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Archive: News in brief

Tech firms face more regulation on payment services

September 24th, 2015

Regulators are looking more closely at whether technology companies that provide financial services should be supervised more heavily, according to HSBC chairman Douglas Flint. “Regulators all around the world are reflecting on the extent to which internet companies are conducting banking business and at which point they should be licensed as a bank,” Flint said, as reported by Reuters.

Barclays’ Pingit partners with Verifone

September 23rd, 2015

Some 20,000 online retailers in the UK that use Verifone’s Payware Ocius m-commerce gateway will now be able to accept online payments through Barclays’ mobile payments app Pingit. “Verifone and Barclays will also look at broadening the acceptance of Pingit via Verifone at physical retail and POS payment terminals,” Barclays says. The partnership expands Pingit to a total of 90,000 online stores.

Indian mobile wallet market to reach US$6.6bn by 2020

September 23rd, 2015

India’s mobile wallet market will be worth US$6.6bn by 2020, research from TechSci Research reveals. “The mobile wallet market in India is projected to exhibit exponential growth during the forecast period on account of rising smartphone penetration rate, growing mobile internet user base and increasing government support,” the company says. “Mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users.”

Starbucks rolls out mobile ordering across USA

September 23rd, 2015

Coffee chain Starbucks is to make its Mobile Order & Pay service available across the US so customers nationwide can place and pay for orders in advance using their iOS and Android devices. “Starbucks plans to introduce this feature in select company owned stores in the UK and Canada in October,” the chain says. Starbucks launched the service in December 2014 and expanded it in March and June 2015.

CTIA visitors get NFC badges

September 23rd, 2015

PARTNER NEWS: Visitors at CTIA Super Mobility Week 2015 in Las Vegas and IBC 2015 in Amsterdam were able to capture and exchange business cards with other attendees using NFC badges powered by NXP’s Mifare DESFire EV1 chips. NFC event solutions provider ITN International’s BCard Reader and Interact mobile apps let visitors use their NFC mobile devices to read other attendee’s badges, add notes and save contacts.

HTC lists devices supporting Android Pay

September 22nd, 2015

Handset maker HTC has released a list of its Android Pay supporting devices following the mobile payment service’s launch across the US earlier this month. A standalone Android Pay mobile app became available on the Google Play store on September 18 to allow all US consumers with a compatible device to download and use the service.

Six in ten US consumers yet to receive an EMV card

September 22nd, 2015

Close to six in ten US consumers (59%) have not yet got an EMV card and only 32% of those who have are aware that the US is moving to EMV payments, ABI Research has found. “67% indicated they have not received information from their credit card issuer or bank explaining what EMV means and how it will impact them,” the company adds.

Webinar today: How to develop a mobile payments roadmap

September 22nd, 2015

Join NFC World and Gemalto at 3pm BST today to find out how issuers and processors can draw up a mobile payments strategy that combines a winning customer service today with a long-term roadmap for the future. More than 500 people have already signed up for this free webinar. You can find out more and sign up to join us here.

One in four US merchants will be EMV-ready by October deadline

September 21st, 2015

Only 27% of US merchants will be EMV-ready by the October liability shift, representing a seven percentage point decline from a 34% estimation in March, research from The Strawhecker Group (TSG) reveals. “By December 2015, 44% of US merchants are expected to adopt EMV, however, EMV-readiness will not reach a threshold of at least 90% until 2017 — more than 15 months after the shift,” the company says.

Tascent raises $18.5m for mobile iris ID

September 21st, 2015

Biometric identity solutions provider Tascent has announced a US$18.5m Series A funding round to build out its biometric technology platform. “The Series A round enables Tascent to develop new high-throughput iris recognition and mobile biometric identity solutions, enhancing its product lineup and further expanding its presence in government, enterprise and other market sectors,” the company says.

Apple Pay nears China launch?

September 18th, 2015

Apple has reportedly set up a new company called Apple Technology Services (Shanghai) to bring Apple Pay to China. The company “will launch new major commercial activities — Apple payment services, including adding a new mobile payment feature on Apple’s iPhone and other end products,” Yicai reports. Apple told Agence France-Presse this week that CEO Tim Cook hopes to launch Apple Pay in the country “as quickly as possible”.

Macy’s adopts PayPal in-store mobile payments

September 18th, 2015

US department store chain Macy’s will enable PayPal as a payment option for in-store, online and mobile purchases by the end of September 2015. “In-store customers can checkout via Payment Code on the PayPal app or on the Macy’s app which enables consumers to scan a QR code on their mobile device,” PayPal says. The integration will also enable PayPal’s One Touch checkout for online and mobile.

Best Buy begins support for Apple Pay and Android Pay

September 18th, 2015

US retail chain Best Buy has begun rolling out its planned support for Apple Pay as well as Android Pay. “A new YouTube video and Reddit thread confirm customers making successful debit and credit card purchases using both Apple Pay and Android Pay at separate Best Buy stores in California,” MacRumors reports. Best Buy’s three-year exclusivity period with payment consortium MCX expired in August.

iPad Mini 4 includes NXP NFC chip

September 18th, 2015

A teardown conducted by iFixit shows that Apple has included an NXP 65V10 NFC controller chip in its new iPad Mini 4 tablet. The same chip was included in the iPad Mini 3 and the iPad Air 2 as well as the iPhone 6 and iPhone 6 Plus.

Future Group to launch mobile wallet in India

September 17th, 2015

Indian retail conglomerate Future Group is in the process of launching its own mobile wallet, CEO Kishore Biyani has revealed. “In the next two years, we will have more than 40 wallet companies in the country; there has to be value addition in whatever idea you do. We are also launching our wallet now,” Biyani told visitors to the India Retail Forum (IRF), Business Standard reports.

500,000 Koreans sign up for Samsung Pay

September 17th, 2015

Samsung Pay has signed up more than 500,000 users since its introduction in Korea in August 2015. “If this trend continues, it seems to be only a matter of time to surpass 1m subscribers in 1 to 2 months,” Business Korea reports. “Both the ICT industry and Samsung Electronics are apparently surprised.” The company is expected to launch Samsung Pay across the US later this month.

iOS 9 adds loyalty cards to Apple Pay

September 17th, 2015

Apple has begun rolling out its latest software update, iOS 9, which brings store credit cards and reward cards to Apple Pay. “Soon you’ll be able to add your favourite store credit cards and reward cards to your Wallet app to make purchases and redeem rewards,” the company says. Apple announced its plans to add loyalty cards to its mobile payment service in June 2015.

Pittsburgh Penguins fans get BLE offers

September 17th, 2015

Fans of the Pittsburgh Penguins ice hockey team will receive exclusive content on their mobile device when attending games at the Consol Energy Center throughout the 2015-2016 season via Bluetooth Low Energy (BLE) beacons. “Beacon-triggered content will include greeting fans as they enter the arena with special content, an interactive experience at the Mario Lemieux statue and concession offers and discounts,” platform provider Rover says.

Chase redeems rewards in stores

September 16th, 2015

Chase has introduced Android and iOS apps for Chase Freedom cardholders that allow them to redeem cashback rewards at the register on their mobile phone. “Redeem by selecting the merchant and enter the amount of rewards to use,” Chase says. “Pay using a custom e-gift card created directly on the device.” Participating retailers include Starbucks, Target, Toys R Us, TGI Fridays and Regal Entertainment Group.

Gemalto talks Android Pay

September 16th, 2015

PARTNER NEWS: In a blog published this week, digital security giant Gemalto discusses the launch of Android Pay and the impact it will make on the industry.  “Now that the majority of US consumers have access to mobile payments, we’re excited to see how the industry developers,” writes Gemalto’s Rémi de Fouchier. “It’s looking like 2016 might be the year that NFC mobile payments finally hit the mainstream.”

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