First Data made a Go of its new “sticker”-based payment technology—Go-Tag—at last week’s Democratic National Convention in Denver. The payment vendor, which has been testing the Near Field Communications-enabled chip form factor for a year, provided thousands of Go-Tag lapel pins for convention delegates for able to use for purchases of to $10 in concession stand purchases at the Pepsi Center.
ID tags and cards have been the test-phase devices for Go-Tag technology, but the goal is to plaster the stickers onto cell phones, as is being done currently by digital wallet company Mobile Dish Candy with its Blaze Mobile platform.
Many of the expectations behind stickers have been for their use as an interim payment form that would encourage customer use (plus merchant terminal investments) while banks, card companies, vendors, carriers and phone manufacturers build and carry out their alliances for embedded phones.
We could see a rash of these “outside the box” NFC chip programs very shortly. Earlier this year, smartcard chip vendor INSIDE Contactless introduced a new product, its MicroPass 4300, which is suitable for a sticker placement. The French company also landed deals with six issuers to begin engineering a secure and aesthetically acceptable sticker format for mobile phones, geared toward prepaid account usage.
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The Arkansas-based company spent nearly four years on the M&A sidelines, grappling with asset quality issues and litigation tied to its 2022 acquisition of Texas-based Happy State Bank. Now it's signed a letter of intent to buy an unnamed bank.
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The company cited efforts to improve profitability behind its decision, with Popular joining a line of other banks in ending mortgage operations in 2025.
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The 23rd annual dinner honored bankers and finance leaders at the top of the industry.
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Zelle's parent Early Warning Services said Friday it was planning to take its peer-to-peer payments network international through a new stablecoin initiative. It says the details will come later.
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Nicolet Bankshares has agreed to buy MidWestOne Financial in an $864 million, all-stock deal. The acquisition will move the Wisconsin-based buyer into Iowa and the Twin Cities, while also allowing it to vault past a key regulatory threshold.
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A think tank report details setbacks in U.S. cyber strategy, from shuttered partnerships and staff cuts to the expiration of key info-sharing laws.
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