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Archive: News in brief

One billion people make use of mobile banking

October 13th, 2015

More than 1bn mobile phone users will have used their devices for banking purposes by the end of this year, Juniper Research predicts. “This global user base is forecast to reach 2bn by 2020, by which time it will represent 37% of the global adult population,” the researchers add.

LG to launch mobile payments service?

October 13th, 2015

LG has reportedly filed trademarks for ‘LG G Pay’ and ‘G Pay’ in South Korea, suggesting that the handset maker could be looking at launching its own mobile payment service. “According to IT industry and financial industry, LG Electronics just finished applying for trademark of G Pay in the US at the end of September after it did so in South Korea,” ETNews reports.

Calgary to get mobile ticketing app?

October 13th, 2015

Commuters in the Canadian city of Calgary could soon pay for city services using their smartphones. “A Request for Proposals issued last month indicates the city is looking at launching an eTicketing app that would give customers the ability to purchase passes on the go,” Calgary Herald reports. “The app could also potentially allow residents to purchase mobile tickets for city services like swimming at recreation facilities.”

Wincor Nixdorf to launch NFC ATMs

October 12th, 2015

ATM manufacturer Wincor Nixdorf is launching an ATM that will allow customers to withdraw cash using an NFC smartphone or contactless card, or by scanning a QR code. “Smartphone users can initiate cash withdrawals via an app that features the branding of the bank they use,” the company says. “When cash is withdrawn using an NFC card, bank customers enter their PINs using a special encrypting touch sensor.”

Packaging Digest gets NFC cover

October 12th, 2015

Readers of Packaging Digest magazine’s current print issue have the chance to win prizes by tapping their phone against an NFC-enabled cover produced by Cellotape Smart Products, Smartrac and Thinaire. “The NFC Challenge will continue to poll and survey readers and curious onlookers through the end of October and offers prizes as an incentive to participate,” Cellotape says.

Singapore taxis add MasterPass mobile payments

October 12th, 2015

Passengers who book one of 17,000 ComfortDelGro taxis in Singapore can now pay their fare using their mobile phone and MasterCard’s MasterPass. “Once a MasterPass wallet is successfully created, they can go to the ComfortDelGro taxi booking app, where they select Connect with MasterPass to pair up their MasterPass account with the taxi booking app for payment of taxi bookings,” the firm says.

Optus expands NFC payments to prepaid customers

October 9th, 2015

Australian carrier Optus has made its NFC mobile payment service available to prepaid customers, following its launch to postpaid customers in November 2014. “Simply download the Cash by Optus app or go online to order your Cash by Optus SIM,” the carrier says. “When you receive your SIM, simply pop it in your smartphone. Just load money onto your Cash by Optus facility and you’re ready to make secure payments.”

ICICI Bank launches mVisa mobile payments

October 9th, 2015

ICICI Bank has become the first Indian bank to launch a mobile payment service based on Visa’s mVisa solution, which was unveiled in August 2015. “With this service, users of Pockets can make cashless payment from their smartphones using their debit card by simply scanning an mVisa QR code at a merchant location,” the bank says.

Barclays to support Apple Pay from early 2016?

October 9th, 2015

An email exchange between a Barclays customer and the bank’s CEO of retail banking in the UK has revealed that Barclays will support Apple Pay next year. “We have signed up for Apple Pay and will launch it very early in the New Year,” Ashok Vaswani said in an email reply. Barclays was a notable absence from the list of supporting banks when the mobile payment service launched in the UK in July 2015.

Starbucks, KFC and Chili’s to support Apple Pay

October 9th, 2015

Coffee chain Starbucks is to begin accepting Apple Pay across all its 7,500 US stores. “They’re starting an Apple Pay pilot by the end of this year in a number of their stores and have committed more broadly to rolling out Apple Pay throughout 2016,” Jennifer Bailey, head of Apple Pay, said during the Code/Mobile event. Fast food retailers KFC and Chili’s will also begin accepting the service next year.

Tangerine tests facial recognition

October 8th, 2015

Scotiabank-owned direct bank Tangerine is reportedly experimenting with facial recognition technology on mobile devices. “The bank was the first in Canada to allow check deposits by taking photos with mobile phones in 2013 and to use fingerprint scanning and voice-enabled banking,” Bloomberg reports. “Tangerine is now delving deeper into such biometric technology to improve customer experience and security.”

Seqr offers refer-a-friend rewards

October 8th, 2015

Swedish firm Seamless has begun rewarding users of its Seqr mobile payment solution when they recommend friends and family. “All recommendations that result in a new active Seqr customer quality for the 25 Sek (US$3) cashback reward which is paid on a monthly basis,” the company says. Seamless also began offering up to 3% cashback on Seqr purchases in March 2015.

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.”

Starbucks Canada to add Mobile Order & Pay

October 7th, 2015

Starbucks will launch its Mobile Order & Pay service in approximately 300 company-owned stores in the Greater Toronto Area of Canada on October 13. “Starbucks plans to expand Mobile Order & Pay to other select Canadian cities in 2016,” the coffee chain says. The announcement follows the service’s expansion to all US locations in September 2015 and its UK launch earlier this month.

Microsoft adds Windows Hello to new devices

October 7th, 2015

Microsoft has added its Windows Hello biometric authentication solution to its Lumia 950 and Lumia 950 XL devices, launched at a press event in New York this week. “Windows Hello Beta is an incredibly personal and secure way to unlock your Lumia 950/950 XL — simply wake up your device, look directly at the screen and our infrared camera technology automatically authenticates you,” Microsoft says.

Verizon agrees to support Samsung Pay

October 7th, 2015

US mobile network operator Verizon Wireless has confirmed it will be adding support for Samsung Pay. “Samsung Pay will be supported on compatible Verizon smartphones — Galaxy S6, S6 Edge, Note 5, S6 Edge+ — through a future software update,” the carrier said in a tweet. Verizon was a notable absence from the list of companies supporting Samsung Pay when the mobile payment service launched in the US last month.

Aramark and Tapingo take mobile payments to 25 US universities

October 6th, 2015

Foodservice, facilities and clothing provider Aramark has partnered with US mobile commerce app provider Tapingo to enable university students and staff to order food from participating locations and pay directly from their mobile device using their student card, credit card or PayPal. “Tapingo and Aramark will roll out the service at more than 25 universities during the program’s initial phase,” Tapingo says.

Vein recognition market to grow 27% a year

October 6th, 2015

The global vein recognition biometrics market in the banking, financial services and insurance (BFSI) sector is set to grow at a compound annual growth rate (CAGR) of 27.83% from 2014-2019, research firm Technavio predicts. “Vein recognition biometrics is gaining importance in the BFSI sector for applications such as logical access control, physical access control, mobile banking, branch banking, kiosks, ATM and safe deposit locker,” the company adds.

DART to implement NFC fare payment system

October 6th, 2015

Commuters using public transport services provided by Dallas Area Rapid Transit (DART) will soon be able to pay for travel using NFC smartphones, third-party or agency-issued transit cards and EMV contactless cards. The company has signed an estimated US$30million five-year contract with smart ticketing and payment solutions provider Vix Technology to implement the new fare payment system which will also support services including Apple Pay and Android Pay.

226bn transactions to be secured with biometrics by 2020

October 5th, 2015

Some 226bn transactions worth a total of more than US$5.6trillion will be secured using biometric technology by 2020, research from Goode Intelligence predicts. “Payments are the main driving force for the wide-scale adoption of biometrics in the consumer market,” the company says. “Mobile payments are a major driver with the need for authentication speed creating demand for a frictionless user experience that biometrics can meet.”

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