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

Contactless Cards and Payments - The Impact Of Regulation And Risk

Wednesday, March 25, 2009

Dates: June 22 – 23, 2009
Location: London, United Kingdom
Venue: Copthorne Tara Hotel
URL: http://www.smi-online.co.uk/09contactless.asp
Contact: http://www.smi-online.co.uk/contact/
Description: Building on the success of last years’ sell-out event our 2009 conference promises to deliver a comprehensive analysis and update of the contactless cards and payments market. Hear perspectives from APACS, European Payments Council, Financial Standards Authority, Transport for London, GS1 UK, Monitise, European Association for Mobile Payment, Smart Card Alliance & Coffee Republic plus benefit from case studies highlighting the potential risks and regulatory issues posed by new card technology. [end] 

MasterCard’s PayPass contactless payment feature may soon be presented to the Azerbaijan market of cashless payments.

According to a recent MasterCard study, 75% of the local residents said they would like to use contactless payment cards in supermarkets and 60% to pay public transport fare. When asked which devices, in addition to a plastic card, it would be convenient to make payments, 86% of respondents said they would like to use their mobile phone.

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First Data Corporation has partnered up with the Krakow Transportation and Infrastructure Authority and City Parking Group for the introduction of parking meters equipped with contactless payments functionality in the city of Krakow, Poland.

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NFC-enabled mobile payments may not have the kind of immediate impact the likes of Google and Isis are hoping for, according to Institute of Electrical and Electronics Engineers (IEEE) fellow Jack Winters.

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HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

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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.

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Albron, an independent caterer in the Netherlands, will offer biometric- and contactless-based payments in its restaurants thanks to a newly signed agreement with pan-European payment processor Equens.

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