This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
This is why 90% of shoppers still prefer contactlesspayments post-pandemic. Heres a look at the most popular types of contactlesspayment methods and how they can transform your checkout process. Talk to sales 7 Different Types of ContactlessPayments You dont have to jump on every type of contactlesspayment out there.
These sleek additions join the existing brushed black with more styles planned to join the range in future, giving customers even more ways to personalise their payment experience while enjoying the ultimate convenience of tap-and-go transactions.
Mastercard announced a strategic collaboration with PayTabs Group to facilitate digital paymentsolutions for small and medium enterprises in Egypt. Through this collaboration, PayTabs will leverage Mastercard’s global network and digital payments capabilities to provide merchants with a while-labelled digital payments platform.
Adoption of softPOS paymentsolutions by smaller businesses will drive a 113% increase in contactlesspayment transaction values by 2029, Juniper Research predicts. Contactlesspayment transaction values to double by 2029 was written by Sarah Clark and published by NFCW. trillion in 2024 to US$15.7
Besides providing a safe, sanitary no-touch payment option for consumers, there are other advantages to contactlesspayments, such as line-busting, says Todd Barstow, vice president of paymentsolutions for GK Software USA.
This trend underscores a significant shift in consumer behavior towards mobile-enabled, contactlesspayments. The launch of Google Pay is just one step in myTUs broader mission to provide advanced paymentsolutions for both individuals and businesses.
This initiative aims to accelerate the adoption of contactlesspayments in the Asia-Pacific region by providing eligible merchants with Android devices valued at over 3.25 This service allows merchants to accept contactlesspayments via their mobile devices, eliminating the need for traditional POS systems.
Bank and one of the largest payments processors globally, is partnering with Southeastern Pennsylvania Transportation Authority (SEPTA) to offer contactlesspayment acceptance from any enabled card or mobile device across transit services. Contactlesspayments have helped shape the way consumers pay.
With over 60% of transactions in South Africa now contactless, open-loop solutions allow drivers to charge their electric vehicles at any public charging station without needing an account or membership, creating a seamless payment experience.
The solution is also designed to support merchants by driving payment acceptance through advanced technologies such as QR Pay, Pay by Link and contactlesspayments.
Today, Helcim , a leading provider of paymentsolutions, now enables its U.S. customers to seamlessly and securely accept in-person contactlesspayments with Tap to Pay on iPhone. When a payment is processed, Apple doesn’t store card numbers or transaction information on the device or on Apple servers.
The Financial Conduct Authority (FCA) is reviewing whether the 100 contactless limit should be removed or increased, aiming to give consumers and businesses more flexibility while keeping fraud protections in place. The consultation is part of wider efforts to encourage innovation in payments and support economic growth.
The product allows business owners to accept payments directly with their Android phones, removing dependencies on physical card machines. Being able to accept contactlesspayments in the UK is highly important, with 85% of people in the country using contactlesspayments at least once a month (according to UK Finance).
This collaboration marks a significant milestone in the region’s financial landscape, introducing digital and contactlesspayments through Waafi by Salaam Bank’s digital first initiative. They can do more with their mobile money and get access to in-store payment, travel and international payment capabilities.
Visa , a world leader in digital payments, is introducing resources to help merchants in Vietnam, unveiling a SMB Online Toolkit, for small and medium-sized businesses to accept and take full advantage of Visa’s digital paymentsolutions. Globally, Visa’s tap to pay penetration reached 65%, doubling from 20192.
Geidea , a leading provider of digital paymentsolutions in the Middle East, is set to launch its innovative SoftPos service in Egypt, following a successful two-year rollout in Saudi Arabia and later in the UAE.
Tom Lenihan, Director of Marketing at MuchBetter, commented: We are incredibly excited to get our wearable payments technology into the hands of as many Canadian customers as possible. Our range of wearable paymentsolutions are set to disrupt the standard wearable item business model in Canada and create a new way for consumer to pay.
Building on the success of last year’s inaugural event, this year’s gathering emphasized the importance of cybersecurity and the growing adoption of contactlesspayments. The event featured a panel session on “ContactlessPayments – The New Paradigm.”
New payment rails are again in the spotlight, with commercial card and contactlesspayments emerging as the top focuses for innovators. This week's look at payment rail innovation is all about digitization and payments acceptance. merchants accept touch-free payments. merchants accept touch-free payments.
Merchants partner with acquirers or payment processors to enable transactions. They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile paymentsolutions to process payments. The Number of Payment Processors in the USA The U.S. Payment processors in the U.S.
This partnership underscores Shiji and FreedomPay’s commitment to improving staff and guest experiences in the hospitality businesses across Latin America, aligning with the industry’s shift towards smoother payments and payment management.
With 94% of riders expecting public transit to offer contactlesspayment, transport operators across the U.S. are upgrading to open-loop ticketing systems, where a payment card or mobile device is used in place of a ticket, to streamline the payment process and provide a more seamless passenger experience.
Starting today, PhotonPay , a digital financial infrastructure, will support Google Pay, enabling cardholders to take advantage of simple and secure contactlesspayments and digital card storage on both Android devices and WearOS.
Network for Electronic Transfers (NETS) , Singapore’s leading payment services group, has launched NETS SoftPOS, a terminal-less paymentsolution for swifter, seamless and more cost-efficient payment transactions.
“With our Tap to More set of contactless modalities, we can make digital commerce even faster, safer and simpler, from instantly provisioning a card into a mobile wallet to verifying a transaction to sending money to friends and family, all with just a tap.”
TCB Pay, a leader in innovative paymentsolutions, is proud to announce the launch of Apple Pay integration for merchants using OpenCart and WooCommerce platforms. By incorporating Apple Pay, TCB Pay merchants can cater to the growing demand for fast and contactlesspayment options , enhancing customer satisfaction and driving sales.
Payment systems have undergone significant transformations over the years. We explore the evolution of paymentsolutions, analysing adoption rates, security challenges, regulatory shifts, and innovative technologies. Traditional Payment Methods: Cash and Checks For centuries, cash reigned supreme as the primary payment method.
The new Premier Mastercard suite will offer advanced features including contactlesspayments and global acceptance, while also ensuring that all customers can access comprehensive financial services that align with their values and lifestyles. “We We are excited to embark on this transformative journey with Mastercard.
MuchBetter , the wearable paytech, offers a wide variety of digital payment services, including a digital wallet and payments gateway, as well as wearable paymentsolutions such as keyrings, watches, and jewellery. The ring requires no charging and works independently of a smartphone.
Today, Surfboard Payments , the provider of innovative cloud-based paymentsolutions, now enables its customers in Finland to seamlessly and securely accept in- person contactlesspayments with Tap to Pay on iPhone. Tap to Pay on iPhone also supports PIN entry, which includes accessibility options.
Sadad has announced its strategic collaboration with Mastercard to introduce a new digital payment gateway platform, powered by Mastercard Gateway. Through this partnership, Sadad will deploy state-of-the-art paymentsolutions to enhance the customer experience for its merchants in the market.
Zindigi has announced contactlesspaymentsolution, Zindigi Pay, a paymentsolution in Pakistan designed for all digital wallets and for both individuals and businesses.
Digital payments giant Visa is introducing new resources to help merchants in Vietnam, with a focus on small and medium-sized businesses (SMBs), accept and take full advantage of Visa’s digital paymentsolutions. In Vietnam, over 70 per cent of face-to-face transactions made on Visa cards are contactless.
Today, Surfboard Payments , the provider of innovative cloud-based paymentsolutions, now enables its customers in Sweden to seamlessly and securely accept in-person contactlesspayments with Tap to Pay on iPhone. At Surfboard Payments, our dedication to innovation is at the core of our paymentsolutions.
The bank is to roll out the world’s first biometric card made out of metal in order to offer “a secure and hassle-free payment experience for the cardholders” and follows its introduction of NFC wearable payments to Bangladesh in September. “We
One of the most impactful changes is the adoption of contactlesspaymentsolutions , which streamline transactions, enhance security, and improve the overall customer experience. The automotive industry is undergoing a significant transformation driven by customer demand for speed, convenience, and safety.
to offer Cloud Commerce – a cloud native software-based acceptance solution – to its customers. The app turns any eligible Android device into a secure contactlesspayment acceptance device with no additional hardware or setup required. NMI is the first in the U.S. With nearly half of all U.S.
Network for Electronic Transfers ( NETS ) has unveiled NETS SoftPOS , a new paymentsolution that allows merchants to accept contactlesspayments using their Android smart devices. This eliminates the need for traditional payment terminals, offering a more cost-effective and flexible payment option.
“Tokenization is at the heart of the next generation of secure, contactlesspayments. This launch is set to accelerate the adoption of digital payments and drive financial inclusion, furthering Africa’s move toward a more digitized and connected future.
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, contactlesspayments, and digital wallets. What makes contactlesspayments unique?
Singapore-based fintech company FOMO Pay has partnered with Mastercard to debut FOMO SoftPOS, a new Tap on Phone paymentsolution. This enables businesses to process contactless card payments directly on their smartphones via the FOMO Pay app, available on the Google Play Store.
As we look towards 2025, several key trends are shaping the future of digital payments, including contactlesspayments, cryptocurrency transactions, and mobile paymentsolutions. According to a study by Juniper Research, the value of contactlesspayments is expected to reach $10 trillion globally by 2027.
Fime is proud to announce that it is the first to offer testing services in line with the EMV®* C-8 Contactless Kernel Specification**. This new approach is set to significantly streamline the development, testing and launch of new contactlesspayment terminals for vendors, merchants and solution providers.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content