Contactless payments

Passengers are warming to non-travel mobile payments, and the technology is advancing to enable mobile payments in flight, writes Kristian Gjerding, CEO of CellPoint Mobile.

Due in part to the U.S.'s lackluster adoption of contactless cards, mobile wallets had a slow and difficult time gaining hold among consumers and merchants that were unfamiliar with the tap-and-pay process or didn't have the right technology. The opposite problem plagues Canada, where contactless cards are so widely used that mobile adds little value.

Transactions register to driver's license plate to allow real-time updates to be sent to parking enforcement officers.

Payments at connected devices are expected to grow quickly in the next decade. Gas stations are a key place to look in the short term.

Consumers with a Mastercard, Visa or Union Pay card will use the mobile Standardized QR Code app to scan merchant-presented QR codes.

The market for fitness trackers is saturated with generic products, and Fitbit needs to differentiate with devices that have capabilities beyond counting users' steps and tracking sleep.

Speakers at PSCU's 2017 Member Forum offered insights on a host of issues related to payments, cybersecurity, leadership and more.

Samsung, terminal manufacturer Ingenico and Swiss app developer Smartlink are teaming up on an odd premise: Rather than treat wearables as vessels for a mobile wallet, treat those devices as a handful of bills and coins.

The merchants increasingly have to manage different technology for contactless and card payments, leading to a terminal upgrade.

The EMV migration includes support for chip cards and NFC contactless payments, giving banks room to compete in the contactless payments market just in time for wearables to take off.