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Archive: News in brief

US in-store mobile payments to hit $54bn by 2019

May 11th, 2015

Mobile proximity payments — those made by consumers at the physical point of sale using a mobile device — in the US will total US$54bn by 2019, Javelin Strategy and Research has projected. Today, mobile proximity payments make up 1% of all retail transactions says Javelin, with almost one in six iOS smartphone owners making a proximity purchase within a 30 day period, nearly double the rate of Android smartphone owners.

350m NFC SEs shipped in 2014

May 8th, 2015

A total of 350m NFC secure elements were shipped in 2014, a 30% increase on the previous year, vendor association Eurosmart has revealed. It has also predicted that shipments will hit 550m this year. “The announcement of Apple Pay boosted the NFC market to an all-time high,” the association says. “We expect the growth in NFC secure elements to continue.”

Apple Pay signs up first casino resort

May 8th, 2015

The Cosmopolitan of Las Vegas has become the first casino resort to announce support for Apple Pay. “With a few point of sales already live, by early June, the resort’s front desk, concierge, VIP services, restaurant collection and lounges, bars and select retailers will offer the new payment method,” the casino says.

Samsung to use NXP SE for Chinese devices

May 8th, 2015

Samsung will build NXP’s SmartMX P61N1M3 embedded secure element into versions of its Galaxy S6 destined for China, where it will be used in the Samsung Pay NFC mobile payments service. The phone maker has previously also used Oberthur’s Pearl secure element in other versions of the flagship smartphone.

Tony Sabetti joins CPI as NFC lead

May 7th, 2015

Industry veteran Tony Sabetti has joined CPI Card Group to lead its mobile and NFC market initiatives. Sabetti, who will helm the company’s CPIMobile digital issuance solution division, was previously technology director at US carrier-owned mobile payments venture Softcard. Before that he was a senior director of sales and marketing at NXP. Sabetti is also secretary of the Smart Card Alliance’s Mobile & NFC Council.

LevelUp adds direct carrier billing

May 7th, 2015

LevelUp has added a direct carrier billing option from Danal to its NFC and QR code-based in-store mobile payments system. “With a single tap, tens of millions of US mobile subscribers can link their carrier bill to LevelUp, head to any of the 14,000 merchants in the LevelUp ecosystem and pay for their purchase,” the company says.

First Internet offers Touch ID login

May 7th, 2015

Customers using US-based First Internet Bank’s personal mobile banking application are now able to log in using their fingerprint and Apple’s Touch ID feature. The functionality is available to those running the bank’s app on the iPhone 5S, iPhone 6 and iPhone 6 Plus, with support for the iPad Air 2 and iPad Mini 3 expected in the future.

Bell ID makes case for banks to become TSPs

May 6th, 2015

PARTNER NEWS: Tokenization solutions specialist Bell ID has drawn on experience gained from multiple live projects around the world to make the case for why a bank would become a token service provider (TSP) and manage its own token vault. In a detailed blog post, the company’s Hugo Crawford outlines the challenges, the solutions and the outcomes for a hypothetical European bank.

Apple Pay now live at more than 240 banks

May 6th, 2015

Apple has added a further 24 financial institutions to its list of participating banks and credit unions, taking the total number of card issuers it works with to more than 240. “Apple is continuously building out its Apple Pay backbone,” AppleInsider reports. “In March, Apple added 39 participating banks and credit unions, a feat repeated in April.”

Nearly half of payment cards shipped in 2014 were contactless

May 6th, 2015

Contactless technology was built into more than 42% of smart payment cards shipped in 2014, up from 37% in 2013, the Smart Payment Association has revealed. More than 2.05bn chip payment cards were shipped around the world last year, just three years after global shipments exceeded the one billion mark in 2011. Growth in the Chinese and US markets contributed to the increase, says the association.

AMS picks up award for NFC chip

May 6th, 2015

AMS has won a Sesames award in the emerging payments category at Cartes America for its AS39230 BoostedNFC IC, the chip used by Apple in its iPhone 6 and Apple Watch devices. The boosted analog front end chip can “secure NFC mobile payments by delivering unparalleled NFC performance, even in devices with room for only a tiny antenna,” AMS says.

Home Depot to accept Apple Pay in 2,000 stores

May 6th, 2015

US retail giant Home Depot is planning to offer Apple Pay at its more than 2,000 stores, a rollout that would make it the largest retailer yet to accept the mobile payments service — though a deal with Apple is not yet in place. “It’s something we’d like to do,” the retailer’s Steve Holmes told Bloomberg, while mentioning that the chain may also add support for “other kinds of mobile payment”.

“iPad Pro” to include NFC?

May 5th, 2015

Apple is rumoured to be working on a larger iPad which will include NFC, potentially turning the tablet into an Apple Pay POS terminal. “While tap-to-pay functionality in an iPad is unlikely, the inclusion of NFC could allow for an ‘iPad Pro’ to serve as a payment receiving terminal for Apple Pay,” Apple Insider speculates.

92% of UK mobile users to make a mobile payment in 2015

May 1st, 2015

More than 31m UK mobile users (92%) will make a payment using their mobile device in 2015, multichannel sales specialist Oxygen8 has found. Some 24% say their spend on mobile would increase as additional payment platforms become available at the point of purchase, and the research also reveals that 31.7m people in the UK have connected with an average of six businesses using their mobile device.

Chip and PIN faces slow take-up in US, says Forrester

May 1st, 2015

EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.

Digital Insights adds Touch ID to banking apps

May 1st, 2015

Digital banking solutions provider Digital Insight is to offer Apple’s Touch ID fingerprint verification in the iOS mobile banking applications it supplies to financial institutions later this year. “The speed and ease of use of Touch ID will provide financial institutions another innovation to offer their customers and members, and further help them differentiate in the marketplace,” said senior product manager Dan Weis.

Tencent’s mobile OS to offer payments

May 1st, 2015

Chinese internet giant Tencent has released a mobile operating system that is set to include mobile payments functionality. TencentOS is designed for wearables, smartphones and other connected devices, and is part of TOS+, the company’s “intelligent hardware open platform strategy”. “The Shenzhen-based company will work with partners to integrate the software into devices including smart glasses,” Bloomberg reports.

Samsung Pay could work on smartwatches

April 30th, 2015

Samsung managing director Park Jin-young hinted during the company’s first quarter earnings call that the forthcoming Samsung Pay system may also work with its smartwatches. The mobile payments service is expected to launch in the US and Korea “in the latter half of the year” with the roll-out schedule for other territories still under discussion, reports WhowiredKorea.

M-Pesa and MTN Mobile Money join up

April 24th, 2015

Users of Vodafone’s M-Pesa and MTN Group’s MTN Mobile Money services in east Africa will soon be able to transfer money to each other following an agreement between the region’s two biggest mobile network operators. MTN and Vodafone will interconnect their mobile money services to “enable convenient and affordable international remittances”. They will also share best practices and work together to define the rules and standards of mobile-based remittances in Africa, the companies say.

Twitter invests in beacon marketer Swirl

April 24th, 2015

Twitter has invested an undisclosed sum in Boston-based proximity marketing specialist Swirl, hinting the social media platform could be looking at using Bluetooth Low Energy (BLE) beacons to push messages. The social media giant has invested alongside Hearst Ventures, Softbank Capital and others in an $18m series-C round, taking the total raised by Swirl so far to $32m.

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