Identity, Security, Payments, Biometrics, Smart Cards and Authentication News

$10 million spent on Visa cards first day of Olympics

Tuesday, August 12, 2008

Tourists attending the Olympics in China have spent about $10 million U.S. on their Visa credit, debit and prepaid cards during the first day of the games, Visa reports. The biggest Visa spenders were from the U.S., followed by Japan, Hong Kong SAR, South Korea and the United Kingdom.

Visa says money spent by tourists on its cards on 8 August 2008 showed an increase of 11% over the same day last year. Read more here[end] 

Barnes International announced that its updated Visa GPR Test module now complies with the latest version of Visa’s Global Personalization Requirements.

The updated test tool will offer evaluation of a chip product to ensure it meets industry and payment scheme certification standards. This reduces a product’s time to market as the chip is aligned to Visa Specifications throughout the development life cycle and before applying for official Visa approval.

read more »

la Caixa and Visa Europe have begun rolling out their contactless payment system in Barcelona. The bank is set to make all cards and point-of-sale across Barcelona contactless, requiring the distribution of 1 million cards and more than 15,000 new POS terminals.

read more »

In the hopes that mobile wallets and contactless payments will catch on with consumers, mobile phone and financial services firms are looking to next year’s Olympics in London as a tipping point.

read more »

Google is looking to bring its contactless mobile payments service to the UK in time for the 2012 Summer Olympics, according to eWeek Europe.

Google Wallet, which enables customers to pay, redeem coupons and earn loyalty points all with a single tap of an NFC-enabled phone, could be tested in the UK as early as the first quarter of 2012. French newspaper Les Echos says the company is currently in talks with British banks, retailers and distributors.

read more »

Visa has announced that more than 1 million EMV chip-enabled cards have been issued by U.S. financial institutions as of December 31, 2011.

Just 18 months ago there were no Visa-branded EMV chip cards issued in the U.S. according to Visa’s Stephanie Ericksen, who attributes the sudden growth to U.S. issuers accepting Visa’s EMV and mobile payments road map.

read more »

Visa Europe is anticipating a big year for contactless and NFC payments, with issuance projected to leap from 30 million in 2011 to 50 million in 2012.

read more »