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Archive: News in brief

UK cash payments fall to 48%

May 22nd, 2015

The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports. Some 52% of consumers continued to use cash for more than half of their transactions in 2014, however, and “there is no prediction for cash to disappear”.

NXP ‘focused on mobile wallet’

May 22nd, 2015

PARTNER NEWS: “What we’re focused on is the mobile wallet,” NXP CEO Rick Clemmer has told CNBC in an interview in which he discusses the company’s smartphone products, growth in China and its partnership with Qualcomm. “The mobile wallet is really where we bring a unique proposition; we want to be able to supply that across the world with all of the leading smartphone companies to really make life easier and secure.”

Android to get fingerprint authentication

May 22nd, 2015

Android M, the next edition of Google’s mobile operating system, will include native fingerprint authentication to allow users to log in to their Android devices without entering a password, BuzzFeed reports. The feature is expected to be announced next week at Google I/O.

Apple Pay headed to Belgium?

May 21st, 2015

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. The bank has since retracted its original statement, “now saying in a second tweet that Apple Pay is not yet in scope,” 9to5mac reports.

Join NFC World and the GSMA today for an NFC transport ticketing webinar

May 21st, 2015

More than 300 NFC World readers are set to take part in a free webinar on NFC in transport ticketing presented in association with the GSMA and the Mifare4Mobile Industry Group at 3pm BST/4pm CEST/10am EDT today. Attendees will learn about delivering interoperable and standardised ticketing and access services at scale on NFC-enabled devices in the 45-minute online event, which also offers a chance to question some of the experts behind the GSMA’s Mifare4Mobile Implementation Guidelines. You can take part by signing up here.

Express rolls out support for Apple Pay

May 20th, 2015

Clothing retailer Express has begun accepting Apple Pay across its stores in the US. “To date, relatively few clothing chains have thrown support behind Apple Pay,” AppleInsider reports. “Apple has promised more additions down the road, including Anthropologie, Free People, L.L. Bean and Urban Outfitters.”

Sekur.me brings Apple Pay online

May 20th, 2015

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. “Sekur.Me can work with payment methods like Apple Pay or directly with any payment gateway, with PayPal and Google Wallet support in the works,” says CEO Jack Bicer. Apple Pay has previously only been available for in-store and in-app payments.

iZettle adds support for NFC and contactless payments

May 20th, 2015

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. The Card Reader Pro Contactless terminal will be rolled out more broadly in June with other countries to follow in the “coming months”. It will retail for about £79 (US$122) with price variations depending on markets.

MasterCard launches P2P payments service

May 20th, 2015

MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account. “Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, located domestically or abroad,” the company says. “This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts and via cash agent outlets.”

Apple gets Concert Ticket+ patent

May 20th, 2015

The US Patent and Trademark Office has granted Apple a patent for its Concert Ticket+ concept, first unveiled in 2010. “Apple’s newly granted patent covers their invention relating to tickets to events and to obtaining, storing and accessing tickets to events and benefits associated with such tickets using an electronic device,” Patently Apple reports. It adds the original patent went on to help form the Passbook application, and is now “directly related to the use of Apple Pay”.

US to get same day ACH payments

May 20th, 2015

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. “Same Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH,” the organisation explains. The move, which will be implemented in a “phased approach”, will greatly accelerate the speed at which money can move through the US financial system.

Apple Pay now live at nearly 300 banks and credit unions

May 20th, 2015

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. “It’s worth noting that some banks, credit unions and financial institutions listed may have already had support for the contactless payments service and are only now being reflected on Apple’s website,” MacRumours reports.

Amazon’s Gauthier: NFC is “last century’s problem”

May 19th, 2015

“Anyone working on NFC is focusing on last century’s problem,” Patrick Gauthier, the new vice president of payments at Amazon, has told Mashable in an interview in which he also indicates that he believes competitors in the mobile payments space — including Apple and Google — have “lost sight of what it is we’re here to do.” Until January, Gauthier headed up emerging retail services at PayPal, a company once anti-NFC which now appears to have changed its mind about the technology.  

US millennials lead the way for mobile payments

May 19th, 2015

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. One in four of the 1,000 respondents surveyed also believes the restaurant industry is the most likely to widely adopt mobile payments in the near future.

Starbucks denies mobile payment hack

May 19th, 2015

Starbucks has issued a statement denying its mobile payment app has been hacked, following a report by investigative journalist Bob Sullivan. The article claimed hackers had recently stolen money from several Starbucks customers by gaining access to their credit card information through the coffee chain’s app and using the auto-load function. “Starbucks takes the obligation to protect customers’ information seriously,” the company says. “News reports that the Starbucks mobile app has been hacked are false.”

Axis to make 50,000 terminals contactless in India

May 19th, 2015

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”. The move follows the Reserve Bank of India’s relaxation of its requirement for two-factor authentication for contactless payments up to a value of Rs2,000 (US$31).

Face++ raises $25m for selfie payments

May 19th, 2015

Face++, the Chinese facial recognition technology startup behind Alibaba’s selfie payments service, has secured an additional $25m in a series B funding round, taking the total raised to $47m. Existing investors Qiming Venture Partners and Innovation Works contributed to the round, the company told TechCrunch.

Apple in buy out talks with Clinkle?

May 18th, 2015

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. “This is only the latest bad news after years of ridicule for its massive $30m funding round despite lacking a publicly available product, and highly critical reports of Duplan’s leadership through repeated layoffs at Clinkle,” TechCrunch reports.

Trader Joe’s gears up for Apple Pay

May 18th, 2015

US grocery chain Trader Joe’s is reportedly gearing up to begin accepting Apple Pay NFC payments in its stores. “Kiosks at Trader Joe’s checkout counters have been seeing upgrades in recent weeks and months to VeriFone touchscreen machines,” AppleInsider reports. “Some of these payment terminals already advertise that they accept Apple Pay.” Trader Joe’s has more than 400 locations across the country.

Samsung Wallet to close on June 30th

May 18th, 2015

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. “We are sorry to inform you that the app and its related content will not be accessible after the termination date,” the company explains in an email sent to Samsung Wallet users and seen by Sammobile.

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