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    Archive: News in brief

    Trust in Apple as a mobile wallet brand increases in the UK

    February 25th, 2016

    Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals. “Apple has improved from a figure of 18% back in summer 2014 to be trusted by fully 25% today,” the company’s Richard Snoxell writes in a blog post. PayPal has the highest trust rating with 40%, followed by banks (36%) and Visa (33%). Trust in Google stands at 17%.

    Visa Checkout heads to six new markets

    February 25th, 2016

    Visa is expanding its online payment service to France, India, Ireland, Poland, Spain and the UK this year, taking the total footprint to 22 markets. Visa Checkout has been launched in 16 countries since its introduction in July 2014, including the US, Argentina, Brazil and Canada, with usage growing to more than 11m consumer accounts and acceptance by more than 250,000 merchants.

    Telenor Wallet adds MasterPass

    February 24th, 2016

    Customers of Hungarian mobile network operator Telenor can now make online and in-app payments using Telenor Wallet and MasterPass. “The introduction of the new feature is unique as Telenor Wallet is the first MNO integrating MasterPass functionality into their wallet,” MasterCard says. “Register a bank card and other data necessary for the transaction once in the Telenor Wallet app and choose the ‘Buy with MasterPass’ option at the end of the shopping experience.”

    Chase Pay goes to Starbucks mobile app

    February 24th, 2016

    Users of Chase Pay will soon be able to buy food and drinks at more than 7,500 Starbucks cafés in the US through the coffee chain’s own mobile app or with the Chase Pay app. “[The] Chase Pay mobile app will be accepted at 7,500 Starbucks locations by the end of this year,” JPMorgan Chase’s Gordon Smith revealed at the bank’s 2016 Investor Day. The solution will also be “embedded in the Starbucks mobile app”. Chase Pay, unveiled in October 2015, is a closed-loop barcode based mobile payment system available to holders of 94m credit, debit and prepaid card accounts.

    Mobile payments face “substantial hurdles” in 2016, says Atlanta Fed

    February 23rd, 2016

    Limited merchant acceptance points, fragmentation and consumer concerns over security and privacy will remain “substantial hurdles” to mobile payments at the physical point of sale in 2016, according to analysts at the Federal Reserve Bank of Atlanta. Fingerprint, facial and iris recognition will dominate as the most-used biometrics, a blog post by the reserve bank’s Retail Payments Risk Forum also predicts, although the technology is expected to “face critical adoption challenges”. EMV will pick up pace in the year ahead, the forum adds, while ACH same-day service will “not be a huge hit”.

    Morpho and Visa work on biometric authentication

    February 23rd, 2016

    ID specialist Morpho is working with Visa to explore payment concepts using new security technologies including biometric recognition. “These technologies will be applied to existing means of payment such as credit or debit cards, mobile, ATMs and point-of-sale terminals,” Morpho says. “Morpho’s collaboration with Visa intends to explore innovative security solutions in response to the strong growth in this market.”

    CU Wallet to offer MasterPass to 120 credit unions

    February 23rd, 2016

    The 120 member credit unions behind mobile payment platform CU Wallet can now offer MasterCard’s MasterPass digital wallet service to their customers through their own branded mobile apps. “CU Wallet’s on-device application and back-end infrastructure will enable consumers to use MasterPass to simply and safely make purchases in-store, online or in-app with any payment card across multiple communications technologies, including NFC, QR/barcodes and remote checkout,” MasterCard says.

    Mahindra powers AsiaHawala mobile money in Iraq

    February 23rd, 2016

    PARTNER NEWS: Customers of Iraqi mobile network operator Asiacell can now make P2P transfers, settle bills and pay merchants using AsiaHawala, a mobile money service powered by Mahindra Comviva’s Mobiquity Money solution. “Currently, AsiaHawala is using USSD that is available across all types of mobile devices and will soon be adding new channels,” Mahindra Comviva says. “AsiaHawala is available to 10.6m Asiacell customers which covers almost 28% of the total Iraqi population.”

    WiseKey and MasterCard to add NFC payments to watches and wearables

    February 22nd, 2016

    Security specialist WiseKey and MasterCard are working together to enable NFC payments on luxury watches and wearables. “The partnership adds new devices and brands to ongoing MasterCard programs that bring payments to any consumer gadget, accessory or wearable,” MasterCard says. WiseKey is already working with Hublot and Bulgari to add payments to a range of high-end watches.

    Coin launches program to add payments to wearables

    February 22nd, 2016

    Connected device maker Coin has launched a developer program to accelerate the integration of payments into wearables. “The program will enable access to the MasterCard Digital Enablement Service (MDES) to securely digitize MasterCard payment credentials and further reduce the barrier to entry for device manufacturers,” partner MasterCard says. Coin and MasterCard announced their plans to enable NFC payments on a range of wearable devices in January 2016.

    FordPay to launch in Europe this year

    February 22nd, 2016

    FordPay, Ford’s virtual mobile wallet that forms part of the FordPass platform unveiled in January 2016, is to make its debut in Europe this year, the car-maker’s CEO Mark Fields has announced at Mobile World Congress. New partners for the FordPass launch include oil and gas company BP and mobile parking payment provider Mobile City.

    Chinese banks face lower fees to support Apple Pay

    February 22nd, 2016

    Banks supporting Apple Pay in China will pay approximately half the amount in fees that US banks are paying to support the service — and may have negotiated a lengthy initial holiday period, according to Caixin. “Chinese banks have agreed to pay around 0.07% of each transaction to Apple,” the publication reports. “Apple Pay reportedly collects 0.15% of each purchase from banks in the US. Apple will start collecting the fees in two years.” Apple Pay launched in China last week.

    WeChat secures payments with fingerprints

    February 22nd, 2016

    Users of Tencent’s WeChat mobile payment service will soon be able to authenticate transactions with a fingerprint. “This new fingerprint authentication, enabled by the Qualcomm Haven security platform’s authentication framework, means that users will be able to conduct online transactions on mobile devices using their fingerprint,” says technology provider Qualcomm Technologies, a subsidiary of chip maker Qualcomm. The service will be available on Vivo X6 smartphones, before rolling out to other devices in the coming months.

    Powa goes into administration

    February 22nd, 2016

    The company behind the PowaTag mobile payments platform has gone into administration, the Financial Times reports. Powa Technologies CEO Dan Wagner “sent an email to staff on Friday telling them that Wellington Management, its largest investor, had called in loans that it had made to the company and forced it into administration,” the publication says. The news follows reports late last week that the company had failed to pay its staff and suppliers.

    30m users sign up for Apple Pay in China

    February 19th, 2016

    More than 30m Chinese consumers signed up to Apple Pay during its first day of launch in the country, China’s People’s Daily reports. Consumers reported experiencing difficulties when registering their payment cards to the mobile payment service but Apple has since told 9to5mac that the issues were due to a planned gradual rollout of the service throughout the day.

    Barclays Pingit adds BBM support

    February 19th, 2016

    UK users of BlackBerry’s BBM messaging service can now initiate mobile payment transfers to each other using Barclays’ Pingit P2P payment service. “Once a user has added their BBM ID as a linked ID within Pingit, they can initiate a money transfer directly from within a BBM conversation as easily as sending a photo or sticker to a BBM contact,” Barclays says. Pingit currently has more than 2.9m users and more than 68,000 businesses signed up to the service.

    Google selects Oberthur to deploy Android Pay internationally

    February 19th, 2016

    Google has chosen Oberthur Technologies (OT) to support the international deployment of Android Pay, with an initial launch in Australia scheduled this year. “With its Digital Enablement Platform, OT will support financial institutions in offering their customers this new service by enrolling their payment cards into Android Pay,” OT says. “Together, OT and Android Pay will offer financial institutions a one-stop-shop platform to enable and operate the service.”

    PayPal to add NFC to Android app

    February 19th, 2016

    PayPal is preparing to introduce NFC support to its Android mobile app at Mobile World Congress next week, according to TechCrunch. “We’ve been spending a lot of time talking about this big period of transformation and how people shop, how people sell and how people interact with their finances,” PayPal’s Jo Lambert told the publication. The news follows PayPal enabling NFC payments for Vodafone Wallet users in Europe.

    Apple releases update to fix Error 53

    February 19th, 2016

    Apple has released an update to iOS 9 that will restore devices left disabled by Error 53. “For anyone who experienced Error 53, Apple has released an update to iOS 9.2.1 to allow you to successfully restore your device using iTunes on your Mac or PC,” Apple says. “If Touch ID on your device didn’t work before you saw Error 53, the feature still won’t work after you restore your device.”

    Yes Bank customers get sound-based mobile payments

    February 18th, 2016

    Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies. “Ultracash will now be issuing Yes Bank branded digital wallets to consumers,” Ultracash says. Ultracash was launched in October 2015 with support from close to 500 merchants. It now claims to have more than 60,000 active app users and 1,000 supporting merchants.

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