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At Money 2020, and in the wake of Apple Pay and its dominance of the headlines, US mobile money ventures, Softcard (formally ISIS) and merchant-run MCX, have been setting out their strategies for wining over customers. MCX has endured a difficult couple of weeks thanks to the controversy surrounding its policy on barring member merchants [...]

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The Payments Security Task Force (PST) has announced a forecast of participating acquirers estimating that at least 47% of US POS terminals will be enabled for EMV chip technology by the end of 2015. The estimates are based on forecasts provided by acquirers representing approximately 80% of USpurchase volume. Organizations participating in the forecast include First Data, [...]

The post Half of US POS terminals to accept EMV in 2015 appeared first on Payments Cards & Mobile.

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MasterCard and Zwipe announced their partnership for the launch of the world’s first biometric contactless payment card featuring an integrated fingerprint sensor. The launch of the card comes after a successful live pilot with Norway’s Sparebanken DIN, aligned to the Eika Group, as an answer to the complex challenge of providing a fast, convenient payment solution [...]

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A recent GfK survey in China, Germany, South Korea, the UK and the US indicates that people in these countries see potential in using smartwatches to ‘carry’ tickets for passenger transport or as security keys to their computers and online accounts. The ability to transmit healthcare data via a smartwatch is also of particular interest [...]

The post Smartwatches face challenges as payment system appeared first on Payments Cards & Mobile.

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A total of 205 billion card payments were made worldwide in 2013, a rise of 13% on 2012, according “Global Payment Cards Data and Forecasts 2013-2019”, a new report from RBR. This growth was slightly higher than the 11% increase in card numbers to 10.8 billion, which reflects an expanding global physical and virtual merchant [...]

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