Dutch banks have laid out plans to facilitate instant payments within four years, with a view to creating a “new payment infrastructure” that would transfer payments within five seconds... More
Archive: News in brief
Google misses out on transaction fee revenues
Google won’t earn any transaction fees from credit card issuers for Android Pay, unlike Apple which receives 0.15% of the value of each credit card transaction made with Apple Pay, sources have told The Wall Street Journal.“That is because Visa and MasterCard recently standardised their tokenization card-security service and made it free, preventing payments services from charging fees to issuers,” the newspaper reports... More
Samsung smartwatches to support Samsung Pay?
Samsung is planning to offer Samsung Pay mobile payments on the smartwatch devices it is scheduled to launch in the second half of this year... More
Apple Pay to launch in UK this summer?
Apple is reported to be planning to launch Apple Pay in the UK this summer, with an announcement expected today at the company’s Worldwide Developer Conference... More
UK retailers to go 100% contactless by 2020
“From the beginning of next year, any new payment terminal that gets deployed has to accept contactless,” MasterCard’s head of emerging payments products Mike Cowan told attendees at the company’s Future of Payments event in London this week, TechWeek Europe reports... More
Less than a quarter of top US retailers accept Apple Pay
Fewer than a quarter of the National Retail Federation’s list of the top 100 US retailers are now accepting Apple Pay, with nearly two-thirds saying they will not be accepting it this year and only four saying they have plans to add support in the next 12 months, research conducted by Reuters has found... More
TfL clocks up 100m contactless payment journeys
Transport for London (TfL) is now processing 1.2m open loop contactless payment transactions every day and is seeing 18,000 new contactless payment cards on a daily basis, with a total of 4m now in use... More
AT&T boss admits mobile payment failure
The CEO of AT&T has admitted that the US carrier’s mobile payment efforts have failed in light of the closure of Softcard, the joint venture between it, T-Mobile USA and Verizon... More
MasterCard ready to “switch on” Apple Pay in Europe
MasterCard is “absolutely ready” to switch on Apple Pay in the UK and Europe and is just waiting for the iPhone maker’s green light... More
Gazprombank pilots NFC tickets
Russia’s Gazprombank and MasterCard are piloting NFC mobile and contactless card payments for transit fares using PayPass terminals across the K-39 bus route in St Petersburg... More
HID Global brings government IDs to mobile
ID card provider HID Global will use its Seos technology platform, which supports both NFC and BLE functionality, to let citizens carry government IDs on smartphones and other mobile devices... More
Execs look to disrupt payments value chain
Nearly half (44%) of payment executives globally cite reducing the number of fee collectors in the payments value chain as their “top opportunity”, ranking higher than targeted offers (41%) and mobile (39%), ACI Worldwide and Ovum reveal... More
Apple Pay added to 12 banks
Apple has added a further 12 US banks and credit unions to its list of participating financial institutions... More
37% of vending payments cashless
Cashless payments now account for 37% of all transactions made on vending machines equipped with USA Technologies’ ePort Cashless Payment System, data from the company’s 2015 Cashless Knowledge Base Study has found... More
Tiny NXP diode to protect NFC chips
PARTNER NEWS: NXP has introduced a component designed to protect NFC chips in mobile devices from voltage spikes... More
Chase Bank adds Touch ID authentication
Chase Bank has added Touch ID authentication to its Chase Mobile app for iOS to let users log in to the service using their fingerprint... More
Pinterest shows off buy buttons
Pinterest has demonstrated how developers could place ‘action buttons’ inside the app that would let users buy items or add them to wishlists... More
1bn biometric banking consumers by 2017
More than 1bn consumers globally will be accessing banking services through biometric systems by 2017 and biometrics will become the predominant method of identification for accessing bank services by 2020, Goode Intelligence predicts... More
Chinese unveil face recognition ATM
Researchers at China’s Tsinghua University and technology company Tzekwan have unveiled an ATM with inbuilt facial recognition features... More
Cayan to support Android Pay rewards
Businesses using payment technology provider Cayan’s Genius Customer Engagement Platform will be able to “simply switch on” support for Android Pay when the service launches later this year... More