Friday 27 November 2015 | RSS


    Author archive: Sarah Clark

    Follow Sarah on Google+

    SBI to launch feature phone wallet

    November 16th, 2015

    State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports. “The bank is also planning to launch another version of Batua for very basic phones which does not offer internet access and does not entail downloading any app.” SBI is one of six banks currently testing a mobile payments service developed by Visa in Bangalore.

    US consumers vote for banks to keep payments safe

    October 30th, 2015

    An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found. 4% most trust alternative payment providers such as PayPal and Venmo while only 1% most trust major retailers or telecom companies. 6% of US consumers have used a mobile app to make a payment, the survey found, with PayPal most popular (45%) followed by Apple Pay (42%) and Google Wallet (11%).

    Alipay to offer QR payments in Taiwan

    October 29th, 2015

    Alipay is to work with E. Sun Commercial Bank to launch a QR-based mobile payment service in Taiwan, Xinhau reports. “More than 3,000 convenience stores, shopping malls and other shops frequented by mainland tourists will offer the payment service” by the end of 2015.

    MCX expands CurrentC pilot

    October 29th, 2015

    US retailer-led mobile wallet consortium MCX, which announced a deal earlier this week to support JP Morgan Chase’s new Chase Pay service, is expanding its Columbus, Ohio pilot to include 200 stores operated by “12 large retailers”. “MCX may expand the test gradually to other states in the first quarter of next year,” CEO Brian Mooney has told Reuters. “Customers who have used the product are using it more than once a week,” Mooney said.

    Apple Pay to launch in Australia, Canada, Spain, Hong Kong and Singapore

    October 27th, 2015

    Apple Pay is to go live in Australia and Canada this year and in Spain, Singapore and Hong Kong in 2016, Apple CEO Tim Cook has revealed during the iPhone maker’s latest earnings call. American… More

    Samsung Pay adds US card issuers and reports on consumer adoption

    October 27th, 2015

    US payment network Discover, gift card provider Blackhawk Network and fourteen financial institutions are to add support for Samsung Pay in the coming months, Samsung has announced, and consumers that are using the service have made an average of eight transactions since its launch four weeks ago. More

    Americans to spend $27bn via mobile payments in stores in 2016

    October 26th, 2015

    The total value of mobile payment transactions in the US will grow 210% in 2016 and nearly one in five smartphone users will make a mobile payment in a store next year, eMarketer’s latest proximity mobile payments forecast predicts. More

    One million Koreans sign up for Samsung Pay

    October 26th, 2015

    The number of Koreans using Samsung Pay has doubled in the last month to one million and 100,000 payments are now being made using the service every day, Business Korea reports. “Cumulative payments exceeded 100 billion won (US$88 million). Likewise, daily average payments increased from approximately 800 million won (US$705,192) to over 2 billion won (US$1.8 million) between the early stage of the service and recent days.”

    Four in ten Apple Pay users make a mobile payment once a week

    October 26th, 2015

    More than seventy million US consumers (71.5m) have now made a mobile payment in a store or online, up from 61m in 2014, research by Mercator Advisory Group has found. Overall, 42% of all smartphone owners have made a mobile payment and half of those do so at least once a week. More

    Poynt raises $28m for smart POS terminal

    October 23rd, 2015

    Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device. Poynt Smart Terminals will run the PoyntOS open platform and include support for third party apps as well as mag stripe, EMV, NFC, QR and Bluetooth beacon transactions.

    Ugo reports 100,000 NFC wallet users

    October 23rd, 2015

    Canadian open NFC mobile wallet provider Ugo Wallet has signed up more than 100,000 users since its launch in November 2014, up from 50,000 in August 2015. Customers have uploaded a total of over 250,000 cards to their Ugo wallets, the company says.

    NYT reports on LoopPay breach

    October 7th, 2015

    A hacking group affiliated with the Chinese government penetrated the corporate network of LoopPay, the inventor of the Magnetic Secure Transmission (MST) technology that was acquired in February 2015 to form a core part of Samsung Pay, the New York Times reports. “Both LoopPay and Samsung executives said they were confident that they had removed infected machines, and that customer payment information and personal devices were not affected.”

    NFC Forum adds support for Type V tags

    June 17th, 2015

    The NFC Forum has released a new candidate specification that extends the functionality of NFC devices to include formal support for a new category of NFC tag. NCI 2.0 also enables tag data stored on… More

    Apple Pay adds loyalty cards and expands to UK

    June 8th, 2015

    Apple Pay will be available in the UK from July 2015, vice president of Apple Pay business Jennifer Bailey has announced at the iPhone maker’s Worldwide Developers Conference (WWDC). Users of the mobile payments service will also be able to add store credit, debit and loyalty cards to their Apple mobile wallet from “this fall”. More

    Android Pay to support offers and rewards

    May 28th, 2015

    At “select retailers”, Android Pay will include support for loyalty programs and special offers to be automatically applied at checkout, Google’s Pali Bhat explains in a blog post. “For example, when you tap to buy a Coke at a vending machine, your MyCokeRewards will be automatically applied. With Android Pay the contactless terminal not only receives your payment info, but also your loyalty programs and offers.”

    Google unveils Android Pay

    May 28th, 2015

    Google is to introduce a new NFC mobile payments platform called Android Pay with the release of Android M later this year, vice president of engineering Dave Burke has revealed during the Google I/O 2015 keynote. More

    New Zealand NFC wallet venture Semble goes live

    March 31st, 2015

    Close to one million New Zealanders now have the ability to make NFC payments with the nationwide launch of Semble, a SIM-based mobile wallet introduced by two New Zealand banks, three carriers and payments network… More

    Microsoft says Hello to biometric security

    March 18th, 2015

    Windows 10 users will be able to use biometric technology to secure access to their devices, Microsoft has announced. Windows Hello will support face, iris and fingerprint verification and will ship with the new edition… More

    Alibaba boss demonstrates selfie payments

    March 16th, 2015

    Alibaba founder and executive chairman Jack Ma has demonstrated a prototype biometric verification service that could enable a payment to be authorized by simply capturing an image of a mobile phone user’s face. More

    Halifax checks pulse of biometric wristband

    March 13th, 2015

    UK bank Halifax is investigating how Bionym’s Nymi Band, a device that uses the wearer’s unique cardiac rhythm to authenticate their identity, could be used to reduce the need for customers to remember their passwords. A version of Nymi that incorporates NFC technology is currently on trial with a number of Canadian banks.

    Page 1 of 10212345...102030...Last »