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    Archive: News in brief

    Payleven raises $10m for mPOS growth

    February 11th, 2016

    European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m. “The newly secured investment provides Payleven with additional growth capital,” the company says. Payleven introduced a chip and PIN reader that supports NFC in 2014.

    GSMA publishes IoT security guidelines

    February 11th, 2016

    The GSMA has published a set of security guidelines for service providers developing new Internet of Things (IoT) products and services. “The mobile telecommunications industry has a long history of providing secure products and services to their customers and would like to share their security expertise with IoT service providers,” the GSMA says.

    Security update fixes Apple Pay flaw

    February 11th, 2016

    Apple has released a security update that fixes more than 100 iOS bugs, including a vulnerability in Apple Pay that allowed third parties to see sensitive information as a payment was made. “The security issue would have allowed hackers to trace the recent transactions that users made through Apple’s mobile payment system,” Tech Times reports. “All the information regarding the transactions could be obtained by hackers through the log feature of the platform. With the update, the functionality has been entirely removed.”

    Ireland looks to NFC payments for public transport

    February 11th, 2016

    Commuters on Dublin Bus and Iarnród Éireann rail services may soon be able to pay for transport with a tap of an NFC device under plans put forward by public transport operator CIÉ. “Plans published by CIÉ show that it wants to upgrade its IT systems to accommodate new forms of payments, including Apple Pay, Samsung Pay and Stripe,” Independent.ie reports. “The semi-state transport company is also eyeing alternative payment systems such as Android Pay, MasterPass and Visa Checkout.”

    Mobeam update brings loyalty to POS scanners

    February 11th, 2016

    Mobeam has updated its mobile coupon and offer app Beep’nGo to let customers use retail loyalty cards, gift cards and barcode coupons on their smartphone at checkout scanners for the first time. “Mobeam currently operates with more than 330m Samsung Android phones and the company is in talks with other manufacturers to expand the technology,” Mobeam says of its infrared light based barcode system. The app currently has more than 10m installs.

    Apple Pay glitch prevents users adding Visa cards

    February 10th, 2016

    Apple has now resolved a service outage that meant users were unable to add credit cards and debit cards to Apple Pay for almost seven hours today. “The issue only appears to be affecting Visa cards, not American Express, MasterCard or Discover cards,” 9to5mac reported. “Making payments with Apple Pay and Visa cards also appears unaffected as the issue is only with adding new cards to Apple Pay.”

    Mobile savings club scoops innovation award

    February 10th, 2016

    PARTNER NEWS: Mahindra Comviva and mobile money and payments provider EcoCash have won the Best Mobile Innovation prize at the sixth Kalahari Awards for the EcoCash Savings Club. “EcoCash Savings Club, powered by Mahindra Comviva’s Mobiquity Money platform, is a group saving service which digitizes traditional savings clubs in Zimbabwe,” Mahindra Comviva says. “It is aimed at the self-employed, informal sector entrepreneurs, street vendors, and women’s groups who were limited to informal group savings previously as they were considered financially ineligible by mainstream banks.”

    Visa offers mobile card controls

    February 10th, 2016

    Consumers will soon be able to stop transactions taking place if their card is lost or stolen, set spending controls and receive transaction alerts on their smartphone via a new service launched by Visa. “Financial institutions who adopt Visa Consumer Transaction Controls will be able to offer the service through their mobile banking application, mobile wallet or website,” Visa says. “Issuers can choose the features to provide to their consumers.”

    Kiwis warm to mobile payments and biometrics

    February 10th, 2016

    More than four in ten New Zealanders (41%) would consider using NFC mobile payments today and 44% believe mobile payments will be the next thing to take off, followed by biometrics/facial recognition/fingerprints (21%) and wearable technology (18%), research from MasterCard reveals. 49% expect they will not use cash in ten years’ time, with more than a third believing retailers need to do more to embrace new payment technologies.

    Apple Pay reaches mobile app inflection point

    February 10th, 2016

    Apple Pay has seen an acceleration in mobile app acceptance across the US, according to Piper Jaffray analyst Gene Munster, who calls it an “inflection point” in a recent investor note reported by Quartz. “While most attention has been paid to which retail stores have started accepting Apple Pay, the iPhone-based payment service has quietly made serious progress in mobile commerce,” the publication says. Apple Pay is also leading POS mobile payments in the US, according to the firm.

    3bn loyalty cards will move to mobile by 2020

    February 9th, 2016

    More than 3bn loyalty cards will operate as mobile-only or will be integrated into mobile apps by 2020, up from 1.4bn last year, Juniper Research predicts. “Brands and retailers are increasingly responding to consumer demand for mobile integration, with many now offering customers the opportunity to store their loyalty cards within a dedicated digital wallet,” the research firm says.

    Super Bowl fans explore Bay Area with BLE beacons

    February 8th, 2016

    Attendees at Super Bowl 50 over the weekend were notified of related events, points of interest and prizes on their smartphones via a mobile app and Bluetooth Low Energy (BLE) beacons installed in locations across the San Francisco Bay Area. The beacons were deployed by Gimbal.

    Apple Pay adds 32 banks in the US

    February 8th, 2016

    Apple has added a further 32 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “Apple Pay now has 1,000 participating issuers nationwide,” MacRumors reports.

    White paper lays out NFC solutions for in-home healthcare providers

    February 8th, 2016

    A five-page white paper that explains the advantages of NFC for in-home healthcare providers is now available to download from the NFC World+ Knowledge Centre. ‘Deliver secure quality in-home patient care using the simplicity of NFC’ has been produced by security system supplier HID Global and compares different electronic visit verification technologies and explains how they address key areas of healthcare fraud.

    FitPay closes $3.1m round led by G&D

    February 5th, 2016

    Wearable payments provider FitPay has closed a US$3.1m seed funding round led by Giesecke & Devrient (G&D). “FitPay’s payment platform uses NFC technology combined with card network tokenization to interact with POS terminals at retail locations,” the company says. “FitPay’s Trusted Payment Manager platform allows contactless payment capabilities on a wide range of wearable devices.” FitPay developed a smartstrap to enable NFC payments on Pebble Time smartwatches in November 2015.

    Samsung looks into vein authentication

    February 5th, 2016

    A patent filed by Samsung describes how a sensor on a smartwatch or other wearable device could authenticate identity by reading the user’s vein structure. “A wearable device may capture an image of a portion or all of the user’s body and may identify the user wearing the wearable device based on the captured image,” the patent says. “For example, a smartwatch may be worn on the user’s wrist to capture an image of the user’s veins in order to identify a user.”

    Apple Pay available in more than 2m US retail locations

    February 5th, 2016

    Apple Pay is now available in more than 2m US retail locations, according to Bloomberg, with the Crate & Barrel, Chick-fil-A and Au Bon Pain chains also due to roll out the service soon. “In addition to pushing past its goal to make Apple Pay available in 1.5m retail locations by the end of 2015, the company said the feature’s in-app purchase volume more than doubled in the last six months of the year compared with the first half,” Bloomberg reports.

    Apple begins selling Square contactless reader

    February 4th, 2016

    Apple has begun selling mobile POS provider Square’s US$49 contactless readers in its US stores as well as online. Square unveiled the NFC mPOS terminals during Apple’s WWDC in June 2015 and offered the first 250,000 free of charge. It began shipping devices in December.

    Viber to add money transfers to messaging app

    February 4th, 2016

    The more than 664m users of messaging app Viber will soon be able to send money to friends and family from anywhere in the world thanks to an integration with money transfer network Western Union. Users will need to add their debit, credit card or bank account to fund the transfers, which can be sent to Western Union locations for collection or transferred to a mobile wallet or bank account.

    European Central Bank to develop P2P service

    February 4th, 2016

    The European Central Bank is working on a system that would let consumers transfer money to each other based on a phone number or email address. “Immediately after transfer, the money is in the account of the receiver, regardless of the bank of the receiver or where he lives,” RTL Z reports. “Thanks to this system, you no longer have to remember your IBAN [international bank account] number or enter the recipient’s IBAN number.”

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