Near-Field Communication (NFC)

The Apple Pay mobile-payments service got only a few brief mentions in a nearly two-hour presentation Tuesday afternoon in which Apple Inc. executives introduced the latest versions of their 10-year-old iPhone and other new products. But what they did say could change payment security because the new iPhone X will …

Enthusiasts may lament the slow rate of adoption for mobile payments generally in the United States, but some researchers are forecasting robust growth for contactless payments via mobile wallets at the point of sale. In a recent report, New York City-based research firm eMarketer said so-called proximity mobile payments will exceed $1,000 …

There wasn’t a Regular Joe in the room, but that didn’t stop a panel of payments professionals Tuesday from probing the consumer psyche to discern why mobile wallets aren’t more popular. As a percentage of point-of-sale transactions, most experts agree that the major general-purpose mobile wallets—Apple Pay, Android Pay, and …

Consumers have a new option when choosing a fitness device that’s capable of making a contactless payment. Fitbit Inc., a San Francisco-based maker of fitness trackers, announced its Ionic smart watch Monday that includes Fitbit Pay, the company’s first foray into contactless payments. Fitbit Pay, which will be available when …

USA Technologies Inc., a provider of payment services for vending machines and other unattended merchant locations, said Tuesday the number of connections in its ePort network grew 32% year-over-year to 568,000 as of June 30, and transaction volume nearly as much. The Malvern, Pa.-based firm also reported net income of …

It’s what some may consider a bold forecast for contactless payments in the United States, but Juniper Research is predicting that, by 2022, 34% of electronic payments will be contactless, up from less than 2% in 2017. United Kingdom-based Juniper released its forecast Monday in a report called “POS and …

There’s some good news for U.S. debit card issuers in the form of reduced fraud rates, according to the 2017 Debit Issuer Study released Monday by Pulse, the electronic funds transfer network owned by Discover Financial Services. The fraud-loss rate for signature-debit transactions fell 30% from 2015’s 2.6 cents per …

The estimated number of U.S. ATMs—including those deployed by financial institutions and independent operators, and branded machines—increased 10.5% to at least 475,000 and as many as 500,000, the ATM Industry Association said this week. The previous estimate, released in 2015, was 430,000, says David Tente, ATMIA’s executive director for the …

Evidence is emerging that efforts to convince more consumers to use contactless payments instead of cash for low-value transactions may be having an impact, at least in countries other than the United States for now. That’s the take from Cardtronics plc, the giant ATM operator that owned nearly 45,000 U.S. …

Apple Inc.’s Apple Pay service continues to roll out in foreign countries, so much so that 75% of its transaction volume is coming from abroad, according to Apple’s chief financial officer. Apple Pay, which uses near-field communication technology for contactless payments with the iPhone and Apple Watch wearable device, was …