Monday 30 November 2015 | RSS



    News stories featuring Visa:

    Swatch partners with Visa to roll out NFC payment watch in US and Switzerland

    November 26th, 2015

    Luxury watchmaker Swatch has signed a contract with Visa to roll out its Bellamy NFC payment watch following its debut in China in October 2015. “[Swatch CEO] Nick Hayek confirmed that a contract was signed with Visa he gave no further details,” Le Temps reports. The newspaper says that the brand is preparing to launch Bellamy in countries including the US and Switzerland in early 2016.

    Diners Club launches mobile payments in Ecuador

    November 26th, 2015

    Credit card issuer Diners Club of Ecuador has launched PayClub, a service that lets consumers make mobile payments with any Diners or Visa Interdin branded card. To use the service, consumers select “manage card” on their mobile device and press the “generate code” option on the card they wish to use, Diners Club says. They are then “presented with a screen with a code for single use shopping, which you must deliver at the time of purchase”.

    United Overseas Bank offers HCE mobile payments in Singapore

    November 24th, 2015

    Customers of United Overseas Bank (UOB) in Singapore can now make host card emulation (HCE) based mobile payments for transactions of any value at all Visa PayWave or MasterPass terminals. The new service also makes use of tokenization. More

    Coinbase ships Bitcoin debit card

    November 23rd, 2015

    Bitcoin wallet Coinbase and Shift Payments have introduced a US-issued Bitcoin-backed debit card that will allow Coinbase users in 24 states to make payments using the virtual currency both online and in-store. “With the Shift Card, you can now spend Bitcoin anywhere in the world where Visa is accepted,” Coinbase says. “When you use your Shift debit card to make a purchase, the equivalent value of bitcoin, based on the current spot price of bitcoin on Coinbase, will be debited from your Coinbase bitcoin wallet.”

    Visa certifies Kona’s HCE wallet

    November 19th, 2015

    PARTNER NEWS: South Korea-based mobile payments specialist Kona has picked up Visa Ready certification for the host card emulation (HCE) mobile wallet component of its Kona Payment platform. To obtain VCPS 1.5 compliance “Kona had to go through a number of rigorous functionality reviews,” says the company. “Operating system versions used for testing included Android 5.0, 5.0.1, 5.1 and 5.1.1.”

    India’s Oxigen Wallet to add virtual prepaid cards?

    November 18th, 2015

    Indian mobile wallet provider Oxigen Wallet is in talks with Visa, MasterCard and RuPay over launching virtual prepaid cards in the country, Economic Times reports. “Today, a wallet is accepted at a merchant’s platform only if the merchant has agreed to accept it,” chief executive Ankur Saxena said. “This (virtual prepaid card) allows us the freedom to have the wallet accepted anywhere a Visa, MasterCard and RuPay gets accepted. We don’t want our wallet to be limited to X number of merchants; we want it to be used everywhere.”

    SBI to launch feature phone wallet

    November 16th, 2015

    State Bank of India (SBI) is to launch Batua, a mobile wallet service that works on feature phones, The Economic Times reports. “The bank is also planning to launch another version of Batua for very basic phones which does not offer internet access and does not entail downloading any app.” SBI is one of six banks currently testing a mobile payments service developed by Visa in Bangalore.

    Worldpay employees trial finger vein biometrics for payments in stores

    November 11th, 2015

    Employees of UK-based payment processor Worldpay are taking part in a three week proof-of-concept trial to evaluate the use of finger vein technology (FVT) to authenticate payments at the point-of-sale without the need for a card. More

    Visa to acquire Visa Europe

    November 3rd, 2015

    Visa has confirmed it is to acquire Visa Europe for an upfront consideration of €16.5bn with a potential additional earn-out of up to €4.7bn. “The transaction is subject to regulatory approvals and is expected to close in Visa Inc’s fiscal third quarter of 2016,” Visa says.

    Taiwanese banks to roll out hybrid HCE payments platform

    October 26th, 2015

    Taiwan Mobile Payments Co (TWMP), the mobile payments TSM venture established in 2014 by three Taiwanese banking groups, has signed a deal with Mozido to provide its 27 member banks and financial institutions with a… More

    MobiPay launches in the Ukraine

    October 22nd, 2015

    Customers in the Ukraine can now use their mobile phones to make in-store and online purchases and P2P transfers using the MobiPay mobile wallet. “The seller must provide the customer with a QR code for payment on the cash register’s monitor, POS terminal or print it in a cheque,” the company says. “The customer pays for the goods by simply reading the QR code using MobiPay and the connected Visa or MasterCard payment card.”

    Capital One adds NFC mobile payments to wallet app

    October 15th, 2015

    Capital One has become the first US bank to enable NFC payment capability within its own mobile app to allow customers to pay at any contactless terminal using their mobile device. The service makes use… More

    ICICI Bank launches mVisa mobile payments

    October 9th, 2015

    ICICI Bank has become the first Indian bank to launch a mobile payment service based on Visa’s mVisa solution, which was unveiled in August 2015. “With this service, users of Pockets can make cashless payment from their smartphones using their debit card by simply scanning an mVisa QR code at a merchant location,” the bank says.

    Chevron to offer NFC mobile payments at the pump

    October 6th, 2015

    Oil and gas company Chevron has teamed up with Visa to offer mobile payments at the pump at 20 locations in San Francisco and Silicon Valley from “later this fall”. The service will be compatible… More

    Clear2Pay adds certified testing solutions for US move to EMV

    October 2nd, 2015

    PARTNER NEWS: Conformance testing specialist Clear2Pay Open Test Solutions has received certification from major payment networks for a suite of solutions and services that are designed to make it easier for US merchants, VARs and payment… More

    60% of US cards to support EMV by year end

    October 1st, 2015

    Six in ten US payment cards (60%) will include an EMV chip by the end of 2015, research from the Payment Security Task Force shows, and that number will grow to 98% by the end of 2017. Task Force members include Bank of America, Capital One, Chase, Citi, Discover, First Data, MasterCard, Visa, US Bank and Wells Fargo.

    Bell ID gets HCE certification from global payment schemes

    September 30th, 2015

    PARTNER NEWS: Mobile payments specialist Bell ID’s host card emulation (HCE) solution has been certified by three of the largest global payment schemes, the company has announced, making it the first vendor to receive approval… More

    Rio Olympics to get NFC wristbands?

    September 29th, 2015

    Visa has shown off a proof of concept NFC wristband in San Francisco, demonstrating how it could be used for making payments at the Rio 2016 Olympics next year. “Olympic hopefuls attending the Team Visa Summit learned to use new payment technologies that are expected to be implemented at the Rio 2016 Olympic Games including Visa Checkout and Samsung Pay,” Visa says. “We can’t yet confirm what kind of wearable payment devices we may have in Rio,” the company told NFC World.

    Samsung Pay goes live in the US

    September 28th, 2015

    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. It launches with support from American Express, Bank of America, Citi, US Bank, MasterCard and Visa, with mobile network operators Sprint, US Cellular, AT&T and T-Mobile on board. Verizon Wireless has yet to announce its support.

    Grupo Aval introduces in-store mobile payments and offers in Colombia

    September 23rd, 2015

    Grupo Aval, Colombia’s largest financial services group, has launched a mobile payment and offers service that lets customers of its Av Villas, Banco de Bogotá, Banco de Occidente and Banco Popular banks make in-store payments… More

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