News stories featuring Visa:
December 19th, 2014
Royal Bank of Canada (RBC) has added support for host card emulation (HCE) to its RBC mobile app, “allowing Canadians to pay with most Android mobile phones without worrying about being on the right mobile…
December 2nd, 2014
A number of US credit unions are actively working towards adopting Apple Pay NFC payments, credit union technology provider Co-op Financial Services has revealed. The company says it is now a Visa “engaged issuer processor”, making it authorised to service the enrolment of credit unions in the mobile payment offering, and “already has credit unions in the implementation validation process at Visa and MasterCard” with several now in the final stages of testing.
November 26th, 2014
A new service that lets NFC phone users enter their PIN on their mobile device to confirm a high value transaction is making it possible for UK consumers to make contactless payments valued at more…
November 25th, 2014
Ugo, an open NFC mobile wallet developed by Canadian banks President’s Choice Financial and TD Bank Group, is now available to customers of all three major Canadian carriers who own one of a range of…
November 20th, 2014
Almost seven in ten Canadian smartphone owners (68%) are aware of NFC or QR codes and 65% are likely to make NFC or QR payments over the next six months, research by Visa Canada has revealed. “Canada is a world leader in mobile NFC and QR payments,” says Visa’s Derek Colfer. “It is very encouraging to see solid awareness of NFC payments as well as that upwards of 26% of Canadians are beginning to use their mobile device for online ecommerce payments.”
November 18th, 2014
Oberthur Technologies (OT) has teamed up with NFC mPOS services provider Mobeewave for Flying mPOS, a solution that will enable NFC devices equipped with Oberthur’s Pearl embedded secure element to be used as a mobile POS terminal — without the need for a separate dongle or other add-on. “The commercial product will receive all Visa and MasterCard approval,” Mobeewave’s Vincent Alimi has told NFC World+.
November 17th, 2014
Australian carrier Optus has teamed up with Visa and Heritage Bank to launch an NFC mobile payment service that lets customers load up to A$500 into a prepaid account and then make payments at any…
November 14th, 2014
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in…
November 13th, 2014
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range…
November 12th, 2014
NFC-on-microSD pioneer DeviceFidelity has been acquired by Kili Technology, a payments processing solution provider which launched an mPOS “solution-on-a-chip” range last month. DeviceFidelity will now operate as a subsidiary of Kili with founders Deepak Jain…
November 12th, 2014
PARTNER NEWS: Host card emulation (HCE) specialist SimplyTapp has closed a US$6m Series B funding round. The round was led by a new, undisclosed lead investor with both Lightspeed Venture Partners and Blue Sky Capital…
November 4th, 2014
Almost 30% of all card-present transactions conducted globally between July 2013 and June 2014 used the EMV chip card standard, EMVCo has revealed, with the highest usage in Western Europe and the lowest in the…
November 4th, 2014
The full 19-page contract that banks wishing to offer Apple Pay to their cardholders must sign in order to take part has been leaked to Digital Transactions. Among the fees and obligations set out in the contract banks agree to make at least 95% of their network-branded cards available to the wallet, to submit in-depth accounting reports twice a year and to pay a 0.15% commission to Apple. The contract also reveals that fees due to Apple will be collected on the iPhone maker’s behalf by Visa and MasterCard.
November 4th, 2014
The NFC mobile wallet solution developed by mobile network operator Telenor and banking group DNB has launched nationwide across Norway. The first payment card available in the Valyou wallet, which was first detailed at Mobile World Congress 2013, is a Visa Paywave card issued by DNB. Card issuers and banks including SpareBank1, Skandiabanken, Ya Bank, Fana Sparebank and EnterCard will join the Valyou wallet in 2015.
October 31st, 2014
Mobile payments will be a “great driver” for Visa, CEO Charles Scharf has told analysts during the company’s Q4 earnings call, and Apple Pay is just the beginning. “A proliferation of exciting mobile and digital…
October 28th, 2014
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.
October 24th, 2014
Amazon has confirmed to TechCrunch that its Rewards Visa Card, powered by Chase, is to support Apple Pay in the future and the company is already working on making this happen. “While Amazon has confirmed that it is working to bring Apple Pay to its credit card, there is no specific timeframe for that to happen at this point,” the article explains.
October 20th, 2014
JPMorgan Chase plans to make its debit and credit cards available in a wide array of mobile wallets — including one of its own to be launched later this year — even if that means cutting current margins, CEO Jamie Dimon has told analysts during the bank’s third quarter earnings call.
October 17th, 2014
iPhone 6 and 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to use Apple Pay in stores from launch on 20 October, Visa says.
October 6th, 2014
Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available…
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