Chip and PIN cards remain consumers’ first choice over contactless
Online research from Equifax, shows that using a debit or credit card with a PIN number is still the preferred method of payment for 42% of people in the UK. Contactless methods followed at...
Mobile payments soar 300% as part of the contactless revolution
As the recently launched iPhone X makes mobile payments even easier with Face ID, MoneySuperMarket reveals that a quarter (23%) of Generation Z predicts physical cards will soon be obsolete as mobile payments reign supreme.
The new...
MasterCard on exploding contactless payments and tokenisations
Mobile Payments World interviews Chris Kangas on how MasterCard technology platform is being used to support the exploding contactless market and innovations like tokenisation of payment card credentials on the MasterCard platform for MasterCard Issuers...
HCE and EMV Tokens – causing an inflexion point in mobile payments proliferation
In the Netherlands, mobile payments using HCE are becoming ubiquitous. Other European countries, such as Belgium, France or Germany follow the same trend, with adoption rate reaching in some cases 40% yearly increase.
One of...
Success of contactless peaks as shoppers demand wearable payments
One quarter (26%) of British shoppers expect to start using contactless payments with a smartwatch, bracelet, keyring or other forms of wearable payments, according to new figures from Mastercard.
In the UK, contactless spend on...
The World’s most cashless countries – Infographic
A new study has found the countries among the 20 largest economies who are adapting quickest to using cashless systems like phones and contactless cards – revealing that Canada narrowly edges out Sweden for...
Research reveals banks’ attitudes to HCE
Global bank-led industry association, Mobey Forum, has published a white paper detailing the results of a survey that outlines the attitudes of its international membership toward the adoption of host card emulation (HCE).
The survey...
Contrasting HCE and SIM secure element approaches to NFC payments
Digital payments experts Consult Hyperion, in conjunction with the GSMA, have published a guide to help banks and mobile operators understand the Host Card Emulation (HCE) and SIM Secure Element approaches for NFC payments.
The...
Contactless payments are No.1 payment choice for UK market
The UK is a world leader in contactless payments. The widespread adoption of contactless in the UK was a gradual process but over the past few years contactless use has grown exponentially.
In just a...
Wells Fargo ATMs launch NFC-enabled mobile wallet capability
Wells Fargo & Company say that debit card customers can use the company’s ATMs without their card with NFC functionality that is launching at more than 5,000 ATMs across the US.
The feature is activated using...
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Payment industry history with first AES DUKPT key management implementation
Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10.
Co-designed by Verifone, AES DUKPT...
