MasterCard and First Data, two of the most established payment providers in the world, are claiming that the future of POS sales belongs to contactless credit cards, according to cardratings.com. During a panel discussion at the CTIA conference in Las Vegas, MasterCard and Pay First defended the future of the credit card in front of […]

SK C&C, a mobile commerce systems provider from Korea, has announced that it will open its new m-Commerce Center of Excellence headquarters in Atlanta. From its new headquarters, SK C&C says it will work closely with major mobile network operators, financial institutions, merchants and payment processors in the U.S. and around the world to deliver […]

VeriFone has selected Chase Paymentech as the preferred provider of new merchant accounts for buyers of VeriFone’s PAYware Mobile iPhone card payment solution. The solution, which attaches to an iPhone to accept payment via credit card, will be sold through Apple Retail Stores and the Apple Store online beginning April 6. VeriFone CEO Douglas G. […]

simplyBus has launched its contactless ticketing system in the Reading, Newbury and Thatcham, UK bus networks, according to The Reading Chronicle. Riders can purchase the new smart cards from the simplyBUS Travel Center in the Broad Street Mall, simplyBUS’s Head Office, Great Knollys Street Reading, or online. The cards cover single, daily, or weekly rides. […]

Bharat Book has released a new report forecasting NFC applications and markets for 2009-2014. The report, titled “Near Field Communications – the future of m-payments,” analyzes NFC technology at three stages: the development and standardization process that NFC has undergone since its inception in the market, the current NFC market status (where the technology stands […]

The International Student Identity Card (ISIC) issued to students in Taiwan has now become a multi-purpose card, according to a Taiwan news report. Previously used by traveling students to obtain cheaper flights, the card can now be used as a student ID, an Easy Card for public transportation and an I-cash card, for making small […]

Visa Inc. has named Jim McCarthy the new global head of product – the top executive position in charge of developing mobile, NFC and contactless payment, among other duties, according to mobile-financial.com. McCarthy, whom Visa promoted from head of North American bank sales, replaced Elizabeth Buse on April 1. Buse will go on to become […]

Cardis Enterprises International is introducing its small value contactless payment solution to the European market. According to Cardis, costly back-end shadow accounting and high-processing costs have kept low value contactless payment solutions from giving consumers an obvious advantage over using cash. Cardis addresses this issue by introducing an industry-first end-to-end transaction aggregation system, which enables […]

China Unipay has launched a mobile payment pilot in six provinces and municipalities including Shanghai, Shandong, Ningbo, Hunan, Sichuan and Shenzhen, according to People’s Daily Online. After registering, customers can install financial IC cards provided by participating banks into their existing mobile phones to receive services such as contactless payment and mobile banking. According to […]

Starbucks has expanded its mobile payment system from 16 shops to more than 1,000 locations in Target stores, according to americanbanker.com. The system, created by mFoundry Inc., generates a coded image on the customer’s smart phone, which is passed under a reader at the point of sale. The amount purchased is automatically deducted from the […]