Over the past several decades, financial markets and institutions underwent a radical transformation and a sudden expansion, induced by general trends in deregulation, liberalization, globalization, as well as computer technologies, advances. All of these changes beg the question of whether modern societies are moving towards a cashless society where payments are contactless in a real…
Thales is the latest organization to suggest that COVID-19 could accelerate the adoption of contactless payment technologies. The company notes that the amount of cash in circulation has decreased during the pandemic, while online transactions have gone up in the same period. Now Thales is arguing that some of the changes could be permanent, and…
It’s been another varied week in Mobile ID World news, but this week’s top stories roundup features payment cards as a notable theme, with, of course, an appearance from the topic of COVID-19. This week brought the news that China UnionPay has offered a Letter of Approval for a biometric payment card featuring IDEX Biometrics…
ABI Research is predicting that COVID-19 will accelerate the adoption of contactless payment cards. The firm now believes the number of cards issued in 2020 will exceed initial estimates by more than 110 million cards, a figure that will bring the total number of contactless payment cards in circulation to more than 2 billion internationally. …
Even with the COVID-19 pandemic grinding much of the global economy to a halt, it has been a busy week in the world of digital identity. Indeed, in some cases, the pandemic might even be accelerating activity in this space, as some of this week’s top stories from Mobile ID World suggests. One of the…
Mastercard has released the results of a global survey that suggests that the COVID-19 pandemic is accelerating the adoption of contactless payments. An astonishing 79 percent of the respondents confirmed that they are now using contactless payments, with many citing safety as their primary motivation for doing so. To that end, 82 percent of the…
Japan-based JCB has announced a new solution aimed at broadening the use of mobile payments. Dubbed ‘Tap on Mobile’, it’s a contactless payments program that JCB has developed in collaboration with Soft Space, an APAC-based FinTech company. Integrating JCB’s contactless engine for payment transactions, the program is designed to let end users make contactless payments…
HID Global has teamed up with Fidesmo to improve the utility of wearable devices. The partnership specifically concerns HID Global’s Seos credentialing technology, which Fidesmo will be integrating into secure element (SE) chips that can then be deployed in wearable devices to enable a variety of different applications. In that regard, the two companies called…
Fingerprint Cards (FPC) is once again pushing the benefits of contactless payment technology. In its latest blog post, the company notes that contactless payments have gone up since the onset of the COVID-19 pandemic, even in countries (like Germany) that have been slower to switch from cash to cards. The logic behind that trend is…
The Publix grocery store chain has announced that it will now be accepting contactless payments at every one of its 1,243 locations. The rollout includes support for Apple Pay, and also extends to Publix’s GreenWise Market banner. The decision reflects public health concerns related to the coronavirus. Mobile wallets like Apple Pay, Google Pay, and…
Mastercard is urging its merchant partners in Canada to raise their caps on contactless payments to $250. In announcing the effort, Mastercard framed it as one focused on public health, under the rationale that contactless payments help to facilitate social distancing during the COVID-19 pandemic. It also may be viewed as an effort to further…
The Virginia Department of Motor Vehicles is hoping to make the DMV experience a little more convenient for Virginia residents. The Department has announced that it will now accept Apple Pay, Google Pay and Samsung Pay at all of its 75 locations across the state. Citizens can also use the mobile wallets at any DMV…
Juniper Research has released a new report that predicts that there will be more than 161 million contactless Point-of-Sale (POS) terminals in use by 2024, more than doubling the total number of such terminals in 2019. There are currently around 78 million contactless POS terminals in circulation. POS terminals without contactless capabilities will be rapidly…
IDEMIA and Mobeewave are extending their payments partnership in Australia. The two companies first joined forces in 2017, and are now working together to bring NFC-enabled contactless payments to brick-and-mortar retailers across the country. The joint solution combines IDEMIA’s Digital Enablement Platform with Mobeewave’s contactless payment processing platform, which is compliant with the latest Payment…
“The new Tap&Pay system doesn’t even require users to ‘wake up’ their smartphone screen; essentially the phone – so long as it’s running on Android P or later – becomes its own kind of contactless transit card.” Samsung has made its mobile payments platform easier to use on public transit in two major American cities,…
In keeping with the general theme of Mobile ID World, this week’s most popular articles were, for the most part, concerned with new, emerging, and future technologies – not to mention one particularly hot trend in today’s payments industry. That trend is the evolution of payments from cash to digital, contactless mechanisms that offer greater…
Fit Pay is utilizing the CPI Card Group’s Adaptives contactless payment technology in its Flip payment device. The Flip operates much like any other NFC device, but is noteworthy because it allows owners make retail purchases with Bitcoin and other cryptocurrencies once those currencies have been converted to US dollars and loaded onto the device.…
During the group stage of the FIFA Women’s World Cup, Visa found that fans across the host cities in France made purchases using contactless payment technology 51 percent of the time. The financial services giant, which is FIFA’s Official Payment Services Partner, says these purchases were performed using a variety of mechanisms, including smartphones, wristbands…
“Based on the FitPay mobile payments platform, Garmin Pay allows users to upload their payment information so that they can make contactless, tap-to-pay purchases using their wristband devices.” Garmin Pay has a big new supporter: Discover has announced that its credit cards can now be used together with the wearables-focused mobile payments platform. The news…
“The PayWear solution essentially revolves around a small chip called the “PayWear Card”, which can be inserted into a wristband or a small silicone token called the PayWear Keeper.” Australian bank Westpac has bestowed IDEMIA with an innovation award for its efforts with PayWear, a wearable payments solution that bank offers to its customers. The…
