BofA, FitPay hope to expand IoT payments with new pact

Bank of America and FitPay, a wholly-owned subsidiary of NXT-ID Inc., are extending contactless payment capabilities to a range of new devices, giving Bank of America customers more payment options. The collaborative effort, according to a press release, enables Bank...

Get listed in the 2017 Mobile Wallet Comparison Guide

Mobile Payments Today is continuing to prepare the 2017 edition of the Mobile Wallet Comparison Guide. If your company provides a mobile wallet, you're eligible for a free listing in this guide. Please note the guide is meant for mobile wallets that consumers can use in multiple locations and not limited to a single retailer.

Study: Mobile payments reach tipping point in some countries

Mobile wallet adoption is on the rise globally, and the U.S. and Europe are catching up with fast-growing economies in Asia and Latin America where mobile wallets have already become the dominant payment platform, according to new benchmark data from ACI Worldwide and Aite. The research shows that 17 percent of U.S.

Study: Proximity mobile payments to reach $49.2B in 2017

The value of U.S. proximity mobile payment transactions will total $49.29 billion in 2017, up 78.1 percent from last year, according to a study from eMarketer. Though the growth rate will remain in double digits through the forecast period, it will slow down to 23.9 percent in 2021.

Barclaycard reflects on 10 years of contactless payments in the UK

Barclaycard marked the 10-year anniversary of launching contactless payments in the U.K. last week with figures that show how the technology has benefited consumers and merchants. Over the past decade, more than 60 billion pounds ($78.1 billion) has been spent...

MasterCard helps to turn smartphones into POS terminals in Poland

MasterCard has unveiled a pilot project in Poland that enables merchants to use only an NFC-enabled smartphone to accept contactless payments, according to a press release. MasterCard is working with Elavon, Polskie ePłatności and Mobeewave on the project. Mobeewave earlier...

Another smartwatch, another 'Pay' as Garmin Pay debuts

A day after FitBit introduced a new smartwatch capable of making contactless payments, Garmin has introduced its own device with the same capability. The vivoactive 3 is a smartwatch featuring Garmin Pay, which supports Visa and MasterCard payment cards, according...

FitBit Pay arrives as 3 card networks provide support

American Express, MasterCard and Visa announced separate deals to bring contactless payments to Fitbit's new smartwatch that will feature an NFC chip. Fitbit started accepting pre-orders for the $300 Ionic on Monday. Over the past few years, each of the...

Alipay acceptance comes to Starbucks in Malaysia

Alipay is now available as a payment method for mainland Chinese tourists at all 242 Starbucks branches across Malaysia, according to a press release. Chinese tourists can find the nearest Starbucks location in Malaysia through the in-app Discovery platform, and...

Square opens showcase in Manhattan

Square has opened a showroom in Manhattan to enable perspective customers to test the company's products before purchase. "As we've grown from our original reader and POS software to an ecosystem of tools that help you run your business, we...

Barclaycard puts modern twist on classic treat with 'contactless' ice cream cones

Barclaycard has put a unique, modern twist on a classic summertime treat in the U.K.

Juniper forecasts rapid rise in uptake of contactless payments

A new study from Juniper Research has found more than half (53 percent) of global transactions at the point of sale will be contactless within five years, compared with 15 percent this year. POS & mPOS Terminals: Vendor Strategies, Positioning...

Europe's SIX Payment Service touts trend toward cashless events

SIX Payment Services, one of Europe's largest card transaction processors, is assisting events organizers across Austria, Belgium and the Netherlands to go cashless this year. The trend toward cashless events is growing, and includes sporting competitions, music festivals, food and...

Youtap launches QR codes

Youtap, a global provider of contactless mobile payments and financial services software, has launched a white-label QR code product and smartphone apps for mobile money services in Africa and Asia, according to a press release. Youtap product enables customer-initiated or...

MagTek goes big on features with new Dynasty mPOS device

MagTek, a supplier of secure digital transaction technology and hardware, has launched Dynasty, the company's newest addition to its roster of mPOS offerings. Dynasty supports magnetic Stripe, chip card and contactless payments via a certified PIN entry device with a...

Mitek adds NFC capability to mobile verification product

Mitek, a provider of mobile capture and identity verification software product, has announced the addition of NFC capability to its Mobile Verify product, according to a press release. By adding NFC, Mobile Verify can now read the biometric data embedded...

Spanish winemaker mixes NFC with marketing campaign

Thin Film Electronics ASA, which specializes in NFC mobile marketing and smart products, has announced that Spanish winemaker Barbadillo has launched a consumer-focused marketing campaign using SpeedTap tags and brand analytics platform, according to a press release. The national campaign...

EMVCo releases QR code payment specs

EMVCo, the global technical body that manages EMV specifications, has released QR code payment specifications that support use cases for both merchant- and consumer-presented QR codes. The technical documents define QR code payments in a manner that simplifies the development...

BBVA intros Android Pay in Spain

BBVA and Google have announced the launch of Android Pay in Spain, according to a press release. Android Pay will be operational in the more than 1 million businesses in Spain with contactless technology, according to the announcement.

Crane Co. acquires payment solutions maker Microtronic AG for $18 million

Crane Co., parent company of Crane Payment Innovations and Crane Connectivity Solutions, has acquired Microtronic AG, a manufacturer of closed-site and mobile payment solutions, for approximately $18 million, according to a press release. With operations in Oensingen, Switzerland, Microtronic develops...

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Podcast Episode 10: The cashless society: A debate for the future