Customers of Singapore’s DBS Bank and OCBC Bank will soon be able to make in-store mobile payments by scanning a QR code at any point-of-sale terminal belonging to the country’s electronic payments network Nets. More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
US Bank ties credit card points to mobile payments
Customers of US Bank will be offered a high-end credit card from 1 May 2017 that will award them triple points per dollar spent through a mobile payment made using Apple Pay, Android Pay, Samsung Pay or Microsoft Wallet... More
Mahindra Comviva explores the evolution of digital payments in India
The most obvious recent change in the payments landscape across India is the significant increase in the number of digital payments taking place in both urban and rural areas as a result of the measures taken by the Indian government to push the cashless initiative to the top of the nation’s agenda, says Mahindra Comviva’s senior vice president and head of mobile financial solutions. More
Amazon gets approval for digital wallet in India
Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country... More
Orange to launch mobile-only bank with NFC payments and AI
Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More
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Bank of Korea signs up retailers for coinless society trial
The Bank of Korea (BOK) has signed up retailers including CU, 7-Eleven, E-Mart, Lotte Mart and Lotte Department Store to begin trialling a service that will give customers change in the form of a top-up to a prepaid card... More
Six Dutch banks to take Belgium’s Payconiq to the Netherlands
Six Dutch banks including ABN Amro, ASN Bank, ING, Rabobank, Regiobank and SNS have announced their intention to launch Payconiq in the Netherlands this summer. Payconiq is a common mobile payment platform that lets customers make P2P payments as well as pay in-store and online and has been successfully piloted and launched in Belgium with support from ING, KBC and Belfius banks. More
NXP and GCL Technologies offer NFC tamper evident closure solution for wine and spirits brands
PARTNER NEWS: Guala Closures Group, a world leader in security closures, has teamed up with NXP to introduce an NFC-based tamper evident closure solution for the wine and spirits industry that is designed to protect brands, enable advanced anti-counterfeiting and tamper-proofing and enable brand owners to make VIP offers, loyalty rewards and more available to customers through a tap of their NFC mobile device. More
Mastercard tests biometric payments card in South Africa
Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More
Pizza Hut: The Internet of Things is becoming the Internet of Commerce
Rapid innovation in the payments market resulting from the emergence of end-user device adoption and tokenization is leading to commerce experiences that are more seamless in nature and more convenient for the end user — but with such rapid change comes a need for a look in the mirror, says Pizza Hut’s director of digital ventures. More
Mastercard rolls out Messenger payment bots with US retailers
Subway, FreshDirect and The Cheesecake Factory have begun rolling out payment bots for Facebook Messenger across the US, allowing their customers to secure and complete payments using Mastercard’s Masterpass digital payment platform without having to leave the instant messaging service. More
Kiwi millennials want biometrics for payments
Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals... More
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Zelle processed 170m P2P payments in 2016
Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value... More
Meet NFC World partners at Seamless Asia
PARTNER NEWS: Antelop Solutions and Rambus will be exhibiting at the Seamless Asia expo in Singapore from 19 to 20 April... More
PayPal heads in-store with Android Pay and Wells Fargo
Android Pay users across the US will soon be able to make in-store, in-app and online payments using their PayPal account... More
Square to launch physical debit card?
mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode... More
Lloyds to trial biometrics for online banking
Customers of Lloyds Banking Group across the UK will soon be able to log into their online banking accounts using fingerprint or facial recognition through Microsoft’s Windows Hello biometric authentication technology. The banking group is to trial the solution with Lloyds Bank, Halifax and Bank of Scotland customers with Windows 10 devices in the second half of this year. More
Android Pay links to mobile banking apps to simplify setup process
Android Pay has been integrated into the mobile banking apps of “several banks around the world” so that users can add their cards to the mobile payment service with “just the click of a button”. The feature will also work for those who have not installed Android Pay on their handset, giving them access to “the capabilities of Android Pay” without having to leave their mobile banking app. More
LG Pay to get facial recognition technology?
LG plans to add facial recognition technology to its LG Pay mobile payments platform, according to The Investor... More
Visa and American Express to strengthen security for stolen contactless cards
Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud. More