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Archive: News in brief

30% of US smartphone owners to use mobile payments this holiday season

November 21st, 2014

Nearly one in three (30%) US smartphone owners say they plan to use mobile payment offerings such as Apple Pay or Google Wallet for shopping in stores this holiday season, Bluetooth ‘connected card’ maker Stratos’ 2014 Holiday Mobile Payments Survey has found. 17% said they would spend more because of these new payment options and 5% said they felt “more comfortable” paying with their device than using traditional payment cards.

Drop offers beacon-based payments

November 21st, 2014

Payments startup Drop has launched a mobile payments and loyalty solution that uses Bluetooth beacons to let shoppers order and pay from up to 200 feet away before picking up their purchase and leaving without having to wait in line at the point of sale. “Drop is suitable for use in any purchasing environment; food trucks, beer festivals, stadiums, restaurants and bars, all of whom would use the Drop iPad POS, right through to a solution that integrates with the existing POS and ecommerce platforms,” the company says.

Square eyes global expansion

November 21st, 2014

Square has updated its Register apps for iOS and Android to support 130 currencies and is in talks to bring its mPOS solution to Europe, TechCrunch reports. “While the Square Register app has now been turned on internationally, the hardware, and payment processing, have yet to arrive,” the report adds.

First Bus takes Pingit nationwide

November 21st, 2014

UK bus operator First Bus is to accept payment via Barclays Pingit nationwide following a trial launch in selected areas of the country. “Despite only recently adding Pingit as a payment option for customers, in some of First’s operating areas, the Pingit share of m-ticketing transactions is approaching 7%,” the operator explains. “More than 50% of Pingit payments so far are by bus users over the age of 25, demonstrating its popularity with customers across many age groups.”

Millennials more open to mobile payments

November 21st, 2014

Among US and UK consumers who have not yet used a mobile wallet, 18-34 year olds are the most enthusiastic when asked about the potential benefits, research from JWT Intelligence has found. “These consumers are more interested than others in using a phone to pay if it makes transactions faster, makes splitting bills easier, can replace cash in low-denomination payments and helps keep track of purchases,” the company reveals.

65% of Canadians plan to make mobile payments

November 20th, 2014

Almost seven in ten Canadian smartphone owners (68%) are aware of NFC or QR codes and 65% are likely to make NFC or QR payments over the next six months, research by Visa Canada has revealed. “Canada is a world leader in mobile NFC and QR payments,” says Visa’s Derek Colfer. “It is very encouraging to see solid awareness of NFC payments as well as that upwards of 26% of Canadians are beginning to use their mobile device for online ecommerce payments.”

Google Wallet adds refer-a-friend program

November 20th, 2014

Google has introduced a refer-a-friend program to reward consumers with US$5 each time they introduce a friend to Google Wallet. “Simply send money (even a penny works) to a friend of yours who doesn’t have a Google Wallet balance yet,” the company explains. “When they claim the money and verify their identity, you’ll each receive $5 in your Wallet balance.”

SunTrust adds Apple Pay

November 19th, 2014

SunTrust Banks is now offering Apple Pay to its clients and merchants, joining a long list of US banks already supporting the NFC mobile payment solution. “We are constantly looking for ways to improve the financial well-being of our clients and part of that is offering solutions that make banking simpler, more convenient and safer,” says Atlanta-based SunTrust’s Beverly Ladley.

US mobile payments to reach $142bn in 2019

November 19th, 2014

US mobile payments volumes will grow from $52bn in 2014 to $142bn by 2019, according to a new forecast from Forrester. However, that number will be “just a drop in the ocean of total US consumer spending,” ComputerWorld reports, representing just 1% of the total US$16trillion consumer payments market.

inMarket hits 18% of US mobile shoppers

November 18th, 2014

Mobile in-store marketing solution provider inMarket’s iBeacon platform now reaches 31.5m monthly active consumers, the equivalent of 18% of all US mobile users, according to research conducted by Comscore. “Our beacon program works because we reach shoppers in stores via the shopping apps they already use and love,” says CEO Todd Dipaola. “Ultimately, success in beacons comes down to scale, context, and user experience.”

Bi-Lo adds Apple Pay

November 18th, 2014

Bi-Lo Holdings, parent company of the Bi-Lo, Harveys and Winn-Dixie grocery store chains, has announced that it now supports Apple Pay in all of its 830 outlets in eight US states. “Bi-Lo Holdings is prioritising digital mobile solutions for our customers and Apple Pay is an exciting first step in our journey,” says the company’s Bert DuMars.

Post Office offers Tweet-to-donate service

November 18th, 2014

The Post Office has launched Tweet to Donate, a service developed with IMImobile that allows Twitter users to tweet cash donations to the UK’s Children in Need charity. “Users who would like to make a donation simply follow the Post Office on Twitter and tweet the hashtag #MakeMeAHero,” IMImobile explains. “Users then receive a direct message with a link to a landing page through which they can donate £1, £3 or £5. The donation will be debited from the user’s phone bill or the pay-as-you-go balance.”

Venmo adds TouchID

November 18th, 2014

Users of the Venmo mobile payment app can now sign in with Apple’s TouchID feature on the iPhone 5S, 6 and 6 Plus. “If you have a Apple device with TouchID, you can now use your fingerprint instead of a PIN to access the Venmo app,” the company says.

SnapChat adds cash transfers

November 18th, 2014

SnapChat and Square have teamed up to launch Snapcash, a service that builds on Square Cash to let SnapChat users send cash transfers to friends from within the photo messaging app. “After you enter your debit card, it’s securely stored by Square, who will swiftly process your payment and send cash directly to your friend’s bank account,” SnapChat says. “Just swipe into chat, type the dollar sign, an amount (e.g. $11.25), and hit the green button.”

Dongle-free mPOS on its way

November 18th, 2014

Oberthur Technologies (OT) has teamed up with NFC mPOS services provider Mobeewave for Flying mPOS, a solution that will enable NFC devices equipped with Oberthur’s Pearl embedded secure element to be used as a mobile POS terminal — without the need for a separate dongle or other add-on. “The commercial product will receive all Visa and MasterCard approval,” Mobeewave’s Vincent Alimi has told NFC World+.

TfL reports 12m contactless payments

November 17th, 2014

More than 12m public transport journeys have been made using contactless payment cards and devices since Transport for London (TfL) launched the service in September, and contactless already represents close to 8% of all pay-as-you-go journeys on the network, TfL says. One million journeys were paid for with a contactless card in the ten days after launch.

CUP moves to block Alipay

November 17th, 2014

China UnionPay (CUP), the country’s official card payments network, has issued notifications to its member banks to tell them “to avoid working with third-party payment services like Alipay”, Want China Times reports. Alipay now has a 50% market share in China, the report adds, while CUP has an 11.9% share. Apple, which today added CUP cards as a payment option to its App Store, has been reported to be in talks with China UnionPay and also with Alipay about partnering to bring Apple Pay to China.

Apple Pay retailers release stats

November 17th, 2014

Apple Pay accounts for 50% of tap-and-pay transactions at McDonald’s, which accepts “all payment products that leverage standard NFC”, according to a New York Times report. Walgreens has seen its mobile wallet payment volumes double since Apple Pay was launched, the report adds, but Toys R Us says it has seen “relatively few” mobile transactions because customers are “still learning about the new technology”. Whole Foods Market revealed last week that it has processed more than 150,000 Apple Pay transactions.

Softcard adds United MileagePlus cards

November 17th, 2014

United Airlines and Chase are adding support for United MileagePlus credit cards to the Softcard mobile wallet. “Cardholders can now add United MileagePlus credit cards to Softcard, using the app to tap to pay and earn award miles at hundreds of thousands of locations nationwide that accept contactless payments,” Softcard says.

Survey: Contactless adoption requires security proof

November 17th, 2014

Two out of three Americans would consider making mobile or contactless payments more often if they were proven to be secure, a survey of 1,000 US consumers conducted by Kelton Research for Gemalto has found. Currently, however, 69% are concerned about mobile payments security and 62% are worried about the security of contactless payments.

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