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Archive: News in brief

Barclays reports Pingit stats

July 18th, 2014

Barclays’ Pingit P2P payments service has been used to send £540million since the launch of the service in February 2012, the bank has revealed, and the app has been downloaded 3m times. One in four UK Pingit users are based in London and users in the capital sent more than £60m via Pingit in the first six months of 2014.

Wallaby launches Gear 2 app

July 18th, 2014

Card management app Wallaby, which helps holders of multiple credit cards view their balances and decide which is the best to use for any given transaction, is now available for use on Samsung Gear 2 smartwatches. Wallaby already offers apps for Google Glass and the Pebble smartwatch.

Apple expands iTunes Pass availability

July 18th, 2014

Apple’s new iTunes Pass service, which enables iOS users to buy iTunes credit from their mobile device rather than purchase a physical gift card, is now available internationally, 9to5Mac reports. iTunes Pass buyers need to visit an Apple store in order to activate their purchase.

Facebook tests buy button

July 18th, 2014

Facebook is testing a ‘buy’ button which allows consumers to purchase products through the social media platform. “With this feature, people on desktop or mobile can click the ‘buy’ call-to-action button on ads and page posts to purchase a product directly from a business, without leaving Facebook,” says the social network.

Twitter buys Cardspring

July 18th, 2014

Twitter has acquired card-linked offers platform Cardspring for an undisclosed sum. “As we work on the future of commerce on Twitter, we are confident the CardSpring team and the technology they have built are a great fit with our philosophy regarding the best ways to bring in-the-moment commerce experiences to our users,” Twitter says.

CrucialTec to secure mobile banking with fingerprints

July 18th, 2014

Korean mobile input technology specialist CrucialTec is developing a fingerprint authentication solution that will replace passwords when consumers access mobile banking services on their smartphones, Korea Herald reports. The solution, which is designed to achieve the necessary security certification for use in online banking in Korea, is set to be introduced later this year.

PayPal volumes grow 29%

July 18th, 2014

PayPal’s total payment volume (TPV) grew 29% with merchant services volume up 35% and on-eBay volume up 13% during the quarter to end June 2014, parent eBay has reported. Revenue grew to US$1.9bn and PayPal gained four million new active accounts to end the quarter up 15% year-on-year at 152m users.

Snapchat to add payments?

July 18th, 2014

Messaging app Snapchat has applied to extend its trademark into two classes relating to payments, Techcrunch reports. Trademark #86335306 covers “computer application software for processing electronic payments to and from others that may be downloaded from a global computer network” while trademark #86335307 applies to “electronic transfer of money for others; providing electronic processing of electronic funds transfer, ACH, credit card, debit card, electronic check and electronic, mobile and online payments”.

PayPal offers loyalty rewards

July 18th, 2014

PayPal has introduced a rewards program for “our most active and enthusiastic customers who use PayPal online, in store, or on mobile devices”. PayPal Select, which launched in the US this week, will give frequent users “access to our best offers from leading online retailers” and “dibs to be first in line for the amazing PayPal Customer Service team when they have questions” says PayPal’s Gary Marino.

PosteMobile to roll out NFC

July 18th, 2014

PosteMobile, the mobile network provider owned by the Italian postal service, has signed an MVNO agreement with carrier Wind that will see the company extending NFC payments capabilities to all its three million customers. PosteMobile customers in Rome, Turin and Milan have been able to make NFC payments since 2013.

Apple Japan adds digital gift card

July 17th, 2014

Apple has introduced a digital version of the iTunes gift card in Japan that replaces the need for customers to buy a physical card. “To substitute for a physical gift card, iTunes Pass installs a new pass inside of the iOS Passbook application,” 9to5Mac reports.

Alpha Bank launches NFC in Greece

July 15th, 2014

Greece’s Alpha Bank has officially launched its Tap n Pay NFC mobile payment service. The move follows successful pilots which began in February this year. The service works with a Vodafone SIM card that stores Alpha Bank-issued Visa cards and can be used to make payments at any of the 5,500 contactless POS terminals in Greece.

DMA warns on push messaging

July 15th, 2014

One in three UK smartphone or tablet owners have never enabled push notifications on their connected devices and 78% of those who have enabled it would immediately delete the app or disable the notification if they were unhappy with the push notifications they receive, a DMA UK survey has found. Sales promotions (34%), new product launches (26%) and location-based offers (24%) top the list of push notifications consumers are most willing to receive.

Toshiba offers dynamic NFC tag

July 15th, 2014

Toshiba has introduced an NFC Forum Type 3 tag chip that includes a wired interface, enabling it to be used to collect and store dynamic data generated by “normally standalone products, such as calculators, clocks, and healthcare items”. Data, such as blood pressure readings, can then be transferred to the user’s smartphone via NFC.

Singapore ups contactless spending

July 11th, 2014

Singapore’s United Overseas Bank has reported a more than three-fold increase in contactless card transactions in the year to April 2014, with more than 500 contactless purchases now being made each day. Nine out of 10 contactless payments are for everyday items such as groceries, dining and pharmacy purchases, while the most frequent users of contactless cards are professionals and executives aged 30 to 45.

1.75bn to use mobile banking

July 11th, 2014

More than 1.75 billion mobile phone users will have used their device for banking purposes by the end of 2019, up from 800 million people this year, according to a new Juniper Research forecast. “Banks now regard the mobile channel as an indispensable revenue stream,” says report author Nitin Bhas. “However, with the mobile channel becoming a key customer retention strategy, it presents a great challenge to traditional institutions.”

PayPal pays next day

July 11th, 2014

PayPal is piloting Next-Day Settlement (NDS), a new service that cuts the time taken for transfers between a merchant’s PayPal account and their bank account from the usual three or four days to 24 hours. “We’ve been working with our banking partners to optimize processes on both their end and ours so that we can make the 24-hour transfer a reality,” PayPal says.

China UnionPay to offer QR payments?

July 11th, 2014

China UnionPay is developing a QR code-based mobile payment service that will provide a way to make both online and offline mobile payments, according to Marbridge Consulting. The company, which has been heavily involved in the rollout of NFC payments in China, is now in discussions with banks regarding promotional activities for the new service, the report says.

New IoT consortium launches

July 11th, 2014

Atmel, Broadcom, Dell, Intel, Samsung and Wind River have formed the Open Interconnect Consortium (OIC), a new industry grouping that aims to improve the interoperability and define the connectivity requirements for the Internet of Things (IoT). Rival IoT standards group the AllSeen Alliance, set up in December 2013 and backed by 51 companies, signed up Microsoft as its latest member earlier this week

Seqr heads to UK

July 10th, 2014

Swedish firm Seamless, developer of the NFC and QR-based Seqr mobile payments service, has signed deals with Optimal Payments and Contis Group to bring the solution to the UK. Last week, Seamless signed a deal with Incomm to take Seqr to the US market.

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