Saturday 28 November 2015 | RSS


    Archive: News in brief

    Mobile payments first choice for 8% of UK millennials

    November 5th, 2015

    Some 8% of UK millennials see mobile payments becoming their primary payment method over the next decade, compared with 80% choosing cards and 11% saying cash, research from Compass Plus shows. “Over 80% of the millennial respondents chose either a debit, credit or contactless card as the payment method they will use the most in 10 years time,” the findings reveal.

    Over 50s go contactless in the UK

    November 4th, 2015

    Seven out of ten over 50 year olds in the UK now have a contactless card and one in five use it up to three times a week, research from Saga reveals. “Seven out of ten worry about the security of contactless cards,” the company adds. “The survey shows that four out of ten people aged 80 to 89 have used their contactless card and, in fact, this age group are the least likely to worry about the security of contactless cards.”

    Apple Pay adds 54 more US banks

    November 4th, 2015

    Apple has added another 54 banks and credit unions to its list of Apple Pay supporting financial institutions in the US. “Apple Pay now has over 650 participating issuers nationwide and several more plan to support the NFC-based mobile payment service in the future,” MacRumors reports.

    Amazon to discontinue mPos device

    November 4th, 2015

    Amazon is to discontinue the credit card reader offering it debuted last year. “Effective February 1, 2016, we will discontinue Amazon Register,” the company said in an email reported by Forbes. “We periodically evaluate our offerings to ensure that we focus on delivering unique benefits and, in this case, we’ve decided to discontinue Amazon Register.”

    Chase Pay to offer payments at the pump

    November 3rd, 2015

    Users of Chase Pay, the new mobile payments service from JP Morgan Chase, will be able to make mobile payments at the pump through a programme launched by mobile commerce provider P97 Networks. “Chase’s strategic partnership with P97 will allow Chase Pay to seamlessly integrate with retail site systems through P97’s PetroZone Mobile Commerce Platform including mobile payment capabilities, digital marketing, loyalty programs and customer reward systems,” P97 says.

    One in five US Starbucks transactions now on mobile

    November 3rd, 2015

    Mobile payments now account for 21% of all transactions in US Starbucks-owned stores. “Although we only completed the rollout of Mobile Order & Pay across our system — 7,500 US company-owned store portfolio — in September, we were already operating at a run rate of over five million transactions per month,” CEO Howard Schultz said during the coffee chain’s fourth quarter earnings call. “That figure, believe it or not, is growing by the hour.”

    Crédit Mutuel Arkéa to launch HCE in France

    November 3rd, 2015

    French banking group Crédit Mutuel Arkéa is to begin offering its customers a host card emulation (HCE) mobile payments service. “The solution, provided by Airtag, includes a tokenization server, a wallet management server, a mobile payment application based on HCE technology and a crypto solution to safely store payment credentials on mobile phones,” Airtag says. A national rollout of the service is expected next year.

    Dutch commuters to get Bluetooth offers

    November 3rd, 2015

    Dutch public transport operator Syntus is to send out offers and promotions to commuters using a national network of 3,000 Bluetooth beacons that work in conjunction with a mobile ticketing app provided by Corethree. “Using the company’s proprietary platform Core Engine, the m-ticket will be able to give customers an enhanced experience by linking their journeys with local offers and promotions,” Corethree says.

    Blik signs up 1.3m Poles for mobile payments

    November 3rd, 2015

    Some 1.3m Polish consumers are now using Blik, the mobile payments service backed by six of the country’s banks that lets customers make in-store and online payments, withdraw cash from ATMs and send P2P transfers with their mobile phones. The service launched in November 2014 and is based on technology originally developed by PKO Bank Polski for its Iko mobile payments service.

    Visa to acquire Visa Europe

    November 3rd, 2015

    Visa has confirmed it is to acquire Visa Europe for an upfront consideration of €16.5bn with a potential additional earn-out of up to €4.7bn. “The transaction is subject to regulatory approvals and is expected to close in Visa Inc’s fiscal third quarter of 2016,” Visa says.

    US consumers vote for banks to keep payments safe

    October 30th, 2015

    An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found. 4% most trust alternative payment providers such as PayPal and Venmo while only 1% most trust major retailers or telecom companies. 6% of US consumers have used a mobile app to make a payment, the survey found, with PayPal most popular (45%) followed by Apple Pay (42%) and Google Wallet (11%).

    Alipay to offer QR payments in Taiwan

    October 29th, 2015

    Alipay is to work with E. Sun Commercial Bank to launch a QR-based mobile payment service in Taiwan, Xinhau reports. “More than 3,000 convenience stores, shopping malls and other shops frequented by mainland tourists will offer the payment service” by the end of 2015.

    MCX expands CurrentC pilot

    October 29th, 2015

    US retailer-led mobile wallet consortium MCX, which announced a deal earlier this week to support JP Morgan Chase’s new Chase Pay service, is expanding its Columbus, Ohio pilot to include 200 stores operated by “12 large retailers”. “MCX may expand the test gradually to other states in the first quarter of next year,” CEO Brian Mooney has told Reuters. “Customers who have used the product are using it more than once a week,” Mooney said.

    One million Koreans sign up for Samsung Pay

    October 26th, 2015

    The number of Koreans using Samsung Pay has doubled in the last month to one million and 100,000 payments are now being made using the service every day, Business Korea reports. “Cumulative payments exceeded 100 billion won (US$88 million). Likewise, daily average payments increased from approximately 800 million won (US$705,192) to over 2 billion won (US$1.8 million) between the early stage of the service and recent days.”

    Poynt raises $28m for smart POS terminal

    October 23rd, 2015

    Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device. Poynt Smart Terminals will run the PoyntOS open platform and include support for third party apps as well as mag stripe, EMV, NFC, QR and Bluetooth beacon transactions.

    Ugo reports 100,000 NFC wallet users

    October 23rd, 2015

    Canadian open NFC mobile wallet provider Ugo Wallet has signed up more than 100,000 users since its launch in November 2014, up from 50,000 in August 2015. Customers have uploaded a total of over 250,000 cards to their Ugo wallets, the company says.

    Payworks to enable chip and PIN for Stripe in UK

    October 22nd, 2015

    POS payment platform provider Payworks is to enable Stripe users to accept payments via chip and PIN card readers in the UK. “UK-based merchants selling via marketplaces and platforms built on Stripe Connect will be able to use the Payworks SDK to connect card readers and instantly start accepting physical credit card payments, as well as NFC payments such as Apple Pay,” Payworks says.

    MobiPay launches in the Ukraine

    October 22nd, 2015

    Customers in the Ukraine can now use their mobile phones to make in-store and online purchases and P2P transfers using the MobiPay mobile wallet. “The seller must provide the customer with a QR code for payment on the cash register’s monitor, POS terminal or print it in a cheque,” the company says. “The customer pays for the goods by simply reading the QR code using MobiPay and the connected Visa or MasterCard payment card.”

    SumUp expands to US

    October 22nd, 2015

    European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99. “The new contactless SumUp terminal has been specifically developed for the US and connects wirelessly to any smartphone or tablet,” the company says. The expansion comes after the company raised €10m in August 2015.

    Verizon goes live with Samsung Pay

    October 22nd, 2015

    Samsung Pay is now available to Verizon Wireless customers with a Galaxy S6, S6 Edge, S6 Edge+ or Note 5. The carrier confirmed its support for the mobile payments service earlier this month after being notably absent from the list of companies supporting Samsung Pay when it launched in the US in September.

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