Wednesday 25 May 2016 | RSS

 
    Feedback
     

    Archive: News in brief

    MCX expands CurrentC pilot

    October 29th, 2015

    US retailer-led mobile wallet consortium MCX, which announced a deal earlier this week to support JP Morgan Chase’s new Chase Pay service, is expanding its Columbus, Ohio pilot to include 200 stores operated by “12 large retailers”. “MCX may expand the test gradually to other states in the first quarter of next year,” CEO Brian Mooney has told Reuters. “Customers who have used the product are using it more than once a week,” Mooney said.

    One million Koreans sign up for Samsung Pay

    October 26th, 2015

    The number of Koreans using Samsung Pay has doubled in the last month to one million and 100,000 payments are now being made using the service every day, Business Korea reports. “Cumulative payments exceeded 100 billion won (US$88 million). Likewise, daily average payments increased from approximately 800 million won (US$705,192) to over 2 billion won (US$1.8 million) between the early stage of the service and recent days.”

    Poynt raises $28m for smart POS terminal

    October 23rd, 2015

    Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device. Poynt Smart Terminals will run the PoyntOS open platform and include support for third party apps as well as mag stripe, EMV, NFC, QR and Bluetooth beacon transactions.

    Ugo reports 100,000 NFC wallet users

    October 23rd, 2015

    Canadian open NFC mobile wallet provider Ugo Wallet has signed up more than 100,000 users since its launch in November 2014, up from 50,000 in August 2015. Customers have uploaded a total of over 250,000 cards to their Ugo wallets, the company says.

    Payworks to enable chip and PIN for Stripe in UK

    October 22nd, 2015

    POS payment platform provider Payworks is to enable Stripe users to accept payments via chip and PIN card readers in the UK. “UK-based merchants selling via marketplaces and platforms built on Stripe Connect will be able to use the Payworks SDK to connect card readers and instantly start accepting physical credit card payments, as well as NFC payments such as Apple Pay,” Payworks says.

    MobiPay launches in the Ukraine

    October 22nd, 2015

    Customers in the Ukraine can now use their mobile phones to make in-store and online purchases and P2P transfers using the MobiPay mobile wallet. “The seller must provide the customer with a QR code for payment on the cash register’s monitor, POS terminal or print it in a cheque,” the company says. “The customer pays for the goods by simply reading the QR code using MobiPay and the connected Visa or MasterCard payment card.”

    SumUp expands to US

    October 22nd, 2015

    European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99. “The new contactless SumUp terminal has been specifically developed for the US and connects wirelessly to any smartphone or tablet,” the company says. The expansion comes after the company raised €10m in August 2015.

    Verizon goes live with Samsung Pay

    October 22nd, 2015

    Samsung Pay is now available to Verizon Wireless customers with a Galaxy S6, S6 Edge, S6 Edge+ or Note 5. The carrier confirmed its support for the mobile payments service earlier this month after being notably absent from the list of companies supporting Samsung Pay when it launched in the US in September.

    Mobile to account for 20% of US POS payments by 2020

    October 21st, 2015

    US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals. “Mobile will account for at least 60% of US digital commerce revenue by 2020,” the company adds.

    Apple Pay now offered by more than 600 US banks

    October 21st, 2015

    Apple has added more than 70 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, taking the total number to more than 600. “Adding new partners in groups ranging from a dozen to nearly a hundred certainly helps Apple’s claim that its mobile payment service is continuing to see double-digit growth each month,” 9to5mac reports.

    Microsoft to launch mobile payments?

    October 21st, 2015

    Microsoft is looking to relaunch Windows Wallet, a mobile payments app that stores credit cards and coupons for in-store and online payments through Windows devices, Microsoft’s Joe Belfiore has told The Verge. “Belfiore didn’t say when exactly a new wallet would launch or whether it would utilize NFC or other payment technology,” the publication reports, noting that the service would use the Windows Hello facial recognition platform Microsoft added to new devices in October.

    Dubai commuters to replace travel cards with watches

    October 20th, 2015

    Commuters in Dubai may soon be able to pay for travel using contactless watches from Watch2Pay. “People will be able to use the NFC-enabled watches to pay for metro, bus and taxi fares as well as using them for shopping through the embedded credit card,” Khalid Al Awadhi of Dubai’s Roads and Transport Authority (RTA) told Gulf News. “We have tested the devices and they have received the pass certificate by our technical team.”

    Irish make over 2m contactless payments every month

    October 20th, 2015

    People in Ireland are now making over two million contactless transactions with Visa debit cards every month, Visa Europe has revealed, representing a rate of one contactless payment per second. “Adoption and usage of contactless cards in Europe continues to grow, most recently marked by more than one billion transactions across Europe in the last 12 months,” the payment network says.

    NETS to launch HCE mobile payments in Singapore

    October 20th, 2015

    Electronic payments network NETS is planning to launch a host card emulation (HCE) based mobile payments service in Singapore. “A trial for this will be conducted in the second half of 2016,” MIS Asia reports. “Called NETS 2.0, the initiative aims to enable consumers to make payments via their mobile phone’s NFC function.” The company began piloting contactless wristband payments for public transport in September 2015.

    MasterCard to tokenize MasterPass

    October 19th, 2015

    MasterCard is to integrate a fully tokenized checkout experience within its MasterPass service, leveraging its MasterCard Digital Enablement Service (MDES). “This gives consumers the freedom to shop more securely online or in-app from any connected device,” the payment network says. “The Buy with MasterPass button is currently found within the website and apps of more than 250,000 merchants globally.”

    Orange Cash goes live across France

    October 19th, 2015

    Orange has launched its Orange Cash NFC mobile payments service across France after going live in selected French cities in February 2014. “More than 30,000 retailers like Ikea, Picard, Relay and many more are participating actively in the launch,” platform provider Wirecard says. The service was launched in Spain in May this year.

    SpareBank 1 acquires mCash for mobile payments

    October 19th, 2015

    Norway’s SpareBank 1 has acquired mobile payments provider mCash for an undisclosed sum. “With this acquisition, we strengthen our mobile efforts and are well positioned to meet future digital customer needs,” says the bank’s chairman Jan-Frode Janson. mCash lets users make in-store payments via QR codes, transfer funds and make online payments. It has more than 100,000 users and has signed up 600 stores.

    MCX adds ACH payments to CurrentC wallet

    October 19th, 2015

    US retailer-led consortium MCX is to add ACH payments capabilities to its CurrentC mobile wallet, using technology developed by Buy It Mobility Networks (BIM). “Using BIM’s technology, consumers will be able to connect their checking accounts to the CurrentC mobile wallet app and make payments at the cash register, table or pump at more than 70 brands nationwide,” MCX says. The consortium expanded its CurrentC beta to 150 stores last week.

    Citrus Pay raises $25m

    October 19th, 2015

    Indian payment services provider Citrus Pay has raised approximately US$25m from a consortium of new and existing investors. “The latest round, which closed almost a month ago, values the company around $90m to $100m,” India’s Economic Times reports. Citrus Pay announced a partnership with gift card solutions provider Qwikcilver to enable in-store mobile payments using gift cards and vouchers last month.

    32% of US retailers to accept contactless by 2019

    October 16th, 2015

    Nearly a third (32%) of retail establishments in the US will accept contactless EMV card payments by 2019, Javelin forecasts. “In the next wave of card issuance, Javelin believes the speed and convenience offered by contactless EMV cards could be instrumental in gaining top-of-wallet status, as well as attracting and retaining more affluent customers,” says the research firm’s Michael Moeser.

    Page 24 of 115« First...10...2223242526...304050...Last »