PARTNER NEWS: Saudi Arabia’s Riyad Bank is migrating its entire portfolio to digital security giant Gemalto’s Clarista Contactless EMV card — powered by the industry-standard Multos operating system — making it the country’s first contactless payment method. More
A teardown conducted by iFixit shows that Apple has included NXP’s 66V10 controller in the new iPhone 6s models — a different chip to the 65V10 module included in the iPhone 6... More
PayPal is to introduce its PayPal Here contactless card reader in the US on September 30, following its launch in the UK in August 2015... More
Chinese e-commerce giant Alibaba and its affiliate Ant Financial are to make a “strategic investment” believed to be worth some US$680m in Indian mobile payment platform Paytm through an agreement with its parent company One97 Communications. More
Restaurant payment app Velocity has acquired mobile payments solution Cover for an undisclosed sum... More
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Samsung Pay has launched in the US today after going live in Korea in August 2015, where it racked up a total 1.5m transactions in its first month... More
Just one in four cybersecurity experts (23%) believe that mobile payments are secure and can keep personal information safe, the 2015 Mobile Payment Security Study from IT professional association ISACA has found... More
Indian payment services provider Citrus Pay has announced a partnership with gift card solutions provider Qwikcilver to enable its 17m users to make in-store mobile payments using a gift card or voucher generated in Qwikcilver’s Woohoo mobile gifting app. More
T-Mobile has reportedly begun pushing software updates to Samsung Pay supporting devices ahead of the mobile payment service’s launch in the US, expected today... More
Shenzhen-based wearable device maker FiiSmart has launched a campaign on ecommerce giant Alibaba’s Taobao Crowdfunding website for a smartwatch that will support Ant Financial’s mobile payment platform Alipay and allow its wearers to make payments by generating a QR-code that can then be scanned at the point-of-sale. More
Cashless vending machine technology provider USA Technologies has now equipped approximately 300,000 locations across the US to accept Apple Pay and Android Pay, the company has revealed — up 100,000 on the 200,000 units it reported in February 2015... More
More than three quarters of Android users (78%) would use a service similar to Apple Pay if it became available to them, a survey conducted by Helixion has found. More
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Mobile POS provider Square will begin shipping its EMV and contactless chip card reader in December 2015... More
Warsaw-based start-up uBirds has launched a Kickstarter campaign to raise funds for a leather strap that can be fitted onto any standard watch to add a range of smartwatch-like capabilities. The Unique strap includes a programmable NFC tag and Bluetooth Low Energy (BLE) technology that is used to link the watch to a user’s smartphone device. More
Samsung Pay has updated its app for Android devices for those currently using the service in a beta test in the US... More
Chinese customers of fast food chain McDonald’s will soon be able to use Ant Financial’s Alipay QR code mobile payment platform to pay for their food and drink in more than 2,100 restaurants. More
Regulators are looking more closely at whether technology companies that provide financial services should be supervised more heavily, according to HSBC chairman Douglas Flint... More
More than US$30m has been spent through Samsung Pay since the mobile payment service’s launch in Korea one month ago, Samsung has revealed. In total, more than 1.5m transactions were conducted, of which 60% took place using a Galaxy Note 5 device. More
Four in ten UK consumers with an Apple Pay compatible device (40%) have used the mobile payment service to pay for goods or services since its launch in July 2015 and 15% feel that the introduction of Apple Pay will increase the amount of contactless payments they make, eDigitalResearch has found. More
Some 20,000 online retailers in the UK that use Verifone’s Payware Ocius m-commerce gateway will now be able to accept online payments through Barclays’ mobile payments app Pingit... More