Obtaining Mastercard and Visa security compliance and keeping in line with the payment ecosystem’s best practices will help to “reinforce” host card emulation (HCE) security levels and minimise the success rates of hacking attempts, says HCE and tokenization provider Antelop Solutions. More
Contactless retail payments to exceed $1 trillion in transaction value by 2019 — Juniper Research — “The global value of contactless transactions made via payment cards, mobile and wearables will reach $1.3 trillion by 2019, more than doubling from an estimated $590 billion in 2017 … contactless card levels will continue to dominate transaction values, accounting for 80% of total contactless transactions in 2019.”
Supermarket giant Carrefour and French bank BNP Paribas have unveiled a new QR code-based mobile payment platform that will let customers make in-store, online and peer-to-peer (P2P) mobile payments as well as store loyalty cards, coupons and special offers on their mobile device. More
PARTNER NEWS: German car manufacturer Daimler’s smartphone-based digital vehicle key for its Mercedes-Benz E-Class range that lets drivers lock and unlock their cars as well as start the engine using an NFC device is being supported by digital security giant Gemalto’s Trusted Services Hub (TSH). More
RBTE 2017: Sainsbury’s throws down gauntlet to mobile payments industry — Essential Retail — “The retailers’ perspective is that many people have joined the payments industry just because they want a piece of the data… Data on customer behaviour and what the customer is doing in the retail environment is the most prized possession any retailer has.”
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More than a third of US consumers (36%) are now using person-to-person (P2P) mobile payment services, with millennials leading the way at nearly double that rate (62%), research released by Bank of America reveals. 45% of non-users plan to start using a P2P mobile payment service within the next year. More
Burger King seeks edge over McDonald’s in mobile payment battle — Bloomberg — “The chain has been testing mobile payment technology in the Miami area since December and is looking to introduce it more broadly soon, according to Jose Cil, Burger King’s president. That will set the stage for a national rollout within months.”
Apple Pay sees double-digit growth, ties with PayPal — Branding Brand — “New shopping data from Branding Brand shows in-app purchases with Apple Pay increased 17% from March 2017 to April 2017… When asked to rank their favorite in-app payment systems, PayPal and Apple Pay tied for first place. Overall, 70% of Apple Pay users want more retailers to offer the service.”
American Express brings the card member experience to the connected home with launch of the Amex skill for Amazon Alexa — American Express — “By linking their online American Express account to the Amex skill, eligible card members with an Alexa-enabled device can check their account balance, review recent charges, make a payment and more through voice commands. The Amex skill for Alexa also connects with the Amex Offers ecosystem, enabling card members to browse certain available limited-time offers and add offers to their eligible cards.”
European mobile payments will almost triple by 2021 — Forrester — “Forrester estimates that mobile payment transactions in Western Europe will grow from €52 billion in 2016 to €148 billion by 2021.”
Researchers from Carnegie Mellon University’s Future Interfaces Group have developed a working concept that enables smartphones to interact with smart home appliances using electromagnetic emission sensing technology. More
CMU researchers create touchpads with a can of spray paint — Carnegie Mellon University — “Walls, furniture, steering wheels, toys and even Jell-O can be turned into touch sensors with the technology, dubbed Electrick… The ‘trick’ is to apply electrically conductive coatings or materials to objects or surfaces, or to craft objects using conductive materials.”
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Hungarian mobile network operator Telenor has added SIM-based NFC mobile payments to its Telenor Wallet app to let its customers make payments using a “purpose-made” bank card issued by Budapest Bank under the brand Telenor MobilPass... More
Say hello to Spotify Codes — Spotify — “We are introducing Spotify Codes, a brand new way for users to share any track, artist, album, or playlist available on Spotify, as easily as taking a picture… They also present an innovative and exciting new way for artists, labels and brands to instantly engage with fans through Spotify.”
One in four banks find it difficult to verify the identity of online banking customers — Kaspersky Lab — “According to the research, in 2016, 30% of banks have had security incidents affecting banking services delivered via the internet — with phishing against customers, and using customer credentials for fraudulent activities, as the top contributing factor leading to the attacks.”
With Echo Show, Amazon seizes the lead in the race to artificial intelligence — Forbes — “This 7-inch touchscreen-equipped digital assistant — Echo Show — is the latest addition to the Alexa family, which began as a simple voice-controlled alarm clock and is fast becoming the central hub of digitally connected homes.”
Chinese tourists in North America will soon be able to make in-store mobile payments at some 4m locations using Alipay, following a partnership between the mobile payment service and payment processor First Data... More
Six in ten UK consumers (60%) think that having fewer than three security steps including passwords, card readers or letters from a memorable word is “insufficient” to secure their bank account, research released by Equifax and YouGov reveals... More
Safaricom’s NFC powered M-Pesa 1 Tap payments solution is now official — Techweez — “Payment has been simplified because you will only need to have a card or the NFC sticker on your phone or the wristband. So far, M-Pesa 1 Tap already has over 13,000 customers who were signed up within a week in Nakuru.”
A group of German and other European companies including banks, vehicle manufacturers and technology providers have signed a “corresponding declaration of intent” to establish a joint, pan-industry platform that will let their customers use a “so-called master key” for registration and identification when accessing online services across a range of sectors including government, aviation and retail. More