Remove Bank Card Remove CHIPS Remove Global Payments
article thumbnail

Scrapping the £100 Contactless Limit: What It Means for Consumers, Merchants and Security

The Fintech Times

Contactless payments are now the norm Jana Mackintosh, managing director of payments and innovation at UK Finance Jana Mackintosh, managing director of payments and innovation at UK Finance, sees the FCAs consultation as a positive step but believes that setting contactless limits should be left to the industry rather than imposed by regulators.

article thumbnail

What is NFC Mobile Payment and How to Use It?

Payment Savvy

With NFC, you don’t need to insert a card and input a PIN. By only tapping your debit/credit card onto the card terminal, you can accept payments quickly and conveniently. NFC chips which make wireless communication possible, are used in contactless cards, mobile devices, checkout terminals, and other payment devices.

article thumbnail

UnionPay’s Market Share Dominance

PYMNTS

The number of payment cards in circulation around the world increased by 8 percent to 13 billion in 2015, with the Middle East, Africa and Asia-Pacific seeing the fastest growth. Moreover, the Chinese market is opening up to foreign players following the end of UnionPay’s monopoly on domestic bank card clearing in June 2015.”.