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Author archive: Sarah Clark

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Android Pay to use fingerprint security

November 27th, 2014

Android Pay, the mobile payments service being developed by China UnionPay, will use both NFC and fingerprint verification, Want China Times reports. “Android Pay adopts a similar model to Apple’s Apple Pay,” the report explains. “The difference is that there are more partners UnionPay can choose to produce the security recognition modules with and thus UnionPay may have greater influences on users than Apple Pay.”

CUP moves to block Alipay

November 17th, 2014

China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.

Google exits digital goods payments

November 17th, 2014

Google is to “retire” its Google Wallet for digital goods API and has told merchants who currently let customers pay for digital goods via Google Wallet on their websites that they will need to remove API calls to the service by 2 March 2015. Those who exclusively use Google “will need to transition to an alternate solution”, the company says. Support will continue for both in-app payments and apps sold via the Google Play store, Google adds.

MasterCard and Visa to create new security standard to replace passwords for online payments

November 13th, 2014

MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range… More

Kili acquires NFC microSD pioneer DeviceFidelity

November 12th, 2014

NFC-on-microSD pioneer DeviceFidelity has been acquired by Kili Technology, a payments processing solution provider which launched an mPOS “solution-on-a-chip” range last month. DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain… More

SimplyTapp raises US$6m to grow HCE

November 12th, 2014

PARTNER NEWS: Host card emulation (HCE) specialist SimplyTapp has closed a US$6m Series B funding round. The round was led by a new, undisclosed lead investor with both Lightspeed Venture Partners and Blue Sky Capital… More

Eurosmart forecasts 600m NFC SEs in 2015

November 5th, 2014

A total of 8bn secure elements will be shipped this year, with SIM cards accounting for 5.1bn of the total, according to new statistics released by smart security industry association Eurosmart, with the total rising to 12bn in 2020. NFC-enabled SIM cards and embedded secure elements will account for 350m of the total in 2014 and that number will almost double to 600m in 2015, Eurosmart adds.

Google Wallet gets automatic top-ups

November 4th, 2014

An new version of Google Wallet, now available for Android and iOS devices, offers additional ways to add money to a user’s account balance. “With the latest version of Google Wallet you’ll be able to add money automatically to your wallet balance and set up low balance alerts, so that you’ll always have money in your wallet balance when you need it,” product manager Andrew Waterman says.

MCX to open up “in months”

November 4th, 2014

The exclusivity rule that prevents members of MCX from accepting other mobile payments services in their stores will expire in “months, not years,” CEO Dekkers Davidson has told Re/Code. Davidson also “flatly denied that MCX had ordered CVS to turn off Apple Pay,” the report adds.

Apple Pay contract leaked

November 4th, 2014

The full 19-page contract that banks wishing to offer Apple Pay to their cardholders must sign in order to take part has been leaked to Digital Transactions. Among the fees and obligations set out in the contract banks agree to make at least 95% of their network-branded cards available to the wallet, to submit in-depth accounting reports twice a year and to pay a 0.15% commission to Apple. The contract also reveals that fees due to Apple will be collected on the iPhone maker’s behalf by Visa and MasterCard.

Apple Pay arrives at more US banks

November 3rd, 2014

A second wave of banks are now going live with their Apple Pay deployments, MacRumours reports, with customers of US Bank, PNC Bank, USAA, Navy Federal Credit Union, Barclaycard, M&T Bank, Regions Bank, Renasant Bank, Keesler Federal Credit Union and Zions Bank all reporting that they are now able to use the NFC mobile payments service.

MCX prepares to open its wallet to NFC and bank cards

October 31st, 2014

MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson… More

MCX retailers turn off NFC payments

October 27th, 2014

US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay. More

Apple builds NFC tech into iPad Air 2

October 23rd, 2014

A teardown of the iPad Air 2 by iFixit has found that Apple has included an NXP 65V10 NFC module in the new tablet. The part is the same used to provide NFC functionality in the iPhone 6 and 6 Plus and its inclusion is a surprise as no mention of any NFC capability was made when the iPad Air 2 was announced last week.

Singtel charges Angry Birds toys to buyers phone bills

October 21st, 2014

Singapore carrier Singtel is taking carrier billing into the physical goods world with a pilot test of a service that lets customers order Angry Birds plush toys for delivery to their home address and charge… More

Starbucks to offer mobile ordering and payments across US in 2015

October 20th, 2014

Starbucks customers in Portland are to be the first in the US to be able to order and pay for their coffee ahead of arrival and the service will be rolled out across the country… More

MasterCard backs Zwipe fingerprint payment card

October 20th, 2014

MasterCard has partnered with Zwipe, maker of a contactless payment card that includes an integrated fingerprint biometric sensor, for the commercial launch of the technology following a pilot with Norway’s Sparebanken DIN. More

Visa details Apple Pay setup process

October 17th, 2014

iPhone 6 and 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to use Apple Pay in stores from launch on 20 October, Visa says. More

Apple builds SIM into iPad Air 2

October 17th, 2014

Buyers of the iPad Air 2 will be the first to use a new Apple SIM that comes preinstalled in the Wi-Fi+Cellular version of the tablet and looks set to be the first implementation of a “SIM Within” patent published in November 2011. More

Alipay expands to USA

October 15th, 2014

Chinese online payments giant Alipay is offering US merchants the ability to accept payments from Chinese shoppers via a new service called ePass. The service lets retailers add Alipay as a checkout option and includes access to a “fast, reasonably priced” door-to-door shipping service. “Alipay ePass makes it simple for Western brands and retailers to profitably access the world’s largest ecommerce market,” the company says.

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