Visa announced that during the London 2012 Olympic and Paralympic Games, it will showcase the latest payments innovations designed to transform the way people pay and manage their money. The company will showcase payments via mobile phone and chip-enabled payment cards, which enable faster, more convenient and secure transactions at thousands of retail locations throughout […]

Bank of America has announced that it will be releasing consumer credit cards containing chip technology. The chip technology, also known as Europay, MasterCard, and Visa (EMV), has already gained popularity abroad, and uses an embedded microchip and PIN to validate the card, consumer and payment transaction in lieu of a signature. The Bank of […]

Consumers would choose mobile wallets provided by banks over other non-traditional mobile wallet providers, according to Auriemma Consulting Group’s (ACG) lastest Mobile Payments Report. ACG’s report found that 18.4% of consumers would choose a mobile wallets provided by a bank (American Express, Barclays, Lloyds TSB, etc.), while 11.6% of consumers would prefer mobile wallets from […]

TRAVIK, aka Sixpack, the would-be joint venture between Dutch telecos KPN and Vodafone Netherlands, and banks ING, Rabobank and ABN Amro, has announced that it will officially disband. According to Bell ID, the joint venture called it off due to the growing availability of trusted service manager (TSM) products and services, which has rendered its […]

Tursib, the local public transport operator in Sibiu, Romania, has partnered together with BRD and MasterCard to implement a payment solution leveraging PayPass contactless technology. The contactless system offers passengers the ability to pay for the current trip directly on the means of public transportation using MasterCard and Maestro PayPass cards. Payment for the trip […]

Austria’s VKB-Bank has selected Gemalto’s Ezio Edge Optic authentication product for its eBanking offering. The system is an optical smart card reader that can read a smart debit card directly through a computer screen, tablet or mobile device without any specialized software. It can then authorize eBanking transactions while maintaining compliance with Austrian banking standards. […]

In partnership with contactless technology provider TazTag, natural security announced the release of its biometric authentication devices. The products are devices that store the user’s biometric data, a biometric reader and contactless payment fob. Natural security’s biometric technology will feature both commercial and personal versions and will support in-person as well as online payment transactions. […]

Mobile payments have more than doubled in popularity over the past year to reach over 33% of U.S. residents, according to IDC Financial Insights’ eighth annual Consumer Payments Survey. Of those survey respondents that had made a mobile payment, more than half used PayPal Mobile (56%), followed by Amazon Payments and Apple’s iTunes at about […]

C-SAM has licensed its Mobile Transaction Platform (MTP) to Dai Nippon Printing (DNP) as part of the two companies’ collaboration on a mobile wallet solution that will be fully integrated with DNP’s Trusted Service Management solution, smart card offerings and NFC technologies and digital services. According to C-SAM, this partnership will result in a mobile […]

Annual volumes of smart payment and banking cards shipped are forecast to increase from 1.1 billion in 2011 to 3.5 billion in 2017. This is one of the conclusions from IMS Research’s report The World Market for Payment and Banking Cards – 2012 Edition. “In terms of volumes, the payment and banking card market is […]