PayPal Holdings Inc. is adding tap to pay on mobile phones to its U.S. Venmo users with business profiles. The Tap to Pay on Android technology enables merchants that accept Venmo payments to do so using conventional Android smart phones without having to attach a special payment dongle. The service …

A significantly longer range for contactless transactions could be a reality in the market within the next two to five years, according to news released this week by the NFC Forum, the standards body for near-field communication technology. The current standard for contactless payments is five millimeters, or about one-fifth …

A handful of U.S. retail outlets owned by luxury-goods retailer LVMH Group will offer Tap to Pay on iPhone later this year, the Paris-based company announced Wednesday. Tap to Pay on iPhone enables merchants to accept contactless payments using a payment-acceptance app and an off-the-shelf iPhone. The service, announced in …

It’s May, and that means it’s time for our annual exercise to seek out and describe the payments players, apart from the big networks, that are rewriting the rules for the digital exchange of value. Since 2004, Digital Transactions has traced the course of payments innovation through its nimblest practitioners—the …

The momentum behind tap to pay technology on smart phones shows no signs of slowing down. MagicCube Inc., which has traditionally focused on providing contactless payment technology to small merchants through off-the-shelf mobile devices, has expanded its reach to small and mid-sized merchants through a partnership with ACI Worldwide Inc. …

Payroc LLC has partnered with wireless-network platform provider Bleu to launch tap-to-phone payments for Android and iOS devices in the United States. Merchants will be able to accept payments using a smart phone or tablet device. The rollout of tap-to-phone technology is expected to help merchants meet consumers’ evolving expectations …

Felix announced its Terminal Tap to Pay technology has been integrated with the Android-based M50 Mobile Computer from Elo, enabling contactless payments on the Elo device. The move follows Stripe Inc.’s move last week to launch Tap to Pay for Android technology in six countries, including the United States. Payments provider ACI Worldwide Inc. reported …

Thryv Holdings Inc., a fintech credit card issuer and provider of small-business management software, has rolled out a suite of new apps for its platform, including tap-to-pay. The new features will enable small businesses to speed payments, streamline document management, and improve communications, Thryv says. Users of Thryv’s platform can now …

The Covid-19 pandemic was a strong tailwind for the adoption of contactless payments. Two years later, the momentum is still there but challenges remain. Whether it’s the convenience of not dipping a card into a POS terminal or speedier transactions at the point-of-sale, consumers and merchants continue to embrace contactless …

After more than two years, payments providers are still reeling from the chip shortage. Indeed, lead times for chips used in POS terminals and credit cards can be as long nine months, compared to six months a year ago, says Stewart Watterson, a strategic analyst for Aite-Novarica. Pre-pandemic, lead times …