Near-Field Communication (NFC)

Prepaid card and banking services provider Green Dot Corp. reported $10.6 billion in gross dollar volume on its products for the fourth quarter, up 8% year-over-year. Green Dot also announced a multi-year extension of its contract with Apple Inc. for issuing the Apple Cash card.ATM network operator Cardtronics plc said Amazon.com customers can now add cash to …

While playing defense in a proxy war with the company’s largest shareholder, vending-machine payments provider USA Technologies Inc.’s top executives are looking for growth through software-based services, and expansion into adjacent markets and other countries, particularly Japan.  “Our go-to-market strategy is to advance our sales efforts as an integrated software …

Fiserv Inc. said its First Data unit is piloting PIN-on-mobile technology in Poland, with plans to expand the program to the rest of Europe, the Middle East, Africa, and the Asia-Pacific region. The technology, which allows merchants to accept PINs on off-the-shelf mobile devices, was developed in collaboration with Visa Inc., Samsung Electronics …

Bitcoin ATM deployer Bitcoin Depot said its network now includes more than 500 machines worldwide, with more than 100 in the Atlanta area. The company projects it will have more than 1,000 Bitcoin ATMS by the end of 2020.Lael Brainard, a Federal Reserve Board governor, said in a Wednesday speech that the Fed, …

A new rule took effect this week in Canada that is expected to enable more debit card transactions by opening up venues such as buses, trains, parking meters, and vending machines for acceptance.  The regulation, called Rule E5, comes from Payments Canada, the country’s clearing-and-settlement operator, and amends a prior …

Improved online payments, tokenization, and contactless transactions all gained ground in 2019’s last three months for Visa Inc. as the network’s payment volume grew 8% year-over-year. Visa reported total U.S. payment volume of $1.06 trillion in its first quarter of fiscal 2020 ended Dec. 31, a 7.8% increase from $980 …

The U.S. House of Representatives’ Task Force on Financial Technology held a hearing Thursday morning titled “Is Cash Still King? Reviewing the Rise of Mobile Payments.” Witnesses included representatives from PayPal, the U.S. Faster Payments Council, the Brookings Institute, Consumer Reports, and a New York City non-profit dedicated to financial …

The Apple Pay mobile-payments service is generating 15 billion transactions a year, and Apple Inc.’s new Apple Card helped lift sales of the company’s flagship product, the iPhone, Apple chief executive Tim Cook said Tuesday. “For Apple Pay, revenue and transactions more than doubled year-over-year, with a run rate exceeding …

PCI Pal, a payments provider for contact centers and other card-not-present businesses, launched PCI Pal Digital to secure transactions on digital channels such as Webchat, social media, email, and SMS.VPay, a digital claims-payment platform, reported a 30% rise in revenue from 2018 to 2019, fueled by a three-year, 180% customer …

New York City became the third U.S. city to ban cashless-only payments in restaurants and stores with the passage Thursday of a measure to prohibit merchants from refusing to accept cash. San Francisco and Philadelphia have similar bans, as does the state of New Jersey.  Originally proposed by New York …