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    Archive: News in brief

    Samsung Pay opens US beta test

    August 27th, 2015

    Samsung has begun inviting those eligible to take part in a Samsung Pay beta test in the US ahead of the mobile payment service’s launch next month. Participants must own a Galaxy S6, S6 Edge, S6 Edge+ or Galaxy Note 5, have an active Samsung account, a qualifying card and be a customer of AT&T, Sprint, T-Mobile or US Cellular. Verizon Wireless is yet to announce its support.

    Google says Android Pay is coming ‘soon’

    August 27th, 2015

    Google has broken its silence following speculation its Android Pay mobile payments platform was to be launched on August 26 by confirming it will be available soon. “Looking forward to Android Pay? Stay tuned. #soon,” a tweet from the official Android account read.

    620m biometric app downloads by 2020

    August 26th, 2015

    More than 620m mobile banking apps that support biometrics for customer authentication and transaction verification will be downloaded by 2020, research from Goode Intelligence predicts. “Additionally, almost 160m wearable devices will be benefiting from seamless biometric authentication for accessing banking services on a variety of wearables, including smartwatches and bands,” the company says.

    PREIT installs BLE beacons in US malls

    August 26th, 2015

    Retail shopping mall owner Pennsylvania Real Estate Investment Trust (PREIT) is to roll out Bluetooth Low Energy (BLE) beacons in its shopping centres in 12 US states, allowing retailers and brands to trigger offers and information in shoppers’ smartphones. The company has partnered with beacon advertising network Mobiquity Networks, which is now working in more than 320 malls hosting 7,500 retailers.

    NFC chip market to rise 50.6%

    August 26th, 2015

    The global NFC chip market will grow at a compound annual growth rate (CAGR) of 50.6% by volume over the period 2014-2019, analysts from market research firm Technavio predict in the company’s ‘Global NFC Chips Market 2015-2019’ report.

    PayPal One Touch expansion

    August 26th, 2015

    PayPal has extended its One Touch mobile payments solution to 13 new markets: Australia, Austria, Belgium, Denmark, France, Germany, Netherlands, Norway, Poland, Spain, Sweden, Switzerland and Turkey. “Eligible merchants in these markets will automatically have One Touch enabled without needing to do any integration,” the company says. The platform was launched in August 2014 and is available in the US, UK and Canada.

    Line Pay expands to Taiwan

    August 26th, 2015

    Japanese instant messaging giant Line has released an initial list of Taiwanese stores at which its mobile payment service Line Pay can be used. “The Line Pay digital wallet can pay for purchases starting Wednesday in nearly 30 local stores, mostly online merchants such as ET Mall, beauty brand 86 Shop, online bookstore Kingstone and digital music service KKBOX,” Focus Taiwan reports.

    80,000 cards added to Samsung Pay in Korea

    August 26th, 2015

    More than 80,000 credit or debit cards have been registered on Samsung Pay in Korea since its launch last week. “More than 10,000 cards were registered on August 20,” Business Korea reports. “About 80,000 cards are believed to have been registered as of August 24. Observers say around 20,000 credit or check cards issued by large credit companies have registered.”

    Gemalto and Mahindra Comviva scoop awards

    August 25th, 2015

    PARTNER NEWS: Digital security specialist Gemalto and mobile financial services provider Mahindra Comviva have both picked up prizes in this year’s Juniper Research Future Digital Awards. Gemalto took the prize in the digital payments category and Mahindra Comviva scooped top spot in digital ticketing, as well as rating “highly commended” in the contactless payment category.

    ‘Top priority’ for electronic and mobile payments

    August 25th, 2015

    Fully converting payments to electronic, expanding card programs and adopting mobile/digital payments was the top priority for clients at the recent Bank of America Merrill Lynch Conference on Payments and Commercial Card. Meanwhile, 60% of the 175 companies and government agencies represented said adopting a mobile payments app was something they were “likely” to introduce.

    JCDecaux to roll out PowaTag across Denmark

    August 25th, 2015

    Shoppers across Denmark will be able to make purchases from billboards, bus shelters and street furniture from outdoor advertising corporation JCDecaux subsidiary AFA JCDecaux via Powa Technologies’ mobile payments platform PowaTag. “AFA JCDecaux will utilise the PowaTag offering in 20 key cities including Copenhagen, Aarhus, Aalborg, Odense and Vejle,” Powa says. The news follows Powa’s partnership with Denmark’s Danske Bank to integrate PowaTag into its MobilePay banking app.

    NFC Forum adds new members

    August 25th, 2015

    The NFC Forum has added new associate, implementer and non-profit members, following the recent addition of Apple as a sponsor member. “Representing industries as diverse as automotive electronics, digital imaging, microelectronics and asset management, the 19 new members include organisations based in Austria, Belarus, China, Japan, South Korea, Taiwan and the US,” the association says. (See the full list of new members here…)

    Swiss develop ‘Sound-Proof’ authentication

    August 25th, 2015

    Swiss researchers have unveiled a two-factor authentication mechanism dubbed ‘Sound-Proof’ that uses the noise recorded by a user’s phone and the device he or she wants to log into to verify identity. “The proximity of the two devices is verified by comparing the ambient noise recorded by their microphones,” the team from the Institute of Information Security at ETH Zurich explains in a paper describing the system.

    Square Cash finds time for Apple Watch

    August 25th, 2015

    Square has updated its P2P mobile payment app to add support for Apple Watch. Version 2.8 of Square Cash will now allow users to send money, pay their contacts with a new contact-first interface and approve requests with a single tap.

    Apple Pay fees ‘sticking point’ for Australian banks

    August 25th, 2015

    Australia’s largest banks are reportedly in dispute with Apple over Apple Pay interchange fees. “Fees are a big sticking point in the negotiations, with big banks not willing to give Apple a slice of the A$2bn a year they earn in interchange fees,” The Sydney Morning Herald reports. “In the US, Apple is believed to earn about 15 cents of every US$100 transaction.”

    Visa Checkout reports 6m customers

    August 25th, 2015

    More than six million customers have signed up for Visa Checkout since its launch last year, Visa reports. The platform has nearly 250,000 merchants while financial institution partners have grown to over 330. “In recent months, no less than 33 new merchants, ranging from Best Buy and Under Armour to Barnes & Noble and Taco Bell, have signed on,” the payment network says.

    Mobile payments market to reach US$1tn by 2017

    August 24th, 2015

    About US$1tn will be spent using mobile payments services in 2017, up 124% from less than US$500bn expected in 2015, International Data Corporation says. “Asia/Pacific markets will contribute to this growth greatly as mobile commerce transactions with remote payments take off across the region,” the company predicts, adding the region is “expected to lead the world in mobile payment developments”.

    Migros launches mobile payments

    August 24th, 2015

    Switzerland’s largest supermarket chain Migros has launched a mobile payments service first mooted in January, allowing customers to make purchases using a Migros app linked to their Migros Bank account or credit card. “During the payment process, it generates a code that is then scanned at the cash register,” Migros says. Users can also store gift cards, receipts and coupons on the app.

    Verizon Wireless cool on Samsung Pay support

    August 24th, 2015

    Verizon Wireless, the largest wireless carrier in the US, may not support Samsung Pay when it launches there next month. “Right now it will only say that it’s ‘evaluating’ the service and will share more news as it’s available,” The Verge reports. US carriers AT&T, Sprint, T-Mobile and US Cellular are listed among Samsung Pay’s initial partners.

    Qiwi adds HCE payments to mobile wallet

    August 24th, 2015

    Russian payment services provider Qiwi has integrated Visa payWave technology into its Qiwi Wallet app to enable host card emulation (HCE) payments at any contactless terminal. “Visa Qiwi Wallet account can be topped up in any of more than 100,000 Qiwi kiosks throughout Russia by linking a bank card or from a mobile phone account,” Qiwi says. “The contactless Visa payWave solution is preinstalled in the new version of the e-wallet.”

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