NFC mobile payment is expected to begin replacing cash wallets starting in 2011, according to Sarah Clark’s “The Road to Commercial Deployment.” In her report, Clark predicts that in the next two years banks and mobile network providers will go head to head in a bidding war to control mobile payment, thereby driving the industry. […]

The Commonwealth Bank of Australia (CBA) has announced plans to implement 15,000 new contactless payment terminals before the end of the year, according to individual.com. The initiative marks a big step up from last year’s installation of 1,900 of new terminals. The bank now operates 160,000 terminals, a small fraction of which are equipped with […]

Arcot, a leader in fraud prevention technology, announced an EMV authentication solution for MasterCard holders. ArcotOTP is a mobile application designed to lower the cost of providing EMV authentication and provides increased convenience for cardholders on the go. ArcotOTP uses the Chip Authentication Program in its application which enables cardholders to authenticate themselves using existing […]

Gemalto is distributing corrective software to German banks to fix a glitch that caused millions of Gemalto’s payment cards to spontaneously stop working last week. The software solution was verified and approved by the German banking authorities on Jan. 7 as keeping the affected cards fully compliant with the German card banking system. According to […]

Contactless payment could someday replace chip and PIN cards altogether, according to squidcard.com. David Birch of Consult Hyperion, a private consultancy based in the UK, told the Times that the increasing popularity of contactless payment could mean the eventual end of chip and PIN debit cards, just as the popularity of debit cards phased out […]

Orange and Barclaycard customers now have the option utilizing a new contactless credit card. The launch of the Orange Credit Card is the latest step in Orange and Barclaycard’s partnership aimed at introducing a range of mobile, financial and payment services to evolve the way consumers make payment transactions in the UK. The card features […]

Best Buy announced that it has officially stopped accepting Visa’s contactless cards due to the high fees associated with its usage. Even after months of receiving threats from Best Buy, Visa insists chains accept a more expensive signature authorization as opposed to the more retail-friendly PIN, according to Storefrontbacktalk.com. Visa’s lack of a PIN option […]

Wells Fargo was awarded a contract with the University of Nevada, Las Vegas to provide financial services for the RebelCard, a multi-function campus ID designed to provide students, faculty and staff a single card to use for a variety of purposes on and off campus. Starting this month, RebelCard holders can use their card for […]

In an effort to modernize taxis in South Africa, iMobilise Transportation Systems signed on VeriFone Holdings Inc. to provide digital payment technology and media solutions. VeriFone technology will be installed in nearly 1,500 taxis. The systems will provide passengers with payment options including credit cards, Chip and PIN-based debit, and contactless. Deployment of the systems […]

VITAband Inc. has developed a medical ID bracelet that aims to bring improvement to health information exchange and patient care. It stores personal health information that enables first responders and medical professionals to gain access to important information in the event of an emergency. The device stores a person’s identification, any relevant medical history and […]