Near-Field Communication (NFC)

The increasing digitalization of global economies, along with the unprecedented growth in online commerce, means that consumers and businesses are demanding more from payments. A recent report from the Federal Reserve Bank of Boston notes that “consumers not only have higher expectations when it comes to online security, but they …

Apple Inc. said Apple Cash users can now send Instant Transfer payments to Mastercard Inc. debit cards, reported 9to5mac.com. The service had been compatible only with Visa Inc. debit cards prior to Thursday’s announcement. Apple also said it is charging a 1.5% fee for Instant Transfer transactions, up from 1%. Instant Transfer …

Top executives at Shift4 Payments Inc. said early Thursday the company will launch general availability of a new restaurant platform in the first quarter of next year. The Android-based technology will include a Quick Response-code payments option as well as capabilities for analytics, marketing, payroll, and other features, according to …

Fiserv Inc. will field more than 200 Clover point-of-sale devices and handheld Clover Flex devices in Stamford Bridge, the home stadium of England’s Chelsea Football Club, as the processor continues to champion contactless payments. Announced Wednesday, the debut of the Clover devices in the stadium means attendees will be able …

Alphabet Inc.’s Google unit is betting its partnership with Marqeta Inc.to issue a tokenized virtual Google Pay card will entice consumers to use Google Pay more often for day-to-day purchases online and in-store.  The new card, announced this week, allows users to make purchases with their Google Pay balance using a …

As they have for rival Visa Inc., transaction volumes are continuing to improve for Mastercard Inc. as world commerce stages its recovery from the impact of the pandemic. “The strong momentum we started the year with accelerated this quarter,” chief executive Michael Miebach said Thursday morning during a session with …

The Zelle peer-to-peer payment network processed $120 billion on 436 million transactions in the second quarter, up 58% and 68%, respectively, year-over-year, according to network operator Early Warning Services LLC.Card-present transactions at small businesses are up 83% over the pre-Covid baseline of March 2020, according to the latest CardFlight Small Business Report. The …

Shift4 Payments Inc. continued its expansion into sports and entertainment venues Tuesday, announcing that it will provide payment processing for Chicago’s United Center, home to the National Basketball Association’s Chicago Bulls and the Chicago Blackhawks of the National Hockey League. The payments offering relies on Shift4’s VenueNext technology.  Shift4 said …

Nearly 18 months into the Covid-19 pandemic, consumer usage of contactless payments continues to grow, according to the most recent CardFlight Small Business Report. During the week ending July 18, contactless transactions increased 597.7% from the March 2020 baseline period. Contactless usage has been steadily increasing on a weekly basis …

Ever since the Covid pandemic set in more than a year ago, the payments industry has been abuzz with talk about its various impacts on merchant acceptance. What hasn’t received as much attention is how the pandemic has affected merchant acquiring. It turns out processors and independent sales organizations have …