Tuesday 1 December 2015 | RSS


    Archive: News in brief

    Fingerprint sensor shipments to reach 1bn units by 2020

    October 5th, 2015

    Shipments of fingerprint sensors for smartphones are expected to reach 1bn units by 2020, representing a 17% compound annual growth rate (CAGR), according to ABI Research. “Other biometric modalities like face, voice and eye-based recognition are currently moving out of the fledgling phase and are to be integrated as highly-secure — albeit more expensive — biometric capabilities in smartphone devices with a five-year CAGR revenue growth of 144%,” the company says.

    Pinterest expands availability of Buyable Pins

    October 5th, 2015

    Visual discovery app Pinterest is expanding its Buyable Pins, which let users make payments through Apple Pay, to more commerce platforms including Bigcommerce, IBM Commerce and Magento. “We’re also rolling out new Buyable Pins from Bloomingdale’s, Wayfair, DVF, Steven Alan and thousands of new merchants from our launch partners Demandware and Shopify,” the company writes in a blog post. More than 60m Buyable Pins have been activated since June 2015.

    Under half of US small businesses aware of EMV

    October 5th, 2015

    Some 43% of small business owners in the US are familiar with EMV cards, Capital One’s Spark Business Barometer has found, but just a third (34%) of those were accepting EMV cards as of August 2015. 54% of those familiar with EMV are “unaware” that businesses will be liable for fraudulent charges incurred on other payment systems and 6% will increase investment in digital payment solutions such as Apple Pay.

    Second generation NFC Ring seeks funding

    October 2nd, 2015

    The UK start-up that developed the NFC Ring in 2013 has begun raising funds on Kickstarter for its second generation device. “The 2016 NFC Ring boasts significant improvements,” the company says. “Most notable among these are improved operating range, improved storage size and a more refined user experience.” It is also in “active discussions” to add payment functionality.

    BNP Paribas pilots cards with dynamic security codes

    October 2nd, 2015

    French bank BNP Paribas has begun trialling payment cards on which the three-figure security code is replaced with a small screen displaying a code which automatically changes periodically in order to make online payments more secure. The bank is using Oberthur Technologies’ OT Motion Code solution for the pilot, which involves 1,000 customers. French bank BPCE has also conducted a pilot test of the cards.

    Samsung Pay gets seven city US promo tour

    October 2nd, 2015

    Samsung is to run a seven city tour to promote the launch of Samsung Pay in the US. “Samsung will give consumers in Austin, Dallas, Atlanta, New York, Chicago, San Francisco and Los Angeles a special opportunity to unlock special offers and prizes through Samsung Pay,” the company says. The service launched in the US this week.

    Starbucks takes mobile ordering to the UK

    October 2nd, 2015

    Coffee chain Starbucks has expanded its Mobile Order & Pay service to the UK, allowing customers to use its iOS mobile app to pre-order and pay for their food and drinks in more than 150 stores across London. The announcement follows the roll out of the service to all US locations and to Android devices last month.

    60% of US cards to support EMV by year end

    October 1st, 2015

    Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017. Task Force members include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.

    One in three Americans have an EMV card

    October 1st, 2015

    More than six in ten US credit card holders don’t yet have a chip-enabled card, a survey conducted by CreditCards.com with Princeton Survey Research Associates International reveals. “Just 32% of respondents said they have a credit or debit card with a smart chip,” the company says. The findings come as the EMV liability shift takes place across the US today.

    Twitter expands Buy Now buttons

    October 1st, 2015

    Twitter is to integrate its Buy Now button technology with ecommerce platforms Bigcommerce, Demandware and Shopify to enable merchants including Best Buy, Adidas and PacSun to sell products via the platform. “With Buy Now, businesses can drive more conversions and remove much of the friction in the mobile purchasing process,” Twitter writes in a blog post.

    Kona white paper explores HCE and tokenization

    October 1st, 2015

    ‘The Evolution of Host Card Emulation and Tokenisation’, a 15-page white paper produced by South Korea-based smart card and mobile payment solution provider Kona International, is now available to download from the NFC World Knowledge Centre. The paper provides an overview of the evolution of card payments from magnetic stripe cards to EMV, contactless cards, NFC, host card emulation (HCE) and tokenization and posits that HCE with tokenization will ultimately become “the order of the day” in both the developed and developing world.

    Three in four Poles aware of NFC mobile payments

    September 30th, 2015

    Nearly three quarters of Polish consumers (74%) are aware of NFC mobile payments and 4% are using them, research conducted by ARC Rynek i Opinia for SIA reveals. 96% have heard of contactless payments and credit cards and 41% perceive them to be the most “modern”, followed by mobile payments (36%), payment cards or online bank transfers (35%).

    Rio Olympics to get NFC wristbands?

    September 29th, 2015

    Visa has shown off a proof of concept NFC wristband in San Francisco, demonstrating how it could be used for making payments at the Rio 2016 Olympics next year. “Olympic hopefuls attending the Team Visa Summit learned to use new payment technologies that are expected to be implemented at the Rio 2016 Olympic Games including Visa Checkout and Samsung Pay,” Visa says. “We can’t yet confirm what kind of wearable payment devices we may have in Rio,” the company told NFC World.

    SumUp expands to Sweden

    September 29th, 2015

    European mPOS company SumUp has launched its mobile card acceptance solution in Sweden, expanding its footprint to 14 countries including Germany, the UK and Brazil. “With its PIN+ Card Terminal, SumUp will be the first company to offer a proprietary card terminal to small businesses in Sweden,” the company says. The expansion follows a €10m (US$11.2m) funding round in August 2015.

    iPhone 6s includes NXP’s 66V10 NFC controller

    September 29th, 2015

    A teardown conducted by iFixit shows that Apple has included NXP’s 66V10 controller in the new iPhone 6s models — a different chip to the 65V10 module included in the iPhone 6. NXP declined to comment on the differences between the two parts when asked by NFC World.

    PayPal to launch contactless reader in US

    September 29th, 2015

    PayPal is to introduce its PayPal Here contactless card reader in the US on September 30, following its launch in the UK in August 2015. “The reader works on both iOS and Android platforms and accepts chip card transactions, magnetic stripe and contactless NFC transactions including Apple Pay, Android Pay, Samsung Pay and any other NFC-enabled device or card,” PayPal writes in a blog post.

    Velocity acquires mobile payments app Cover

    September 29th, 2015

    Restaurant payment app Velocity has acquired mobile payments solution Cover for an undisclosed sum. Cover is accepted at more than 350 restaurants in New York, San Francisco and Los Angeles. “The acquisition will accelerate the expansion of Velocity’s global hospitality platform, which connects premier restaurants with affluent diners, empowers them to settle their bill directly from their phone and builds loyalty through tailored status and rewards programs,” Velocity says.

    Samsung Pay goes live in the US

    September 28th, 2015

    Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month. It launches with support from American Express, Bank of America, Citi, US Bank, MasterCard and Visa, with mobile network operators Sprint, US Cellular, AT&T and T-Mobile on board. Verizon Wireless has yet to announce its support.

    Cyber experts unsure of mobile payment security

    September 28th, 2015

    Just one in four cybersecurity experts (23%) believe that mobile payments are secure and can keep personal information safe, the 2015 Mobile Payment Security Study from IT professional association ISACA has found. 47% say mobile payments are not secure and 30% are unsure. “87% expect to see an increase in mobile payment data breaches over the next 12 months, yet 42% of respondents have used this payment method in 2015,” the association says.

    US carriers push Samsung Pay to phones

    September 28th, 2015

    T-Mobile has reportedly begun pushing software updates to Samsung Pay supporting devices ahead of the mobile payment service’s launch in the US, expected today. “The update contains mostly tweaks to Samsung Pay,” Android Headlines reports. AT&T is also pushing out an Android 5.1.1 update for both the Samsung S6 and Galaxy S6 Edge that brings with it the addition of Samsung Pay, according to Android Central.

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