Near-Field Communication (NFC)

After more than two years, payments providers are still reeling from the chip shortage. Indeed, lead times for chips used in POS terminals and credit cards can be as long nine months, compared to six months a year ago, says Stewart Watterson, a strategic analyst for Aite-Novarica. Pre-pandemic, lead times …

Transact Campus Inc., a specialist in mobile identity and payments for colleges, announced students have conducted more than 100 million contactless mobile-wallet transactions since the company’s start less than three years ago.TenureX, a platform founded in 2020 to enable correspondent-banking relationships, has added an extension to its Digital Transaction Certificate …

Adyen NV announced late Wednesday an expansion of its agreement to process mobile-app transactions for McDonald’s Corp. to include the United States. Adyen has processed payments from mobile apps for the global restaurant chain in the United Kingdom since 2020. As part the deal, Adyen will enable consumers enrolled in …

Mastercard Inc. released what it says is its first music album, featuring 10 songs that include the melody of the card network’s advertising. The album was launched at the Cannes Lions Festival of Creativity.Processor Jack Henry & Associates said more than 250 financial institutions are now using its platform, JHS PayCenter, to …

When Apple Inc. on Monday announced Apple Pay Later, its buy now, pay later program, the computing giant added an unexpected twist. The new program will not rely for financing on Goldman Sachs, Apple’s long-time partner for Apple Pay. Rather, Apple is setting up its own unit, to be called …

MagicCube Inc. has chiefly aimed its tap-to-pay technology at small sellers to allow them to take card payments directly on an off-the-shelf mobile device. But on Monday the Santa Clara, Calif.-based company announced a version of its i-Accept platform for enterprise and big-box merchants.  To make i-Accept more attractive to …

Apple Inc.’s sneak peek at its iOS16 operating system on Monday included the news that the new version will include Apple’s widely expected entry in the hot buy now, pay later market. Available in the U.S. market, Apple Pay Later will be accepted at all places that take Apple Pay …

Few payments sectors were harder hit by the pandemic than ATM networks around the world, and now numbers released over the weekend indicate that the global ATM installed base continued to decline last year, albeit at a slower rate than in 2020.  The U.S. market, indeed, saw its ATM count …

Payments players have suspected for the past two years that digital payments were becoming increasingly routine, but now research is indicating they may have become “second nature.” That’s the term Marqeta Inc., the card-issuing platform, used Thursday in announcing the results included in its latest research paper, entitled “2022 State …

Payments-technology provider Paddle announced it has acquired ProfitWell, a vendor of software for subscription metrics and retention automation. The deal is valued at more than $200 million in cash and equity.Apple Inc.’s tap-to-pay on iPhone is rolling out to its retail stores today, according to a Twitter post from Bloomberg reporter Mark Gurman. The …