Near-Field Communication (NFC)

In a mashup of the Internet of things and cryptocurrency, authentication and data-security firm WiseKey International Holding Ltd. announced Thursday that it has developed a payment service for IoT-connected devices and its own WiseCoin. Geneva, Switzerland-based WiseKey said it has tested the system, dubbed IoT CryptoCurrency Smart Payment, on a …

Canadians are now quite comfortable with contactless payments, but they view other new payment forms cautiously, according to new findings from Visa Inc.’s Canadian unit. Some 52% of 1,000 adults polled in February for Toronto-based Visa Canada said they are regular users of contactless cards. Also, 80% of respondents said …

With the EMV conversion mostly behind it, the United States is ripe for another big change at the point of sale—adoption of tap-and-go payments, says Visa Inc. With 96% of its payment volume now chip-based, “the next thing we’re focusing on is contactless,” Stephanie Ericksen, the card network’s vice president …

A strong majority of consumers—60%—would use an intelligent personal assistant or voice-activated speaker to make a purchase or payment, finds the latest iteration of the TSYS U.S. Consumer Payment Study. The response is notable in because it was less than a year ago that another survey found only 19% of …

Remember micropayments? Most payments providers gave up on this class of electronic payments several years ago when it became apparent that technology couldn’t crack the problem of high-cost transactions applied to very low-value goods. But now at least one player is attacking the market with cryptocurrency. On Track Innovations Ltd., …

With about 18 months of experience with contactless debit cards under its belt, TCF Financial Corp. says it’s all-in for so-called dual-interface cards and mobile payments as the number of U.S. merchant locations accepting contactless payments continues to grow. The Wayzata, Minn.-based company’s TCF Bank began supporting the major mobile …

With the introduction of transactional capability on smart watches and fitness trackers like the Apple Watch and Fitbit, the payments industry has eyed wearable devices as a field laden with potential for growth. Just how much growth came into focus this week with new figures and projections from International Data …

When Alphabet Inc. last month rebranded its mobile-payment service as Google Pay, it said further changes and features were coming. On Monday, it began to deliver on that prediction with dual announcements that herald an expansion of the service’s availability online and bring it to the potentially enormous market for …

If the payments industry needed further evidence that the EMV frenzy unleashed in the United States in 2015 is cooling off, it can find it in the fourth-quarter 2017 and full-year results posted Monday by CPI Card Group, one of the country’s chief manufacturers of chip cards. U.S. sales of …

More than two years after the U.S. migration to EMV chip cards accelerated, evidence of the success of the effort continues to emerge. Merchant acquirer Square Inc. says nearly 92% of the transactions it processed as of December were made with EMV-enabled credit and debit cards. While the advent of …