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    26 July 2016 • By Rian Boden • Last updated 26 July 2016, 14:10

    Mobile-only bank goes live in Germany

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    Mobile network operator Telefónica Deutschland has launched a mobile-only bank in partnership with Fidor Bank in Germany. The service will allow peer-to-peer (P2P) transactions to be made using mobile phone numbers and will come with a Mastercard debit card for in-store and ATM transactions.

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    26 July 2016 • By Rian Boden • Last updated 26 July 2016, 13:00

    LTA signs up Mastercard for account-based contactless ticketing in Singapore

    Singapore’s Land Transport Authority (LTA) has signed a partnership agreement with Mastercard to begin piloting a new account-based ticketing system that will let commuters pay for their train and bus journeys using their existing contactless debit and credit cards.

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    NFC

    25 July 2016 • By Rian Boden • Last updated 25 July 2016, 12:32

    PayPal to roll out NFC mobile payments across the US through Visa deal

    US consumers will soon be able to make NFC mobile payments using their PayPal mobile wallet at all physical locations across the country that currently accept Visa contactless transactions.

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    NFC

    22 July 2016 • By Rian Boden • Last updated 22 July 2016, 13:02

    White paper advises banks on launching Android-based mobile payment services

    A 16-page white paper designed to help banks make informed decisions about bringing an Android-based mobile payments service to market is now available to download from the NFC World Knowledge Centre.

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    QR

    21 July 2016 • By Rian Boden • Last updated 21 July 2016, 12:52

    Motorists rewarded for mobile payments at the pump

    Motorists using the GC Express gas station in Caro, Michigan, are being offered a free coffee or drink whenever they pay for fuel purchases of US$10 or more with Team One Credit Union’s mobile banking app.

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    NFC

    20 July 2016 • By Rian Boden • Last updated 20 July 2016, 14:54

    More than half of Irish consumers now using contactless

    More than half of Irish debit and credit card owners (54%) are using contactless payments when purchasing goods and services, research released by payment technology provider BOI Payment Acceptance (BOIPA) reveals, with the average contactless payment standing at €11.33.

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    Partner news

    20 July 2016 • By Rian Boden • Last updated 20 July 2016, 14:12

    Marseille gets SMS payments for on-street parking

    PARTNER NEWS: Motorists in Marseille, France, will soon be able to pay for the time spent in a parking bay by sending an SMS when they enter and another one when they leave, charging the payment to their mobile phone bill.

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    NFC

    20 July 2016 • By Rian Boden • Last updated 20 July 2016, 11:41

    Apple Pay launches in Hong Kong

    Apple Pay has launched in Hong Kong with support from Mastercard, Visa and American Express. Participating banks include Bank of China (Hong Kong), DBS, Hang Seng Bank, HSBC and Standard Chartered, with support from The Bank of East Asia (BEA) and Tap&Go “coming soon”.

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    19 July 2016 • By Rian Boden • Last updated 19 July 2016, 15:24

    Valassis enables personalised offers through TV and radio ads

    Consumers can now automatically receive personalised offers on their mobile devices as they watch television or listen to the radio and save them to third party mobile wallets through a new solution launched by intelligent media provider Valassis.

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    19 July 2016 • By Rian Boden • Last updated 19 July 2016, 14:44

    Alibaba unveils connected car with Alipay mobile payments

    Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform.

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    News in brief

    Americans expect cashless society in their lifetime

    By Rian Boden • 26 July 2016, 14:51 • Last updated 26 July 2016, 14:51

    Almost two thirds of US consumers (62%) expect the country to become a cashless society in their lifetime, research released by Gallup reveals. “Solid majorities in all age groups say they can foresee a US society without cash, including 58% of those 65 and older and 63% of 18-to-29 year olds,” the firm says. “54% still say they like to have cash on them at all times. 42% say they are comfortable not having cash on them.”

    Absa Bank comes to Facebook Messenger

    By Rian Boden • 26 July 2016, 14:33 • Last updated 26 July 2016, 14:33

    Customers of Africa’s Absa Bank can now conduct banking transactions through Facebook Messenger using the bank’s ChatBanking feature. The service will allow customers to retrieve balances, buy airtime or data for their mobile phone, view statements, buy prepaid electricity and make money transfers. “In a one-time only process, Absa customers who are registered for Absa Online and have access to the Express tab can register for ChatBanking for Facebook Messenger,” Absa says. The feature was made available in May 2016 through Twitter.

    BBA reports UK contactless increase

    By Rian Boden • 26 July 2016, 12:28 • Last updated 26 July 2016, 12:28

    The annual use of contactless cards across the UK has risen 250%, with £1.1bn spent in March 2016 alone, research released by the British Bankers Association (BBA) reveals. “Banks issued 15m cards with contactless technology in 2015, up 54% on the year before,” the trade association says. UK consumers are now also using mobile banking apps more than 7,610 times a minute or 4bn times a year.

    Mastercard planning to become a PSP in China

    By Rian Boden • 25 July 2016, 13:36 • Last updated 25 July 2016, 13:36

    Mastercard is planning to apply to become a payment service provider (PSP) in China this year but is still deciding whether to do so alone or with a partner, according to Reuters. “China in June allowed foreign payment card companies to operate in the country under new rules,” the publication reports. “Under the rules, China’s national security and cyber security standards must be met. Applicants must also hold 1 billion yuan (US$150m) in registered capital in a local company.”

    PBOC working to regulate QR code mobile payments in China

    By Rian Boden • 25 July 2016, 13:16 • Last updated 25 July 2016, 13:16

    People’s Bank of China (PBOC) is working to create a system for regulating QR code mobile payments in the country, after it suspended QR code-based services run by third-party payment providers in March 2014. “Payment providers including Alipay and Tenpay, along with a number of commercial banks, have continued marketing their QR code payment services,” Caixin reports. “A source close to the central bank said that the 2014 ban was put in place because there were no rules or standards for third party QR code payment services.” PBOC also moved to open up Chinese mobile payment services in August 2015.

    Scotiabank gives Apple Pay users 10% cashback

    By Rian Boden • 25 July 2016, 12:53 • Last updated 25 July 2016, 12:53

    Canada’s Scotiabank is offering its customers a 10% cashback on everyday purchases of up to US$20 whenever the payment is made using Apple Pay. “This offer is available to our first 50,000 customers who make Apple Pay purchases,” an email sent to a Red Flag Deals forum member reveals. The promotion will run until the end of September 2016. Scotiabank began supporting Apple Pay in June this year.

    Mastercard takes majority stake in VocaLink

    By Rian Boden • 21 July 2016, 14:47 • Last updated 21 July 2016, 14:47

    Mastercard has entered into a definitive agreement to acquire 92.4% of UK payments infrastructure operator VocaLink for approximately £700m (US$920m). “Under the agreement, a majority of VocaLink’s shareholders will retain 7.6% ownership for at least three years,” Mastercard says. “This acquisition accelerates Mastercard’s efforts to be an active participant in all types of electronic payments and payment flows and to enhance its services for the benefit of customers and partners.”

    Visa reports EMV uptake in the US

    By Rian Boden • 21 July 2016, 13:23 • Last updated 21 July 2016, 13:23

    There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported. “The US added more than 100,000 chip-enabled merchant locations in June, bringing the total to 1.3m, or about 28% of the total merchant population,” the payment network says. “More than three-quarters of those chip-ready locations are small and medium-sized businesses. In June, one in four dollars spent in-store on a Visa card was spent with a chip card in a chip terminal.” The number of Visa chip payment transactions hit 483m in June.

    Apple Pay adds 13 US banks

    By Rian Boden • 20 July 2016, 13:48 • Last updated 20 July 2016, 13:48

    Apple has added a further 13 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “The system now supports over 1,200 individual banks and credit unions in the US alone,” iMore reports. “This is in addition to the more than 30 financial institutions supported across Australia, Canada, China, Singapore and the UK.” The mobile payment service launched in France earlier this week as well as in Hong Kong.

    Square preparing for European launch

    By Rian Boden • 20 July 2016, 12:27 • Last updated 20 July 2016, 12:27

    Mobile POS provider Square has incorporated a business called Squareup Europe in the UK, suggesting that the company could be setting itself up for its first European launch. “Squareup Europe has permission to provide payment services such as transactions with or without credit lines in Britain,” Reuters reports. “Square began beta testing of its payments system in London last month to prepare for an initial launch in Britain.”

    More news in brief...


    July 27th, 2016

    This week's news

    1. Americans expect cashless society in their lifetime
    2. Absa Bank comes to Facebook Messenger
    3. Mobile-only bank goes live in Germany
    4. LTA signs up Mastercard for account-based contactless ticketing in Singapore
    5. BBA reports UK contactless increase
    6. Mastercard planning to become a PSP in China
    7. PBOC working to regulate QR code mobile payments in China
    8. Scotiabank gives Apple Pay users 10% cashback
    9. PayPal to roll out NFC mobile payments across the US through Visa deal
    10. White paper advises banks on launching Android-based mobile payment services
    11. Mastercard takes majority stake in VocaLink
    12. Visa reports EMV uptake in the US
    13. Motorists rewarded for mobile payments at the pump
    14. More than half of Irish consumers now using contactless
    15. Marseille gets SMS payments for on-street parking
    16. Apple Pay adds 13 US banks
    17. Square preparing for European launch
    18. Apple promotes Apple Pay with iTunes gift cards
    19. Samsung Pay prepping rewards programme
    20. Apple Pay launches in Hong Kong
     
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