ContactlessNews | MasterCard introduces contactless payments to the Azerbaijan financial market

Thursday, December 29, 2011

MasterCard announced that it intends to present its contactless payment cards to Azerbaijani financial market in 2012.

According to abc.az, MasterCard is in negotiation with the Central Bank of Azerbaijan, as well as Azerbaijan private banks regarding the implementation of projects on non-cash payments and the introduction of contactless cards for payments for applications in transit, dining and entertainment.

“These cards enable you to make payment within 0.5 seconds that allows avoiding problems with emergence of long queues for payment of services in the above-listed places,” said Hakan Acar, MasterCard Azerbaijan’s regional manager.

Acar added, next year together with Azerbaijani banks there will be the introduction of new cards providing extra bonuses to their users when paying for goods and services.

Read the full story here.

Identive's tomPAY sticker turns any mobile phone into a contactless payment device

Identive Group announced tomPAY, an NFC-enabled sticker tag that can be affixed to existing mobile phones to enable contactless payments.

Based on Identive’s tom (tag on metal) smart inlay technology, tomPAY is manufactured using the same processes as an ISO PVC card. When placed on a phone, tomPAY enables contactless mobile payments in compliance with MasterCard PayPass specifications, as well as loyalty, transport ticketing and other m-commerce services.

C-SAM, MasterCard to launch mobile wallet in Asia Pacific, Middle East and Africa

C-SAM, a U.S.-based provider of secure mobile transactions technology, has announced a joint initiative with MasterCard to offer a white label mobile wallet solution to mobile operators, retail banks and payment providers in Asia Pacific, Middle East and Africa.

Azerbaijan excited for new contactless and mobile payments

MasterCard’s PayPass contactless payment feature may soon be presented to the Azerbaijan market of cashless payments.

According to a recent MasterCard study, 75% of the local residents said they would like to use contactless payment cards in supermarkets and 60% to pay public transport fare. When asked which devices, in addition to a plastic card, it would be convenient to make payments, 86% of respondents said they would like to use their mobile phone.

OTI to deliver 30,000 NFC readers in the U.S.

On Track Innovations (OTI) has received an order for 30,000 of its NFC and contactless payment readers for deployment in the U.S.

OTI did not reveal who will receive the readers, but assured that the devices would be used to support the migration towards contactless payments and NFC in the U.S.

Comments