News

Visa, Samsung Distributing 1,000 NFC Phones to Olympics “Decision Makers”
July 12, 2012

Roughly 1,000 Samsung Galaxy S III devices will be distributed to “key stakeholders and decision makers” at the London 2012 Olympics — and each NFC-enabled device will come with a Visa mobile payments app preinstalled, according to NFC World. Get the Full Story Complete the...

Giftly Wants You To Stop Using Closed-Loop Cards
July 12, 2012

Roughly 60 percent of the $100 billion spent annually on gift cards is loaded onto closed-loop products, according to Dan Kimerling. Kimerling is chief operating officer at Giftly, a two-year-old startup that wants to replace those closed-loop cards by moving gifting to the existing payment...

The Tale of the (Payments) Wallaby
July 12, 2012

Before about a month or so ago, whenever wallabies came up in any conversation, it was in the context of those cute little kangaroo-like critters native to the regions down-under. In addition to rating high in the cuteness category, these agile and resourceful creatures were...

Apple’s Mobile Airline Ticketing and Travel System Uses NFC
July 11, 2012

The patent for Apple’s airline ticketing and travel platform on the iPhone — dubbed “iTravel” — relies on NFC technology, according to NFC World. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no...

NFC Not for Now? London Transit Says NFC Is Too Slow for Payments
July 11, 2012

London Underground, the local metro service provider, says payments made via NFC are too slow for its transit systems. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe...

Is Apple the Payments Industry’s Black Swan?
July 09, 2012

No, I’m not talking about the creepy Natalie Portman movie by the same name, but the concept that describes a surprise event, something unpredicted yet extraordinarily powerful – an event whose impact reshapes the future in dramatic ways. The concept was given business context after...

NatWest to Test NFC By Sending iPhone Users Special Phone Cases
July 05, 2012

RBS subsidiary NatWest plans to distribute special iPhone cases to a select group of customers as part of TouchPay, its NFC-powered mobile payments trial, The Paypers says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...

MagTek Inks Deal With Viableware To Provide POS Security Services
July 04, 2012

MagTek will provide point-of-sale security services to Viableware, a technology service provider for restaurant clients, The Paypers reports. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to...

Florida Credit Union Is First to Issue EMV-Enabled Visa Prepaid Cards
July 03, 2012

PSCU says it is the first financial institution in the U.S. to issue Visa’s EMV-enabled prepaid cards to its accountholders. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....