31 news stories.
• Should Worldpay be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Worldpay be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Merchants in the USA including fashion retailers Vince, Burton, G-Star and Scotch & Soda have begun enabling staff to accept in-store contactless payments on iPhones using Apple’s Tap to Pay software point of sale (sPOS) feature... More
The Commonwealth Bank of Australia (CBA) has seen the number of monthly digital wallet transactions increase by 90% from 36m in March 2020 to 68m in March this year, with the total value more than doubling from A$2.1bn (US$1.6bn) to A$1bn (US$0.8bn) in the same period... More
Contactless in-store payments made with a mobile wallet worldwide exceeded in-store cash payments for the first time during 2020, new research reveals... More
Digital wallets will be used to pay for ecommerce transactions valued at more than US$3tn a year by 2023, a new study has found... More
Contactless payments usage has grown 30% in the UK over the past year to become the most popular card payment type for in-store transactions, Worldpay reports — and the growth is partly driven by an “astonishing” rise in consumer adoption of mobile payment services... More
Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”
Worldpay and Mastercard to enter new global partnership focused on innovating payments — Worldpay — “Under the partnership, Worldpay will offer the ‘Pay by Bank’ app — a new way to pay — to merchants in the UK starting in early 2019. Created by Mastercard’s Vocalink business, the ‘Pay by Bank’ app enables customers of UK businesses to make online payments for goods and services via their banking app, and directly from their bank account.”
Worldpay tests dynamic CVV cards in anticipation of broader availability — Digital Transactions — “Worldpay is testing the Motion Code-enabled credit and debit cards with two undisclosed credit unions and a bank before broader availability, expected later this year. The hope is to make online shopping more secure… A dynamic CVV means a criminal may obtain the card number, but will be unable to verify the CVV because it will have changed.”
Tipping point for ‘tap and go’ as mobile payments top £975 million — Worldpay — “The number of in-store contactless transactions made via a mobile device totalled 126m last year, with the amount spent topping £975m (US$1.3bn). This marks a 328% year-on-year rise in in-store mobile spending… Accounting for 59% of all in-store mobile transactions, the supermarket sector has been an important driver in the uptake of digital wallets such as Apple Pay, Google Pay and Samsung Pay, as time-poor shoppers grab groceries on the go. Pubs, bars and restaurants make up a further 12.5% of the total spend.”
Shoppers give thumbs up to in-store biometrics — Worldpay — “Just under two thirds (63%) of consumers want to be able to use a biometric scan to authorise payments in-store. When it comes to using our body parts to pay, 69% of consumers say they’d be open to using a finger. But respondents are also beginning to come around to the idea of using their face (24%), iris (33%), and voice (18%) to identify themselves at the point of sale.”
British supermarket offers ‘finger vein’ payment in worldwide first — The Telegraph — “It works by using infrared to scan people’s finger veins and then links this unique biometric map to their bank cards. Customers’ bank details are then stored with payment provider Worldpay, in the same way you can store your card details when shopping online. Shoppers can then turn up to the supermarket with nothing on them but their own hands and use it to make payments in just three seconds.”
British consumers used their mobile phones to spend more than £370m (US$477m) in stores equipped with contactless payments terminals during the first half of 2017, an increase of 336% on the amount spent during the first half of 2016, transaction data analysis conducted by payments processor Worldpay has found... More
Android Pay has begun rolling out across Canada with support for eligible Visa and Mastercard credit cards from BMO Bank of Montreal, CIBC, Banque Nationale, Scotiabank, Desjardins, President’s Choice Financial, ATB Financial and Canadian Tire Financial Services as well as prepaid Scotiabank and Desjardins cards... More
Google has unveiled a new payment API that will allow customers to make payments through third party mobile apps, websites and the company’s voice-based Google Assistant using “any credit or debit card stored in their Google account” from across a range of services including Android Pay, Google Play and Google Chrome. The API will also let customers use a stored card to complete transactions via a new peer-to-peer (P2P) payments feature that will be added to the digital assistant. More
British consumers made contactless transactions to the value of £25bn (US$30.6bn) last year, up from £7.75bn (US$9.48bn) in 2015, The UK Cards Association reports... More
The number of mobile transactions as a percentage of all in-store transactions has grown by 247% in the UK over the last year, analysis of transaction data and a consumer survey conducted by payments processor Worldpay has found. Workers paying for lunch on the go and payments for drinks in bars are the main drivers of the increase in transaction volume. More
Android Pay has begun rolling out across Poland, allowing consumers with compatible devices to make payments at more than 400,000 retail locations in the country that accept contactless payments... More
UK consumers can make a donation to The Royal British Legion’s Poppy Appeal by tapping their contactless card or NFC device against contactless donation tins in 13 branches of UK bank Natwest... More
Contact centre solutions provider Eckoh has performed the world’s first Apple Pay payment via a telephone call... More
More than two thirds of the UK’s 16-34 year olds (67%) have used their mobile phone to make an in-store payment, research released by Worldpay reveals. More