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Archive: News in brief

PayPal launches PayPal.Me

September 1st, 2015

PayPal has launched a P2P payment service in 18 countries that lets consumers request money by sharing a personal PayPal.Me link. “It’s a link you can personalise with your name,” PayPal’s Meron Colbeci writes in a blogpost. “Recipients click the link on any device, enter the amount, hit send. The money is quickly transferred into your PayPal account.”

India biometrics market to grow 35% by 2020

September 1st, 2015

India’s biometrics market is projected to grow at a compound annual growth rate (CAGR) of over 35% from 2015 through 2020, according to TechSci Research. “Fingerprint biometrics is the largest market segment in terms of revenue contribution, followed by iris and facial recognition,” the company says. “Voice recognition is the fastest growing segment on account of rising application in banking and integration in handheld devices.”

Ingenico joins WorldPay bidding war

September 1st, 2015

Point-of-sale terminal maker Ingenico has submitted a bid for UK-based payment processor WorldPay. “WorldPay is heading for a London stock market flotation in autumn that could value it at around £6bn (US$9.24bn), but has been targeted by several private equity and rival firms,” Reuters reports. The news follows a Bloomberg report last week that claimed Germany’s Wirecard has also joined the bidding.

Sony unveils Wena Wrist with NFC payments

September 1st, 2015

Sony is crowdfunding a new smartwatch called Wena Wrist that is equipped with NFC payments compatible with the Japanese Felica standard. If the campaign is successful, two different models of the smartwatch will be available in both silver and black.

Uber ‘to launch mobile wallet in India’

September 1st, 2015

Taxi service Uber is to introduce its own mobile payment wallet in India, Times of India reports. “At present, consumers can pay for Uber trips via Paytm wallet. It [Uber] recently tied up with Airtel Money to facilitate payments via the latter’s wallet. The latest plan is in line with the firm’s ambition to make India its second biggest market after the US.”

Samsung unveils Gear S2 with NFC

September 1st, 2015

Samsung has unveiled the Samsung Gear S2, its latest smartwatch which includes NFC for payments. “Samsung is working to expand the usability of wearables,” the company says, “including smart car keys, residential room keys and remote controls to manage a connected home.” The Gear S2 and Gear S2 Classic will be showcased at Tempodrum, Berlin this week.

Apple granted NFC and Touch ID patents

September 1st, 2015

Apple has been granted 45 patents relating to NFC, Touch ID and Apple Watch in the US, Patently Apple reports. An NFC element “may serve as an antenna for transmitting NFC signals to external equipment” such as NFC hearing aids, POS equipment and security card readers. The Touch ID patent details a system of scanning a fingerprint’s “flow angles” as they pass over the sensor.

Payments boost from contactless limit rise

September 1st, 2015

The UK contactless limit increase from £20 to £30 could enable an extra three million Visa contactless transactions a day, worth more than £70m, Visa Europe says. “Supermarkets, clothes retailers, department stores and pharmacy chains will benefit the most from the increase,” the payment network says. Contactless now accounts for one in 11 in-store Visa transactions, it adds.

Google Play adds Android Pay option

September 1st, 2015

A new update to the Google Play services app could let users select between Google Wallet and Android Pay under a ‘Tap and Pay’ option. “The only problem is this feature has to be turned on by Google before it becomes accessible,” Android Authority reports. Android Pay is expected to launch “soon”, according to a tweet from the official Android account.

UK contactless limit increases to £30

September 1st, 2015

The contactless spending limit of £20 (US$30) has risen to £30 (US$46) across the UK today. “Software will be rolled out across retailers who accept contactless payments from September 1,” The UK Cards Association says. “Once a terminal has updated, it will be able to process contactless transactions up to the new £30 limit.” The trades body has published guidance for retailers.

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.

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