Tuesday 6 October 2015 | RSS

  • Featured partners
  • About our partners

Archive: News in brief

Sekur.me brings Apple Pay online

May 20th, 2015

Online authentication provider Sekur.me has made it possible for merchants to accept Apple Pay for online payments for the first time, via a Universal Buy Button that works with a wide range of platforms and gateways, browsers and on both Android and iOS devices. “Sekur.Me can work with payment methods like Apple Pay or directly with any payment gateway, with PayPal and Google Wallet support in the works,” says CEO Jack Bicer. Apple Pay has previously only been available for in-store and in-app payments.

iZettle adds support for NFC and contactless payments

May 20th, 2015

Sweden-based mPOS provider iZettle has begun distributing a contactless-enabled terminal to select partners in the UK that will allow them to begin accepting NFC mobile payments, as well as contactless and chip and pin transactions. The Card Reader Pro Contactless terminal will be rolled out more broadly in June with other countries to follow in the “coming months”. It will retail for about £79 (US$122) with price variations depending on markets.

MasterCard launches P2P payments service

May 20th, 2015

MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account. “Through a single connection to the MasterCard Send platform, businesses, merchants, governments, non-profits, issuers and other senders can send money to consumers whether they are banked or unbanked, located domestically or abroad,” the company says. “This includes the receipt of funds on MasterCard and non-MasterCard cards, into mobile money and bank accounts and via cash agent outlets.”

Apple gets Concert Ticket+ patent

May 20th, 2015

The US Patent and Trademark Office has granted Apple a patent for its Concert Ticket+ concept, first unveiled in 2010. “Apple’s newly granted patent covers their invention relating to tickets to events and to obtaining, storing and accessing tickets to events and benefits associated with such tickets using an electronic device,” Patently Apple reports. It adds the original patent went on to help form the Passbook application, and is now “directly related to the use of Apple Pay”.

US to get same day ACH payments

May 20th, 2015

Members of the Electronics Payments Association (NACHA) have approved Same Day ACH (Automated Clearing House), an amendment to the NACHA Operating Rules that will enable same-day money transfer for “virtually any” ACH transaction. “Same Day ACH will build upon existing, next-day ACH Network capabilities and establish a new option for same-day clearing and settlement via ACH,” the organisation explains. The move, which will be implemented in a “phased approach”, will greatly accelerate the speed at which money can move through the US financial system.

Apple Pay now live at nearly 300 banks and credit unions

May 20th, 2015

Apple has added a further 35 financial institutions in the United States to its list of participating banks and credit unions, taking the total number of card issuers it works with to nearly 300. “It’s worth noting that some banks, credit unions and financial institutions listed may have already had support for the contactless payments service and are only now being reflected on Apple’s website,” MacRumours reports.

Amazon’s Gauthier: NFC is “last century’s problem”

May 19th, 2015

“Anyone working on NFC is focusing on last century’s problem,” Patrick Gauthier, the new vice president of payments at Amazon, has told Mashable in an interview in which he also indicates that he believes competitors in the mobile payments space — including Apple and Google — have “lost sight of what it is we’re here to do.” Until January, Gauthier headed up emerging retail services at PayPal, a company once anti-NFC which now appears to have changed its mind about the technology.  

US millennials lead the way for mobile payments

May 19th, 2015

Some 41% of US millennials aged between 18 and 34 are now using mobile payments, compared to 18% of 35- to 44-year-olds, 14% of 45- to 54-year-olds, 10% of 55- to 64-year-olds and 8% of those aged over 65, research from POS supplier Harbortouch has revealed. One in four of the 1,000 respondents surveyed also believes the restaurant industry is the most likely to widely adopt mobile payments in the near future.

Starbucks denies mobile payment hack

May 19th, 2015

Starbucks has issued a statement denying its mobile payment app has been hacked, following a report by investigative journalist Bob Sullivan. The article claimed hackers had recently stolen money from several Starbucks customers by gaining access to their credit card information through the coffee chain’s app and using the auto-load function. “Starbucks takes the obligation to protect customers’ information seriously,” the company says. “News reports that the Starbucks mobile app has been hacked are false.”

Axis to make 50,000 terminals contactless in India

May 19th, 2015

India’s Axis Bank is to enable all of its 50,000 merchant point-of-sale terminals to accept contactless payments by the end of this year in order to “facilitate significant usage of contactless NFC-based cards issued by all banks”. The move follows the Reserve Bank of India’s relaxation of its requirement for two-factor authentication for contactless payments up to a value of Rs2,000 (US$31).

Face++ raises $25m for selfie payments

May 19th, 2015

Face++, the Chinese facial recognition technology startup behind Alibaba’s selfie payments service, has secured an additional $25m in a series B funding round, taking the total raised to $47m. Existing investors Qiming Venture Partners and Innovation Works contributed to the round, the company told TechCrunch.

Apple in buy out talks with Clinkle?

May 18th, 2015

Apple has reportedly been in acquisition talks with troubled mobile payments startup Clinkle amidst claims that seven of the company’s staff quit their roles last week following frustration with CEO Lucas Duplan. “This is only the latest bad news after years of ridicule for its massive $30m funding round despite lacking a publicly available product, and highly critical reports of Duplan’s leadership through repeated layoffs at Clinkle,” TechCrunch reports.

Trader Joe’s gears up for Apple Pay

May 18th, 2015

US grocery chain Trader Joe’s is reportedly gearing up to begin accepting Apple Pay NFC payments in its stores. “Kiosks at Trader Joe’s checkout counters have been seeing upgrades in recent weeks and months to VeriFone touchscreen machines,” AppleInsider reports. “Some of these payment terminals already advertise that they accept Apple Pay.” Trader Joe’s has more than 400 locations across the country.

Samsung Wallet to close on June 30th

May 18th, 2015

Samsung is to discontinue its Samsung Wallet service on 30 June 2015 as it gears up to roll out Samsung Pay later in the year. “We are sorry to inform you that the app and its related content will not be accessible after the termination date,” the company explains in an email sent to Samsung Wallet users and seen by Sammobile.

Google to launch mobile buy buttons?

May 18th, 2015

Google is expected to add buy buttons to search results pages on mobile devices in the coming weeks that will guide consumers to product pages where they can pick sizes, colours and shipping options before completing a purchase. “The buttons will accompany sponsored or paid search results, often displayed under a ‘Shop on Google’ heading at the top of the page,” WSJ reports. “Retailers including Macy’s are in talks with Google about taking part in the launch.”

India gets PIN-free contactless payments

May 15th, 2015

Contactless users in India can make payments of up to Rs2,000 (US$31) without using a PIN, following the Reserve Bank of India’s relaxation of its requirement for two-factor authentication. “Beyond this transaction limit the card has to be processed as a contact payment, and authentication with PIN will be mandatory,” the bank says. “Banks have been advised to put in place suitable velocity checks as considered appropriate.”

US mobile payments to hit $487bn

May 15th, 2015

US mobile proximity payments will rise to US$487bn gross dollar volume (GDV) by 2020, up from $7.5bn GDV this year, Aite Group forecasts. “While mobile proximity payments will grow quickly as NFC distribution becomes universal and customers begin to use the platforms,” says author Thad Peterson, “mobile commerce will drive more transaction volume than mobile proximity payments in the next five years.”

Global biometrics market to hit $14.9bn by 2024

May 15th, 2015

The global biometrics market will increase from US$2bn in 2015 to $14.9bn by 2024, with cumulative revenue for the 10-year period reaching $67.8bn, market intelligence firm Tractica forecasts. “Biometric modalities that are likely to generate the most revenue include fingerprint, iris image and voice recognition,” the company says. “Key use cases include consumer device authentication, mobile banking, ATMs, government IT systems, POS transactions, pharmacy dispensing and wearable device authentication.”

UK contactless payments up 150%

May 15th, 2015

The number of contactless transactions in the UK has risen 150% in the last six months, with the average transaction now valued at £7.24, payments processor Worldpay has revealed. Credit and debit card transaction volumes are also on the rise across the country, with card payments up 9.3% in London, followed by Leeds (8.9%), Reading (8%), Southampton (7.9%), and Liverpool (7.7%).

Samsung ‘paid $250m for LoopPay’

May 14th, 2015

Samsung paid about US$250m to acquire LoopPay, developer of the magnetic secure transmission (MST) technology that will form a key part of Samsung Pay when it launches later this year, according to Recode. The figure could rise based on executive or company performance but “the terms of the earnouts are not known”.

Page 20 of 90« First...10...1819202122...304050...Last »