The Secure Remote Payment Council (SRPC) may have a solution to the problems arising from the EMV chip card standard, debit card transaction routing and the mandates from the Durbin Amendment, reports Digital Transactions. The SRPC, a trade group representing EFT networks, has proposed to create a common application to give merchants choice in routing […]
21 Dec, 2012Trade group proposes solution to EMV-Debit-Durbin problem
21 Dec, 2012When will NFC payments realize its full potential?
NFC is a technology that often captures the attention and ambitions of the technology sector, but puzzlingly enough one of the most promising applications for NFC — payments — is yet to come to fruition. As reported by the Third Screen, this past week’s MIT Forum saw a bittersweet application of NFC technology. Dubbed the […]
21 Dec, 2012Smartrac shows off WebLite tag for retail EPC programs
Smartrac has announced the introduction of its new ultra-high frequency (UHF) EPC compliant WebLite with Impinj Monza 5 IC, a well suited solution for item-level retail, logistics, and supply chain applications. With an antenna size of only 46 x 15 mm (1.8″ x 0.6″) and a 128-bit EPC, 48-bit serialized TID, the Smartrac WebLite enables […]
21 Dec, 2012McDonald’s rolls out contactless payments in Ireland restaurants
McDonald’s Ireland is working alongside Visa Europe for the anticipated roll out of contactless payments in its 83 hamburger fast food restaurants dispersed across the country, according to Business and Leadership. Customers with contactless-enabled Visa credit and debit cards will be able to pay for transactions of €15 or less in all McDonald’s Ireland restaurants […]
21 Dec, 2012MasterCard expands PayPass contactless payments in Europe
MasterCard Europe announced the 2012 milestones for MasterCard PayPass showing that consumers are embracing the Tap&Go payment experience in 26 counties across Europe – including eight new countries in 2012. Since January 2012 growth in cards enabled with PayPass is up more than 50% and top PayPass countries, such as Poland, have more than 50% […]
20 Dec, 2012Arnotts rolls out contactless payments in Dublin
Arnotts, one of the oldest and largest department stores in Dublin, has become the latest to offer contactless payments in its retail stores, according to Silicon Republic. The contactless system was deployed in partnership with AIB Merchant Services and Visa Europe, enabling shoppers to simply touch their contactless cards against a terminal on the counter […]
20 Dec, 2012Report: Indian biometrics market to see double-digit growth through 2015
Research and Markets is offering a new report by TechNavio entitled “Biometrics Market in India 2011-2015.” In it, TechNavio’s analysis shows that this market is expected to see a compound annual growth rate of 46% during this timeframe. The market has a couple of key factors that are contributing to its growth, namely an increase […]