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Visa has upgraded its payWave contactless card technology to Visa Contactless 2.0, based on EMV. It allows faster communication between the card and terminal than previously to make the product more useful in environments where speed is important, such as fast food outlets , carparks and convenience stores. It is also more secure. The new [...]
Results from the London-based 02 wallet trial, Europe’s largest trial of Near Field Communications (NFC) technology on a mobile phone, appear to reveal clear consumer demand for the services on offer. Nine out of ten trialists were happy using NFC technology on a mobile phone and 78% said they would be interested in using contactless [...]
Volksbank Slovensko has become the first bank to roll out PayPass technology in Slovakia and Jan Carny, MasterCard Europe director for the Czech Republic, expects the remaining banks in Slovakia to use the technology in due course. In the first phase, the contactless payment card is aimed at Volksbank clients between 18-26 years of age. [...]
Visa says significant milestones have been reached in the adoption of its contactless technology feature, payWave, demonstrating continued global momentum for the technology. Visa says payWave is expanding to new merchant segments and is being added to an increasing number of credit, debit and prepaid cards. Visa is currently migrating to an enhanced global specification, [...]
For some time now mass transit has been seen as the inflection point for the card associations to make in-roads into the contactless payment market. Both Visa and MasterCard have run a number of trials in the UK, USA and Europe where they leveraged NFC mobile phones with transit and payment applications to allow users [...]
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