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Archive: News in brief

Facebook picks Stripe for buy button

September 26th, 2014

Stripe “is the sole Facebook payments partner” for its ‘buy’ button trial, Re/code reports. The service lets users purchase products from Facebook ads and page posts without leaving the social network.

WeChat offers payments in stores

September 24th, 2014

Tencent’s instant messaging app WeChat can now be used to make payments in the retail stores of nine Chinese merchants including DQ Ice Queen, NUS Pharmacy, Rainbow, One Plus One, Lotus, Good Neighbours, Baby Room, Minsheng Department Store and NUS 365, according to Iamwire. “Whenever they click into the credit card function, there will be a two-dimensional code for scanning and barcode on the screen, respectively,” the report explains.

US bank tests NFC Wave add-on

September 24th, 2014

“One of the largest financial institutions in North America” is conducting an NFC mobile payments pilot that uses the Wave NFC device developed by On Track Innovations (OTI) in combination with provisioning and mobile wallet technology provided by ABnote. Wave is certified by both Visa and MasterCard and has also been selected by Hong Kong’s Joint Electronic Teller Services (Jetco) for an NFC payments service it is to offer consumers via its 30 member banks.

NFC Forum publishes connection handover paper

September 24th, 2014

The NFC Forum has published guidelines for developers looking to use NFC to easily establish a connection between two devices and then hand over to Bluetooth or WiFi for high speed or long distance data exchange. Connection Handover User Experience Recommendations includes general guidance for all applications, for audio and video streaming use cases, and recommendations specific to Bluetooth use.

Apple hires Visa Europe NFC lead

September 24th, 2014

Mary Carol Harris, Visa Europe’s high profile director of mobile, has joined Apple Europe to work on Apple Pay. Harris has been involved in commercializing NFC mobile payments since 2006 when she led the team that launched the O2 Wallet NFC initiative in the UK — one of the world’s first NFC pilots — and has worked on NFC for Visa Europe since 2008.

Alipay adds fingerprint security

September 23rd, 2014

Chinese online payments giant Alipay has adopted Nok Nok Labs’ S3 Authentication Suite, enabling customers with a Samsung Galaxy S5 to use the fingerprint sensor (FPS) on their device to authenticate payments. The move means that “Alipay customers who make purchases and transfers in Alipay’s mobile application, Alipay Wallet, no longer need to enter a password — just apply their fingerprint to the FPS for a simple, secure mobile shopping experience leveraging emerging FIDO standards,” says Nok Nok.

Samsung and PayPal to offer smartwatch payments

September 23rd, 2014

Samsung is working on a smartwatch that will include biometric verification and support for PayPal payments and location-based offers, reports Business Korea. The device is set to include a fingerprint sensor and could launch at Mobile World Congress 2015.

SimplyTapp releases new HCE SDK

September 22nd, 2014

PARTNER NEWS: Host card emulation (HCE) specialist SimplyTapp has released a new version of its Mobile SDK. Version 2.3 includes a SimplifiedTapp app that “offers refined code base which will help accelerate developers’ understanding of HCE implementation”, the company says.

UL white paper explains Apple Pay

September 18th, 2014

A new white paper that describes what is known about Apple Pay in both technical and organizational terms — as well as what questions still remain to be answered — is now available to download free of charge from the NFC World+ Knowledge Centre. Produced by the transaction security team at UL, “Apple Pay — What do we know?” aims to “provide insight and knowledge that UL has gathered, in order to best inform all stakeholders involved.”

Tesco pilots QR payments

September 18th, 2014

UK-based supermarket giant Tesco is trialling a mobile payments service based on QR codes, Marketing Week reports. “The PayQwiq service is currently available at 16 of Tesco’s smaller Express stores in London, as well as at 26 of its Express, Metro and Superstore store formats in Edinburgh. It is currently only available to a small number of staff members as part of a trial, although there are plans to extend that to customers in October,” the article says.

SimplyTapp compares Apple Pay and Android HCE

September 17th, 2014

PARTNER NEWS: A new blog post from HCE specialist SimplyTapp explains how Apple is using tokens in its new Apple Pay NFC mobile payments service — and how that compares with the way tokens are used to enable Android phones to make NFC mobile payments using host card emulation (HCE). “The important concept that has gotten lost with the Apple announcement is that the concept of ‘tokenization’ as Apple Pay uses [it] is still the exact plan for tokenization in the Android space,” CEO Doug Yeager explains.

Apple Pay to get 0.15% transaction fee

September 16th, 2014

The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

No Apple Pay for Walmart, Best Buy

September 16th, 2014

Owners of Apple’s new NFC-enabled smartwatch and iPhones will not be able to make Apple Pay mobile payments in either Walmart or Best Buy, the Wall Street Journal reports. The US retail giants are both members of merchant-led mobile wallet venture MCX which will launch its rival CurrentC wallet next year.

Weve drops wallet plans?

September 16th, 2014

UK carrier owned mobile commerce venture Weve has cancelled its planned mobile wallet service in the wake of the Apple Pay launch, The Telegraph reports. “A source at one mobile operator said Apple’s move meant it would have to write off gaining a share of payments from iPhone users, who represent about a third of the UK smartphone market,” the article says. Weve’s US equivalent, carrier joint venture Softcard, is continuing with its plans, however, and hopes to be available on NFC-enabled iPhones in 2015.

Apple confirms NFC chip lockdown

September 16th, 2014

Access to the NFC chip in the iPhone 6 and 6 Plus will be available only to Apple Pay, an Apple spokeswoman has told Cult of Mac. Whether that restriction applies only to the secure element or to all NFC functions, including tag reading/writing, is not yet confirmed, however.

Discover in talks on Apple Pay support

September 10th, 2014

“We are in discussions with Apple to add Discover cards to Apple Pay in the future,” a representative of the US payment network has revealed on Twitter. Visa, MasterCard and American Express have already signed up to enable mobile payments on Apple’s new NFC devices.

MasterCard issues European contactless POS mandate

September 10th, 2014

European merchants who accept either MasterCard or Maestro will be required to switch to contactless POS terminals by 1 January 2020, “ensuring that consumers will be able to pay with their contactless cards and NFC enabled devices at all point-of-sale (POS) terminals”, the payment network has announced. “New POS terminals must adhere to the new standard upon deployment as from 1 January 2016,” MasterCard adds.

iPhone, NFC and Apple Pay: How should banks react?

September 10th, 2014

PARTNER VIEWS: The launch of Apple Pay “is good news for US iPhone users who want to ‘tap to pay’,” Martin Cox, global head of sales at Bell ID, writes in a blog post. “But what about the majority of smartphone users who are using an Android device? What about those of us outside of the US? The good news, he says, is that “banks finally have clarity” on the preferred technology at the point of sale, and “for Apple’s primary market, the US, it’s also strong endorsement for the ubiquity of EMV.”

Apple posts PassKit payments dev guide

September 9th, 2014

Apple has posted a guide to iOS 8.0’s new Apple Pay mobile payment features in its developer library. “The PassKit framework adds support for payment passes and payment requests,” says the company. “Payment passes are added to Passbook by payment networks, such as credit card issuers and banks, and let the user select their account on that payment network to fund payments.”

Apple to offer rewards to mobile payment users?

September 9th, 2014

Apple is to pilot a merchant partnership program that “may be related to Apple launching a loyalty/rewards program”, Bank Innovation reports, citing “multiple sources with knowledge of the program”. While retailers will be part of the program, the report adds, “it may extend to other types of companies as well” with hotel chain Intercontinental Hotels Group believed to be among those involved in talks with Apple on the plan.

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