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Contactless mobile wallets to surge
The number of mobile wallets using contactless technology is expected to reach 200 million by the end of 2016, according to new statistics from Juniper Research. This would represent growth of more than 100% from the end of 2014, boosted in part by the introduction of Apple Pay. The Juniper study found that while the [...]
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Thales issues Visa Ready security certification for mobile payments
Thales has announces that its Information Technology Security Evaluation Facility (ITSEF), a long standing partner of Visa, is the first facility to have carried out the certification of the Antelop Payments HCE mobile payments application as per Visa’s latest security requirements. With Antelop HCE, card issuers can instantly bring contactless mobile payments to their customers, leveraging [...]
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UK spend limit on contactless cards lifted
UK consumers will now be able to spend up to £30 using contactless cards after the limit was increased. The limit per transaction for contactless cards, which do not require a PIN or a signature to authorise payment, was previously £20. The move follows a huge rise in the number of people using contactless cards in [...]
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CaixaBank launches the CaixaBank Pay mobile payment service
CaixaBank has launched ‘CaixaBank Pay’, a new app for any NFC-enabled or android devices. The bank estimates that the service could be used by more than 70% of its mobile banking customers. With the new payment app, customers can download their CaixaBank Visa cards to their mobile phones and use the phone like a contactless card [...]
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UK contactless card use skyrockets
Spending by British consumers on their contactless cards has increased more than five-fold in the last 12 months, according to MasterCard’s UK spending data. Cardholders have driven 560% year-on-year growth in the value of transactions, up from a 373% increase in the year to July 2014, showing that the adoption of contactless payments is continuing [...]
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