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Android Pay now available in the US

Cashless Payments, News, TechnologyBy SMI 10/09/2015

Android Pay, the new mobile payments technology owned by Google, has today been launched in the USA. Android has begun the rollout of its new service, allowing users to make payments with their compatible Android phones in stores, which will continue for the next few days. Like most mobile payments, Android Pay uses near field…

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MasterCard to lift contactless payment limit by 2017

Cashless Payments, NewsBy SMI 09/09/2015

A press release issued by MasterCard yesterday talks of their plans to enable limitless contactless payments across Europe by 2017. MasterCard states that during the second quarter of 2015, contactless payments, also known as “Tap & Go”, grew by 170% year on year across Europe. They also state that the value of euro contactless payments…

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Scotland to use De La Rue Safeguard® polymer

Banknotes, NewsBy SMI 08/09/2015

The Royal Bank of Scotland (RBS) has chosen to use De La Rue’s Safeguard® polymer substrate for its new £5 and £10 banknote designs. RBS, which is the second largest issuer of banknotes in Scotland by volume, announced that the new designs for each note will be revealed within the coming months and intends to…

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Bank of England £20 will be polymer

Banknotes, NewsBy SMI 02/09/2015

The Bank of England has today announced that the next design of the £20 banknote will be printed on a polymer substrate instead of traditional paper. The announcement was made by Victoria Cleland, the Bank of England’s Chief Cashier, at the Follow the Cash 2015 Conference hosted by the University of the West of England…

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UK Contactless card limit rises to £30

Cashless Payments, NewsBy SMI 01/09/2015

From today, shoppers in the UK can make contactless card or mobile payments up to a value of £30 per transaction. Contactless payments are those made without the use of a pin or signature, made by touching a contactless enabled payment card or mobile device against a compatible payment terminal. The limit has gradually risen…

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Thailand issues 1000-baht banknote

Banknotes, NewsBy SMI 21/08/2015

The Bank of Thailand has issued a new 1000-baht banknote. The new note entered circulation today following an unveiling of the note by the Bank’s Governor, Mr.Prasarn Trairatvorakul, last Monday. The paper banknote contains updated security features to aid both machine and human authentication, including those with visual impairments. The updated features include: A watermark…

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