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Archive: News in brief

US IT decision makers unprepared for EMV

July 31st, 2015

Some 42% of US IT decision makers have taken no steps or are unaware of any progress being made in the migration towards EMV, research from Randstad Technologies finds, with only 58% actively preparing in time for the October liability shift deadline. “A majority indicated little concern for the magnitude of risk associated with missing the deadline,” it adds.

New Google Glass ‘released soon’

July 31st, 2015

A second version of Google Glass is in the works and will be “released soon”, according to the CEO of Italian eyewear maker Luxottica. “The partnership to build Glass is going ahead, said Massimo Vian, speaking at the company’s general meeting in Milan,” WSJ reports. Google stopped selling the first version of Glass and shut its Explorer program earlier this year.

US shoppers make more mobile payments

July 31st, 2015

One in seven US shoppers has made a mobile payment during the last year and 68% are using alternative payment methods more often than a year ago, a survey by Blackhawk Network reveals. A quarter of the 1,000 respondents now use mobile wallets; 65% have a debit card in their mobile wallet, 58% have a credit card and 45% have gift cards.

Subway adds PayPal to mobile app

July 30th, 2015

Restaurant chain Subway is to add PayPal as a payment option in its mobile order and pay app to allow customers to make in-app and in-store payments in 27,000 US locations. PayPal One Touch will also be enabled, allowing customers to pay without typing in usernames, passwords or payment credentials. Meanwhile, Android Pay has been added as a mobile payment option alongside Apple Pay.

Commonwealth Bank adds loyalty to mobile app

July 30th, 2015

Commonwealth Bank has added a loyalty feature to its mobile banking app that also offers HCE payments, allowing users to store loyalty cards and redeem them at the checkout with their NFC phone or by scanning the loyalty card barcode. The bank is also set to pilot a separate offers app in a shopping centre run by Westfield, ZDNet reports.

Tech firms do “better job” than banks, say 24% of young Brits

July 29th, 2015

More than a fifth (24%) of Britons aged between 18 and 34 believe companies such as Google, Apple and Amazon would do a “better job” of providing financial products and services than banks, with 8% now choosing their bank depending on the type of mobile service it offers, research from price comparison site uSwitch reveals.

Smart Ticketing Alliance and GlobalPlatform sign MOU

July 29th, 2015

The Smart Ticketing Alliance (STA) has signed a memorandum of understanding with standards body GlobalPlatform to establish an interoperable framework for smart ticketing in the public transport sector. “The STA will provide the business input to assist GlobalPlatform in developing an end-to-end simplified service framework for the public transport industry,” GlobalPlatform says.

MasterCard token platform close to Australia launch

July 28th, 2015

MasterCard’s token platform MasterCard Digital Enablement Service (MDES) could soon be rolled out across Australia following its launch in the US in September 2014. Country manager Andrew Cartwright said the final launch date of the tokenization service depended on the banks, but he expected it would be released in the “very near term”, The Australian Financial Review reports.

Burger King adds MasterPass to US app

July 28th, 2015

Burger King is to add MasterCard’s MasterPass functionality to its mobile app, allowing customers in the US to find the nearest restaurant, explore the menu and pay directly with their phone. “The platform securely stores payment and shipping information which is readily accessible when a consumer checks out using the ‘Buy with MasterPass’ button and logs into their account,” MasterCard says.

HSBC and First Direct go live with Apple Pay in UK

July 28th, 2015

HSBC and First Direct customers in the UK can now add their debit and credit cards to Apple Pay, allowing them to use their iPhone, Apple Watch or iPad to pay at more than 250,000 locations. The banks were a notable absence from the list of supporting financial institutions when the mobile payment service launched in the UK earlier this month.

Wearable payments to reach $501bn by 2020

July 27th, 2015

Payments made using wearable devices such as smart watches, fitness trackers and wristbands will grow from US$3.1bn in 2015 to $501.1bn worldwide by 2020, research from market intelligence firm Tractica finds. “By that time, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of total cashless transactions in retail,” the firm adds.

OneBit tests Bitcoin payments via NFC

July 27th, 2015

Bitcoin mobile wallet provider OneBit has begun alpha testing its mobile payment service which works via NFC at the point of sale wherever MasterCard is accepted. “It will no longer be about whether or not a certain store accepts Bitcoin because the app executes the payment in the local currency,” Cryptocoins News reports. “The company will be announcing a more public version of the software in the coming months.”

US shoppers buying into mobile payments

July 27th, 2015

Almost one in five US consumers (18%) have used a mobile device to make either an in-store or online purchase, up from 16% in 2014 and 12% in 2013, research from Synchrony Financial reveals, based on nearly 7,000 Synchrony Bank cardholders and shoppers nationwide. “Value propositions, including free shipping, loyalty programs and personalised offers, continue to be important,” the company adds.

Square ‘files for public offering’

July 27th, 2015

Mobile POS provider Square is reportedly set to go public after the company filed confidentially for an initial public offering. “Square has been working with Goldman Sachs Group, Morgan Stanley and JPMorgan Chase & Co,” Bloomberg reports. The company first surfaced in 2009 and most recently unveiled a new mobile POS device to enable small traders to accept Apple Pay in the US.

In-store tests for CurrentC mobile wallet

July 24th, 2015

US retailer-owned mobile payments consortium MCX is to test its CurrentC mobile wallet in stores next month, Bloomberg reports, adding: “MCX expects to formally introduce the CurrentC app some time in the third quarter.” MCX unveiled the CurrentC brand in September 2014 and confirmed to NFC World it would launch in a “mid-sized market” in April.

25% of Brits to make NFC mobile payment this year

July 24th, 2015

A quarter of British consumers (25%) expect to make an NFC mobile payment in the next year, research from MasterCard reveals. Seven in 10 of the 1,044 respondents worry that if they lost their phone someone could use it to buy things, while more than half fear their phone could be hacked. Four in 10 plan to wait for others to confirm NFC mobile payments are safe before trying it themselves.

Apple Pay adds 35 US banks

July 23rd, 2015

Apple has added an additional 35 banks and credit unions to the list of US financial institutions that support Apple Pay. “Apple Pay now has over 375 participating issuers nationwide and dozens more plan to support the NFC-based mobile payment service in the future,” MacRumors reports.

Apple Pay to hit 1.5m US locations by year end

July 22nd, 2015

Apple Pay is “on track” to be accepted at more than 1.5m locations across the US by the end of 2015, including at some 700 universities and colleges such as Auburn University, the University of California Irvine, Colorado State University, the University of Kentucky and the University of Oklahoma. “In the US, we’ve seen fantastic support from merchants of all sizes,” Apple CEO Tim Cook said during the company’s third quarter earnings call.

LivQuick raises $1.6m for mobile wallet

July 22nd, 2015

Mumbai-based LivQuik, the company behind mobile payment service QuikWallet, has raised US$1.6m from existing investor Snow Leopard Ventures to scale its team, technology and merchant base. “Payment options include SMS, NFC, QR codes, mobile applications and POS software,” IndianWeb2 reports. “Currently, it caters to 1,000 merchants. It has around 100,000 users.”

Apple to show ads based on prepaid balance?

July 21st, 2015

Apple could begin sending targeted advertising to users based on the amount of prepaid funds they have available, according to a newly published patent application. “Goods and services are marketed to particular target groups of users sharing a common profile which may be selected to increase the likelihood of the users responding to the advertisements,” the patent says. “The common profile of users may be based on the amount of prepaid credit available to each user.”

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