Korean banks are lining up to support Samsung Pay, including Shinhan Bank, KB Kookmin Bank, NH Nonghyup Bank and Industrial Bank of Korea, Korea Joongang Daily reports. “Currently, Samsung Pay only works with Woori Bank, but the exclusive contract between the two will expire next month, and now, more institutions are seeking to link up with Samsung Pay,” the publication says... 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
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Nets and Carta bring tokenized mobile payments to Nordic and Baltic banks
PARTNER NEWS: More than 200 banks across northern Europe are now able to deploy token-based secure mobile payments services to their customers via a partnership between digital payments services provider Nets and Carta Worldwide. More
Payfriendz launches P2P messaging app in the UK
UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz... More
PayPal adds buy buttons
PayPal has unveiled a new platform that enables merchants and partners to embed buy buttons in emails, social shares, blogs, articles, ads and apps through a set of APIs... More
LG delays launch of LG Pay
LG is to postpone the launch of its LG Pay mobile payments service to the second quarter of this year, the company has told Korea Times... More
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SIMalliance updates OMAPI secure element specification
SIMalliance has updated its Open Mobile API (OMAPI) specification, which sets out how mobile applications may access different secure elements on a mobile device and is mandated by EMVCo for mobile contactless payments... More
Visa claims 10% stake in Square trading shares
Visa has revealed it has a 9.99% stake of Class A shares in mobile POS provider Square... More
US banks get on board for mobile at the ATM
Millions of dollars in withdrawals and “hundreds of thousands” of transactions have now been made via Cardless Cash, the ATM functionality launched by banking and payment technologies provider FIS in January 2015 to let customers withdraw cash using their smartphone... More
G&D gets Amex accreditation for HCE payments solution
PARTNER NEWS: Giesecke & Devrient (G&D) has received Amex Enabled accreditation for Convego CloudPay, a host card emulation (HCE) based solution that lets a bank’s customers use their mobile banking app to load payment card credentials onto their smartphone and make contactless payments. More
Apple Pay awareness, adoption and usage drops in the US
One fifth of iPhone 6 owners in the US (20%) have used Apple Pay at least once, research from First Annapolis Consulting reveals, down from 22% in spring last year. 15% say they use it regularly — more than once per month — down from 19% in the 2015 survey. More
PayPal partners with Vodafone for NFC payments in Europe
Vodafone Wallet users in Europe will soon be able to make NFC mobile payments at stores, restaurants and other retail locations using their PayPal accounts. The agreement between the online payments provider and Vodafone marks the first time PayPal users will be able to make NFC payments at the point of sale for goods and services. More
Samsung Pay to make UK and Spain debut “very soon”
Samsung Pay will launch in the UK and Spain “very soon”, the head of Samsung Pay Europe has announced during the phone-maker’s European Forum 2016 event in Monaco... More
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Axis Bank customers to get NFC wearables
India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments... More
Payleven raises $10m for mPOS growth
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m... More
GSMA publishes IoT security guidelines
The GSMA has published a set of security guidelines for service providers developing new Internet of Things (IoT) products and services... More
Security update fixes Apple Pay flaw
Apple has released a security update that fixes more than 100 iOS bugs, including a vulnerability in Apple Pay that allowed third parties to see sensitive information as a payment was made... More
Ireland looks to NFC payments for public transport
Commuters on Dublin Bus and Iarnród Éireann rail services may soon be able to pay for transport with a tap of an NFC device under plans put forward by public transport operator CIÉ... More
Android users to get app-free beacon messages
Google has begun supporting the physical web in its Chrome browser for Android, enabling users to discover web content relevant to their surroundings via Eddystone Bluetooth Low Energy (BLE) beacons — without needing to download a specific app. More
Mobeam update brings loyalty to POS scanners
Mobeam has updated its mobile coupon and offer app Beep’nGo to let customers use retail loyalty cards, gift cards and barcode coupons on their smartphone at checkout scanners for the first time... More
Apple Pay glitch prevents users adding Visa cards
Apple has now resolved a service outage that meant users were unable to add credit cards and debit cards to Apple Pay for almost seven hours today... More