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

The Fintech Times

The consultation is part of wider efforts to encourage innovation in payments and support economic growth. There are now 149 million contactless cards in circulation, covering 93 per cent of debit cards and 94 per cent of credit cards.

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How are Interchange Fees Calculated?

Stax

Credit and debit cards have become the preferred payment methods for many, and it isn’t hard to see why. This small rectangular piece of plastic enables customers to ditch bulky wads of cash, making payments easier and safer. Debit card interchange fees are lower than that of credit cards.

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Digital Payments: 12 Digital Payment Options to Consider Accepting in Your Business

Stax

The adoption of digital payment systems in the US has grown, with 78% of consumers using at least one type by the end of 2020. There are a wide variety of digital payment types, such as mobile POS systems, contactless payments, and digital wallets. What makes contactless payments unique?

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Mastercard Enables Contactless Payments At TriMet

PYMNTS

Mastercard announced Tuesday (May 21) that using Mastercard token services, commuters can add a card purchased through the Hop Fastpass App to Apple Wallet and tap their iPhone or Apple Watch to get on board public transportation.

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What Is Debit Card Processing & How Does It Work?

Payment Savvy

Debit cards have become an indispensable part of our financial lives, with the majority of American adults, spanning all demographics, now possessing at least one debit card. Consumer Payment Choice, an impressive 85% of adults in the United States use them as a payment method. What Is Debit Card Processing?

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Transport for London Licenses Contactless Payment Technology

PYMNTS

When it comes to accepting payments for transportation, London has got something over a lot of other cities around the world: ease of use. Riders of its underground Tube are accustomed to swiping a bank card, mobile phone and smartwatch to get in and out of the terminals and to board buses. and international companies.

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Samsung To Roll Out Pay Card With Mastercard, Curve

PYMNTS

plans to offer a Samsung Pay Card that will give customers “a simple and flexible way to control their money,” the company said in a Wednesday (June 24) press release. The company’s card offers rewards, such as 1 percent cash back at companies such as of Amazon, Uber, Netflix and Sainsbury’s. Samsung Electronics Co.

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