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    Archive: News in brief

    More banks sign up to Apple Pay in Canada

    May 10th, 2016

    TD Bank and Scotiabank will soon support Apple Pay in Canada, following the announcement that MasterCard, Visa, Interac and five other banks have also added their support to the mobile payment service. Apple Pay launched in Canada with the support of American Express alone in November 2015.

    ANZ sees surge in card applications since supporting Apple Pay

    May 10th, 2016

    Australia’s ANZ bank has reported a surge in applications for credit cards and deposit accounts since it added support for Apple Pay in April 2016, forcing “other major banks to re-enter negotiations with the technology giant,” says The Sydney Morning Herald. “The main sticking point continues to be how to divide up the billions of dollars of fee income banks earn from processing payments.” Online credit card applications have risen 20% since the Apple Pay deal was announced.

    Interac TSP supports Apple Pay in Canada

    May 10th, 2016

    PARTNER NEWS: Canadian national debit network Interac is using its Interac Token Service Provider (TSP) platform to support Apple Pay transactions made using its debit cards in Canada. The TSP solution was developed in partnership with tokenization and mobile payment specialist Bell ID in February 2016 and “[allows] Interac to support Apple Pay integration with secure tokenisation services,” Bell ID says. Support for Interac debit cards through Apple Pay went live on May 10.

    Barbican art gallery to get contactless donation points

    May 9th, 2016

    Visitors to London’s Barbican art gallery will soon be able to make a charitable donation on their way in by tapping their phone or contactless card against contactless donation points. “The gallery will fix a donation point at the entrance to its free Curve gallery,” The Times reports. “Other galleries, museums and charities are to adopt the technology, signalling the end of the collection tin.”

    Motorola’s new Moto G to include NFC?

    May 9th, 2016

    Motorola‘s forthcoming budget phone — the new Moto G — is to come in two variants and will include NFC, a components chart published on Twitter has revealed, making it the first Moto G to feature the technology. “The new phone is also expected to have a fingerprint scanner, since a Lenovo executive said earlier this year that all Motorola-branded phones would have fingerprint scanners in 2016,” The Verge reports. The new Moto G is expected to be unveiled on May 17.

    WhatsApp to add NFC for group invites?

    May 9th, 2016

    Social messaging service WhatsApp may soon enable users to send group invites and join groups via links, NFC and QR codes. “This would make it easier for businesses and communities to get more people inside their group without having to manually invite each and every person through their phone number,” Android Police reports.

    Sweatcoin pays Brits to get fit

    May 6th, 2016

    UK consumers will soon be rewarded whenever they are physically active with Sweatcoin — a virtual currency that can be earned by exercising and then exchanged at select retailers via a mobile app set to launch next week. “Sweatcoin offers one coin for every 1,000 steps,” Reuters reports. “Within weeks, users can have enough to exchange for fitness products or services in its marketplace. Rewards include Vivobarefoot running shoes, Kumira infra-red clothing and fitness classes from Wonderush or BoomCycle.”

    BitPay launches BitPay Visa card

    May 6th, 2016

    Bitcoin payment gateway BitPay has launched the BitPay Visa Card, a debit card that will let US consumers make payments with the virtual currency wherever Visa is accepted and make ATM withdrawals. “The BitPay Card can be loaded in seconds from any Bitcoin wallet,” the company says. “There are zero fees on Bitcoin top-ups and you can load up to $10,000 per day in spendable funds.” BitPay announced plans to launch an NFC mobile payment app in November 2014.

    State Bank of India goes live with mVisa

    May 6th, 2016

    Customers of State Bank of India (SBI) can now make QR code-based mobile payments using mVisa, the mobile payment platform unveiled by Visa and piloted by SBI in August 2015. “Bank customers can simply download the latest version of SBI Anywhere application and register for mVisa payments by simply clicking the mVisa icon on the home screen,” SBI says. “In the first phase, SBI’s mVisa service has been introduced in Bangalore city — this facility will be gradually expanded to other cities.”

    Mobeam passes 40m in-store transactions

    May 5th, 2016

    Mobile barcode beaming technology provider Mobeam has processed more than 40m in-store transactions and is now handling more than 2m transactions per month through apps from multiple retailers as well as the company’s own Beep’nGo service. “Mobeam currently operates on more than 375m Samsung phones and the company is in talks with other manufacturers to expand the technology to other market leading devices,” the company says.

    Apple Pay adds more than 20 US banks

    May 5th, 2016

    Apple has added more than 20 further banks and credit unions to its list of Apple Pay supporting financial institutions in the US, 9to5mac reports. The news follows German payments technology provider Wirecard’s Boon service integrating with Apple Pay in the UK.

    EMV Migration Forum releases EMV testing and certification white paper

    May 5th, 2016

    The EMV Migration Forum has released a white paper that explains the requirements for testing and certifying contact and contactless chip-enabled terminals and details the most up-to-date requirements and processes from the global payment networks. The ‘EMV Testing and Certification White Paper: Current Global Payment Network Requirements for the US Acquiring Community’ identifies use cases when testing or retesting is required for EMV chip and contactless terminals, when retesting is recommended as best practice and when only standard internal testing is advised.

    Samsung Pay adds support from 39 US banks

    May 5th, 2016

    Samsung Pay has added 39 more banks to its list of supporting financial institutions in the US. “For a few of the bigger names included, there is Chrome Credit Union, Corning Credit Union, Los Angeles Federal, Vantage Credit Union and many more,” Droid Life reports.

    The State Bank of Vietnam urges transition to EMV

    May 5th, 2016

    The State Bank of Vietnam has instructed banks to “quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud”, according to Vietnam News. “Besides security, the conversion to the new card is also meant to get infrastructure ready for the application of new payment technologies in the near future,” the publication reports. “Five banks will be chosen to trial the conversion and other banks will follow suit.”

    Paytm moves towards launching payments bank

    May 4th, 2016

    Indian mobile payments provider Paytm has partnered with IT services company Wipro for the launch of its payments bank, which is expected in the first quarter of this fiscal year. “Wipro will implement core-banking solutions for Paytm and also the programme to manage the integration of other key systems,” says The Economic Times. The company plans to double its in-store merchant acceptance to four million locations this year.

    Australian digital payments to reach nearly A$1.9bn by 2020

    May 4th, 2016

    Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts. “Mobile payments are expected to take off in 12-18 months,” says the firm’s Saranga Sudarshan. “Apple Pay and Android Pay will revolutionise this market. Smartphone prevalence facilitates a high adoption rate for a more convenient and secure form of paying, compared to physical cards or cash.”

    Contactless on the rise in the Netherlands

    May 4th, 2016

    Some 15m contactless cards were in circulation in the Netherlands in 2015, equivalent to 45.5% of all payment cards, according to research from Timetric. “ABN Amro Bank added contactless function to all its payment cards in December 2015,” the firm says. “Similarly, ING Bank and Rabobank are replacing their existing cards with contactless-enabled payment cards. Banks and telecom operators are also introducing contactless mobile payment solutions to their customers.”

    A third of Europeans have made a mobile payment

    May 4th, 2016

    Nearly a third of European consumers (32%) have now made an in-store mobile payment, research by Fujitsu shows, while 22% have adopted wearable technologies. 44% still use cash every day, 37% would consider leaving their current bank or insurer if they don’t offer up-to-date technology, 47% would let banks or insurers use their data to recommend relevant products and services and 44% want their data used to keep them informed of their spending habits.

    UK contactless transactions hit 60 per second

    May 4th, 2016

    More than 60 contactless transactions took place every second across the UK during the month of February, The UK Cards Association reveals. In total, there were 159.1m contactless transactions, with the average payment sitting at £8.28. “With more than 60 transactions taking place a second, it is clear contactless card payments are becoming ever more popular,” says the organisation’s head of policy Richard Koch.

    NFC Forum moves closer to interoperable NFC ticketing

    May 3rd, 2016

    The NFC Forum and the Global Certification Forum (GCF) have entered into a cooperation agreement in a step towards providing interoperable contactless public transport access and ticketing using a broad range of NFC-enabled devices worldwide. The announcement supports the recently released Milestone Public Statement and NFC Interoperability Position Paper published jointly by GSMA, Smart Ticketing Alliance and NFC Forum.

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