On average, it takes between seven to 10 seconds to pay using a chip card versus two to three seconds to pay using a traditional swipe credit card in the U.S. At some Walmarts unless you have a PIN for the chip card it will not prompt for you for SIG credit.
Despite all the buzz, with more than half of consumers aware that they can make payments through their mobile phones – only 18% of Americans use their mobile phones to make at least one payment a week.
The UK ‘tap & go’ limit for transactions on all contactless payments cards will increase from £20 to £30 on Sept 1 and it is expected to drive a surge in contactless payments.
In today’s CardFlash News Que: UPSTART (Marketo); ACCEPTEMAIL (PayWithMyBank); ACI (R2) and NACHA (Payments 2016).
Apple Watch is being delivered today for the lucky first adopters, while those late on the bandwagon may have to wait to late June for shipment or to go in-store. But is it hype or hope? Whatever, banks and others are climbing aboard with AW apps.
While the first release of Apple Watch will attract gold-standard customers: high income, younger, and extremely engaged in digital banking, payments, and shopping, the second wave of adopters will likely follow in 2016 year, which could be the real test for apple.
VA-based Intelishift Technologies now accepts payment in Bitcoin. Colocation providers can now pay for their colocation hosting services using the virtual currency. A peer-to-peer type of payment, users can make transactions using Bitcoin without needing an intermediary.
Amsterdam-based Gemalto has deployed more than one million Optelio contactless EMV cards in a year for Banco Santander Brasil, through Santander Universities.
Sionic Mobile has launched its free Shop2Give app, helping non-profit organizations meet or exceed their fundraising goals with a simple, mobile experience.