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    Archive: News in brief

    DBS Hong Kong prepping Apple Pay support

    June 14th, 2016

    DBS Hong Kong will bring its customers Apple Pay when it launches in the territory this summer. “We are excited to be one of the first in Hong Kong to support Apple Pay for a best-in-class mobile payment experience for our customers,” says the bank’s Ken Chew. Apple announced it will be launching the mobile payment service in Switzerland, France and Hong Kong at the company’s WWDC event earlier this week.

    Tesco to work on mobile payments with MasterCard

    June 14th, 2016

    Tesco Bank and MasterCard are working together to “enhance mobile and digital payments” at the supermarket giant to make it easier for Tesco customers to pay. “The partnership will identify and deliver new safe and secure digital payments solutions for customers when shopping in-store, online and on mobile devices,” MasterCard says.

    MasterCard supports Apple Pay expansion

    June 14th, 2016

    MasterCard will support the launch of Apple Pay in Switzerland, following the announcement that the mobile payment service is set for expansion across Switzerland, France and Hong Kong at Apple’s WWDC event this week. “We are involved wherever it launches,” the payment network confirmed to NFC World.

    Visa to support Apple Pay in Hong Kong

    June 14th, 2016

    Visa will support the launch of Apple Pay in Hong Kong, the payment network has confirmed, after announcing its support for the expansion of the mobile payment service to Switzerland and France. “One in ten Visa transactions in Hong Kong is a Visa PayWave transaction and we expect the number of contactless payments to grow even further,” says Caroline Ada, country manager of Visa Hong Kong and Macau.

    Walmart Canada to stop accepting Visa due to high fees

    June 13th, 2016

    Retail giant Walmart will stop accepting Visa credit card transactions in Canada from mid-July due to “unacceptably high” transaction fees. “Visa and Walmart have been unable to agree on an acceptable fee for Visa transactions,” Walmart Canada says. “We will no longer accept Visa in our stores across Canada, starting with our stores in Thunder Bay on July 18, 2016. This change will then be rolled out in phases across the country.” The decision follows Walmart filing a lawsuit against Visa last month for forcing the retailer to let customers use signatures when paying with chip cards.

    Munich Airport to support Alipay

    June 13th, 2016

    Chinese passengers at Munich Airport will be able to make payments at participating retailers using Alipay from mid-July through a partnership between German payments technology provider Wirecard and airport stores retailer Eurotrade. “Wirecard has integrated Alipay barcode payment into Eurotrade’s central till system,” Wirecard says. “The Alipay mobile payment by barcode will be possible in all 69 Eurotrade shops, at around 160 tills in total, both in the public area and the transfer zones.” Wirecard began rolling out support for Alipay mobile payments across Europe in December 2015.

    Microsoft to launch HCE mobile payments with Wallet 2.0

    June 13th, 2016

    Microsoft will unveil a new Wallet 2.0 app this summer that will bring with it host card emulation (HCE) mobile payments, an internal build of the updated app seen by Windows Central reveals. “I was able to enable Tap to Pay successfully on a Bank of America debit card,” the publication reports. “When first launched, Wallet will check your Microsoft Account for any credit cards already linked and import those for Tap to Pay. My Lumia 950 even utilized Windows Hello for my account authentication.”

    BankAxept to use Interac for NFC mobile solutions in Norway

    June 10th, 2016

    Canadian debit network Interac has partnered with Norwegian domestic debit network BankAxept to help accelerate the rollout of NFC mobile debit solutions in Norway. “The licensing agreements will help enable BankAxept to deliver a secure and cost-effective contactless POS solution in Norway as well as provide documentation and software that will position BankAxept to offer a broad range of mobile payment solutions,” Interac says. “BankAxept is the first client to license Interac payment solutions internationally.”

    Pay by Bank to make UK launch with Barclays

    June 9th, 2016

    UK bank Barclays is to become the first to launch Pay by Bank, the mobile payment app developed by payments infrastructure operator VocaLink’s mobile payment startup Zapp. The service will be made available to customers from autumn 2016, with Lloyds Bank, Halifax and Bank of Scotland also planning to support the service “soon”. The service was expected to launch last year, but was later delayed.

    Visa signs up US banks for Visa Digital Commerce App

    June 8th, 2016

    More than 40 US financial institutions have begun implementing the Visa Digital Commerce App, an issuer-branded mobile app that enables card management services such as account balance information, card controls and alerts. The platform also includes token services for NFC mobile payments. “The Visa Digital Commerce App brings together a comprehensive set of services to empower financial institution clients of all sizes to quickly offer their own digital payment experience to cardholders,” says Visa’s Oliver Jenkyn.

    Stripe offers free processing with Android Pay

    June 8th, 2016

    Payment processor Stripe is offering free processing for Android Pay payments in the US and across the UK for a limited time. “Just complete your integration by mid-July and we’ll waive all Stripe fees for payments made with Android Pay for the rest of the year,” the company says.

    Apple Pay to launch in Switzerland next week

    June 8th, 2016

    Apple Pay is expected to make its launch in Switzerland next week, according to Finews. Cornèr Bank will be one of the first to support the mobile payment service in the country, the German language publication reports.

    ICBPI to launch instant payment platform

    June 7th, 2016

    Istituto Centrale delle Banche Popolari Italiane (ICBPI) is to establish an instant payments solution in the first quarter of 2017 in partnership with Danish payment services provider Nets. “Based on the very successful implementation of Nets RealTime24/7 solution in Denmark, the ICBPI’s instant payment platform will serve the Italian Payment Service Providers (PSPs),” Nets says. “There will be no limit to the use cases but the focus will be on mobile payments, initially targeting P2P payments.”

    Mahindra Comviva wins GTB innovation award

    June 7th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva and mobile network operator Airtel Tanzania have jointly won the Global Telecom Business (GTB) Innovation Award for Airtel Money Tap Tap NFC Payments in the customer service category. “Airtel Money Tap Tap NFC Payments is the first-of-its-kind closed-loop NFC payments service that brings a paradigm shift in mobile money-based merchant payments, which so far were only performed using USSD and SMS,” Mahindra Comviva says. The service is powered by the company’s Mobiquity Money platform.

    UOB reports strong uptake of Apple Pay in Singapore

    June 7th, 2016

    Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times. Around 19,000 cards from UOB have been enabled for Apple Pay in just two weeks since the bank announced its support for the service in May 2016.

    Tencent to ramp up WeChat Pay in Japan

    June 7th, 2016

    Chinese internet giant Tencent is working to roll out its WeChat Pay mobile payment service to 10,000 Japanese stores by the end of 2016. “WeChat Pay, linked to the popular WeChat messaging app, lets its more than 300m users pay via smartphone at 300,000-plus locations in China,” Nikkei reports. “Only a few Japanese stores have adopted it so far. The plan is to have 20,000 stores in Japan accept WeChat Pay as soon as possible.”

    Samsung Pay to launch in Australia next week

    June 7th, 2016

    Samsung Pay is expected to launch in Australia next week, an invitation to a press conference scheduled for June 15 reveals. “A hands-on demonstration at the event means that local infrastructure is almost certainly in place so a widespread customer launch is likely to be imminent or immediate,” Gizmodo Australia reports. American Express revealed it was gearing up to support Samsung Pay in Australia in April 2016.

    Microsoft to open up Windows Hello to wearables

    June 6th, 2016

    Microsoft is to open up its Windows Hello biometric authentication solution so users can unlock a Windows 10 PC or laptop with a wearable device, the company announced during a keynote at Computex in Taiwan. “The head of Microsoft’s Windows Interact division, Li-Chen Miller, demonstrated the technology using the Nymi Band,” CNET reports. “By swiping her wrist past an NFC reader on her laptop, Miller logged in using Windows Hello, saying the process was three times quicker than typing passwords.”

    HDFC Bank to launch mobile payments in India

    June 6th, 2016

    India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”

    Emirates NBD to launch digital bank for millennials

    June 6th, 2016

    Emirates NBD has announced plans to launch the UAE’s first digital bank targeted at millennials as part of its commitment to invest AED 500m (US$136m) in “digital innovation and multichannel transformation” over the next three years. The digital bank will offer customers “the next generation of self-service money management with useful tools and applications,” the bank says.

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