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The Rise Of Card-on-File Commerce

PYMNTS

Capturing and then enabling card-on-file payments when consumers buy the products or services they consume in the physical world. Part of that includes reminding consumers to use their contactless cards when they check out in their stores (if they have one) or their mobile wallets (if they choose). Uber and Starbucks pioneered it.

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Federal Reserve’s Cunha on the State (and Timeframe) of Digital Dollars

PYMNTS

Earlier this month, as PYMNTS noted , the Federal Reserve said its Boston bank is working with the Massachusetts Institute of Technology (MIT) to explore the possibility of issuing digital currency. But a race to a rollout is not in the cards. Central bank digital currencies (or CBDCs) have been gathering steam, at least as a concept.

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In Hawaii, Streamlined Mass Transit In The (HOLO) Cards, Beyond The Paper Pass

PYMNTS

If the longest journey begins with a simple step, might the streamlined journey begin with a simple tap of the card? Late April saw the debut of the HOLO card, used for Oahu Transit, a project in which the cards are to be used across the system’s busses and a rail system being built out over the next several years. How bustling?

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Cubic Expands Contactless Payment System To Sydney Trains

PYMNTS

Cubic said that some of the contactless technology , software and equipment developed for Sydney will be in Cubic projects that will be rolled out over the course of the next few years in cities such as New York, Boston, and San Francisco. That is being made possible by recent contract wins by the company.

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Merchants Gone Wild: The Surcharge Edition

PYMNTS

Since about mid-December of 2018, checking out in the stores here in Boston has become even more of a hassle. Never mind the people who start rummaging around in their purse or wallet to pull out their cards after stepping up to the checkout counter. I say yes, because … well, what else is there to say? is nothing new.

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Central Banks See Digital Fiat As Complement To Cash, Not Replacement

PYMNTS

And in at least one cue for CBDC design to be taken from cash, the BIS stated that the digital currencies should be as “easy as using cash,” in transactions that can be done through tapping card or scanning a mobile phone, in a bid to encourage adoption and accessibility. In an interview with Karen Webster published Monday (Oct.

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Stablecoin Outlook Anything But Stable As Regulation, Legislation Loom

PYMNTS

That would, of course, include Diem, backed by the consortium of tech companies, Facebook among them, aiming for a 2021 launch. The Boston Federal Reserve has been working with the Massachusetts Institute of Technology to explore tech infrastructure that would underpin digital dollar issuance.