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    Archive: News in brief

    SumUp and Payleven merge

    April 29th, 2016

    UK mobile payment companies SumUp and Payleven have announced that they are to merge and operate as one company under the SumUp name. “By joining forces, the combined company will be perfectly positioned to leverage both SumUp’s proprietary end-to-end hardware and payment platform and Payleven’s leading merchant acquisition capabilities to accelerate growth in a very dynamic market,” SumUp says. “Existing merchants are not affected by the transaction.”

    Payback to add NFC payments to mobile app

    April 29th, 2016

    German loyalty program Payback is to launch a new app in May that will include loyalty points, coupons and NFC mobile payments. “The points via smartphone [function] should be possible at the big Payback partners in a pilot phase in June,” Handelsblatt reports. “The payment function will be based on a QR code and NFC technology. The amount due will be paid by direct debit.”

    Deutsche Bank to launch NFC payments in Q3

    April 28th, 2016

    Customers of Deutsche Bank will be able to make NFC mobile payments using the version of its mobile banking app that will become available for Android in the third quarter of this year. “Contactless payment at the point of sale based on NFC is scheduled to become available when the Android version of the app is released,” the bank says. Deutsche Bank ran a trial in December 2015 of technology that verified the identity of their customers by the way they handle and hold their mobile device.

    Gemalto named as leading mobile ticketing vendor

    April 28th, 2016

    PARTNER NEWS: Digital security giant Gemalto has been awarded the “leading position among mobile ticketing vendors” by Juniper Research for the second consecutive year. Two additional market research companies, ABI Research and IHS, published independent reports that ranked Gemalto as the world’s number one innovator in the transportation market in December 2015.

    MasterCard to reduce EMV checkout time

    April 28th, 2016

    MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout. “A shopper inserts his or her card into an M/Chip Fast-enabled terminal,” the company explains. “M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader.” The announcement follows the unveiling of Visa’s Quick Chip for EMV service.

    Samsung Pay goes live at Woori Bank ATMs

    April 28th, 2016

    Samsung Pay has enabled ATM withdrawals for customers of Woori Bank in South Korea, the company confirmed at the Samsung Developer Conference 2016. “Samsung said it hasn’t yet announced the feature for other markets,” CNET reports. “Samsung also added support in South Korea for gift cards and for membership cards.” Plans to enable Samsung Pay at Woori Bank ATMs were first unveiled in September 2015.

    Tangerine adds biometrics to mobile banking app

    April 27th, 2016

    Customers of Canada’s Tangerine Bank can now log into its mobile banking app for iOS by authenticating themselves with their iris or voice. The bank is using technology supplied by EyeVerify and Nuance’s VocalPassword for the service, which will be supported on the Android platform in the coming months.

    Samsung Pay to launch in Australia “very soon”

    April 27th, 2016

    American Express is gearing up to support the launch of Samsung Pay in Australia “very soon”, American Express Australia’s director of digital commerce Rob Bourne has revealed. “We’re not done with just Apple Pay,” ZDNet reported Bourne as saying at the ADMA Data Day in Sydney. “Our view is very simple — we want to give our customers the choice of how they want to pay.”

    More than half of payment cards shipped in 2015 were contactless

    April 27th, 2016

    Contactless technology was built into 56% of all smart cards shipped globally excluding the Americas in 2015, up from 42% in 2014, the Smart Payment Association reports. “53% of all cards shipped in Europe were contactless, while in the Asia Pacific region, an impressive 74% of cards featured contactless technologies,” says the association. Approximately 2.6bn chip payment cards were shipped around the world last year, with 570m shipped to the US — a two-fold increase on 2014 — and a 27% growth in shipments in China.

    Apple Pay gets 1m new users every week

    April 27th, 2016

    Apple Pay is now signing up 1m new users per week, Apple CEO Tim Cook revealed during the company’s second quarter earnings call. “Apple Pay is growing at a tremendous rate with more than five times the transaction volume of a year ago and 1m new users per week,” Cook told investors. “More expansion of Apple Pay is coming soon.” The mobile payment service is currently live in the US, UK, Canada, Australia, China and Singapore.

    IoT security spending to reach $348m this year

    April 26th, 2016

    Worldwide spending on Internet of Things (IoT) security will reach US$348m in 2016, a 23.7% increase from 2015 spending of $281.5m, Gartner predicts. “Spending on IoT security is expected to reach $547m in 2018,” the firm says. “Gartner predicts that IoT security market spending will increase at a faster rate after 2020.”

    European spend on payments technology to rise

    April 26th, 2016

    Nearly three quarters of European retailers and financial institutions (71%) plan to increase their spending on payments technology in the next 18 to 24 months due to increasing competition and a feeling of being “under siege”, research from ACI Worldwide and Ovum shows. “Banks are seen as the primary provider of payment services by European retailers,” says ACI Worldwide. “87% want to work directly with banks.”

    Emirates Islamic takes banking to Twitter

    April 26th, 2016

    Customers of Emirates Islamic Bank can now request account information through social media site Twitter. “Customers will be able to perform select transactions such as balance enquiry, view their last few transactions and make enquiries about their accounts or credit cards with a simple tweet,” the bank says. “To maintain privacy and confidentiality, the bank will only respond to customer queries via a direct message.”

    Vodafone Wallet wins PX Award

    April 25th, 2016

    PARTNER NEWS: Transaction technology provider Carta Worldwide, PayPal and Vodafone have won the ‘International Program of the Year’ award for Vodafone Wallet at the PX Payments Awards in Canada. “This is the second award win for the new Vodafone Wallet,” Carta says. “In February, the wallet won ‘Best Initiative in Mobile Payments’ at the 2016 Card & Payments Awards.” Vodafone Wallet enabled NFC mobile payments for European users through PayPal in February 2016.

    Visa amends financial details of Visa Europe acquisition

    April 25th, 2016

    Visa has reached a preliminary agreement to amend the transaction details of its Visa Europe acquisition in response to feedback from the European Commission. “Instead of an earn-out, the cash consideration payable in the transaction will be increased by €1.75 billion — €750m payable upon closing and €1bn, plus 4% compound annual interest, payable on the third anniversary of closing,” Visa says.

    42% of UK mobile users don’t trust NFC mobile payments

    April 25th, 2016

    More than four in ten mobile users in the UK (42%) feel that NFC mobile payments are not secure, research from Ofcom reveals. “Mobile users are more likely to say that this activity is not at all secure (24%) than say it is completely secure (10%) — around one in five are unsure,” the communications regulator says. The findings also show that 15% of the 1,841 respondents have used their phone to make a contactless payment.

    Xiaomi to launch Xiaomi Pay in China

    April 25th, 2016

    Chinese smartphone maker Xiaomi is to launch an NFC based Xiaomi Pay mobile payment service in partnership with China UnionPay. “The two parties will design a mobile payment product for Xiaomi’s smartphones,” Xinhua News Agency reports, adding that the companies have yet to specify a timetable. The announcement follows the unveiling of handset maker Huawei’s Huawei Pay NFC service that is also set to launch in China.

    Walmart Pay goes live for iPhone users

    April 22nd, 2016

    US retail giant Walmart has begun rolling out its Walmart Pay QR code-based mobile payment service for iOS devices. The service has been added to the latest update of the Walmart iPhone app, enabling customers to register credit, debit and gift cards for making payments at the checkout. The company announced the launch of Walmart Pay in December 2015 and says that it will be “available in all stores soon”.

    Joey Restaurants launches mobile payments

    April 21st, 2016

    Customers at Joey Restaurants across the US and Canada can now pay with their iPhones using a new Joey Pay mobile app. “The guest inputs the six digit code located at the bottom of their bill in the app,” the chain says. “From the app, guests have the ability to pay with multiple credit cards or Joey gift cards within their profile. Guests receive a message letting them know payment was successful.”

    UK restaurants and bars roll out Z-Beacon technology

    April 21st, 2016

    More than 1,000 restaurants, bars and pubs across the UK are deploying Z-Beacon, a new platform developed by QR code-based mobile payments provider Zapper. The platform uses Bluetooth Low Energy beacons to send out personalised messages, offers and rewards to customers’ mobile devices. Restaurant chain CAU is among the companies installing the technology and has rolled out Z-Beacon to all 17 of its locations across the UK.

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