Friday 28 November 2014 | RSS

 
Feedback
 

Archive: News in brief

Google Wallet adds refer-a-friend program

November 20th, 2014

Google has introduced a refer-a-friend program to reward consumers with US$5 each time they introduce a friend to Google Wallet. “Simply send money (even a penny works) to a friend of yours who doesn’t have a Google Wallet balance yet,” the company explains. “When they claim the money and verify their identity, you’ll each receive $5 in your Wallet balance.”

SunTrust adds Apple Pay

November 19th, 2014

SunTrust Banks is now offering Apple Pay to its clients and merchants, joining a long list of US banks already supporting the NFC mobile payment solution. “We are constantly looking for ways to improve the financial well-being of our clients and part of that is offering solutions that make banking simpler, more convenient and safer,” says Atlanta-based SunTrust’s Beverly Ladley.

US mobile payments to reach $142bn in 2019

November 19th, 2014

US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester. However, that number will be “just a drop in the ocean of total US consumer spending,” ComputerWorld reports, representing just 1% of the total US$16trillion consumer payments market.

inMarket hits 18% of US mobile shoppers

November 18th, 2014

Mobile in-store marketing solution provider inMarket’s iBeacon platform now reaches 31.5m monthly active consumers, the equivalent of 18% of all US mobile users, according to research conducted by Comscore. “Our beacon program works because we reach shoppers in stores via the shopping apps they already use and love,” says CEO Todd Dipaola. “Ultimately, success in beacons comes down to scale, context, and user experience.”

Bi-Lo adds Apple Pay

November 18th, 2014

Bi-Lo Holdings, parent company of the Bi-Lo, Harveys and Winn-Dixie grocery store chains, has announced that it now supports Apple Pay in all of its 830 outlets in eight US states. “Bi-Lo Holdings is prioritising digital mobile solutions for our customers and Apple Pay is an exciting first step in our journey,” says the company’s Bert DuMars.

Post Office offers Tweet-to-donate service

November 18th, 2014

The Post Office has launched Tweet to Donate, a service developed with IMImobile that allows Twitter users to tweet cash donations to the UK’s Children in Need charity. “Users who would like to make a donation simply follow the Post Office on Twitter and tweet the hashtag #MakeMeAHero,” IMImobile explains. “Users then receive a direct message with a link to a landing page through which they can donate £1, £3 or £5. The donation will be debited from the user’s phone bill or the pay-as-you-go balance.”

Venmo adds TouchID

November 18th, 2014

Users of the Venmo mobile payment app can now sign in with Apple’s TouchID feature on the iPhone 5S, 6 and 6 Plus. “If you have a Apple device with TouchID, you can now use your fingerprint instead of a PIN to access the Venmo app,” the company says.

SnapChat adds cash transfers

November 18th, 2014

SnapChat and Square have teamed up to launch Snapcash, a service that builds on Square Cash to let SnapChat users send cash transfers to friends from within the photo messaging app. “After you enter your debit card, it’s securely stored by Square, who will swiftly process your payment and send cash directly to your friend’s bank account,” SnapChat says. “Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button.”

Dongle-free mPOS on its way

November 18th, 2014

Oberthur Technologies (OT) has teamed up with NFC mPOS services provider Mobeewave for Flying mPOS, a solution that will enable NFC devices equipped with Oberthur’s Pearl embedded secure element to be used as a mobile POS terminal — without the need for a separate dongle or other add-on. “The commercial product will receive all Visa and MasterCard approval,” Mobeewave’s Vincent Alimi has told NFC World+.

TfL reports 12m contactless payments

November 17th, 2014

More than 12m public transport journeys have been made using contactless payment cards and devices since Transport for London (TfL) launched the service in September, and contactless already represents close to 8% of all pay-as-you-go journeys on the network, TfL says. One million journeys were paid for with a contactless card in the ten days after launch.

CUP moves to block Alipay

November 17th, 2014

China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.

Apple Pay retailers release stats

November 17th, 2014

Apple Pay accounts for 50% of tap-and-pay transactions at McDonald’s, which accepts “all payment products that leverage standard NFC”, according to a New York Times report. Walgreens has seen its mobile wallet payment volumes double since Apple Pay was launched, the report adds, but Toys R Us says it has seen “relatively few” mobile transactions because customers are “still learning about the new technology”. Whole Foods Market revealed last week that it has processed more than 150,000 Apple Pay transactions.

Softcard adds United MileagePlus cards

November 17th, 2014

United Airlines and Chase are adding support for United MileagePlus credit cards to the Softcard mobile wallet. “Cardholders can now add United MileagePlus credit cards to Softcard, using the app to tap to pay and earn award miles at hundreds of thousands of locations nationwide that accept contactless payments,” Softcard says.

Survey: Contactless adoption requires security proof

November 17th, 2014

Two out of three Americans would consider making mobile or contactless payments more often if they were proven to be secure, a survey of 1,000 US consumers conducted by Kelton Research for Gemalto has found. Currently, however, 69% are concerned about mobile payments security and 62% are worried about the security of contactless payments.

Finnish cafes to test face recognition

November 17th, 2014

A number of cafes in Helsinki, Finland, are to begin testing a payments service developed by Uniqul that uses the geometric proportions of a customer’s face to verify their identity, Yle reports. The technology can be incorporated into existing cash registers, the startup says. “All the customer needs to do when purchasing something with this application is to press an OK button,” Uniqul CEO Oscar Tuutti explains.

Westpac NZ offers NFC stickers

November 17th, 2014

Westpac New Zealand is to offer customers contactless stickers they can attach to the back of their mobile phone to make NFC payments at more than 15,000 contactless POS terminals across the country. “The Optelio contactless sticker embeds a secure EMV microprocessor that will be linked to Westpac customers’ credit or debit cards,” supplier Gemalto says.

Melbourne beacon trial disappoints

November 17th, 2014

Arts Centre Melbourne is rethinking its approach to using Bluetooth beacons after a disappointing pilot that used the technology to send out food and beverage offers to visitors during October’s Melbourne Festival. “I’m not exactly sure our audience respond to a retail approach in a cultural arena,” the centre’s Kristen Eckhardt told CMO. “There’s a bit of a disconnect perhaps; prompting an unplanned visit to a cultural institution through this technology might be too big a leap for this particular audience.”

Google exits digital goods payments

November 17th, 2014

Google is to “retire” its Google Wallet for digital goods API and has told merchants who currently let customers pay for digital goods via Google Wallet on their websites that they will need to remove API calls to the service by 2 March 2015. Those who exclusively use Google “will need to transition to an alternate solution”, the company says. Support will continue for both in-app payments and apps sold via the Google Play store, Google adds.

Brooklyn Nets launch mobile wallet

November 14th, 2014

American Express has partnered with New York basketball team Brooklyn Nets to pilot Brooklyn eWallet, a digital payment solution integrated into the team’s mobile app that lets fans buy food and drink with their mobile phone at any event held at the Barclays Center arena. Fans can link up to 10 credit, charge, debit or prepaid cards to their wallet to fund purchases by taking a picture of their card. They can then make payments at participating concession stands by scanning a QR code generated by the merchant.

SimplyTapp raises US$6m to grow HCE

November 12th, 2014

Host card emulation (HCE) specialist SimplyTapp has closed a US$6m Series B funding round. The round was led by a new, undisclosed lead investor with both Lightspeed Venture Partners and Blue Sky Capital participating. The funds will be used to expand operations, CEO Doug Yeager has told NFC World+.

Page 2 of 6012345...102030...Last »