Archive | Contactless Payments RSS feed for this archive

Contactless overtakes traditional card payments in Hungary

Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says. “Whereas in 2015 contactless payments accounted for 30% of payments, in 2016 more than half (51%) of payments were conducted with the new technology,” says Magyar Nemzeti Bank (MNB). Data published by […]

Continue Reading

UK Contactless payments up almost £18 billion in 2016 from previous year

Consumers spent £647 billion using payment cards in 2016, new figures show. There were 14.8 billion card transactions in 2016, equivalent to 40.5 million transactions a day or 469 a second, data from The UK Cards Association shows. Three-quarters of retail spending (76.4 per cent) was on payment cards. Retail spending on cards in 2016 […]

Continue Reading

Creditcall powers contactless rollout on Reading buses

Creditcall, the omni-channel Payment Gateway and EMV Kernel provider, together with its partners Ticketer, Gemini 2000, and AIB Merchant Services, today announced to have provided its payments services to enable EMV contactless card acceptance as well as Apple Pay and Android Pay on around 180 buses in Reading and surrounding area. This will form the […]

Continue Reading

G&D, Caixabank give payments wristbands to MWC visitors

Giesecke & Devrient (G&D), in collaboration with CaixaBank, will distribute wearable wristbands for contactless payments among MWC 2017 attendees. The wristbands, manufactured by G&D, are lightweight, submersible and ergonomically designed. These certified by Visa devices have an initial balance to be used in shops in Barcelona and worldwide. They integrate a security chip based on […]

Continue Reading

JCB joins nexo standards as principle member

nexo Standards, the open standards association dedicated to the creation of implementation specifications for card payment acceptance globally, and JCB International Co., Ltd., the international operations subsidiary of JCB Co., Ltd., have announced that JCB became the Principle Member of nexo Standards in its Card Schemes category. nexo Standards, headquartered in Brussels, works on behalf […]

Continue Reading

Int. Forecourt Standard Forum and Smart Payment Association announce cooperation

The International Forecourt Standard Forum (IFSF) and the Smart Payment Association (SPA) have signed a Memorandum of Understanding for cooperation. SPA, the trade body of the smart payment technology providers, becomes a Partner Organisation of IFSF, the technical body of international oil companies and petroleum retailers and their suppliers dedicated to the harmonization of interconnectivity […]

Continue Reading

One in four card payments now contactless

A quarter of all card transactions are now made via contactless, new figures from The UK Cards Association show. 325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25 per cent of all card payments in the month. The rise in contactless payments led to a record £2.9 […]

Continue Reading

Transitioning to a Cashless World – the Current State of Play

By Smart Payments Association Around the world, central banks are looking to replace cash services and escalate their country’s transition towards cashless transactions. The varied drivers for doing so include inhibiting money laundering activities, choking off terrorist funding and eliminating tax evasion. Meanwhile, for countries across the world, promoting the move to a cashless society […]

Continue Reading