Bank of America and PayPal partner to enable in-store payments and account linking — Bank of America — “Bank of America will partner with PayPal to tokenize Bank of America cards for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US. This will support PayPal’s forthcoming NFC mobile wallet experience to enable in-store tap-to-pay purchases and reflects Bank of America’s open wallet strategy.”
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TransferWise links with Apple Pay globally
TransferWise links with Apple Pay globally — Reuters — “The London-based money transfer company said on Thursday that it was joining with Apple Inc’s payments service in the US and a handful of other countries, following a similar move in the UK in 2015. This means users on Apple devices will no longer have to insert their payments card or bank account details to send money via TransferWise, but will be able to transfer funds through their Apple Pay account, speeding up the process.”
Report: Samsung Pay coming to third-party flagships in 2018
Report: Samsung Pay coming to third-party flagships in 2018 — Android Headlines — “The Samsung Pay mobile payments solution is currently in development for third-party devices, with the South Korean original equipment manufacturer currently planning to debut the service outside of its hardware ecosystem as early as next year, people familiar with the effort said on Thursday… The first non-Samsung device with support for Samsung Pay is set to be released around mid-2018, sources close to the company said.”
China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists
China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists — Reuters — “Baidu’s payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal merchants globally, the Chinese firm said in a statement on Thursday. ‘Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,’ said Baidu senior vice president Guang Zhu.”
Facial recognition technology to replace passports at Australian airports
Facial recognition technology to replace passports at Australian airports — ZDNet — “New technology will be rolled out at Australian airports that will eventually see the end of ‘known passengers’ producing their passports when arriving in the country. Minister for Immigration and Border Protection Peter Dutton said on Wednesday the new AU$22.5 million, three-year contract will initially see 105 new smartgates rolled out that will enable passengers to be processed using facial recognition.”
BBVA brings Android Pay to Spain
BBVA brings Android Pay to Spain — BBVA – “BBVA and Google today announced the launch of Android Pay in Spain. This payment system will allow BBVA customers to use their Visa and Mastercard cards in order to pay with their mobile phones. Android Pay will be operational in the more than one million businesses in Spain with contactless technology.”
Moneris study reveals 36% contactless payment increase in Canada
Moneris study reveals 36% contactless payment increase in Canada — MobileSyrup – “Moneris unveiled a 36.29% year-over-year gain, possibly due to Android Pay recently launching in Canada, and with little more than a year since Apple Pay’s full Canadian release… Within the next five and a half months Moneris predicts that 50% of all Canadian transactions will be contactless.”
Tech company workers agree to have microchips implanted in their hands
Tech company workers agree to have microchips implanted in their hands — ABC News – “Some workers at a company in Wisconsin will soon be getting microchips in order to enter the office, log into computers and even buy a snack or two with just a swipe of a hand… Three Square Market is footing the bill for the microchips, which cost US$300 each, and licensed piercers will be handling the implantations on August 1.”
Tap-and-go kills the cash cow
Tap-and-go kills the cash cow — Sydney Morning Herald – “Australia has become a nation of tappers, with official figures showing that the card has finally overtaken cash as our most-frequently-used payment method… The Reserve Bank attributes that to several factors, including the widespread rollout of tap-and-go Eftpos functionality. Around one-third of all point-of-sale payments are now made using tap-and-go.”
Federal Reserve plans to endorse a faster payment system
Federal Reserve plans to endorse a faster payment system — Reuters — “The Federal Reserve on Monday said payments and money transfers should eventually be available in real time… Officials expect to outline next steps in the weeks ahead, Fed governor Jerome Powell said.”
Carrier billing for Apple services spreads to Denmark, Hong Kong, Sweden
Carrier billing for Apple services spreads to Denmark, Hong Kong, Sweden — AppleInsider — “The addition of Denmark, Hong Kong, and Sweden bring the total list of countries supporting carrier billing up to 17, across 29 mobile phone networks. The list of countries does include some major first-world nations, including France, Germany, Italy, and Japan, but the United States, Canada, and the United Kingdom are notably still absent from the list, among others.”
TD Canada for iOS now lets you easily add TD cards to Apple Pay
TD Canada for iOS now lets you easily add TD cards to Apple Pay — iPhone in Canada – “TD Canada for iOS has been updated to make it easier to add your TD cards to Apple Pay… This update will assist new Apple Pay users to easily adopt the mobile wallet, as all they have to do is verify their TD cards within the bank’s iOS app, instead of scanning or manually entering numbers within Apple Wallet.”
TSB to roll out iris scanning tech
TSB to roll out iris scanning tech — BBC News — “Imagine logging onto your bank account just by glancing at your phone. That’s what some TSB customers will be able to do from September when the bank introduces iris recognition to its mobile banking app… Customers will need the latest Samsung Galaxy S8 to use the new way of accessing their TSB accounts.”
Wells Fargo wants its ‘Control Tower’ to manage your digital financial life
Wells Fargo wants its ‘Control Tower’ to manage your digital financial life — Fortune — “Control Tower will allow Wells Fargo customers to track every place they’ve shared their payment information, whether it be via a device, mobile wallet, or online retailer… If their card expires or is re-issued, consumers can simply push the data for the new card out to retailers and mobile wallets through the Wells Fargo app.”
Mastercard expands QR payments choice
Mastercard expands QR payments choice — Mastercard — “Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants under a common set of global specifications… The company’s consumer-presented solution will allow the merchant to scan a QR code from a smartphone and process the payment through the Mastercard network. It will leverage M/Chip technology to provide a secure way to pay based on EMV infrastructure.”
Amazon Pay Places lets you pay for real-world shopping using your Amazon info
Amazon Pay Places lets you pay for real-world shopping using your Amazon info — Techcrunch — “Amazon is today introducing a new feature called Amazon Pay Places, that allows customers to pay for in-store and order ahead shopping experiences using their Amazon app… Instead of using cash, check, credit or debit while shopping out in the real world, you can just use your Amazon account information. The first implementation of Pay Places involves a partnership with the TGI Friday’s restaurant chain.”
EMVCo standardizes QR codes for mobile payments
Payments standards body EMVCo has published “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode”, a technical specification that marks the organization’s first move into standardizing the use of QR codes for mobile payments... More
Mahindra Comviva expands payment options for merchants in India
PARTNER NEWS: Mahindra Comviva has enhanced its PayPlus mobile POS solution to enable Indian merchants to accept payments via Aadhaar, Bharat QR, UPI, card and mobile wallets through a single interface... More
TfL makes it easier to top up Oyster cards while on the go
TfL makes it easier to top up Oyster cards while on the go — Transport for London — “Next month, the new TfL app will launch, allowing customers to top up their Oyster card with pay-as-you-go credit and buy Travelcards wherever they are… It will also allow customers to check how much credit they have on their Oyster card and also provide, for the first time, a ‘low balance’ alert direct on their mobile to help customers ensure they have enough pay-as-you-go credit before they travel.”
Visa and PayPal extend partnership to Europe
Visa and PayPal extend partnership to Europe — Visa — “The European partnership agreement makes it easier for financial institutions to offer their Visa account holders the ability to checkout anywhere PayPal is accepted online… It will also expand the acceptance of PayPal by European businesses that accept Visa in physical locations, providing growth opportunities for Visa, PayPal and their customers.”