Monday 31 August 2015 | RSS

 
  • Featured partners
  • About our partners
Feedback
 

Archive: News in brief

Samsung Pay to start second beta testing round

August 4th, 2015

Samsung Pay is reportedly set to start a second round of beta testing in Korea with Samsung Card this Friday. BC Card is also expected to test the service from August 20. “They both will receive feedback from the participants of the test runs and share the results with the tech giant to improve the payment system,” The Korea Herald reports. Samsung kicked off its first beta testing round in Korea last month.

China moves to open up mobile payments services

August 4th, 2015

People’s Bank of China has proposed new regulations that could force internet companies Alibaba, Tencent and Baidu to offer each others’ online payment services alongside their own. “If payment services from social networking and online entertainment firm Tencent and search firm Baidu are offered on Alibaba’s ecommerce sites, users could opt to use those,” Reuters reports. “Alternatively, Alipay could cement its dominance if customers opt to use it on rivals’ platforms.”

25% of world’s population to use mobile banking in four years

August 3rd, 2015

More than 25% of the world’s population will use mobile banking in the next four years, research from KPMG using data from UBS Evidence Lab reveals, predicting the number of users will double to 1.8bn. “Mobile banking is clearly supplanting all other channels as the main portal between the bank and the consumer,” says KPMG’s David Hodgkinson. “Banks must adapt or die.”

Brits want black cab contactless payments

August 3rd, 2015

Three quarters of UK consumers say they should be able to pay for their fares in black cabs using contactless payments, a survey of 1,002 respondents conducted by YouGov and PLMR reveals. More than a third (35%) strongly believe they should be able to do so, 40% tend to agree, 14% neither agree nor disagree and only 5% disagree.

Nokia sells Here to Audi, BMW and Daimler

August 3rd, 2015

Nokia has sold its mapping and location intelligence service Here to a consortium of automotive companies including Audi, BMW and Daimler. “The transaction values Here at an enterprise value of €2.8bn,” Nokia says. Here launched the Open Mobile Ticketing Alliance (OMTA) to develop a global standard for NFC ticketing services last month.

Vodafone customers top up with PowaTag

August 3rd, 2015

Pay-as-you-go customers of Vodafone UK can now top up their mobile phones via Powa Technologies’ mobile payment platform PowaTag in more than 500 Vodafone stores as well as Argos, Brighthouse, Co-Op, Sainsbury’s, Tesco, JD Williams and Wilkinson. The platform is already in use by France’s Teleshopping, Denmark’s Danske Bank and retailer Comptoir des Cotonniers.

London markets could go contactless

July 31st, 2015

Londoners may soon be able to pay with their contactless cards at market stalls across the city as a result of the £20m London Regeneration Fund launched by mayor Boris Johnson. “Ideas could include giving customers the opportunity to pay with their contactless credit card at a market stall, or providing customised discounts and services for local shops straight to customers’ mobile phones,” the mayor’s office says.

Amex cardholders use reward points for Best Buy purchases

July 31st, 2015

American Express card members in the Membership Rewards program can now use points to pay for online purchases at US retail giant Best Buy. “American Express’ unique technology enables eligible card members to easily use Membership Rewards points for all or part of their BestBuy.com purchases and allows them to check their Membership Rewards points balance before they check out,” American Express says.

US IT decision makers unprepared for EMV

July 31st, 2015

Some 42% of US IT decision makers have taken no steps or are unaware of any progress being made in the migration towards EMV, research from Randstad Technologies finds, with only 58% actively preparing in time for the October liability shift deadline. “A majority indicated little concern for the magnitude of risk associated with missing the deadline,” it adds.

New Google Glass ‘released soon’

July 31st, 2015

A second version of Google Glass is in the works and will be “released soon”, according to the CEO of Italian eyewear maker Luxottica. “The partnership to build Glass is going ahead, said Massimo Vian, speaking at the company’s general meeting in Milan,” WSJ reports. Google stopped selling the first version of Glass and shut its Explorer program earlier this year.

US shoppers make more mobile payments

July 31st, 2015

One in seven US shoppers has made a mobile payment during the last year and 68% are using alternative payment methods more often than a year ago, a survey by Blackhawk Network reveals. A quarter of the 1,000 respondents now use mobile wallets; 65% have a debit card in their mobile wallet, 58% have a credit card and 45% have gift cards.

Subway adds PayPal to mobile app

July 30th, 2015

Restaurant chain Subway is to add PayPal as a payment option in its mobile order and pay app to allow customers to make in-app and in-store payments in 27,000 US locations. PayPal One Touch will also be enabled, allowing customers to pay without typing in usernames, passwords or payment credentials. Meanwhile, Android Pay has been added as a mobile payment option alongside Apple Pay.

Commonwealth Bank adds loyalty to mobile app

July 30th, 2015

Commonwealth Bank has added a loyalty feature to its mobile banking app that also offers HCE payments, allowing users to store loyalty cards and redeem them at the checkout with their NFC phone or by scanning the loyalty card barcode. The bank is also set to pilot a separate offers app in a shopping centre run by Westfield, ZDNet reports.

Tech firms do “better job” than banks, say 24% of young Brits

July 29th, 2015

More than a fifth (24%) of Britons aged between 18 and 34 believe companies such as Google, Apple and Amazon would do a “better job” of providing financial products and services than banks, with 8% now choosing their bank depending on the type of mobile service it offers, research from price comparison site uSwitch reveals.

Smart Ticketing Alliance and GlobalPlatform sign MOU

July 29th, 2015

The Smart Ticketing Alliance (STA) has signed a memorandum of understanding with standards body GlobalPlatform to establish an interoperable framework for smart ticketing in the public transport sector. “The STA will provide the business input to assist GlobalPlatform in developing an end-to-end simplified service framework for the public transport industry,” GlobalPlatform says.

MasterCard token platform close to Australia launch

July 28th, 2015

MasterCard’s token platform MasterCard Digital Enablement Service (MDES) could soon be rolled out across Australia following its launch in the US in September 2014. Country manager Andrew Cartwright said the final launch date of the tokenization service depended on the banks, but he expected it would be released in the “very near term”, The Australian Financial Review reports.

Burger King adds MasterPass to US app

July 28th, 2015

Burger King is to add MasterCard’s MasterPass functionality to its mobile app, allowing customers in the US to find the nearest restaurant, explore the menu and pay directly with their phone. “The platform securely stores payment and shipping information which is readily accessible when a consumer checks out using the ‘Buy with MasterPass’ button and logs into their account,” MasterCard says.

HSBC and First Direct go live with Apple Pay in UK

July 28th, 2015

HSBC and First Direct customers in the UK can now add their debit and credit cards to Apple Pay, allowing them to use their iPhone, Apple Watch or iPad to pay at more than 250,000 locations. The banks were a notable absence from the list of supporting financial institutions when the mobile payment service launched in the UK earlier this month.

Wearable payments to reach $501bn by 2020

July 27th, 2015

Payments made using wearable devices such as smart watches, fitness trackers and wristbands will grow from US$3.1bn in 2015 to $501.1bn worldwide by 2020, research from market intelligence firm Tractica finds. “By that time, wearable payments will represent approximately 20% of the total mobile proximity transaction volume and about 1% of total cashless transactions in retail,” the firm adds.

OneBit tests Bitcoin payments via NFC

July 27th, 2015

Bitcoin mobile wallet provider OneBit has begun alpha testing its mobile payment service which works via NFC at the point of sale wherever MasterCard is accepted. “It will no longer be about whether or not a certain store accepts Bitcoin because the app executes the payment in the local currency,” Cryptocoins News reports. “The company will be announcing a more public version of the software in the coming months.”

Page 4 of 85« First...23456...102030...Last »