Samsung Pay

Contactless Payment Market to Reach $12,476.6 Billion, Globally, by 2032 at 18.3% CAGR: Allied Market Research

Retrieved on: 
Wednesday, September 13, 2023
Google Wallet, Food, Apple Pay, Smartphone, RFID, COVID-19, Consumer, Government, NFC, Data, Restaurant, Growth, Samsung Pay, BSFI, Transport, Mobile phone, Online shopping

PORTLAND, Ore., Sept. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Contactless Payment Market by Device Type (Smartphones and Wearables, Smart Cards, and PoS Terminals), and Application (Food and Groceries, Pharmacy and Drug Stores, Restaurants and Bars, Consumer Electronics, Media and Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global contactless payment industry generated $2.4 trillion in 2022, and is anticipated to generate $ 12.5 trillion by 2032, witnessing a CAGR of 18.3% from 2023 to 2032.

Key Points: 
  • The pandemic across the globe prompted widespread changes in consumer behavior and preferences, accelerating the adoption of contactless payments.
  • Furthermore, many governments and health organizations encouraged the use of contactless payments to reduce the spread of the virus.
  • Furthermore, innovations in wearables, such as payment watches for making contactless payments, are expected to propel the segment's growth.
  • Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global contactless payment market revenue.

Contactless Payment Market to Reach $12,476.6 Billion, Globally, by 2032 at 18.3% CAGR: Allied Market Research

Retrieved on: 
Wednesday, September 13, 2023
Google Wallet, Food, Apple Pay, Smartphone, RFID, COVID-19, Consumer, Government, NFC, Data, Restaurant, Growth, Samsung Pay, BSFI, Transport, Mobile phone, Online shopping

PORTLAND, Ore., Sept. 13, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Contactless Payment Market by Device Type (Smartphones and Wearables, Smart Cards, and PoS Terminals), and Application (Food and Groceries, Pharmacy and Drug Stores, Restaurants and Bars, Consumer Electronics, Media and Entertainment, and Others): Global Opportunity Analysis and Industry Forecast, 2022-2032". According to the report, the global contactless payment industry generated $2.4 trillion in 2022, and is anticipated to generate $ 12.5 trillion by 2032, witnessing a CAGR of 18.3% from 2023 to 2032.

Key Points: 
  • The pandemic across the globe prompted widespread changes in consumer behavior and preferences, accelerating the adoption of contactless payments.
  • Furthermore, many governments and health organizations encouraged the use of contactless payments to reduce the spread of the virus.
  • Furthermore, innovations in wearables, such as payment watches for making contactless payments, are expected to propel the segment's growth.
  • Based on region, Europe held the highest market share in terms of revenue in 2022, accounting for more than one-third of the global contactless payment market revenue.

MagTek Achieves PCI PTS 6.x PED Certification for DynaFlex II PED

Retrieved on: 
Monday, September 11, 2023
Google Pay, PED, Apple Pay, TLS, Telephone numbers in Hungary, USB, POS, Samsung, Android, WLAN, WebSocket, IOS, Certification, PCI, Menstrual pad, NFC, PIN, TLS 1.2, Apple, IPadOS, Samsung Pay, SDK, Wireless, Mobile phone, Microsoft Windows, Countertop

The DynaFlex II Family of products has consistently delivered a wide range of payment acceptance options within a compact form factor. These solutions include an integrated secure card reader authenticator that supports magnetic stripe cards, barcodes, EMV® Chip Contact and EMV Contactless, and NFC-enabled mobile wallets like Samsung Pay, Google Pay, and Apple Pay. DynaFlex II PED enhances the payment experience further with its responsive touchscreen, allowing for displaying graphics like QR Codes, signature capture, manual entry of card data, and now secure PIN entry, making it ideal for both point-of --sale (POS) and banking applications.

Key Points: 
  • Countertop, Kiosk, and Wireless Device Accepts Cards, Barcodes, NFC Wallets, and PINs
    SEAL BEACH, Calif., Sept. 11, 2023 /PRNewswire-PRWeb/ -- MagTek, a global leader in security technology and retail electronic payments, announced today that DynaFlex II PED has achieved PCI PTS 6.x PED certification as a PIN Entry Device.
  • The DynaFlex II Family of products has consistently delivered a wide range of payment acceptance options within a compact form factor.
  • DynaFlex II PED supports a USB interface using the USB-HID protocol and optionally 802.11 WLAN using TLS 1.2 secure WebSocket.
  • DynaFlex II readers connect to Magensa, MagTek's secure gateway, for payment processing with leading US payment processors and other endpoints.

RAKBANK cooperates with UnionPay to drive contactless mobile payments in UAE

Retrieved on: 
Monday, September 11, 2023
Heart, Partnership, ABU, UnionPay, RAKBANK, MD, Apple Pay, APP, Samsung Pay, Payment card, Online shopping

ABU DHABI, UAE, Sept. 11, 2023 /PRNewswire/ -- RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE.

Key Points: 
  • ABU DHABI, UAE, Sept. 11, 2023 /PRNewswire/ -- RAKBANK and UnionPay International have announced their cooperation to drive contactless mobile payments in UAE.
  • RAKBANK has enabled all their terminals for accepting UnionPay contactless payments where card holders can use their mobile wallet, like ApplePay, and mobile banking APP or contactless cards.
  • The contactless payment solution is aimed at UnionPay cardholders visiting UAE as well as UnionPay cardholders living in the UAE.
  • The contactless payment experience for Chinese customers will give them a feel of making payments like they do in their home country using mobile banking app, ApplePay, Samsung Pay, Huawei Pay, Mi Pay and physical UnionPay contactless payment cards.

Waffle House® Brings Contactless Payments to Diners with Oracle Cloud

Retrieved on: 
Monday, August 14, 2023
Cloud, Google Pay, Apple Pay, POS, Samsung, Innovation, Restaurant, Waffle House, Samsung Pay, Online shopping, Oracle

AUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- A cultural icon of American dining, Waffle House now is offering diners new contactless ways to pay with Oracle Payment Cloud Service. Whether settling a check for the chain's signature waffles or 'scattered, smothered, and covered' hashbrowns, customers can use the latest contactless payment options, including debit/credit cards, Apple Pay, Google Pay, and Samsung Pay. For Waffle House, this means bringing modern digital payments to its customers without the hassle of unpredictable payment processing costs. 

Key Points: 
  • AUSTIN, Texas, Aug. 14, 2023 /PRNewswire/ -- A cultural icon of American dining, Waffle House now is offering diners new contactless ways to pay with Oracle Payment Cloud Service .
  • For Waffle House, this means bringing modern digital payments to its customers without the hassle of unpredictable payment processing costs.
  • Waffle House is also using Oracle MICROS Simphony Cloud Point-of-Sale (POS), enabling upgraded management options for its operations with a single view of data across every location.
  • With Payment Cloud Service, Waffle House gets transparent, fixed fee rate pricing with no monthly minimum requirements, and can avoid unexpected costs.

U.S. Payments Forum Summer Market Snapshot: AI’s Industry Shakeup, FedNow in Focus, Combatting Shifting Fraud Trends

Retrieved on: 
Wednesday, August 9, 2023
Federal Reserve, LLM Communications, Fiserv, EV, Apple Pay, National Urban Security Technology Laboratory, Midjourney, Synthetic media, American Express, ChatGPT, USB On-The-Go, JCB, Samsung, Statistics, Human, ACH, Federal, YOY, CNP, EMV, Government, Organization, Visa, Treasury, AML, PIN, Traction, O'Hara, U.S. Treasury, Anomaly, Algorithm, FedNow, Mastercard, Chase, IDS, Growth, Ecosystem, Artificial intelligence, AI, APP, KPMG, Fraud, Wells Fargo, Samsung Pay, SARS, Forum, J. P. Morgan, Security (finance), Medical device, Cryptocurrency, Online shopping, Mobile phone, Payment card, Venmo

Fraud mitigation is by far the most widely sought after use case for AI in the payments industry today.

Key Points: 
  • Fraud mitigation is by far the most widely sought after use case for AI in the payments industry today.
  • Since there are other peer-to-peer payment options on the market, industry stakeholders are examining how FedNow can instead fill gaps in ACH products.
  • Since faster payments are still gaining traction in the U.S., some industry experts are analyzing fraud trends in countries with more experience, like the U.K.
  • Synthetic ID Payments Resource Brief – A synopsis of fraud trends related to synthetic IDs, including suggested techniques for preventing and mitigating this fraud.

Sharjah Digital Office announces new services on Digital Sharjah Platform

Retrieved on: 
Wednesday, July 26, 2023
Google Pay, Livestock, Sharjah Police Force, Apple Pay, Malacca Al-Quran Museum, Electricity, Farmer, Water, Quality of life, Samsung, Android, IOS, Government, Sharjah Electricity and Water Authority, Disabled parking permit, Islam, Growth, Emirate, National Oil and Gas Authority, Transport, Samsung Pay, Food security, Tourism, Online shopping, Retail, Quran, Zakat

SHARJAH, UAE, July 26, 2023 /PRNewswire/ -- The Sharjah Digital Office has announced the integration of four new government services and features to its Digital Sharjah platform. The new inclusions can be accessed via the website and online applications. This brings the total number of services provided on the platform to more than 60, covering various areas of life.

Key Points: 
  • Aligned with the strategic objectives of the Sharjah Digital Office, these latest service enhancements aim to bolster the sustainable digital future of the Emirate.
  • The newly added services include:
    The Sharjah Digital Office has announced the addition of the "Visit the Quranic Museums" service on the Digital Sharjah platform, within the general services sector.
  • The Sharjah Digital Office is at the forefront of transforming lives and empowering communities through cutting-edge digital solutions.
  • Its Digital Sharjah platform offers a diverse range of services spanning across seven pivotal sectors, namely business, transportation, utility services, social services, public services, security, and real estate.

Sharjah Digital Office announces new services on Digital Sharjah Platform

Retrieved on: 
Wednesday, July 26, 2023
Google Pay, Livestock, Sharjah Police Force, Apple Pay, Malacca Al-Quran Museum, Electricity, Farmer, Water, Quality of life, Samsung, Android, Multimedia, IOS, Government, Sharjah Electricity and Water Authority, Disabled parking permit, Islam, Growth, Emirate, National Oil and Gas Authority, Transport, Samsung Pay, Food security, Tourism, Online shopping, Retail, Quran, Zakat

SHARJAH, UAE, July 26, 2023 /PRNewswire/ -- The Sharjah Digital Office has announced the integration of four new government services and features to its Digital Sharjah platform. The new inclusions can be accessed via the website and online applications. This brings the total number of services provided on the platform to more than 60, covering various areas of life.

Key Points: 
  • Aligned with the strategic objectives of the Sharjah Digital Office, these latest service enhancements aim to bolster the sustainable digital future of the Emirate.
  • The newly added services include:
    The Sharjah Digital Office has announced the addition of the "Visit the Quranic Museums" service on the Digital Sharjah platform, within the general services sector.
  • The Sharjah Digital Office is at the forefront of transforming lives and empowering communities through cutting-edge digital solutions.
  • Its Digital Sharjah platform offers a diverse range of services spanning across seven pivotal sectors, namely business, transportation, utility services, social services, public services, security, and real estate.

Onbe Adds PayPal and Venmo to Power Quick Disbursements to Millions of Recipients

Retrieved on: 
Tuesday, May 30, 2023
Professional Services, Technology, Finance, Fintech, Electronic Commerce, Internet, PayPal, Recommerce, Samsung Pay, Apple Pay, Research, ACH, Online shopping, Venmo

Onbe, a leading business to consumer disbursements financial technology company, today announces the addition of PayPal and Venmo* functionalities to its product offerings.

Key Points: 
  • Onbe, a leading business to consumer disbursements financial technology company, today announces the addition of PayPal and Venmo* functionalities to its product offerings.
  • With PayPal and Venmo, Onbe’s clients now have more options to provide fast, seamless and secure digital choices to their recipients within Onbe’s existing product suite.
  • Onbe’s 2023 Future of Payments report shows overwhelming preferences for digital payments, with 73% of respondents choosing digital payments and 60% of respondents choosing PayPal as their preferred digital wallet.
  • Clients can work with Onbe to offer PayPal and Venmo to their recipients quickly and begin delivering payments to nearly 400 million active consumer accounts globally, with funds available for use within minutes.

WSFS Bank and Philadelphia Union Launch Co-Branded Debit Card

Retrieved on: 
Wednesday, May 17, 2023
Banking, Professional Services, Finance, Partnership, Senior, WSFS Bank, Policy, Samsung, WSFS, Multimedia, Visa, ATM, PIN, Community, Associate, Apple, Union, Samsung Pay, Health, Payment card, Bank, Mobile phone, Subaru Park, Philadelphia Union, Delaware Valley, Sportsplex

WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), and the Philadelphia Union today announced the launch of a co-branded debit card.

Key Points: 
  • WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), and the Philadelphia Union today announced the launch of a co-branded debit card.
  • View the full release here: https://www.businesswire.com/news/home/20230517005521/en/
    The new WSFS Bank Philadelphia Union Debit Card!
  • As the official bank and community supporter of the Philadelphia Union and Subaru Park, WSFS is offering a one-of-a-kind design that features the Philadelphia Union logo and colors to showcase fan support for their hometown team.
  • The card is available to new and existing WSFS Bank Customers via online account opening or in-person at any WSFS Banking Office.