Contactless Payments

The United Kingdom’s Financial Conduct Authority (FCA) said rule changes that will take effect in March 2026 will allow banks and payment service providers to set their own limits for ...

Digital bank/pay-later provider Klarna is launching a new tap-to-pay feature. The new contactless payment offering is rolling out in 14 European markets, the Swedish FinTech announced in a Tuesday (Dec. 2) news release. “With more ...

Digital wallets have reached a turning point. Weekly in-store usage has more than doubled year over year, and Apple Pay now moves an estimated $450 billion in annual sales. Yet cards ...

Mastercard and Alipay+ have teamed to promote contactless payments in South Korea. This partnership will see the two companies provide support for mobile wallet Kakao Pay in launching NFC (near-field communication) payment for overseas ...

Keeping Generation Z engaged is more than a marketing imperative; for credit unions, it’s fast becoming a survival strategy. Gen Z’s digital-first expectations and readiness to adopt new technologies are forcing ...

Mastercard has launched a collaboration with NCR Atleos and ITCARD focused on contactless ATM use. “Traditionally, ATMs dispensed cash only after users insert or tap cards and enter PINs,” Mastercard said in a Thursday (Sept. 11) news ...

The United Kingdom’s Financial Conduct Authority has proposed removing its regulatory contactless payment limits, saying fraud controls are now strong enough to allow banks and other payment service providers (PSPs) ...

Cash App says its business sellers now have a new way to accept contactless payments. The company on Tuesday (July 15) announced the launch of Tap to Pay on iPhone for ...

Watch more: Tokenization Emerges as Guardian of Contactless Payments and Merchant Value As contactless payments become the default, robust security is imperative. That’s why tokenization is transforming the way consumers and ...

Seamless transactions have moved from novelty to necessity for both shoppers and merchants. As the contactless economy grows, consumers now expect smooth, hassle-free digital experiences when making purchases. “It’s not just about ...

Payments optimization is a battleground for businesses aiming to maintain a competitive edge in the evolving digital landscape. Achieving peak performance in payment processes requires a focus on three key pillars: ...

Credit unions face pressure to keep pace with national, regional and local banks that are often at the forefront of developing cutting-edge financial services. To gain access to the advanced technologies ...

Apple has extended Tap to Pay on iPhone to eight more European countries. The feature, which enables merchants to use an iPhone to accept in-person contactless payments, was launched Tuesday (May ...

Contactless payments continue to be a preferred method for consumers, Mastercard’s latest quarterly results showed, while debit and credit spending remained intact despite cardholders’ worries about the economy. Company materials that ...

The pressures facing retailers were in place long before tariffs and the specter of rising inflation dominated headlines. They’ve been dealing with theft (also known as shrinkage) and the changing ...

Apple is expanding Tap to Pay on iPhone to nine new countries in Europe. The contactless payment method is now available in Bulgaria, Finland, Hungary, Liechtenstein, Poland, Portugal, Slovakia, Slovenia and Switzerland, the tech ...

Mastercard has teamed with ICBA Payments, payments subsidiary of the Independent Community Bankers of America. The alliance is designed to help community banks modernize their card programs and offer enhanced payment services, according to ...

The United Kingdom’s Financial Conduct Authority (FCA) is seeking public comment on its proposal to remove the 100-pound (about $129) limit on contactless card payments. The FCA released an engagement paper ...

Once relegated to simple card-present transactions, digital payments today are deeply embedded into and across a web of connected devices, ultimately driving more personalized experiences and frictionless commerce. The PYMNTS Intelligence ...

Intuit began rolling out Tap to Pay on iPhone capabilities for QuickBooks Online customers Tuesday (March 11), saying this lets small to medium-sized businesses (SMBs) accept in-person contactless payments using ...

As digital economies race to streamline the payment process, the checkout experience is at the forefront of change, with innovations around customer experience and security redefining how merchants and consumers ...

The brick-and-mortar retail model is in flux. Stores have been shuttering due to retail theft, staffing shortages abound, items are locked up, and navigating the aisles takes longer than ever. Shoppers, ...

Earnings season, like clockwork, offers up a dizzying mosaic of data and qualitative analysis of revenues, profits (or lack thereof) and high-level views of the economy. The state of the consumer ...

Visa’s fiscal first-quarter results noted significant growth in payments done digitally, and in tokens and credentials issued by the payments network. Payments volume grew by 9% in the latest quarter, as ...

Mastercard’s fourth-quarter earnings results showed that consumers still rely on their cards for everyday spending — and beyond the resilient consumer, tens of trillions of dollars in commercial payments beckon. A ...

Mollie has expanded its Tap to Pay on iPhone capability to merchants in three more European countries: Austria, Italy and the United Kingdom. With this capability, merchants can use the Mollie ...

Making things easier rarely goes out of style. Just take, for example, unattended payments. Typically facilitated by self-service machines, kiosks or other devices allowing customers to complete purchases independently, these transactions ...

The U.K.’s Financial Conduct Authority may remove the 100-pound (about $123) contactless limit and “set new digital service standards” as part of its efforts to support the government’s growth mission. The ...

Dutch FinTech Klearly raised 6 million euros (about $6.2 million) in a seed round to grow its software point-of-sale (SoftPOS) product for hospitality businesses, mobile vendors and other small businesses. The ...

Mobile payments company PayByCar aims to raise $10 million to expand its services. The Boston-based company announced its funding plans Monday (Jan. 13), aiming to raise that money in the first quarter of ...

Small- to medium-sized businesses (SMBs) must balance customer demand and seamless operation. “It’s important that businesses make sure they’ve got the right technology in place to ensure that their front-end checkout ...

KuCoin introduced a solution designed to bring cryptocurrency payments into the retail sector. The digital asset exchange’s KuCoin Pay aims to bridge “ the gap between traditional retail and crypto, offering ...

As payments become faster, fraudsters hide behind anonymity or concoct identities that seem legitimate, and then scam banks, merchants and individuals out of their money. Among the most effective ways of ...

Contactless Google Wallet payments are coming to Brazil’s Pix system. The country’s central bank this week previewed the new offering — Pix by Proximity — on Monday (Nov. 4), with central ...

Mastercard’s third-quarter earnings results demonstrated that consumers are still spending, and sentiment is healthy amid a resilient labor market and the Federal Reserve’s September cuts to interest rates. CEO Michael Miebach ...

Global financial technology platform Adyen has extended the availability of Tap to Pay on iPhone to five more countries: Austria, Czech Republic, Ireland, Romania and Sweden. With this functionality, businesses can ...

The days of the old-school cash register are numbered. They may even already be over. The final note on their obituary? It’s the fact that embedded financial services and point of ...

Gone are the days of customers fumbling in their back pockets for cash or cards. “Innovations like tap on mobile and mobile wallets go a long way to simplify and ease ...

Oct. 20, 2009. The United States was starting to see daylight out of the darkness of the worst financial crisis since the great depression. The Wall Street Journal reported that companies ...

Payments technology company CPI Card Group is now accepting orders from issuers to start piloting a contactless card with new chip technology that expands payment card design options and reduces ...

Mastercard is rolling out new embedded payments technology for the freight, shipping and logistics sectors. The rollout, announced Thursday (Oct. 10), is focused on the U.K. and Europe, and happening in ...

Turns out contactless payments were a lot more than a pandemic solution. They were in development as early as 2008, but what began as a public health measure in mid-2020 has ...

Amazon is bringing its checkout-free commerce technology to more schools and stadiums. This fall, the company’s Just Walk Out technology will be in the most new stores to open at NFL stadiums ...

Apple’s move to open up near-field communications (NFC) technology — specifically so that third-party developers can integrate NFC transactions — may turbocharge digital wallets’ momentum. As PYMNTS reported this week, beginning ...

Apple says it is giving developers access to its near-field communication (NFC) technology. “Starting with iOS 18.1, developers will be able to offer NFC contactless transactions using the Secure Element from ...

About three-quarters of the international purchases made in Paris during the first weekend of the Olympic Games were made with contactless payments. Seventy-eight percent of those purchases were contactless, a figure ...

The Olympics are a time for pushing the boundaries of what’s possible. Beyond the awe-inspiring athleticism, the Olympics also serve as a proving ground for technological innovation, particularly in the realm ...

The restaurant industry faces a pivotal opportunity with the rise of frictionless digital payments, responding to growing customer demand for convenience. Despite these advancements, adoption rates lag due to entrenched ...

Visa’s fiscal third quarter results showed continued momentum in new payment flows — and further embrace of contactless payments in brick-and-mortar, face-to-face transactions. CEO Ryan McInerney said on the conference call ...

Worldline has formed a partnership with intelligent vending machine company Selfly Store. The collaboration, announced Tuesday (July 16), will see Worldline work with payment expert Antenor to integrate a contactless payment ...

As a fringe group of consumers gets microchips implanted in their hands to make payments without using any external devices, time will prove whether these shoppers are early adopters or ...

Square has begun offering Tap to Pay on iPhone to merchants in France. The new offering, announced Tuesday (July 9), lets businesses use an iPhone to accept in-person payments with Apple’s Tap to Pay ...

Apple has reportedly made concessions to end a European Union (EU) antitrust investigation into its mobile payments system. The tech giant will give its rivals more access to its contactless technology, thereby avoiding ...

Human interaction used to be essential for finalizing transactions at traditional point-of-sale locations. However, there has been a shift, with unattended payments technologies increasingly becoming indispensable in today’s fast-paced retail environment. Ellie ...

The concept of the connected commuter is gaining momentum, driven by the increasing reliance on digital solutions for travel and commuting needs. PYMNTS Intelligence research highlighted this trend, revealing an increase ...

Payment facilitators (PayFacs) using Worldpay’s services can now offer their merchants tap-to-pay on iPhone. The payments technology firm said in a Thursday (May 2) press release that two of its PayFac partners ...

Four years ago, the pandemic began to give wings to contactless payments. Now, as shown by earnings results from the likes of Mastercard and Visa, the payment methodology has taken flight. PYMNTS Intelligence data noted earlier ...

Mastercard said in its most recent earnings report on Wednesday (May 1) that the shift to digital payments from cash is gaining strength, and contactless and tokenized transactions are proving ...

Google is transitioning its Fitbit Pay contactless payments to Google Wallet in most countries. “Google Wallet is now available for all Fitbit devices that support contactless payments,” a message on the Fitbit Pay web page said. “Fitbit Pay will no ...

Technological transformation is at the heart of both modern commerce and payments innovation. With technology as the driving force, consumers are demanding more than transactions from their payment experiences; they seek ...

Commercial payments firm Comdata has launched a contactless feature for its electric vehicle focused Chargepass Mastercard. As the company noted in a Tuesday (April 9) news release, the solution is designed to streamline payments ...

The traditional banking model and business roadmap for financial institutions needs future-proofing. Across today’s financial services landscape, digital increasingly rules the roost — making prioritizing innovation important for long-term success. Staying relevant ...

Stripe is now powering payments for retailers using Amazon’s Just Walk Out technology in Australia and Canada. With Stripe Terminal and Stripe Connect enabling in-person payments for retailers using that technology, ...

In an age where technology continues to evolve at an exponential pace, the integration of smart devices into consumers’ daily routines has become increasingly prevalent. From smartphones to smartwatches, these devices have not ...

India’s Airtel Payments Bank partnered with smartwatch company Noise to launch a smartwatch that enables users to tap to pay. The Payments Bank Smartwatch enables hassle-free payments, Airtel Payments Bank said in a Tuesday (March 19) post ...

PayPal has expanded its Tap to Pay on iPhone offering in the U.S. The company said in a Thursday (March 7) press release that the service is now available for all U.S. Venmo business ...

Samsung’s latest wearable device reportedly comes with health-tracking features. The smartphone maker’s Galaxy Ring — the company’s first ring product — is set to go on display for the first time ...

TD Bank has launched “Tap to Pay on iPhone,” a new mobile-based payment acceptance option that aims to provide greater flexibility and convenience for business owners. This solution allows business owners to ...

Nearly five years after Click to Pay was introduced (initially as Secure Remote Commerce), Jennifer Marriner, EVP, Global Acceptance Solutions at Mastercard, told Karen Webster, “The actual use cases are ...

In the past, urban travel often meant wrestling with cumbersome paper tickets or scrambling for exact change at transit stations. However, with the roll out of smart city payment systems, ...

For Mastercard, new payment flows and digital innovations outpaced spending growth on cards — though consumers remain resilient. And as management noted in a press release and on an earnings call ...

Tax preparation software firm Drake Software launched a contactless payment acceptance system for tax professionals. Drake Pay is “designed to meet the payment acceptance needs of the modern tax preparer for ...

It’s said the whole is other than the sum of its parts, but often, it is the parts that are more interesting — and more malleable. Human history has been defined ...

PYMNTS asked industry executives across the payments and digital commerce landscape to give us their take on the pivotal shifts, technological advancements and strategies that have shaped business in 2023. ...

A decade ago, in 2013, Amazon counted around a thousand robots across its fulfilment warehouses. That same year, tech giant Google spent more on headcount and people costs than it did ...