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    Archive: News in brief

    NFC payments to reach $95bn by 2018

    April 11th, 2016

    The global value of NFC mobile and wearable payments is expected to reach US$95bn annually by 2018, up from less than $35bn last year, according to Juniper Research. “Apple’s entry into NFC gave the industry a much needed boost and could well be seen as the tipping point for the technology,” says the firm’s Nitin Bhas.

    Priorbank launches HCE payments in Belarus

    April 11th, 2016

    Customers of Priorbank in Belarus can now make mobile payments using a new HCE service that supports MasterCard and will be extended to include Visa cards later this year. “The bank plans to implement the mobile issuing service for both debit and credit cards,” says technology provider OpenWay. “Each transaction over 200,000 Belarusian rubles (about US$10) is confirmed by PIN.”

    Samsung Pay looks to “next generation” biometric security

    April 5th, 2016

    Samsung is developing new biometric sensors for mobile phones with the aim of adding additional security to Samsung Pay. “Right now, we use fingerprint,” Samsung Pay’s Elle Kim told delegates at Money20/20 Europe. “As we speak, engineers at Samsung are developing the next generation of biometric sensors so that our phones and Samsung Pay can be even more secure.”

    Amazon expands its payments business

    April 5th, 2016

    Amazon has launched the Amazon Payments Partner Program, a new service designed to enable ecommerce platform providers and developers to offer merchants Amazon Payments, which allows customers to log in and pay using their account with the online retail giant. “The program is free to participate in and available by invitation in the US, Germany, UK and Japan,” Amazon says.

    Tesco rolls out PayQwiq mobile payments to 524 stores

    April 5th, 2016

    UK supermarket giant Tesco’s PayQwiq mobile payments service, which lets customers pay using an Android or Apple phone by snapping an image of a QR code located at each checkout, is now live in 524 of the retailer’s stores in London and Edinburgh. Customers with a Tesco Clubcard automatically get reward points when they pay with PayQwiq, the retailer says, making checkout quicker for loyalty cardholders than paying via either contactless or chip and pin. The service has been on trial since September 2014.

    MasterCard reports on tokenization in Europe

    April 5th, 2016

    MasterCard is working on more than 60 projects involving its MDES tokenization platform in Europe, the payments network has revealed. “Today card issuers and wallet service providers have MDES projects in progress in 18 countries across Europe,” MasterCard says, and the service is currently being used to connect banks “representing more than 70% of UK account holders” to Apple Pay.

    MasterCard reports on ‘selfie pay’ popularity

    April 5th, 2016

    MasterCard’s Identity Check service, which lets consumers authenticate payments by taking a picture of themselves using their smartphone, has “gone like wildfire in the trials that we’ve done in the Netherlands and the US”, Ann Cairns, the payments network’s president for international markets, has revealed during a keynote at Money20/20 Europe in Copenhagen. “People love taking selfies so they see it as a fun thing rather than ‘Oh my goodness, I’ve got to put my PIN number in, I’ve got to remember by password’.”

    Google confirms Wallet Card termination

    April 1st, 2016

    Google has confirmed that it is to terminate its Wallet Card on June 30. “Moving forward, we want to focus on making it easier than ever to send and receive money with the Google Wallet app,” the company says. Reports that Google was to end support for the physical card emerged earlier this week following an app teardown by Android Police.

    Federal Reserve reports on US mobile payment adoption

    March 31st, 2016

    Nearly a quarter of US adults with a mobile phone (24%) and 28% of those with a smartphone made a mobile payment in the 12 months prior to November 2015, a survey by the Federal Reserve reveals. “For smartphone owners who reported making payments with their phones, the most common types of mobile payments were paying bills, purchasing a physical item or digital content remotely and paying for something in a store,” the organisation says.

    Waitrose to open first cashless store this summer

    March 31st, 2016

    Upmarket UK supermarket chain Waitrose is to become the country’s first major supermarket to operate a cashless store where customers will only be able to make payments by using a card or mobile phone at one of its five self-service checkouts. The store will open inside telecommunications company Sky’s new head office building in Osterley this summer.

    Barclays enables Apple Pay support?

    March 30th, 2016

    Barclays appears to be in the process of enabling support for Apple Pay in the UK, according to a terms and conditions page tweeted by a number of the bank’s customers. Barclays revealed in January that it would support the mobile payment service within “60 to 75 days”. The bank also confirmed to NFC World that it would not be supporting the launch of Google’s Android Pay in the UK, in favour of focusing on its own host card emulation (HCE) based NFC mobile payments service.

    Xiaomi to launch Xiaomi Pay?

    March 30th, 2016

    Handset maker Xiaomi has filed a patent in Korea for a mobile payment service called Xiaomi Pay, The Korea Herald reports. “There is speculation that Xiaomi’s upcoming mid-range smartphone Mi5 will feature the NFC mobile payment service,” the publication says. “The patent filing in the Korean market indicates that the Chinese tech firm plans to roll out its smartphone here.” The Mi5 was unveiled during Mobile World Congress and is equipped with NXP’s secure element and NFC solution.

    A third of Americans unconvinced about mobile payment apps

    March 29th, 2016

    More than one third of Americans (36%) don’t feel a need for mobile payment apps, compared to 12% of Mexicans and 13% of Chileans, according to mobile banking service Fintonic. 23% of Americans don’t trust the technology, compared to 4% of Mexicans and 6% of Chileans. “Latin American countries such as Chile and Mexico are much more willing to embrace technological advancements in banking like mobile wallets,” the company says.

    Google to terminate Google Wallet Card

    March 29th, 2016

    Google will terminate its physical Google Wallet Card on June 30, an app teardown from Android Police reveals. “Google will continue all operations with the Wallet Card through May 1,” the publication reports. “This won’t impact the Google Wallet app or any accounts, since they will continue to be useful for sending and receiving money from other users. Balances can be withdrawn at any time. No reason has been given for terminating the physical card.”

    Facebook Messenger to add in-store payments?

    March 29th, 2016

    Facebook could be looking at letting its users make in-store purchases via its Facebook Messenger chat app, according to The Information. “Tucked inside the code for Facebook’s Messenger are clues for how the chat app plans to become a marketplace, including an unreleased feature that lets people use the app to buy things in stores,” the publication says.

    US students get mobile order and pay

    March 24th, 2016

    Students at Missouri Valley College and Hannibal-LaGrange University can now order and pay for food and drink using their mobile devices. The Lucova Campus solution, provided by Lucova and Fresh Ideas Food Service Management, uses Bluetooth Low Energy (BLE) to bring up a profile image at the point of sale that the server can use to check a student’s identity. Southwestern College in Kansas also rolled out the white label solution in November 2015.

    Apple Pay to expand to mobile websites?

    March 24th, 2016

    Apple Pay will be available as a payment option on mobile websites “before this year’s holiday shopping season”, Re/code reports. “The service will be available to shoppers using the Safari browser on models of iPhones and iPads that possess Apple’s TouchID fingerprint technology,” the publication says. “Apple has also considered making the service available on Apple laptops and desktops too, though it’s not clear if the company will launch that capability.”

    Tencent reports major increase in mobile payment users

    March 23rd, 2016

    Chinese internet giant Tencent has reported that the number of monthly active users (MAU) of its mobile payments services has increased by seven times over the last year. Its QQ Wallet was used to exchange 6bn red envelopes during the Lunar New Year holidays and Weixin Pay was used to exchange 32bn red envelopes over the same period, up nine times on a year ago. “For Weixin and WeChat together, MAU reached 697 million at the end of 2015, representing YoY growth of 39%,” Tencent says.

    FreeCharge adds chat payments to mobile wallet app

    March 23rd, 2016

    Indian consumers can now make payments to merchants and to friends and family using Chat and Pay, a messaging service built into the main FreeCharge mobile wallet app. “Merchants can now accept payments by registering their bank account number, geolocation and choose a custom identifier — a #paytag to allow customers to identify their service area through their FreeCharge app,” the company says.

    Two billion smartphones to come with fingerprint sensors by 2021

    March 23rd, 2016

    The global biometrics market will reach more than US$30bn by 2021, representing a 118% increase from 2015, according to a new forecast from ABI Research. “Consumer electronics, particularly smartphones, continue to boost the biometrics market, with embedded fingerprint sensors anticipated to reach two billion shipments by 2021, at a 40% compound annual growth rate (CAGR),” the firm says.

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