A new contactless payment factor recently hit the Korean market. According to ETNEWS, Shinhan Card Company released ” Korea’s first ever” USB credit card. The USB credit card provides secure online and contactless payment functions. During the online payment, users do not need to insert the credit card number, they simply insert the “card” into the USB port. During payment at a point-of-sale terminal, the “card” works just like any other contactless credit card. ![[end]](/resources/bullet/archive-4.gif)
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On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S. OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S. read more »The Canadian Imperial Bank of Commerce (CIBC) and mobile operator Rogers Communications are partnering to launch Canada’s first joint mobile payment solution, allowing Canadians to pay with their CIBC credit card at the point-of-sale using NFC-enabled smart phones. read more »Barclays Bank PLC announced that the Barclaycard Wireless Festival 2012 is to be fully contactless enabled, giving attendees the ability to enjoy the experience without having to carry cash. read more »Canadians may be paying for items with the tap of an NFC-enabled phone by the end of 2012. According to Reuters, Canadian banks, credit card companies and telecoms are reaching an agreement on an NFC payment service that will capitalize on Canada’s robust contactless infrastructure. read more »If you want to use a credit card to pay your tuition at Drake University, Des Moines, Iowa, be prepared to pay more. In addition to the 4.11% tuition hike, which recently went into effect, students will now have to pay an extra 2.75% surcharge if they use a credit card. read more »SK Telecom, headquartered in South Korea, has designed an RFID disposal management system that will encourage citizens to recycle and reduce the amount of daily food waste, according to Earth911.com. read more » |
