Wednesday 25 November 2015 | RSS


    Archive: News in brief

    Three launches NFC mobile payments in Austria

    November 24th, 2015

    Mobile network operator Three has launched a SIM-based NFC mobile payments service in Austria. “For this new service, a virtual debit card with contactless payment function based on MasterCard PayPass is being stored on the Android smartphone’s NFC SIM card,” the carrier says. “Three customers can test 3Geldbörse for two months for free. After two months, the new services costs 1€/month.”

    Smartwatches to play key role in mobile banking

    November 24th, 2015

    Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts. “While wearables, including smartwatches and glasses, are not suited for conducting complicated financial instructions, wrist-based wearables will become a key device for multi-factor authentication,” the company says.

    Apple Pay to launch in China by February?

    November 24th, 2015

    Apple is planning to launch Apple Pay in China by 8 February 2016, according to the Wall Street Journal. “The Cupertino company has struck deals recently with China’s big four state-run banks,” the publication reports. “The effort could still face regulatory hurdles in China, where banking and ecommerce are overseen by a number of government agencies.” Reports that Apple Pay had “hit bumps” in China first emerged in February 2015.

    Samsung Pay adds eight more US issuers

    November 23rd, 2015

    Samsung Pay has added support from eight additional US card issuers including Chase and SunTrust. Others include Citizens Equity First Credit Union, Randolph Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, Virginia Credit Union and Navy Federal Credit Union. “Cardholders of all these issuers will be able to use Samsung Pay to pay almost anywhere they can swipe or tap their card,” Samsung says.

    Square rolls out first contactless readers

    November 23rd, 2015

    Mobile POS provider Square is rolling out the first of its $49 contactless readers to 100 US businesses, allowing them to accept chip cards, contactless and NFC payments including Apple Pay. “The first group of businesses to use Square’s new reader include Honey Butter Fried Chicken in Chicago, Philz Coffee in San Francisco, Sump Coffee in St Louis, Cafe Grumpy in New York City and all 20+ merchants in the Urbanspace Vanderbilt food hall in New York,” the company says.

    28% of UK shoppers want beacons in-store

    November 23rd, 2015

    More than one in four UK shoppers (28%) would like retailers to know exactly who they are when they walk in using location-based technologies such as iBeacon, research by Harris Interactive for Salesforce UK reveals. “39% of high street shoppers would be willing to share data around their personal preferences with a retailer to receive a faster and more convenient service,” Salesforce UK says.

    MyPINpad takes PIN authentication online

    November 23rd, 2015

    UK consumers may soon be able to authenticate online and mobile transactions using a PIN-based solution from myPINpad following trials with UK payments infrastructure operator VocaLink. “Collaborative discussions have already been initiated with a number of the UK’s leading banks, acquirers and issuers, merchants and PSPs, focused on a number of authentication use cases,” myPINpad says.

    Coin launches cashback incentive

    November 23rd, 2015

    US connected device maker Coin is piloting a rewards program that gives users of its EMV-ready electronic magnetic stripe card cashback benefits at retail locations across the Bay Area. “Coin Rewards places cash back directly into the pockets of consumers through gift cards,” Coin says. The company launched its NFC-ready Coin 2.0 in August 2015 and has recorded over 2.5m transactions across 200,000 shipped devices.

    Coinbase ships Bitcoin debit card

    November 23rd, 2015

    Bitcoin wallet Coinbase and Shift Payments have introduced a US-issued Bitcoin-backed debit card that will allow Coinbase users in 24 states to make payments using the virtual currency both online and in-store. “With the Shift Card, you can now spend Bitcoin anywhere in the world where Visa is accepted,” Coinbase says. “When you use your Shift debit card to make a purchase, the equivalent value of bitcoin, based on the current spot price of bitcoin on Coinbase, will be debited from your Coinbase bitcoin wallet.”

    Dunkin’ Donuts pilots mobile ordering

    November 20th, 2015

    Members of Dunkin’ Donuts’ DD Perks Rewards program in Portland, Maine can now place and pay for orders on their mobile device using a new On-the-Go ordering app. “Guests can place a mobile order up to 24 hours in advance, then simply confirm via the app when they are at the selected restaurant and ready to pick up their order,” the company says.

    Rotterdam metro tests contactless cards

    November 20th, 2015

    Employees of Rotterdam’s RET public transportation network are trialling contactless cards for payment and entry on the metro. The service is expected to be made available on smartphones in the future but “it’s not something that’s going to be ready tomorrow,” RET’s Pedro Peters told NOS. “More and more people are banking on the mobile phone. Within a year, the debit card will be on your phone.”

    US transit operators move to mobile ticketing

    November 20th, 2015

    US transit operators San Francisco Municipal Transportation Agency (SFMTA), the New Orleans Regional Transit Authority (NORTA) and the Chicago Transit Authority (CTA) have launched mobile ticketing services. SFMTA’s MuniMobile service uses QR codes and Norta is using Masabi‘s QR code-based JustRide platform. CTA’s service lets Metra bus passengers buy tickets using its Ventra app. CTA plans to add NFC to the app in the future.

    Taubman malls to send out offers via WiFi

    November 19th, 2015

    Shoppers in four Taubman shopping centres in the US will soon receive offers on their mobile device via the guest WiFi network and mobile retail solution StepsAway. “Shoppers visiting any StepsAway participating malls simply sign onto the mall’s free WiFi network and then peruse deals via StepsAway’s SAMobile app by product category or store name,” the company says. Taubman began testing Bluetooth Low Energy (BLE) beacons in January 2015.

    Visa certifies Kona’s HCE wallet

    November 19th, 2015

    PARTNER NEWS: South Korea-based mobile payments specialist Kona has picked up Visa Ready certification for the host card emulation (HCE) mobile wallet component of its Kona Payment platform. To obtain VCPS 1.5 compliance “Kona had to go through a number of rigorous functionality reviews,” says the company. “Operating system versions used for testing included Android 5.0, 5.0.1, 5.1 and 5.1.1.”

    CommBank adds MasterCard and Amex credit cards to NFC wallet

    November 19th, 2015

    Customers of Australia’s CommBank can now add MasterCard and American Express credit cards to the bank’s Tap & Pay NFC mobile wallet. Since launching Tap & Pay for Android in March this year more than 300,000 cards have been set up on the CommBank app and 1m transactions have been processed, the bank says.

    Samsung Pay set for China, Spain and UK?

    November 19th, 2015

    Samsung Pay will launch in China, Spain and the UK in the first quarter of 2016, “as per the information that we’ve received,” SamMobile reports. The service has been live in Korea since August 2015 and in the US since September.

    Apple Pay faces delays in China

    November 19th, 2015

    Apple Pay is facing more delays in China and is not expected to launch there until the end of 2016, TechWeb reports. “South Korea will become the first Asian country to support Apple Pay — the service is expected in the first half of 2016,” the publication says. Reports that Apple Pay had “hit bumps in China” first emerged in February 2015.

    Samsung Pay to be added to lower-end devices

    November 19th, 2015

    Samsung is to add Samsung Pay NFC payments functionality and fingerprint scanners to its mid- and low-end handsets, Korea Herald reports. “The plan is part of Samsung’s efforts to expand best-in-class features into the firm’s lower-end smartphones,” the publication says.

    LG signs up Korean issuers for mobile payments platform

    November 19th, 2015

    LG has confirmed it is planning to launch its own mobile payments service as early as next month. The company has signed up Korean card issuers Shinhan Card and KB Kookmin Card as launch partners and is expected to call the service LG Pay. LG sparked rumours of the plan when it filed trademarks for ‘LG G Pay’ and ‘G Pay’ in South Korea in October 2015.

    India’s Oxigen Wallet to add virtual prepaid cards?

    November 18th, 2015

    Indian mobile wallet provider Oxigen Wallet is in talks with Visa, MasterCard and RuPay over launching virtual prepaid cards in the country, Economic Times reports. “Today, a wallet is accepted at a merchant’s platform only if the merchant has agreed to accept it,” chief executive Ankur Saxena said. “This (virtual prepaid card) allows us the freedom to have the wallet accepted anywhere a Visa, MasterCard and RuPay gets accepted. We don’t want our wallet to be limited to X number of merchants; we want it to be used everywhere.”

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