Sentences with phrase «contactless mobile payments technology»
Norwegian banking group DnB Nor is partnering with MasterCard and local telco Telenor to launch a public trial of near field communications (NFC)- based contactless mobile payments technology.
https://www.finextra.com/ Not exact matches
The small implants use Near Field Communication (NFC) technology, the same as in contactless credit cards or mobile payments.
«These include the growth of contactless payment options, including card - based and mobile tap - and - pay methods, the global adoption of EMV chip technology and the continued expansion of online commerce.»
All the new devices certified by Visa host the Visa payWave application on a secure SIM card and feature NFC (Near Field Communication) technology, the short range communications standard that enables mobile phones to securely transmit payment information to a contactless payment terminal.
It's been said the SIM - NFC technology will work by just simply waving a mobile phone against a contactless reader, where the payment for goods will then take place in the likes of Pret a Manger, EAT, Little Chef and the Co-Op — who either currently support the technology, or will soon.
The survey also found that 65 % of respondents cited security of payments made using new technologies - such as contactless cards or mobile phone apps - as their main concern in adopting new technologies.