Displaying items by tag: Payment cards

Improvements to customer loyalty schemes and broader legislative reforms are required to protect consumers using loyalty schemes, according to a report from Australia’s competition and consumer regulator, the ACCC.

In-store contactless payments are estimated to reach US$2 trillion worldwide by 2020, with the global market driven by an explosion in the use of payment cards and mobile wallets.

Taxi payments company Cabcharge sees substantial opportunities for growth in taxi, rideshare and hire car trips in the current Australian market for these services, markets in which all taxi companies are under growing pressure from newcomer Uber.

With watches, wristbands, NFC handsets, payment cards and contactless payments all the rage and only growing, reaching nearly $100 billion annually by 2018 seems assured.

Visa has launched its first Token Service - a relatively new security technology that replaces sensitive payment account information found on payment cards – in the Asia Pacific regional market.