Digital Transactions Authoritative, insightful and timely information for payments professionals
HSBC Bank USA N.A. has become the third U.S. bank to add contactless payment technology to its debit cards. The bank said today it has begun issuing MasterCard-branded debit cards equipped with MasterCard's PayPass system, and plans to issue 1 million of the cards by the end of the year. …
Read More »Chase Brings ‘Blink’ to Loyalty Cards with Contactless United Card
JPMorgan Chase & Co. has installed contactless payment technology in the cobranded Visa credit card it issues with United Airlines Inc. The new card, said to be the first airline loyalty card to feature the technology, is part of an ongoing launch the bank has conducted since May of cards …
Read More »Citi Plans to Roll out 2.5 Million PayPass Key Fobs for RFID Debit
Citigroup Inc. plans to roll out 2.5 million key fobs for contactless debit card payment following a launch of the technology this fall in the New York area, the banking giant announced today. The so-called tap-and-go transaction devices will fit on consumer's keychains, and will be based on MasterCard International's …
Read More »Accelitec Looks to Rising Interchange to Help Sell New RFID System
A Seattle-based startup that has been quietly testing a contactless payment system intended to be branded and controlled by merchants is now marketing the system as a way for retailers to control rising card-acceptance costs. Accelitec Inc. says its PayPilot system, which includes token dispensers, tokens equipped with chip-and-transmitter inlays, …
Read More »MasterCard Stats Show Continued Double-Digit Rise for Signature Debit
Signature-based debit continued to grow at double-digit rates in the second quarter, as indicated by statistics released today by MasterCard International. Total MasterCard signature, or off-line, debit volume hit $48 billion in the U.S., up 32.3% over the same period last year. The point-of-sale component of this activity was $29.1 …
Read More »Colorado Becomes Latest Market in Chase’s Contactless Rollout
Continuing its national rollout of contactless card technology, J.P. Morgan Chase & Co.'s Chase Bank U.S.A. unit said it will begin issuing the chip-equipped cards early this month in Colorado. The announcement follows by 15 days the bank's introduction of its contactless card, which it calls “blink,” in Atlanta, the …
Read More »AmEx Begins National ExpressPay Rollout, Signs 7-Eleven for Acceptance
American Express Co. today said it has commenced a nationwide rollout of its ExpressPay contactless card program and announced that 7-Eleven Inc. would accept the AmEx technology, which is being embedded in the New York-based T&E giant's Blue card. The Dallas-based convenience-store chain joins pharmacy chain CVS Corp. as national …
Read More »Chase Says Its New Blink Card Will March Through Atlanta First
Atlanta is where J.P. Morgan Chase & Co. will begin its rollout of contactless cards, starting June 1, the bank announced today. Chase, which said last week it would begin issuing the chip-equipped cards this summer in a region-by-region rollout (Digital Transactions News, May 19), says almost 1 million of …
Read More »C-Stores Adopting RFID Have Priorities Besides Interchange Costs
Contactless payment technology picked up momentum with yesterday's news that 7-Eleven Inc. is adopting the technology chainwide and that Sheetz Inc. has completed installations at all 309 of its stores. And, contrary to some observers' argument that contactless payment will be held back by the absence of special breaks on …
Read More »Chase’s Big Bet on Contactless May Hinge on Merchant Adoption
Technology that allows consumers to pay at the point of sale by waving or tapping a card or other token took a major step forward today with J.P. Morgan Chase & Co.’s announcement that it will issue millions of cards equipped with the technology starting this summer. Following on the …
Read More »