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NMI Partners With INIT to Revolutionize the San Diego Transit System With ‘Tap-On/Tap-Off’ Contactless Payments

Fintech Finance

With 94% of riders expecting public transit to offer contactless payment, 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.

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Tribe Payments Exposes Costly Gaps in Legacy POS Tech – 1 in 4 Merchants Miss Out on Alternative

Fintech Finance

A new study from Tribe Payments , the pioneering digital payments and infrastructure orchestrator which specialises in issuer and acquirer processing, has revealed that 28% of merchants’ legacy in-person point of sale (POS) systems cannot support alternative payment methods like digital wallets and QR codes.

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The Anatomy of a Credit Card Transaction

Clearly Payments

credit card payments surpassed $10.6 Contactless payments continue their rapid adoption, projected to account for more than 60% of in-store purchases. PCI DSS Compliance : Merchants and payment providers must adhere to Payment Card Industry Data Security Standards (PCI DSS) to protect cardholder data.

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Is APAC Ready for a Cashless Future?

Fintech News

The key lies in comprehending the multifaceted nature of payment channels in the digital age. Each channel presents unique opportunities and challenges, from mobile wallets facilitating contactless payments to card-on-file capabilities streamlining online transactions.

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Tribe Payments Urges Firms to Embrace SoftPOS as 30% Identify Outdated Paytech as Biggest Challenge

The Fintech Times

Enabling ‘hyper-personalised experiences’ Inefficiencies such as costly upgrades to the latest security and industry standards like PCI DSS, and being unable to integrate with other merchant systems like stock inventory and customer relationship management (CRM) platforms, are also threatening to eat into already-thin profit margins.

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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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The Top Payment Methods For Small Businesses

Stax

billion lost to fraud in 2024 alone Mobile and contactless payments Mobile and contactless payments are powered by NFC (Near-field communication) technology. They let buyers initiate payments by placing their mobile phone near a compatible payment terminal.