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Modern technologies are developing so rapidly that sometimes it even gets scary. A few decades ago, no one could even think that they would pay in stores, gas stations, medical centers, etc. using a tiny piece of plastic. But nowadays contactless cards and even digital wallets in smartphones are widely spread.

In a few words, contactless or “tap and pay” payments allow carrying out transactions without swiping or inserting a card into a checkout terminal. It is much faster and easier for...

Members of the country’s second-largest credit union will now be able to check out more quickly and easily using contactless payments.

Paying for transactions with a simple tap of a contactless Visa credit or debit card will allow the checkout experience to be faster and easier for PenFed members. John Kelly, executive vice president of consumer banking at PedFed, said the company is “proud to lead the way and stand toe-to-toe with the nation’s leading financial institutions as one of...

No one likes to wait in line. And thanks to new payment technology, customers at select 7-Eleven convenience stores across the country will no longer have to stand in line to pay for their magazines, snacks, and other sundries.

The new mobile self-checkout feature, Scan & Pay, launched in Dallas, Texas and will be available at certain stores throughout the United States soon. Customers with Android or iOS devices will be able to download the 7-Eleven app, which will allow them to scan their...

If you’re tired of waiting in checkout lines at the grocery store, department store, gas station or any other brick-and-mortar merchant, a technological advancement in the works may be good news for you.

Facial recognition technology is coming to your credit card—meaning your face may actually be your credit card in the near future. SensibleVision, a company that develops artificial intelligence technology around the globe, has announced a new 3DWallet tool, which connects with payment...

JPMorgan Chase and Merchant Customer Exchange (MCX) have inked a deal that will allow Chase Pay, the mobile and digital wallet that Chase customers can use for easier access to their finances, to expand to new merchants over the coming year.

Chase Pay, which launched in November 2016 after a series of delays, initially included Best Buy as their biggest name partner. But acquiring MCX’s payments technology will allow them to add MCX merchants such as Walmart, Shell, Phillips 66 and...

PayPal and Citi are partnering up to allow Citi cardmembers to use the digital payment solution either online, within the app, or in a store easily and quickly.

Details of the agreement were not disclosed, but Ralph Andretta, head of US branded cards at Citi, said the company was “thrilled to continue that momentum through a new partnership with PayPal in which two leaders in payments are collaborating to further drive innovation and foster a more seamless payments experience.”

The...

People are getting used to inserting their payment cards into card readers now instead of swiping, thanks to sophisticated EMV card technology. It seemed like a long wait for the United States to catch up with the rest of the world and use EMV chip cards to pay for purchases, but now they’ve become commonplace. And now cardholders can get these cards, which use the latest technology to prevent fraudulent purchases, even more easily and quickly.

Alliance Data is now offering the capability...

More merchants are signing up for Visa Checkout, the payment solution for online shopping that aims to keep consumers from abandoning their online carts by allowing them to complete their purchases with just a few clicks.

New merchants on board with Visa Checkout include Alaska Airlines, Chick-fil-A, Cole Haan, Emirates and Wyndham Hotel Group.

Michael Prince, president and Chief Operating Officer of Cole Haan, said the retail industry is changing quickly. “We’re partnering with Visa...

More and more card-linked transactions are happening, according to the CardLinx Association’s annual card-linking industry survey. The report from February 2016 shows that card-linked transactions have grown by more than 50% in the last year.

Card-linked transactions are those in which customers link their credit cards or debit cards to digital coupons, loyalty programs, or mobile wallets. Benefits and discounts are automatically applied when consumers complete their transactions, without...

As 2016 gets started, one thing is certain: this is shaping up to be the year of the smart payment technology security boom. Technological advancements that have brought smart wallets and mobile payments to the mainstream now must be matched with advancements in security that will keep folks from becoming victims of identity theft and credit card fraud.

Leaders in the smart payments space include NXT-ID, Apple, Google, Wal-Mart, and PayPal. SoundView Technology Group recently released a...

Online shopping has a lot going for it. You don’t have to worry about finding a parking spot, you don’t have to drive to five different stores to find the thing you want, and you don’t have to carry any bags around. Everything is delivered straight to your door. You save on gas, stress, and schlepping.

However, there is a downside to online shopping—or there can be, if you aren’t careful. As more people flock to online shopping rather than pounding the pavement looking for that...

For years, the United States has lagged behind other countries when it comes to payment security. EMV cards, also called chip-enabled cards, or chip-and-PIN cards, are standard across Europe and Asia, but haven’t caught on as quickly in the U.S. This is despite the fact that they are more secure than traditional magnetic stripe cards, and also in spite of the numerous data breaches that have compromised consumer payment information over the last year.

As of October 1, 2015, banks have...