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ABN AMRO, ING, KPN, Rabobank, T-Mobile and Vodafone signed a letter of intent to jointly introduce mobile payments at the checkout in the Netherlands. It is the first time that major banks and mobile operators in a European country have joined forces with regard to mobile payments. The six companies plan to set up a [...]

The post NFC JV in the Netherlands appeared first on Payments Cards & Mobile.

Visa Inc has announced that commuters in New York and Los Angeles can use Visa for bus, subway and train fares. In New York, Visa is allowing riders to pay using Visa payWave-enabled cards and mobile phones, while commuters in Los Angeles can use a special Visa prepaid card to ride the LA metro system. [...]

The post Visa opens doors for mass transit riders in New York and Los Angeles appeared first on Payments Cards & Mobile.

Visa is pushing contactless payment chips for mobile phones as a stop-gap measure to ramp up consumer adoption of the payment method in anticipation of the eventual embedding of NFC chips directly into phones. Visa’s Bill Gajda says the chips offer much of the same advantages of NFC cards, with the added benefit of greater [...]

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HID Global has announced its veriCLASS payment and ticketing embedded reader platform. It claims the scalable solution gives developers everything they need to speed time to market for products that support closed and open loop payment schemes, plus all the major contactless technologies and protocols. The platform includes integration tools, support, global product approvals and [...]

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USA Technologies says that for August 2010 the company hit small-ticket, wireless transactions of $8.3 million. This puts the Company on an annualized run rate of approximately $100 million, an increase of 72% versus August 2009, through its ePort cashless payment systems for vending machines, kiosks and other unattended point-of-sale terminals. Total transactions processed in [...]

The post USA Technologies hits $100 Million in cashless transactions appeared first on Payments Cards & Mobile.