Belgium’s KBC Bank has tweeted that it will be adding support for Apple Pay as early as this summer in response to a customer’s question about whether the financial institution would ever support for the mobile payment service... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Postbank begins HCE pilot in Germany with Worldline
Employees of Germany’s Postbank have begun piloting a mobile payment service based on host card emulation (HCE) that makes use of tokenization to allow NFC payments to be made at any Visa payWave terminal. More
Express rolls out support for Apple Pay
Clothing retailer Express has begun accepting Apple Pay across its stores in the US... More
Sekur.me brings Apple Pay online
Online authentication provider Sekur.me has made it possible for merchants to accept Apple Pay for online payments for the first time, via a Universal Buy Button that works with a wide range of platforms and gateways, browsers and on both Android and iOS devices... More
Visa Checkout reports 4m customers and 125,000 merchants
More than four million customers have now signed up for Visa Checkout since its launch in July last year, and more than 125,000 merchants are now accepting the online checkout service along with 260 financial institutions globally. More
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iZettle adds support for NFC and contactless payments
Sweden-based mPOS provider iZettle has begun distributing a contactless-enabled terminal to select partners in the UK that will allow them to begin accepting NFC mobile payments, as well as contactless and chip and pin transactions... More
MasterCard launches P2P payments service
MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account... More
US to get same day ACH payments
Members of the Electronics Payments Association (NACHA) have approved Same Day ACH (Automated Clearing House), an amendment to the NACHA Operating Rules that will enable same-day money transfer for “virtually any” ACH transaction... More
Apple Pay now live at nearly 300 banks and credit unions
Apple has added a further 35 financial institutions in the United States to its list of participating banks and credit unions, taking the total number of card issuers it works with to nearly 300... More
Icahn: Apple Pay to generate US$3.3bn in revenues in 2017
Apple Pay will generate revenues of US$263m this year and that figure will increase to $3.3bn by the end of 2017, billionaire investor Carl Icahn has forecast. In an open letter to Apple CEO Tim Cook, he also states that the company is “undervalued” and that now is the “time for a much larger buyback”. More
US millennials lead the way for mobile payments
Some 41% of US millennials aged between 18 and 34 are now using mobile payments, compared to 18% of 35- to 44-year-olds, 14% of 45- to 54-year-olds, 10% of 55- to 64-year-olds and 8% of those aged over 65, research from POS supplier Harbortouch has revealed... More
Starbucks denies mobile payment hack
Starbucks has issued a statement denying its mobile payment app has been hacked, following a report by investigative journalist Bob Sullivan... More
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Axis to make 50,000 terminals contactless in India
India’s Axis Bank is to enable all of its 50,000 merchant point-of-sale terminals to accept contactless payments by the end of this year in order to “facilitate significant usage of contactless NFC-based cards issued by all banks”... More
Apple in buy out talks with Clinkle?
Apple has reportedly been in acquisition talks with troubled mobile payments startup Clinkle amidst claims that seven of the company’s staff quit their roles last week following frustration with CEO Lucas Duplan... More
Trader Joe’s gears up for Apple Pay
US grocery chain Trader Joe’s is reportedly gearing up to begin accepting Apple Pay NFC payments in its stores... More
Samsung Wallet to close on June 30th
Samsung is to discontinue its Samsung Wallet service on 30 June 2015 as it gears up to roll out Samsung Pay later in the year... More
Samsung picks Oberthur for mobile payments in Europe
Samsung has chosen Oberthur Technologies for the deployment of Samsung Pay mobile payments in Europe later this year, utilising the technology provider’s Pearl secure element embedded in Samsung S6 and S6 Edge devices. More
India gets PIN-free contactless payments
Contactless users in India can make payments of up to Rs2,000 (US$31) without using a PIN, following the Reserve Bank of India’s relaxation of its requirement for two-factor authentication... More
US mobile payments to hit $487bn
US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”... More
UK contactless payments up 150%
The number of contactless transactions in the UK has risen 150% in the last six months, with the average transaction now valued at £7.24, payments processor Worldpay has revealed... More