NFC World

“The launch of Compass Mini is a part of our commitment to enhance the customer experience,” CEO Kevin Desmond said in a news release. “Compass Wristbands have been a real hit and I’m sure customers will enjoy the convenience and practicality of the new Compass Mini.” Read the rest of TransLink issues Compass Card key […]

“The app uses a beacon and near field communication technology to order and pay for your meal on your phone while you’re at a restaurant, cutting out the process of having to flag down a waiter.” Read the rest of Merivale to let Sydney diners tap table tags to order food and drinks at NFCW.

“Since the service began trials in September, nearly 200,000 commuters in Zhengzhou have elected to authorise face-scan payments using a local metro service app… While Zhengzhou is among dozens of Chinese cities to introduce such trials, it is the first to deploy the service across its entire subway network.” Read the rest of Zhengzhou Metro

“The primary elements of a CPoC solution include: a Cots [commercial off-the-shelf] device with an embedded NFC interface to read the payment card or payment device; a validated payment acceptance software application that runs on the merchant Cots device initiating a contactless transaction; and back-end systems that are independent from the Cots device and support

“The physical version of the card is completely numberless, front and back, thus averting the prospect of theft of personal and financial information… The digital GrabPay Card is available in Singapore starting today… The digital GrabPay Card will be launched in the Philippines in Q1 2020, with other Southeast Asian countries to follow in the

“Users will convert funds from their bank accounts or elsewhere into the digital currency using a smartphone app. The service will use this currency in transactions, which will be handled through QR codes. Money sent via the app can be moved back into an account as cash, allowing for transfers between individuals.” Read the rest

UK bank NatWest is following its biometric payment card trials with a pilot of a biometric payment fob that lets customers make contactless payments for transactions valued at up to £100 (US$130). The fobs include an integrated fingerprint reader and are being provided to 250 customers for use in a three-month pilot of the technology.

“Biometric authentication will be used to secure US$2.5tn worth of mobile payment transactions by 2024, an increase of almost 1,000% on the US$228bn expected to be transacted through the method by the end of 2019.” Read the rest of Juniper forecasts 1,000% increase in use of biometrics to secure mobile payments at NFCW.

“Any customer who possesses a Smart Octopus issued before 1 October 2019 or an Octopus product issued before 1 December 2019 can upgrade the stored value limit from HK$1,000 (US$127.75) to HK$3,000 (US$383.26) via Octopus App or at any Octopus Service Point. Once the stored value limit has been upgraded, customers can also make payment

The volume of transactions made using wearable devices has seen an eightfold increase in Europe over the past 12 months, Mastercard reports, while Australia tops the list of countries where most wearable payments are now being made. A third of all wearable transactions in Europe (33%) are made in the Netherlands, followed by the UK