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    Archive: News in brief

    US Bank to donate $50,000 to charity through Apple Pay

    November 27th, 2015

    US Bank is to raise up to US$50,000 for the US Marine Corps’ Toys for Tots charity programme by donating $1 whenever one of its customers in Minnesota completes an Apple Pay transaction. “This holiday season, we’re encouraging customers to try using Apple Pay and at the same time support the Toys for Tots campaign,” says SVP Cliff Cook. “Joining us in promoting this additional donation opportunity with Apple Pay are more than 140 small businesses in the Twin Cities.”

    Beacons to drive $7.5bn in holiday season spending

    November 27th, 2015

    Bluetooth low energy (BLE) beacons and proximity marketing solutions will drive US$7.5bn in spending by millennials in the US this holiday season, research from beacon network inMarket predicts. “In 2015, the top five product categories to benefit from in-store proximity engagements were deli items, over the counter medication, wine and spirits, non-alcoholic beverages and snacks,” the company adds.

    Seqr to add P2P transfers to mobile wallet

    November 27th, 2015

    US consumers will be able to make P2P transfers through Swedish firm Seamless’ Seqr mobile payment platform from early 2016, utilising payment provider Dwolla’s infrastructure. “Under the agreement with Dwolla, we can quickly offer Seqr’s US customers a P2P service which is something our customers in Europe already make great use of,” says Seamless’ Peter Fredell. Seqr launched in the US in June 2015.

    Orange France reveals mobile retailing lessons

    November 27th, 2015

    A case study that presents the objectives, key success factors and lessons learned by mobile network operator Orange France when implementing mobile retail solutions for merchants is now available to download from the NFC World+ Knowledge Centre. ‘Orange France: Delivering digital commerce in retail to enhance the customer journey’ has been produced by the GSMA and aims to provide retailers with support for putting in place their own mobile strategy.

    Mahindra Comviva explains hybrid HCE

    November 27th, 2015

    PARTNER NEWS: A new blog post from mobile financial solutions firm Mahindra Comviva explains its hybrid host card emulation (HCE) solution and the different ways mobile network operators and issuers can work together. “Simply put, the hybrid solution leverages the assets under the control of both the MNO and issuers,” the company’s Nitin Jain says. “It is important that the issuers and MNOs join hands.”

    14% of US shoppers will use mobile payments over holiday season

    November 27th, 2015

    More than one in ten US shoppers with a smartphone (14%) plan to make mobile payments using services including Apple Pay or Android Pay this holiday season, research from Bankrate reveals. “Among those who don’t plan to make mobile payments, the top reasons were not secure enough (36%) and other payment methods are more convenient (31%),” the company says.

    London taxis to get contactless payments

    November 27th, 2015

    All London taxis will be required to accept contactless payments from October 2016, Transport for London (TfL) has confirmed. “TfL has negotiated with the credit card industry to bring down the cost for drivers of accepting card payments,” TfL says. “This will reduce transaction fees paid by cabbies from up to 10% to 3% or less of the transaction. Taxi drivers will recoup their transaction costs through a proposed 20p increase on the basic fare.”

    Swatch partners with Visa to roll out NFC payment watch in US and Switzerland

    November 26th, 2015

    Luxury watchmaker Swatch has signed a contract with Visa to roll out its Bellamy NFC payment watch following its debut in China in October 2015. “[Swatch CEO] Nick Hayek confirmed that a contract was signed with Visa he gave no further details,” Le Temps reports. The newspaper says that the brand is preparing to launch Bellamy in countries including the US and Switzerland in early 2016.

    Diners Club launches mobile payments in Ecuador

    November 26th, 2015

    Credit card issuer Diners Club of Ecuador has launched PayClub, a service that lets consumers make mobile payments with any Diners or Visa Interdin branded card. To use the service, consumers select “manage card” on their mobile device and press the “generate code” option on the card they wish to use, Diners Club says. They are then “presented with a screen with a code for single use shopping, which you must deliver at the time of purchase”.

    Samsung Pay offers $100 discount to new users

    November 25th, 2015

    Samsung is offering up to US$100 off any Samsung.com purchase for new users who add a compatible card to Samsung Pay. The offer is available until November 30 and the coupon codes will be redeemable on the company’s website until the end of the year. Samsung also offered a $50 rebate to new Samsung Pay users in the first half of this month.

    Apple Pay signs deal with China UnionPay?

    November 25th, 2015

    Apple Pay has reached an agreement with China UnionPay to use its point-of-sale network to introduce the mobile payment service in China, according to Bloomberg. “Details of the agreement are yet to be finalized, pending feedback from banks that issue cards,” the publication reports. Apple is reportedly planning to launch Apple Pay in China before 8 February 2016.

    Three launches NFC mobile payments in Austria

    November 24th, 2015

    Mobile network operator Three has launched a SIM-based NFC mobile payments service in Austria. “For this new service, a virtual debit card with contactless payment function based on MasterCard PayPass is being stored on the Android smartphone’s NFC SIM card,” the carrier says. “Three customers can test 3Geldbörse for two months for free. After two months, the new services costs 1€/month.”

    Smartwatches to play key role in mobile banking

    November 24th, 2015

    Smartwatches will be used to access banking apps 10m times in 2017, rising to more than 100m times by 2020, Juniper Research predicts. “While wearables, including smartwatches and glasses, are not suited for conducting complicated financial instructions, wrist-based wearables will become a key device for multi-factor authentication,” the company says.

    Apple Pay to launch in China by February?

    November 24th, 2015

    Apple is planning to launch Apple Pay in China by 8 February 2016, according to the Wall Street Journal. “The Cupertino company has struck deals recently with China’s big four state-run banks,” the publication reports. “The effort could still face regulatory hurdles in China, where banking and ecommerce are overseen by a number of government agencies.” Reports that Apple Pay had “hit bumps” in China first emerged in February 2015.

    Samsung Pay adds eight more US issuers

    November 23rd, 2015

    Samsung Pay has added support from eight additional US card issuers including Chase and SunTrust. Others include Citizens Equity First Credit Union, Randolph Brooks Federal Credit Union, Security Service Federal Credit Union, State Employees’ Credit Union, Virginia Credit Union and Navy Federal Credit Union. “Cardholders of all these issuers will be able to use Samsung Pay to pay almost anywhere they can swipe or tap their card,” Samsung says.

    Square rolls out first contactless readers

    November 23rd, 2015

    Mobile POS provider Square is rolling out the first of its $49 contactless readers to 100 US businesses, allowing them to accept chip cards, contactless and NFC payments including Apple Pay. “The first group of businesses to use Square’s new reader include Honey Butter Fried Chicken in Chicago, Philz Coffee in San Francisco, Sump Coffee in St Louis, Cafe Grumpy in New York City and all 20+ merchants in the Urbanspace Vanderbilt food hall in New York,” the company says.

    28% of UK shoppers want beacons in-store

    November 23rd, 2015

    More than one in four UK shoppers (28%) would like retailers to know exactly who they are when they walk in using location-based technologies such as iBeacon, research by Harris Interactive for Salesforce UK reveals. “39% of high street shoppers would be willing to share data around their personal preferences with a retailer to receive a faster and more convenient service,” Salesforce UK says.

    MyPINpad takes PIN authentication online

    November 23rd, 2015

    UK consumers may soon be able to authenticate online and mobile transactions using a PIN-based solution from myPINpad following trials with UK payments infrastructure operator VocaLink. “Collaborative discussions have already been initiated with a number of the UK’s leading banks, acquirers and issuers, merchants and PSPs, focused on a number of authentication use cases,” myPINpad says.

    Coin launches cashback incentive

    November 23rd, 2015

    US connected device maker Coin is piloting a rewards program that gives users of its EMV-ready electronic magnetic stripe card cashback benefits at retail locations across the Bay Area. “Coin Rewards places cash back directly into the pockets of consumers through gift cards,” Coin says. The company launched its NFC-ready Coin 2.0 in August 2015 and has recorded over 2.5m transactions across 200,000 shipped devices.

    Coinbase ships Bitcoin debit card

    November 23rd, 2015

    Bitcoin wallet Coinbase and Shift Payments have introduced a US-issued Bitcoin-backed debit card that will allow Coinbase users in 24 states to make payments using the virtual currency both online and in-store. “With the Shift Card, you can now spend Bitcoin anywhere in the world where Visa is accepted,” Coinbase says. “When you use your Shift debit card to make a purchase, the equivalent value of bitcoin, based on the current spot price of bitcoin on Coinbase, will be debited from your Coinbase bitcoin wallet.”

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