactless…

EMT to pilot blockchain and face recognition ticketing in Madrid

Madrid public transportation operator EMT has announced plans to run two next-generation transportation payments pilots. The first is a blockchain-based mobility-as-a-service platform while the second involves a six month pilot of face recognition based ticketing on the city’s buses. For the blockchain project, the goal is to create a single mobility-as-a-service (MaaS) platform that can…

In-Depth: Persistent Consumer Security Fears about Mobile Payments Prove Difficult to Dislodge

By:  Dan Balaban NFC TIMES Exclusive Insight – Results of yet another survey has shown that a significant percentage of U.S. consumers continue to harbor security fears about using their smartphones for payments, a stubborn problem that has hindered growth of mobile payments from the beginning. Related stories, automatically selected:  Research Firm Projects Use of NFC…

NatWest begins biometric credit card pilot

The UK’s NatWest bank has begun a three-month pilot of a biometric credit card that enables customers to make contactless transactions of up to £100 (US$123) instead of the usual maximum value of £30 (US$37). The biometric credit cards include a built-in fingerprint sensor that the cardholder uses to verify their identity when making a…