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Archive: News in brief

Android Pay launch date leak

August 24th, 2015

Android Pay could be launching on Wednesday, August 26, a leaked memo from fast-food chain McDonald’s to its US employees suggests. “We’ve got at least one source showing that McDonald’s is distributing this date to multiple stores,” Android Police reports. The report comes as Google launches the final version of its Android 6.0 Marshmallow developer preview.

US to get Samsung Pay in September

August 14th, 2015

Samsung Pay will launch in Korea on 20 August and in the US on 28 September, the handset maker confirmed as it announced two new flagship devices in New York yesterday. “Samsung plans to roll out the service in the UK, Spain and China as well,” the company says of its fingerprint-secured NFC- and MST-based mobile payment offering. “Select US users of Galaxy S6, S6 Edge, S6 Edge+ and Note 5 will be able to participate in a beta trial from 25 August ahead of the 28 September launch.”

Ugo adds gift cards

August 13th, 2015

Users of Canadian NFC mobile wallet Ugo will be able to store gift cards from today by scanning the card with their smartphone camera. The move comes as a survey by Ipsos on behalf of Ugo showed 54% of Canadians would use gift cards to their fullest value, and sooner than they do now, if they could store them on their smartphone and scan them at checkout.

Apple joins NFC Forum

August 12th, 2015

Apple has joined the NFC Forum as a sponsor member as of August 11. “The top tier of NFC Forum membership, sponsor membership, entitles an organisation to a seat on the NFC Forum board of directors, the association’s governing body,” NFC Forum director Paula Hunter says. “We are delighted to welcome Apple to our board of directors as an NFC Forum sponsor member.”

Kona I unveils Kona Pay

August 12th, 2015

South Korean smart card provider Kona I has unveiled Kona Pay, a platform that allows banks and credit card firms to develop mobile payment services based on NFC, QR and barcodes. “Different from Apple Pay and Samsung Pay, card issuers can have tailored services for their payment systems built upon Kona Pay,” Korea Herald reports CEO Cho Chung-il as saying.

CurrentC to be tested in Ohio

August 12th, 2015

Mobile payments consortium MCX will test its CurrentC mobile wallet in Columbus, Ohio, in the coming weeks, The Wall Street Journal reports. Plans for the pilot were unveiled in July, after MCX unveiled the CurrentC brand in September 2014 and said it would launch in a “mid-sized market” in April. Member retailer Rite Aid says it will accept Apple Pay and other mobile payment services from August 15.

LG U+ to issue UnionPay mobile credit cards in China

August 12th, 2015

Korean mobile network operator LG U+ will issue UnionPay mobile credit cards and payment services in China, in partnership with KB Kookmin Card, from next month. “The telecoms operator is about to obtain approval from the People’s Bank of China,” Business Korea reports. “The users can use NFC-based mobile credit card payments at five million UnionPay terminals in China.”

PaidEasy raises $2m in seed funding

August 11th, 2015

Mobile payment startup PaidEasy has announced a seed round of funding valued at US$2m. “PaidEasy launched out of beta this week and plans to use the money to establish a footprint in New York City and its surrounding areas,” the company says. “PaidEasy gives users the ability to open, view, split, tip and pay bills in real time [and] has integrated with Apple Pay.”

Indian mobile payment provider ToneTag raises $1m

August 11th, 2015

Indian mobile payment provider ToneTag, which enables contactless payments through mobile phones using sound waves or NFC technology, has raised US$1m from Reliance Capital. “ToneTag works on all mobile devices including feature phones and does not require any capital investment in existing infrastructure,” Iamwire reports.

Mobicash offers NFC payments at vending machines

August 11th, 2015

Mobile financial services provider Mobicash is to allow users in Pakistan to make NFC mobile payments at Wavetec vending machines following a trial. “Mobicash users will be able to purchase items from Wavetec’s NFC vending machines installed at various places around the country,” More Mag reports. The company is also working on rolling out an “NFC-enabled retail payment solution” across the country.

PayPal launches contactless reader in UK

August 11th, 2015

PayPal has launched the new version of its PayPal Here card reader, equipped with contactless, in the UK following its unveiling in March. The reader “accepts contactless transactions payments from Visa, Maestro and MasterCard debit/credit cards along with Apple Pay,” PayPal writes in a blog post. “The new reader is set up to process transactions through chip and pin as well as those taken by swiping the magnetic stripe.”

Moldovan bank offers cardless ATM transfers

August 11th, 2015

Customers of Moldova’s Moldindconbank can now transfer funds from their accounts to individuals using ATMs equipped with OpenWay’s Way4 Cash by Code technology. Recipients receive a code via SMS and another code from the sender that they use to withdraw the predetermined cash amount. “If the amount is not withdrawn within 24 hours, the money is automatically returned to the sender’s card account,” the bank says.

CBA publishes mobile payments white paper

August 11th, 2015

The Canadian Bankers Association (CBA) has published a mobile payments white paper intended to “encourage the introduction and adoption of new and innovative mobile payments products and services in Canada without compromising the integrity of the Canadian payments infrastructure”. The Payments Security White Paper was developed by BMO Bank of Montreal, CIBC, National Bank of Canada, RBC Royal Bank, Scotiabank and TD Bank Group.

Amex adds corporate cards to Apple Pay

August 11th, 2015

American Express is now allowing customers to add corporate credit cards to Apple Pay. “Apple Pay allows American Express card members to add their eligible corporate card and pay with their mobile devices,” Amex says. American Express added Apple Pay for consumer cards and open small business cards in late 2014.

CTBC Bank pilots ATM with biometrics

August 10th, 2015

Employees of Taiwan’s CTBC Bank have begun piloting an ATM that uses both a finger vein scanning solution from Hitachi and facial recognition technology to authenticate transactions. “The pilot programme utilising biometric security began this week for employees working at the CTBC Financial Park in Taipei’s Nangang Business Park,” Planet Biometrics reports.

Transaction amounts on iOS double those on Android

August 10th, 2015

Average transaction amounts on iOS devices (US$124.47) were almost double those made on Android ($65.22) in 2014, research from Kount reveals. “Average online and in-store transaction amounts were greater than those on mobile devices overall until the first six months of 2015 in which purchases on the iPhone ($129.94) and iPad ($164.19) began to exceed non-mobile transactions ($106.94),” the company adds.

InMobi unveils Miip payment platform

August 10th, 2015

Indian advertising platform InMobi has unveiled Miip, a platform that can be integrated into mobile apps to allow users to make payments through buy buttons on product ads. The company has partnered with “several partners” to pilot the platform, including Amazon and India’s largest mobile wallet provider Paytm. “Miip will be available for all customers over the next few months,” InMobi says.

Ezetap raises $24m for mPOS expansion

August 10th, 2015

Bangalore-based Ezetap has raised Rs150crores (US$23.5m) to expand its mPOS solution of configurable mobile app and card reader that plugs into a merchant’s mobile device. “Ezetap is already activating over 500 new small retail merchants a week and will use some of its funds to increase that by five times in the next few months,” the company says.

Korean card issuers cleared for biometrics

August 10th, 2015

Korean card issuers will adopt biometric recognition solutions from September following clearing from the Financial Services Commission. “BC Card is the first local financial institution to launch a biometric recognition and settlement service next month using a fingerprint scanning system,” Korea Bizwire reports. “Shinhan Bank is preparing to introduce a vein pattern recognition system, while Industrial Bank of Korea (IBK) is focusing on iris technology.”

Flint adds Apple Wallet support

August 7th, 2015

Mobile payment provider Flint has added a new feature to its platform that lets its business users create coupons and distribute them to Apple Wallet users. “Businesses can easily create offers in the Flint app and send text messages with links that automatically download customized coupons into the Apple Wallet,” Flint says. “The app will handle redemption via an embedded QR code reader.”

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