Monday 30 May 2016 | RSS

 
    Feedback
     

    Archive: News in brief

    Apple Pay adds US and Chinese banks

    March 21st, 2016

    Apple has added another 48 banks and credit unions to its list of Apple Pay supporting financial institutions in the US and a further three banks in China, “notably including Ally Bank, one of the last major national US banks that had not supported the mobile wallet technology,” Macnn reports. “The three new Chinese banks that have added support for Apple Pay are China Everbright Bank, Huaxia Bank and Ping An Bank.”

    MobiKwik lets mobile wallet users find local merchants

    March 21st, 2016

    Indian mobile wallet service MobiKwik has added a new feature to its app that lets users search for locations where the service can be used to make in-store payments. “With immediate effect, more than 10,000 MobiKwik partner retail stores would now be visible to the users on the ‘Explore Nearby’ tab,” the company says. “Users can also view existing offers at these outlets and pay via MobiKwik to redeem it.” WHSmith India began accepting MobiKwik in July 2015 and was shortly followed by Big Bazaar.

    Digital payments to increase 20% in 2016

    March 21st, 2016

    Consumers will spend more than US$3.6trn using online, mobile and contactless payments services this year, up 20% from US$3trn in 2015, according to Juniper Research. “While cards will account for 90% of contactless payments over the next five years, the deployment of NFC payments by high-profile players such as Apple and Samsung would increase consumer awareness and usage of smartphones to fulfil transactions,” the firm says.

    Jiffy reports 300,000 P2P payments users

    March 21st, 2016

    More than 300,000 Italians have registered to use P2P payment service Jiffy since it was launched by payment processor SIA in October 2014. “The average value of a single transaction is €44 and around 50% of the transfers are for sums under €25,” SIA says. “23 bank groups, of which four since the beginning of 2016, have subscribed to SIA’s P2P payment service since its launch on the Italian market. Once all the banks are active, the service will therefore be accessible by over 32m Italian current accounts, equal to around 80% of the total.”

    Swatch to focus on mass market smartwatches

    March 18th, 2016

    Luxury watchmaker Swatch will focus its smartwatch activities on its plastic Swatch brand before considering the technology for its pricier models. “Making progress in the smartwatch market is crucial for Swatch, which is seen as the most vulnerable of the Swiss watchmakers to inroads by the Apple Watch and similar watches produced by Samsung Electronics and others,” The Wall Street Journal reports. The company launched its first NFC payments watch, the Swatch Bellamy, in China in October 2015.

    German debit cards move towards NFC

    March 18th, 2016

    Vodafone Germany has demonstrated at CeBIT 2016 the first NFC mobile payment transaction made with a Girocard — the most common debit card in the country stored in a Vodafone Wallet. “The transaction was made using a smartphone and a POS terminal with NFC, initiated and successfully authorized by the Girocard system,” the carrier says. “In a next step, the partners explore concrete possibilities of joint implementation in the market.”

    Mobile payments to replace cash and cards by 2030?

    March 18th, 2016

    Seven in ten consumers (70%) believe that 2030 will be the year that mobile payments become secure enough for traditional payment methods such as cash and cards to no longer be required, the IEEE’s Global Cyber-security Survey has found. The biggest concerns with mobile payments today are payment information hacks (46%), unauthorized payments processed by a mobile payment provider (33%) and accidental payments made via NFC or QR codes (13%).

    Swisscom enables carrier billing for online purchases

    March 17th, 2016

    Customers of Swiss mobile network operator Swisscom can now pay for goods online by charging the cost to their phone bill through a partnership between the carrier and Docomo Digital, a division of Japanese carrier NTT Docomo. “With a simple API integration, retailers of physical goods will be able now to offer Swisscom Direct Carrier Billing (Easypay) as a new payment method for customers,” Docomo Digital says. “The first retailer that will use the solution is MediaShop Group.”

    Apple Pay to launch in Switzerland?

    March 17th, 2016

    Apple is preparing to launch Apple Pay in Switzerland, a filing with the Swiss Federal Institute of Intellectual Property suggests. “Apple’s new entry is well hidden,” finews.ch reports. “The company has only the brand logo of Apple Pay now enabled — a legal trick to avoid waking the competition.”

    Digiwell implants NFC chips at CeBIT

    March 16th, 2016

    Visitors to this week’s CeBIT show in Hanover, Germany, can get an NFC chip implanted into their hand by visiting the Digiwell stand. “It will cost you €69 (US$77) including the special syringe to insert it,” PC World reports. “You can get chipped for free at CeBIT if you’ll submit to the procedure on stage.”

    American Bankers Association calls for tokenization and biometrics

    March 16th, 2016

    The American Bankers Association’s Card Policy Council is calling for all consumer-facing industries to implement the latest payment protection technologies, including EMV chip cards, tokenization and biometrics. “We invite retailers to partner with banks by taking common sense measures like activating their chip credit card readers and accepting secure mobile wallets,” says the Card Policy Council’s Jess Sharp.

    Waitrose trials ‘scan as you shop’ mobile app

    March 16th, 2016

    Customers at upmarket UK supermarket chain Waitrose are trialling a ‘scan as you shop’ mobile app in three branches that lets them scan product barcodes on their phones as they place goods in their basket. “The trial is taking place in Waitrose shops in Clapham Common, Meanwood and Milngavie, with a view to rolling out the service to all Waitrose branches in 2016 if successful,” the company says. Waitrose began testing Bluetooth Low Energy (BLE) beacons in its stores in May 2014.

    Mahindra Comviva powers HCE payments at ICICI

    March 16th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva has supplied the technology behind the host card emulation (HCE) based payments feature in ICICI Bank’s Pockets app, which was announced earlier this week. The service allows the bank’s customers to make NFC mobile payments at any contactless terminal and is expected to launch at the end of this month.

    Amazon files selfie pay patent

    March 15th, 2016

    Amazon has applied for a patent that would enable consumers to authenticate a transaction by taking a picture of their face. “The user is identified using image information which is processed utilizing facial recognition,” the patent says. “The device verifies that the image information corresponds to a living human using one or more human-verification processes.” MasterCard announced in February that it would be rolling out its ‘selfie pay’ service this summer.

    Coca Cola to launch vending machine loyalty programme

    March 15th, 2016

    Coca Cola is planning to launch a loyalty programme at select vending machines this spring that would let customers accumulate points to earn a free drink. “Running on iOS and Android, the service allows people to buy a Coke through select connected vending machines, accumulating points that will let them get a free drink,” The Drum reports from the SXSW show. “The drinks maker gets to know where and when people are buying its products — something that could also be fuelled by its exploration of Blockchains, a transaction database that allows it to see what’s happening at every stage of the value chain.”

    Capital One integrates with Amazon’s Alexa

    March 15th, 2016

    Capital One customers can now check their balances, pay bills and track their spending by talking to Alexa, the virtual assistant on Amazon’s Fire TV and Echo home shopping device. “You’ll need to download the Alexa app on your smartphone,” Capital One says. “When you have the app open, tap Skills in the menu and search for Capital One. Then click Enable and follow the prompts to enter your Capital One username and password so Alexa can access your account information.”

    Paytm aims to sign up 4m stores in India for mobile payments

    March 14th, 2016

    Indian mobile payments platform Paytm plans to double its in-store merchant acceptance to four million locations this year, the company’s CEO has told Economic Times. “This year, we will be present offline in every nook and corner,” Vijay Shekhar Sharma said. “Our offline payments will become as big as our online payments.” Paytm users can complete in-store transactions by scanning a code with their mobile phone.The company is also currently trialling sound-based payments.

    MegaFon closes P2P payments service

    March 14th, 2016

    Russian mobile network operator MegaFon has closed its MegaFon Money P2P mobile payment service in favour of supporting Qiwi Wallet, which integrated host card emulation (HCE) support in August 2015. “After we launched a joint service with Qiwi Wallet last February, we made a decision not to develop two similar financial services in the company and to close MegaFon Money,” the carrier confirmed to NFC World.

    Visa Checkout lets users slide to pay

    March 14th, 2016

    Shoppers can now complete online purchases through Visa Checkout by sliding a virtual image of their credit, debit or prepaid card across the screen of their smartphone. “Now, instead of a lightbox, a consumer sees a picture of her card on the Visa Checkout button, swipes it to the right and simply enters her password inside the button itself to authenticate,” Visa says. “The interactive button is now available globally to merchants selling digital goods and services, or items that customers purchase online and pick up in a physical store.”

    Verizon to support Samsung Pay

    March 11th, 2016

    Verizon has confirmed that its Samsung Galaxy S7 and Galaxy S7 Edge devices will come equipped with Samsung Pay, despite reports earlier this week that the mobile network operator had disabled support for the mobile payments service. “Samsung Pay is undergoing testing and will be available on schedule for our 3/11 launch of Galaxy S7 and Galaxy S7 Edge,” Verizon’s Jeffrey Nelson says in a tweet.

    Page 8 of 116« First...678910...203040...Last »