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Archive: News in brief

Oxigen Wallet loyalty program partnership

August 28th, 2015

Indian mobile wallet provider Oxigen Wallet has partnered with loyalty program provider PayBack to allow customers to earn PayBack points and redeem them as cash, to make online and bill payments. As well as payments, Oxigen Wallet lets users send and receive money through social network channels, and to and from mobile phone numbers, and is certified by the Reserve Bank of India (RBI).

PayAnywhere reader supports Apple Pay

August 28th, 2015

Credit card processor North American Bancard has introduced a new version of its PayAnywhere mobile credit card reader, which accepts Apple Pay, contactless NFC payments and magnetic stripe credit cards. The device, which is EMV-capable and available for iOS devices, will cost US$39.95, the company says, adding it will offer merchants “$5,000 free in Apple Pay transaction processing with a new PayAnywhere account”.

SumUp raises €10m in funding

August 27th, 2015

European mPOS company SumUp has announced €10m (US$11.2m) in funding from investors including BBVA Ventures and Groupon, taking the company’s funding total to €50m. SumUp plans to use the investment to increase its footprint into 15 countries, roll out its payment platform that encompasses a payments gateway, in-house hardware and operations systems, and to support the development of new services.

Google invites for Project Soli tests

August 27th, 2015

Google is notifying developers of an impending Project Soli Alpha DevKit and is asking those notified to fill out an application for the chance to receive one, Android Police reports. “Google notes the DevKits are very limited, stating there are only ‘a few dozen’ to go around,” it says. Project Soli was unveiled at I/O in June and will work to bring hand-gesture technology to wearables.

Cyber Group and Sensoro roll out beacons across Greater China

August 27th, 2015

Chinese chain store operator Cyber Group has launched a joint venture with beacon platform provider Sensoro to roll out Bluetooth Low Energy (BLE) beacons across Japan and the Greater China region. The companies have already deployed beacons across Tokyo’s top shopping center Marunouchi and will roll out the platform to more than 20 shopping centers and retail stores in the city. They will also install more than 5,000 beacons in 40 shopping districts in Taiwan before the end of October.

$14.9bn biometrics market by 2024

August 27th, 2015

The worldwide biometrics technology market will grow from US$2bn in 2015 to $14.9bn by 2024, research firm Tractica predicts. “During that period, Tractica forecasts that cumulative revenue will total $67.8bn,” the company says. The ‘Biometrics Market Forecasts’ report is based on a comprehensive 10-year market forecast for biometrics hardware and software from 2015 to 2024.

Samsung Pay opens US beta test

August 27th, 2015

Samsung has begun inviting those eligible to take part in a Samsung Pay beta test in the US ahead of the mobile payment service’s launch next month. Participants must own a Galaxy S6, S6 Edge, S6 Edge+ or Galaxy Note 5, have an active Samsung account, a qualifying card and be a customer of AT&T, Sprint, T-Mobile or US Cellular. Verizon Wireless is yet to announce its support.

Google says Android Pay is coming ‘soon’

August 27th, 2015

Google has broken its silence following speculation its Android Pay mobile payments platform was to be launched on August 26 by confirming it will be available soon. “Looking forward to Android Pay? Stay tuned. #soon,” a tweet from the official Android account read.

620m biometric app downloads by 2020

August 26th, 2015

More than 620m mobile banking apps that support biometrics for customer authentication and transaction verification will be downloaded by 2020, research from Goode Intelligence predicts. “Additionally, almost 160m wearable devices will be benefiting from seamless biometric authentication for accessing banking services on a variety of wearables, including smartwatches and bands,” the company says.

PREIT installs BLE beacons in US malls

August 26th, 2015

Retail shopping mall owner Pennsylvania Real Estate Investment Trust (PREIT) is to roll out Bluetooth Low Energy (BLE) beacons in its shopping centres in 12 US states, allowing retailers and brands to trigger offers and information in shoppers’ smartphones. The company has partnered with beacon advertising network Mobiquity Networks, which is now working in more than 320 malls hosting 7,500 retailers.

NFC chip market to rise 50.6%

August 26th, 2015

The global NFC chip market will grow at a compound annual growth rate (CAGR) of 50.6% by volume over the period 2014-2019, analysts from market research firm Technavio predict in the company’s ‘Global NFC Chips Market 2015-2019’ report.

PayPal One Touch expansion

August 26th, 2015

PayPal has extended its One Touch mobile payments solution to 13 new markets: Australia, Austria, Belgium, Denmark, France, Germany, Netherlands, Norway, Poland, Spain, Sweden, Switzerland and Turkey. “Eligible merchants in these markets will automatically have One Touch enabled without needing to do any integration,” the company says. The platform was launched in August 2014 and is available in the US, UK and Canada.

Line Pay expands to Taiwan

August 26th, 2015

Japanese instant messaging giant Line has released an initial list of Taiwanese stores at which its mobile payment service Line Pay can be used. “The Line Pay digital wallet can pay for purchases starting Wednesday in nearly 30 local stores, mostly online merchants such as ET Mall, beauty brand 86 Shop, online bookstore Kingstone and digital music service KKBOX,” Focus Taiwan reports.

80,000 cards added to Samsung Pay in Korea

August 26th, 2015

More than 80,000 credit or debit cards have been registered on Samsung Pay in Korea since its launch last week. “More than 10,000 cards were registered on August 20,” Business Korea reports. “About 80,000 cards are believed to have been registered as of August 24. Observers say around 20,000 credit or check cards issued by large credit companies have registered.”

Gemalto and Mahindra Comviva scoop awards

August 25th, 2015

PARTNER NEWS: Digital security specialist Gemalto and mobile financial services provider Mahindra Comviva have both picked up prizes in this year’s Juniper Research Future Digital Awards. Gemalto took the prize in the digital payments category and Mahindra Comviva scooped top spot in digital ticketing, as well as rating “highly commended” in the contactless payment category.

‘Top priority’ for electronic and mobile payments

August 25th, 2015

Fully converting payments to electronic, expanding card programs and adopting mobile/digital payments was the top priority for clients at the recent Bank of America Merrill Lynch Conference on Payments and Commercial Card. Meanwhile, 60% of the 175 companies and government agencies represented said adopting a mobile payments app was something they were “likely” to introduce.

JCDecaux to roll out PowaTag across Denmark

August 25th, 2015

Shoppers across Denmark will be able to make purchases from billboards, bus shelters and street furniture from outdoor advertising corporation JCDecaux subsidiary AFA JCDecaux via Powa Technologies’ mobile payments platform PowaTag. “AFA JCDecaux will utilise the PowaTag offering in 20 key cities including Copenhagen, Aarhus, Aalborg, Odense and Vejle,” Powa says. The news follows Powa’s partnership with Denmark’s Danske Bank to integrate PowaTag into its MobilePay banking app.

NFC Forum adds new members

August 25th, 2015

The NFC Forum has added new associate, implementer and non-profit members, following the recent addition of Apple as a sponsor member. “Representing industries as diverse as automotive electronics, digital imaging, microelectronics and asset management, the 19 new members include organisations based in Austria, Belarus, China, Japan, South Korea, Taiwan and the US,” the association says. (See the full list of new members here…)

Swiss develop ‘Sound-Proof’ authentication

August 25th, 2015

Swiss researchers have unveiled a two-factor authentication mechanism dubbed ‘Sound-Proof’ that uses the noise recorded by a user’s phone and the device he or she wants to log into to verify identity. “The proximity of the two devices is verified by comparing the ambient noise recorded by their microphones,” the team from the Institute of Information Security at ETH Zurich explains in a paper describing the system.

Square Cash finds time for Apple Watch

August 25th, 2015

Square has updated its P2P mobile payment app to add support for Apple Watch. Version 2.8 of Square Cash will now allow users to send money, pay their contacts with a new contact-first interface and approve requests with a single tap.

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