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Archive: News in brief

First Internet offers Touch ID login

May 7th, 2015

Customers using US-based First Internet Bank’s personal mobile banking application are now able to log in using their fingerprint and Apple’s Touch ID feature. The functionality is available to those running the bank’s app on the iPhone 5S, iPhone 6 and iPhone 6 Plus, with support for the iPad Air 2 and iPad Mini 3 expected in the future.

Bell ID makes case for banks to become TSPs

May 6th, 2015

PARTNER NEWS: Tokenization solutions specialist Bell ID has drawn on experience gained from multiple live projects around the world to make the case for why a bank would become a token service provider (TSP) and manage its own token vault. In a detailed blog post, the company’s Hugo Crawford outlines the challenges, the solutions and the outcomes for a hypothetical European bank.

Apple Pay now live at more than 240 banks

May 6th, 2015

Apple has added a further 24 financial institutions to its list of participating banks and credit unions, taking the total number of card issuers it works with to more than 240. “Apple is continuously building out its Apple Pay backbone,” AppleInsider reports. “In March, Apple added 39 participating banks and credit unions, a feat repeated in April.”

Nearly half of payment cards shipped in 2014 were contactless

May 6th, 2015

Contactless technology was built into more than 42% of smart payment cards shipped in 2014, up from 37% in 2013, the Smart Payment Association has revealed. More than 2.05bn chip payment cards were shipped around the world last year, just three years after global shipments exceeded the one billion mark in 2011. Growth in the Chinese and US markets contributed to the increase, says the association.

AMS picks up award for NFC chip

May 6th, 2015

AMS has won a Sesames award in the emerging payments category at Cartes America for its AS39230 BoostedNFC IC, the chip used by Apple in its iPhone 6 and Apple Watch devices. The boosted analog front end chip can “secure NFC mobile payments by delivering unparalleled NFC performance, even in devices with room for only a tiny antenna,” AMS says.

Home Depot to accept Apple Pay in 2,000 stores

May 6th, 2015

US retail giant Home Depot is planning to offer Apple Pay at its more than 2,000 stores, a rollout that would make it the largest retailer yet to accept the mobile payments service — though a deal with Apple is not yet in place. “It’s something we’d like to do,” the retailer’s Steve Holmes told Bloomberg, while mentioning that the chain may also add support for “other kinds of mobile payment”.

“iPad Pro” to include NFC?

May 5th, 2015

Apple is rumoured to be working on a larger iPad which will include NFC, potentially turning the tablet into an Apple Pay POS terminal. “While tap-to-pay functionality in an iPad is unlikely, the inclusion of NFC could allow for an ‘iPad Pro’ to serve as a payment receiving terminal for Apple Pay,” Apple Insider speculates.

92% of UK mobile users to make a mobile payment in 2015

May 1st, 2015

More than 31m UK mobile users (92%) will make a payment using their mobile device in 2015, multichannel sales specialist Oxygen8 has found. Some 24% say their spend on mobile would increase as additional payment platforms become available at the point of purchase, and the research also reveals that 31.7m people in the UK have connected with an average of six businesses using their mobile device.

Chip and PIN faces slow take-up in US, says Forrester

May 1st, 2015

EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.

Digital Insights adds Touch ID to banking apps

May 1st, 2015

Digital banking solutions provider Digital Insight is to offer Apple’s Touch ID fingerprint verification in the iOS mobile banking applications it supplies to financial institutions later this year. “The speed and ease of use of Touch ID will provide financial institutions another innovation to offer their customers and members, and further help them differentiate in the marketplace,” said senior product manager Dan Weis.

Tencent’s mobile OS to offer payments

May 1st, 2015

Chinese internet giant Tencent has released a mobile operating system that is set to include mobile payments functionality. TencentOS is designed for wearables, smartphones and other connected devices, and is part of TOS+, the company’s “intelligent hardware open platform strategy”. “The Shenzhen-based company will work with partners to integrate the software into devices including smart glasses,” Bloomberg reports.

Samsung Pay could work on smartwatches

April 30th, 2015

Samsung managing director Park Jin-young hinted during the company’s first quarter earnings call that the forthcoming Samsung Pay system may also work with its smartwatches. The mobile payments service is expected to launch in the US and Korea “in the latter half of the year” with the roll-out schedule for other territories still under discussion, reports WhowiredKorea.

M-Pesa and MTN Mobile Money join up

April 24th, 2015

Users of Vodafone’s M-Pesa and MTN Group’s MTN Mobile Money services in east Africa will soon be able to transfer money to each other following an agreement between the region’s two biggest mobile network operators. MTN and Vodafone will interconnect their mobile money services to “enable convenient and affordable international remittances”. They will also share best practices and work together to define the rules and standards of mobile-based remittances in Africa, the companies say.

Twitter invests in beacon marketer Swirl

April 24th, 2015

Twitter has invested an undisclosed sum in Boston-based proximity marketing specialist Swirl, hinting the social media platform could be looking at using Bluetooth Low Energy (BLE) beacons to push messages. The social media giant has invested alongside Hearst Ventures, Softbank Capital and others in an $18m series-C round, taking the total raised by Swirl so far to $32m.

Vodafone Netherlands adds credit card to Wallet

April 23rd, 2015

Vodafone customers in the Netherlands can now make NFC payments with a mobile version of a credit card. Visa credit cards from International Card Services (ICS) can be added to the Vodafone Wallet app running on Android NFC handset equipped with an NFC SIM. Vodafone Wallet users have been able to make NFC payments with the operator’s own SmartPass prepaid account since March 2014.

Half of digital tickets will be bought on mobile by 2019

April 17th, 2015

More than one in two digital tickets will be bought using a mobile handset by 2019, Juniper Research has forecast. Global ticket purchases via mobile and desktop devices, including smartphones, tablets and PCs, will reach 32bn in the same period, up from an estimated 16.2bn this year. Findings also reveal that one in three airline boarding passes will be issued via mobile devices by the same year.

Jawbone to add NFC payments?

April 15th, 2015

Wearable device maker Jawbone could be about to add NFC payment capabilities to its fitness trackers. The company is expected to announce a mobile payments partnership with American Express this week, reports the Wall Street Journal.

Sabadell HCE wallet to go live in July

April 14th, 2015

Spain’s Banco Sabadell is to make its HCE-based mobile payments service, developed in partnership with MasterCard, available to customers in July. The launch follows a pilot conducted with the bank’s employees using a platform provided by Carta Worldwide. “To use Sabadell Wallet, users will have to have a smartphone with Android operating system (at least in Kitkat version) and NFC availability,” the bank says.

SnapScan rolls out beacon payments in South Africa

April 13th, 2015

South African mobile payments company SnapScan has rolled out Bluetooth beacon based in-store mobile payments at 50 merchants in Cape Town and Johannesburg. The SnapBeacons system pops up a “pay here” button on the customer’s phone as they come within range of a store’s beacon. “SnapScan customers can now simply tap a button in the app to initiate the transaction via Bluetooth,” Ventureburn explains. “A message on the customer’s phone will alert them when the option is available.”

Ebay outlines terms of PayPal split

April 10th, 2015

eBay will be prevented from setting up its own payments company when it spins off PayPal to operate as a standalone business later this year, an SEC filing has revealed. An operating agreement which will remain in effect for six years will allow eBay to offer customers alternative payment providers as long as the company ensures that roughly 80% of its sales continue to be routed through PayPal.

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