NFC Technology

Stripe rolls out tap mobile payments for NFC-enabled Android devices

03/01/202302/28/2023 Sam Lambert

The service, already available for Apple device users since last year, is now widening its reach. Stripe has announced that it is expanding its Tap to Pay mobile payments feature to Android devices that are enabled with near field communication (NFC) technology. The financial services company was the first company to become a Tap to Pay partner with Apple. The partnership between Apple and Stripe made it possible for any NFC enabled Apple device – from the iPhone to the Apple Watch – into a device that can be used…

Last year, the value of contactless payments rose almost 50 percent, says Barclay’s

02/22/202302/21/2023 John Montgallo

Contactless payments - Barclays POS contactless Payments

Users made an average of 220 tap-based transactions last year, totaling £3,327 per consumer. Last year, contactless payments spiked by 49.7 percent based on their total value as people throughout the United Kingdom headed back in-store equipped with tap-and-go technology. The £100 transaction limit appeared to work well for consumers as they shopped in person again. This data was released in a report from Barclays, which transacts almost half the debit and credit card spending across the United Kingdom. It went on to show that a record 91.2 percent of…

Vipps mobile payment app takes on Apple in Norway

02/17/202302/15/2023 John Montgallo

The application is calling for the European Union’s (EU) antitrust regulators to take action. Norwegian mobile payment app company Vipps has called for European Union (EU) antitrust regulators to require Apple to permit access to its tap-and-go functionality without any restrictions, said Rune Gaborg, the company’s CEO. The goal is to make it possible for other companies to be more competitive in the digital transaction space. Gaborg made his comments seeking action from the EU’s antitrust regulators against the iPhone maker the day after Apple made its latest effort to…

Contactless mobile payments collaboration forms between CTBC Bank and Soft Space

09/02/202209/01/2022 Stephanie Beck

Contactless mobile payments - Paying with wearable device

The partnership will work as a system used by Taiwanese taxis to make it easier to charge fares. CTBC Bank, based in Taiwan, has entered into a partnership with Soft Space, a fintech from Malaysia, to launch a contactless mobile payments system to be used by cab drivers to collect taxi fares. The system will allow customers with Android smartphones and NFC technology to tap to pay. The contactless mobile payments system will be powered by Soft Space so that Android phone users can pay for their cab rides using…

NFC technology experiences considerable surge in global use

08/30/202208/29/2022 Sam Lambert

A recent survey shows that consumers have a greater awareness of the tech and are satisfied by it. A new study conducted by ABI Research has shown that consumers are considerably more familiar with NFC technology, and they are more satisfied with it as well. Over eight out of every ten consumers have used a contactless card or mobile payment wallet. According to the research, more than 85 percent of consumers have used NFC technology in the form of a “contactless card or mobile payment wallet.” Moreover, they have increased…