Near Field Communication (NFC) is a set of short-range wireless technologies, typically requiring a distance of 4cm or less to initiate a connection. NFC allows you to share small payloads of data between an NFC tag and an Android-powered device, or between two Android-powered devices.
Near Field Communication (NFC) is a set of short-range wireless technologies, typically requiring a distance of 4cm or less to initiate a connection. NFC allows you to share small payloads of data between an NFC tag and an Android-powered device, or between two Android-powered devices.
In news that will not be at all surprising, contactless spending went mainstream in 2015 with £7.75 billion being spent using contactless cards, compared to £2.32 billion in 2014, according to new research from the UK Cards Association (UKCA).
Welcome to our weekly round-up of all the latest news and research from the world of payments.
We take a quick look at recent data from Barclaycard that shows where the British public liked to pay using contactless payments.
Welcome to our weekly round-up of all the latest news and research from the world of payments. This week's round-up includes a company that shocks you if you overspend, Italian cheese that is used as currency and of course Android Pay in the UK.
The infographic says cash payments could decline by as much as 50% in the next ten years, exacerbated by the introduction of the likes of Android Pay, Samsung Pay and improvements to mobile coverage and public wifi.
After a false start yesterday and numerous rumours throughout the week, Android Pay has officially been launched in the UK.
Can the rumours be true? Is Android Pay coming to the UK this month? A few breadcrumbs (full-on green signs saying 'We accept Android Pay) from Pret, and web activity from Halifax and HSBC suggest that so.
Like some sort of payments equivalent of a fighter who just keeps picking the wrong fights, Barclays is taking on Android Pay by releasing its own contactless payment for Android phones service in June. The bank tried and failed to take on Apple Pay last year. We're not exactly sure how it expects to do better this time round...
Android Pay is coming to the UK for the first time in the next few months, in a move that will galvanise the still nascent mobile wallet space in the region. Many of the UK’s banks are already on board, with Halifax, Lloyds, First Direct, Bank of Scotland, Nationwide, M&S Bank and MBNA already signed up for the launch.
The volume of non-cash payment transactions is accelerating at a rate of 7.6 per cent year-on-year to reach a record high of 357.9 billion transactions, a report from RBS and Capgemini has found.
