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Archive: News in brief

Consumers shop more on smartphones

July 25th, 2014

“Nearly all mobile payments growth on Adyen’s platform in Q2 originated from smartphones,” the payments processor’s latest global Mobile Payments Index has found. “Europe leads the world in mcommerce transactions, with 22.7% of all transactions originating from a mobile device (12.4% phone; 10.3% tablet). This represents a near 40% increase from June 2013, when mobile represented 16.3% of total transactions.”

Worapay raises funds

July 25th, 2014

Lithuania-based mobile wallet platform provider Worapay has raised €400,000 in new funding from Israel’s Entree Capital, Verslo Zinios reports. The company currently operates in Lithuania and Estonia and has launch plans for Latvia, Poland, Czech Republic, Finland and Spain.

Target launches image recognition app

July 23rd, 2014

US retail chain Target has launched an image recognition app that lets customers buy items from magazine adverts, catalogs and other media showing the retailer’s ‘In a Snap’ icon. Shoppers hold their phone over a product to capture its image and are then presented with product information and the ability to add the item to their cart and buy it from Target.

IBM partners with Monitise

July 21st, 2014

IBM and Monitise have formed a strategic alliance designed to help financial institutions deliver cloud-based mobile banking, payments and commerce solutions to their customers. “The combination of our capabilities with Monitise will provide value to our clients, enhance the customer experience and drive business growth,” says IBM senior vice president Steve Mills.

Nintendo adds NFC payments

July 21st, 2014

Nintendo Wii U users in Japan can now use the NFC interface built into their GamePad controller to purchase games with a Suica contactless payment card. The plan to offer contactless payments was detailed by Nintendo president Satoru Iwata in May this year. Gamers that use the service will receive Suica loyalty rewards at the rate of one point for every ¥200 they spend.

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.

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