Payment terminal provider VeriFone Systems is riding out the European debt crisis with positive numbers for the fourth quarter, all while rapidly rolling out payment terminal installations in Latin America, reports American Banker. Verifone’s $416 million in revenue for the fourth quarter marks a jump of 31.2% over last year’s earnings of $317 million. According […]

To commemorate the smart card industry’s achievements throughout 2011, the Smart Card Alliance has decided to release its first-ever E-Yearbook. The nearly 70-page e-book discusses the year’s leadership and advancement in the smart card industry and highlights industry achievements. These include: The acceleration of EMV payments in North America The implementation of open back card […]

Javelin Strategy & Research has released a report detailing the latest trends that are expected to transform the banking, payments, mobile and security sector for 2012. Javelin’s “The Top Ten Trends for 2012” discusses the factors guiding these changes which are tools including mobile and social media, events such as social protest, and even actions […]

EMVCo, the EMV standards body owned by American Express, JCB, MasterCard and Visa, has published a new white paper on its work to securely standardize the deployment of contactless mobile payments. Free to download from EMVCo’s Web site, the document is intended for all stakeholders working to deliver contactless mobile payments – particularly those that […]

FIME is joining forces with Thales IT Security Evaluation Facility (ITSEF), a provider of information systems and secure communication in defense, security and transportation markets, to provide a new testing and certification service. According to FIME, the integrated service will combine Thales’ NFC and mobile payment product security evaluation expertise with FIME’s functional assessment experience. […]

Visa Europe has announced that six of Germany’s leading banks are launching Visa payWave contactless services in 2012. BW Bank, comdirect, DKB, Landesbank Berlin, TARGOBANK and Volkswagen Bank have all confirmed their plans to roll out payWave technology by the middle of next year. Contactless payments are based on EMV technology, where a card terminal […]

Metro Inc. is partnering with Visa to bring payWave contactless payments to its chain of 600 grocery stores across Ontario and Quebec. Beginning early next year, shoppers at Metro, Metro Plus, Super C and Food Basics will be able to pay for items with a tap of a contactless Visa credit or debit card against […]

I Love Velvet has unveiled its new “Universal Holster” add-on device for accepting payments on Apple iPods, iPads and iPhones. The Apple-certified U-Holster can accept payments from contactless devices such as payment cards and NFC-enabled phones, as well as scan bar codes on coupons, loyalty cards, U.S. driver’s licenses, ID cards and smart phones in […]

This has been quite the year for near field communication. The hype around the technology has skyrocketed and enabled handsets are actually being sold in the U.S. In a handful of locations, these handsets can be used for purchases and other transactions. NFC is not a brand new technology. Millions of handsets are deployed in […]

Global Payments has announced the launch of Ingenico’s iCT250 contactless point of sale terminal in Canada. According to Global Payments, the deployment makes them the first merchant acquirer to offer the contactless payments terminal in North America. Based on Ingenico’s Telium2 platform, The iCT250 accepts payments from contactless credit and debit cards, EMV cards and […]