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    Archive: News in brief

    Apple releases update to fix Error 53

    February 19th, 2016

    Apple has released an update to iOS 9 that will restore devices left disabled by Error 53. “For anyone who experienced Error 53, Apple has released an update to iOS 9.2.1 to allow you to successfully restore your device using iTunes on your Mac or PC,” Apple says. “If Touch ID on your device didn’t work before you saw Error 53, the feature still won’t work after you restore your device.”

    Yes Bank customers get sound-based mobile payments

    February 18th, 2016

    Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies. “Ultracash will now be issuing Yes Bank branded digital wallets to consumers,” Ultracash says. Ultracash was launched in October 2015 with support from close to 500 merchants. It now claims to have more than 60,000 active app users and 1,000 supporting merchants.

    40 more US banks sign up for Apple Pay

    February 18th, 2016

    More than 40 US banks and credit unions have joined the list of Apple Pay supporting financial institutions in the US. The number now totals over 1,000, 9to5mac reports.

    CIBC to support Apple Pay in Canada?

    February 18th, 2016

    CIBC may soon become one of the first banks in Canada to support Apple Pay, which is currently only available to American Express card holders. “iPhone in Canada reader John from Toronto tried to add his CIBC Visa to Apple Pay and was greeted with [a] terms and conditions message that stated Apple Pay Terms of Service for CIBC Customers,” iPhone in Canada reports.

    US transit association to collaborate with NFC Forum

    February 17th, 2016

    The American Public Transportation Association (APTA) is to work with the NFC Forum to “jointly educate the industry on near field communication (NFC) technologies supporting the needs of public transportation operators”. APTA has 1,500 members from all sectors of the public transportation market including bus, subway and railway operators.

    ICBC confirms Apple Pay launch date in China

    February 17th, 2016

    Customers of Industrial and Commercial Bank of China (ICBC) will be able to use Apple Pay from 18 February, the bank has confirmed in a series of tweets reported by Reuters. China Guangfa Bank and China Construction Bank are also expected to offer the service to customers from launch.

    FreeCharge takes mobile payments to ePaisa network

    February 16th, 2016

    Mobile wallet provider FreeCharge has partnered with mPOS company ePaisa to offer its services to “thousands” of retailers across India. “Customers paying through the FreeCharge wallet will also be able to avail exciting offers including cashbacks and additional discounts on spends at the registered merchants,” FreeCharge says. The partnership follows the launch of FreeCharge in 216 Indian McDonald’s restaurants.

    Samsung Pay to launch in Russia?

    February 16th, 2016

    Samsung Pay may soon be on its way to Russia, SamMobile reports. “It appears that Russia’s largest mobile carrier has already prepared promotional material for the Galaxy S7; the image leaked online shows a poster with the very familiar looking Galaxy S7 as well as a clear indication that Samsung Pay will be supported,” the publication says. “Samsung Pay might very well be launched in Russia alongside the new flagship in the coming weeks.”

    Apple Pay to launch in China on 18 February?

    February 16th, 2016

    Apple Pay could launch in China this week following confirmation from China Guangfa Bank. “The bank’s WeChat account is dispensing information about Apple Pay and the available menu options include a query about when Apple Pay will be available,” Tech In Asia reports. “If you select that option, the account will tell you it’s coming to China on February 18.” French website iGen is also reporting that the service will make its French debut in the first half of this year, “perhaps during the WWDC to be held in June”.

    Korean banks back Samsung Pay

    February 16th, 2016

    Korean banks are lining up to support Samsung Pay, including Shinhan Bank, KB Kookmin Bank, NH Nonghyup Bank and Industrial Bank of Korea, Korea Joongang Daily reports. “Currently, Samsung Pay only works with Woori Bank, but the exclusive contract between the two will expire next month, and now, more institutions are seeking to link up with Samsung Pay,” the publication says. 80,000 credit and debit cards were registered on Samsung Pay in Korea within a week of its launch.

    Payfriendz launches P2P messaging app in the UK

    February 15th, 2016

    UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz. “Payfriendz is a social chat and mobile payments app which allows users to easily send, request and receive money from friends and contacts,” says Paysafe, the payments provider for the service. “Once funds have been collected, users can transfer the money to their UK bank account. They can also shop online using a virtual MasterCard card linked to their Payfriendz account.”

    PayPal adds buy buttons

    February 15th, 2016

    PayPal has unveiled a new platform that enables merchants and partners to embed buy buttons in emails, social shares, blogs, articles, ads and apps through a set of APIs. “The PayPal Commerce tools, which are currently in beta, allow merchants to securely sell across contexts — anywhere consumers are online or on their mobile devices,” the company says. The platform is the result of the company’s acquisition of mobile commerce platform Modest in the second half of 2015.

    LG delays launch of LG Pay

    February 15th, 2016

    LG is to postpone the launch of its LG Pay mobile payments service to the second quarter of this year, the company has told Korea Times. The delay is “to help the new LG flagship smartphone — G5 — receive more media attention,” LG said. The company’s plans to launch the service were confirmed in November 2015.

    SIMalliance updates OMAPI secure element specification

    February 15th, 2016

    SIMalliance has updated its Open Mobile API (OMAPI) specification, which sets out how mobile applications may access different secure elements on a mobile device and is mandated by EMVCo for mobile contactless payments. “A key update in v3.2 addresses requirements from ETSI (European Telecommunications Standards Institute) and GSMA to give the mobile application additional control to properly retrieve information from the secure element (SE),” the trade association says.

    Visa claims 10% stake in Square trading shares

    February 15th, 2016

    Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square. The payment network holds more than 4m of Square’s Class B shares which don’t trade publicly but can be converted to approximately 3.52m in Class A shares, according to an SEC filing. Square filed for an initial public offering in October 2015 and began shipping its NFC device in December.

    US banks get on board for mobile at the ATM

    February 12th, 2016

    Millions of dollars in withdrawals and “hundreds of thousands” of transactions have now been made via Cardless Cash, the ATM functionality launched by banking and payment technologies provider FIS in January 2015 to let customers withdraw cash using their smartphone. US banks including BMO Harris, Wintrust, WSFS, Salem Five and Avidia Bank have installed the functionality in their ATM network, with others including Popular Community Bank and Oriental Bank deploying the technology this year.

    Samsung Pay to make UK and Spain debut “very soon”

    February 11th, 2016

    Samsung Pay will launch in the UK and Spain “very soon”, the head of Samsung Pay Europe has announced during the phone-maker’s European Forum 2016 event in Monaco. “More details at Mobile World Congress in a few weeks’ time,” Pocket-lint reports the company’s Nathalie Oestmann as saying.

    Axis Bank customers to get NFC wearables

    February 11th, 2016

    India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments. “The device will allow consumers to make NFC payments and will come loaded with the regular fitness related features like the coach etc that the GOQii bands come with,” the bank’s Rajiv Anand told Economic Times. The two companies expect to roll out the device in the coming months.

    Payleven raises $10m for mPOS growth

    February 11th, 2016

    European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m. “The newly secured investment provides Payleven with additional growth capital,” the company says. Payleven introduced a chip and PIN reader that supports NFC in 2014.

    GSMA publishes IoT security guidelines

    February 11th, 2016

    The GSMA has published a set of security guidelines for service providers developing new Internet of Things (IoT) products and services. “The mobile telecommunications industry has a long history of providing secure products and services to their customers and would like to share their security expertise with IoT service providers,” the GSMA says.

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