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1 September 2015 • By Rian Boden • Last updated 1 September 2015, 15:50

Singapore commuters trial wristband payments

Sony SG50 SmartBand

Commuters in Singapore are testing a contactless wristband to pay for public transport services and for goods at retailers equipped with contactless readers.

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1 September 2015 • By Rian Boden • Last updated 1 September 2015, 14:11

Brits spend £2.5bn with contactless in first half of 2015

More than £2.5bn (US$3.8bn) was spent using contactless cards in the UK in the first half of 2015 compared to £2.32bn (US$3.55bn) for the whole of 2014, research from The UK Cards Association reveals as the UK contactless limit is raised from £20 (US$30) to £30 (US$46).

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31 August 2015 • By Mike Clark • Last updated 31 August 2015, 14:48

Join NFC World and Gemalto to learn how to develop a successful mobile payments roadmap

NFC World will host a free webinar on Tuesday 22 September to help issuers and processors learn how to develop a mobile payments strategy that offers both a winning service for customers today and long-term flexibilty for the future.

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28 August 2015 • By Rian Boden • Last updated 28 August 2015, 14:25

Half of Brits expect to replace cash with new technologies

More than a quarter of UK consumers (27%) think they will be making payments using wearable devices including watches and wristbands within 10 years, 22% think they will be regularly using their fingerprint to make those payments and 7% think they will use a microchip embedded in their body, research from Lloyds Bank reveals.

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28 August 2015 • By Rian Boden • Last updated 28 August 2015, 14:27

Wienerschnitzel launches mobile payment and loyalty app

US fast food restaurant chain Wienerschnitzel has launched a loyalty based mobile app that also comes equipped with mobile payment capability to reward customers for purchases made at checkout using a point system.

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NFC

28 August 2015 • By Rian Boden • Last updated 28 August 2015, 13:36

CaixaBank launches HCE mobile payments app

Spain’s CaixaBank has broadened its range of mobile payment services with the launch of CaixaBank Pay, a new app based on host card emulation (HCE) that allows users to make online and in-store payments at any contactless terminal. The bank estimates that the service could be used by more than 70% of its mobile banking customers.

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27 August 2015 • By Rian Boden • Last updated 27 August 2015, 14:04

UK contactless spending up 150% in last 12 months

The amount that UK consumers are spending using contactless has risen 150% in the last 12 months, with the number of transactions up 134%, research from Barclaycard has revealed. 

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27 August 2015 • By Rian Boden • Last updated 27 August 2015, 13:19

Coin unveils EMV-ready Coin 2.0 with NFC

Connected device maker Coin has released a new version of its electronic magnetic stripe card that is EMV-ready and incorporates NFC, allowing users to store credit and debit cards and make both contactless and swipe payment transactions for in-store purchases.

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27 August 2015 • By Rian Boden • Last updated 27 August 2015, 12:40

MCX adds offers and discounts to CurrentC mobile wallet

US retailer-led consortium MCX has announced a partnership with promotions management and processing provider Inmar to bring digital promotions from US brands to its yet-to-launch mobile wallet platform CurrentC. The deal will enable users to automatically redeem offers and discounts at checkout on their mobile devices.

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26 August 2015 • By Rian Boden • Last updated 26 August 2015, 12:19

UK consumers increase contactless spending 560% in 12 months

The amount British consumers have spent using their contactless cards has increased 560% in the last 12 months, research from MasterCard has revealed — a more than sixfold year-on-year growth and up from a 373% increase in the year to July 2014.

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News in brief

PayPal launches PayPal.Me

By Rian Boden • 1 September 2015, 15:23 • Last updated 1 September 2015, 15:23

PayPal has launched a P2P payment service in 18 countries that lets consumers request money by sharing a personal PayPal.Me link. “It’s a link you can personalise with your name,” PayPal’s Meron Colbeci writes in a blogpost. “Recipients click the link on any device, enter the amount, hit send. The money is quickly transferred into your PayPal account.”

India biometrics market to grow 35% by 2020

By Rian Boden • 1 September 2015, 15:15 • Last updated 1 September 2015, 15:15

India’s biometrics market is projected to grow at a compound annual growth rate (CAGR) of over 35% from 2015 through 2020, according to TechSci Research. “Fingerprint biometrics is the largest market segment in terms of revenue contribution, followed by iris and facial recognition,” the company says. “Voice recognition is the fastest growing segment on account of rising application in banking and integration in handheld devices.”

Ingenico joins WorldPay bidding war

By Rian Boden • 1 September 2015, 15:10 • Last updated 1 September 2015, 15:10

Point-of-sale terminal maker Ingenico has submitted a bid for UK-based payment processor WorldPay. “WorldPay is heading for a London stock market flotation in autumn that could value it at around £6bn (US$9.24bn), but has been targeted by several private equity and rival firms,” Reuters reports. The news follows a Bloomberg report last week that claimed Germany’s Wirecard has also joined the bidding.

Sony unveils Wena Wrist with NFC payments

By Rian Boden • 1 September 2015, 14:36 • Last updated 1 September 2015, 14:36

Sony is crowdfunding a new smartwatch called Wena Wrist that is equipped with NFC payments compatible with the Japanese Felica standard. If the campaign is successful, two different models of the smartwatch will be available in both silver and black.

Uber ‘to launch mobile wallet in India’

By Rian Boden • 1 September 2015, 14:31 • Last updated 1 September 2015, 14:31

Taxi service Uber is to introduce its own mobile payment wallet in India, Times of India reports. “At present, consumers can pay for Uber trips via Paytm wallet. It [Uber] recently tied up with Airtel Money to facilitate payments via the latter’s wallet. The latest plan is in line with the firm’s ambition to make India its second biggest market after the US.”

Samsung unveils Gear S2 with NFC

By Rian Boden • 1 September 2015, 14:23 • Last updated 1 September 2015, 14:23

Samsung has unveiled the Samsung Gear S2, its latest smartwatch which includes NFC for payments. “Samsung is working to expand the usability of wearables,” the company says, “including smart car keys, residential room keys and remote controls to manage a connected home.” The Gear S2 and Gear S2 Classic will be showcased at Tempodrum, Berlin this week.

Apple granted NFC and Touch ID patents

By Rian Boden • 1 September 2015, 14:18 • Last updated 1 September 2015, 14:18

Apple has been granted 45 patents relating to NFC, Touch ID and Apple Watch in the US, Patently Apple reports. An NFC element “may serve as an antenna for transmitting NFC signals to external equipment” such as NFC hearing aids, POS equipment and security card readers. The Touch ID patent details a system of scanning a fingerprint’s “flow angles” as they pass over the sensor.

Payments boost from contactless limit rise

By Rian Boden • 1 September 2015, 14:10 • Last updated 1 September 2015, 14:10

The UK contactless limit increase from £20 to £30 could enable an extra three million Visa contactless transactions a day, worth more than £70m, Visa Europe says. “Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase,” the payment network says. Contactless now accounts for one in 11 in-store Visa transactions, it adds.

Google Play adds Android Pay option

By Rian Boden • 1 September 2015, 13:09 • Last updated 1 September 2015, 13:09

A new update to the Google Play services app could let users select between Google Wallet and Android Pay under a ‘Tap and Pay’ option. “The only problem is this feature has to be turned on by Google before it becomes accessible,” Android Authority reports. Android Pay is expected to launch “soon”, according to a tweet from the official Android account.

UK contactless limit increases to £30

By Rian Boden • 1 September 2015, 12:52 • Last updated 1 September 2015, 12:52

The contactless spending limit of £20 (US$30) has risen to £30 (US$46) across the UK today. “Software will be rolled out across retailers who accept contactless payments from September 1,” The UK Cards Association says. “Once a terminal has updated, it will be able to process contactless transactions up to the new £30 limit.” The trades body has published guidance for retailers.

More news in brief...


September 1st, 2015

This week's news

  1. Singapore commuters trial wristband payments
  2. PayPal launches PayPal.Me
  3. India biometrics market to grow 35% by 2020
  4. Ingenico joins WorldPay bidding war
  5. Sony unveils Wena Wrist with NFC payments
  6. Uber ‘to launch mobile wallet in India’
  7. Samsung unveils Gear S2 with NFC
  8. Apple granted NFC and Touch ID patents
  9. Payments boost from contactless limit rise
  10. Brits spend £2.5bn with contactless in first half of 2015
  11. Google Play adds Android Pay option
  12. UK contactless limit increases to £30
  13. Join NFC World and Gemalto to learn how to develop a successful mobile payments roadmap
  14. Oxigen Wallet loyalty program partnership
  15. Half of Brits expect to replace cash with new technologies
  16. Wienerschnitzel launches mobile payment and loyalty app
  17. CaixaBank launches HCE mobile payments app
  18. PayAnywhere reader supports Apple Pay
  19. SumUp raises €10m in funding
  20. Google invites for Project Soli tests
  21. Cyber Group and Sensoro roll out beacons across Greater China
  22. $14.9bn biometrics market by 2024
  23. Samsung Pay opens US beta test
  24. UK contactless spending up 150% in last 12 months
  25. Coin unveils EMV-ready Coin 2.0 with NFC
  26. MCX adds offers and discounts to CurrentC mobile wallet
  27. Google says Android Pay is coming ‘soon’
  28. 620m biometric app downloads by 2020
  29. PREIT installs BLE beacons in US malls
  30. NFC chip market to rise 50.6%
  31. PayPal One Touch expansion
  32. UK consumers increase contactless spending 560% in 12 months
  33. Line Pay expands to Taiwan
  34. 80,000 cards added to Samsung Pay in Korea
 
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