Month: January 2021

Penetration Rates for Contactless Payments Saw Strong Growth in 2020, including in U.S., Say Networks

By:  Dan Balaban NFC TIMES Exclusive Insight – The CEOs of both Visa and Mastercard in their respective earnings calls yesterday confirmed that contactless payments continued to grow as a share of all face-to-face card payments, with consumer fears of handling cash building on already strong growth trends for the technology. Related stories, automatically selected:  In-Depth: …

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Survey reports on consumer attitudes to using mobile apps for transit ticketing

Nearly one in two Americans (46%) are most likely or definitely interested in mobile payment options for public transit ticketing “for a safer mass transit journey”, a survey of consumers in 28 countries around the world has found. This compares with 50% of Israelis, 48% of UAE residents, 42% of Singaporeans and 36% of Hong …

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Moscow Metro Sees Continued Growth in Open-Loop Transactions Despite Fall in Ridership from Covid

By:  Dan Balaban NFC TIMES Exclusive Insight – The Moscow Metro saw a large increase in contactless open-loop transactions in 2020, despite a sharp fall in ridership because of the Covid-19 pandemic, according to Roman Latypov, a first deputy CEO for the transit agency. Related stories, automatically selected:  Transport for London Prepares for Major Fare-Collection System …

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Flipkart lets customers use reward points for in-store payments

Customers of Indian ecommerce giant Flipkart can now use SuperCoin reward points earned by shopping on the platform to make in-store purchases at retail outlets across the country by scanning a QR code at participating merchants. The new SuperCoin Pay service will enable users “to pay up to 100% of their bill value across 5,000+ …

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Chinese banks launch mobile wallets that let customers transact in digital yuan

At least eight major banks, including Hong Kong-based China CITIC Bank, have now introduced or are in the process of introducing digital wallets that support China’s central bank digital currency (CBDC), according to local media reports. The news comes as the mayors of both Beijing and Shanghai announce that the two first-tier cities plan to …

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American Airlines launches mobile health passport for passengers travelling to the USA

International passengers arriving at US airports on American Airlines flights can now verify that they have had a negative Covid-19 test before travelling via a digital health passport on their mobile phone. The VeriFLY app enables passengers to create an account, add a selfie for biometric identity verification and upload documents proving that their pre-flight …

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Mastercard unveils enhanced contactless payment specifications

Mastercard has announced new specifications for contactless payments that will offer quantum-resistant security via “next-generation algorithms and cryptographic key strengths”, enhanced privacy at the checkout and “help ensure any device truly can be a payment device”. “The new Enhanced Contactless (Ecos) specifications are an industry first and will help ensure that as our dynamic digital …

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ST launches NFC Type 5 tags with Augmented NDEF for dynamically updated information exchange at longer ranges

PARTNER NEWS: STMicroelectronics has released two new NFC Type 5 tags that combine NFC and RFID technology, Augmented NDEF and anti-tampering to let developers “leverage NFC contactless communication in new and imaginative ways for applications in consumer engagement, brand recognition, supply-chain management and access control”. “The ISO/IEC 15693-compliant NFC Type-5 tags respond both to smartphones …

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BNP Paribas to offer biometric payment cards to premier card customers

BNP Paribas Visa Premier card customers will soon have the option of upgrading to a biometric payment card for an additional fee of €24 (US$29) a year, the French bank has revealed. The biometric card is equipped with a sensor that enables users to authenticate payments of any amount with their fingerprint rather than a …

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BIS to build proof of concept platform for cross-border CBDC payments

The Bank of International Settlements (BIS) is to develop a proof of concept platform to explore the use of central bank digital currencies (CBDCs) for cross-border payments and has identified CBDCs as one of six “thematic priorities” for the year. The platform will use “multiple wholesale CBDCs to explore the feasibility of faster and cheaper …

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