News about Digital wallet.
May 27th, 2015
PayPal is letting its iOS mobile app users log in and access “virtually any part” of their PayPal wallet using Apple’s Touch ID. “When you log in to the latest PayPal app on a Touch ID-enabled iOS device, you’ll be asked if you want to enable Touch ID,” PayPal explains. “After a quick setup, simply use your fingerprint to log in and view your account, send money to friends, or access your digital wallet.”
May 1st, 2015
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives. “Forrester expects that more secure, encrypted and tokenized transactions on digital wallets, mobile device-based NFC virtual cards and EMV contactless payments will prove strong competitors to plastic EMV chip and signature and chip and PIN payments in the US,” the company says.
March 9th, 2015
The Softcard mobile wallet service is to close down altogether at the end of March 2015 in the wake of a deal between Google and the three US carriers that founded the NFC payments venture. “As of 3/31 your Softcard app will no longer work,” the company says. “You can continue to use the Softcard app until 3/31. After that your account will be closed. To keep using a digital wallet app download Google Wallet now.”
February 3rd, 2015
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. “We are very focused on…
January 15th, 2015
CardMobili has added support for Bluetooth beacon-based marketing services to its digital wallet platform. “CardMobili’s solution is beacon-hardware agnostic, enabling it to be deployed in all types of commercial wallet applications,” the company says. “For example, [it can be] fully integrated with an MNO’s existing digital wallet ecosystem as well as within individual partner brands’ wallets.”
January 12th, 2015
The key to mass market adoption of mobile payments will be the creation of a compelling consumer experience that incorporates both payments and value added services, the Future of Mobile Payments session at the International CES 2015, chaired by NFC World’s Sarah Clark, has found.
January 9th, 2015
A US startup is taking pre-orders for a biometrically secured mobile wallet, consisting of a payment app and Bluetooth Low Energy (BLE)-based “bio-sticker” attached to the back of the user’s phone. The system, shown at…
December 8th, 2014
Mobile messaging provider Outspoken has added support for Google Wallet to its digital wallet delivery solution, enabling marketers to distribute offers to a user’s mobile wallet via a text message. “Outspoken’s technology uniquely delivers pass files using SMS and MMS, sending the pass as a text message attachment or in the form of a link,” the company explains. The platform already supports Apple Passbook.
December 5th, 2014
MasterCard’s cloud-based payment service is now available in China, following its initial launch in the US in September 2014. The service makes use of the MasterCard Digital Enablement Service (MDES) tokenization system, the MasterPass digital wallet platform and host card emulation (HCE) technology. The launch will enable Chinese card issuers “to provide additional payment options by simplifying the deployment of NFC technologies and making in-app and online payments easier to set up and complete,” says MasterCard’s Dennis Chang.
December 4th, 2014
Seven in ten (71%) US IT operations, security, and electronic deployment professionals consider NFC to be essential or very important to their organization’s security, a survey by Ponemon Institute for HP Atalla has found, with…
December 3rd, 2014
Diners at Turkish restaurant Olivia’s Pizzeria have become the first in the country to be able to use their BKM Express digital wallet to pay for their meals with their mobile phone. BKM has partnered…
December 2nd, 2014
More than half of UK consumers (54%) say that they often or always use digital wallets to pay for goods online, according to research from online payments service Skrill, and 17% of 18-24 year olds are also paying for goods and services in-store with a mobile device. The company defines a digital wallet as a “payment method that enables people to make online transactions conveniently and securely via their mobile, tablet, laptop or PC.”
November 27th, 2014
Magyar Telekom, a subsidiary of Deutsche Telekom and a member of the Hungarian Mobile Wallet Association, has launched the MobilTarca NFC mobile wallet in Hungary after a successful pilot that began in July last year. The solution incorporates payments, loyalty cards and event ticketing services and will be available on more than 30 NFC devices by the end of 2014.
November 17th, 2014
Google is to “retire” its Google Wallet for digital goods API and has told merchants who currently let customers pay for digital goods via Google Wallet on their websites that they will need to remove API calls to the service by 2 March 2015. Those who exclusively use Google “will need to transition to an alternate solution”, the company says. Support will continue for both in-app payments and apps sold via the Google Play store, Google adds.
November 13th, 2014
Korean internet and messaging giant Daum Kakao has launched BankWalletKakao, a mobile wallet service provided in partnership with 16 Korean banks and Korea Financial Telecommunications and Clearing Institute (KFTC). The service leverages instant messaging technology…
November 3rd, 2014
Turkish card payment system operator BKM has begun testing payments with Google Glass through its BKM Express digital wallet solution. “Existing members will access their digital wallets and pay for goods and services by operating the BKM Express Google Glass application and using simple voice commands,” the company says.
October 27th, 2014
Oil and gas company Total is to begin accepting mobile payments through a partnership with card payment system operator BKM at its petrol stations across Turkey that will let Club Total members make a payment…
October 23rd, 2014
PARTNER NEWS: Payment credential management specialist Bell ID has introduced Tokenization Manager, a software solution that can be used by token requesters such as card issuers to manage payment tokens, by digital wallet providers to…
October 8th, 2014
Zapp, the mobile payments startup formed by UK payments infrastructure operator VocaLink, has announced that major retail chains including Sainsbury’s, Asda, House of Fraser, Thomas Cook, Shop Direct, Spar and Clarks are to use its…
October 2nd, 2014
Subscribers to Chunghwa Telecom with accounts at any of four Taiwanese banks will be able to download a virtual version of their credit card to their SIM card and use it to make NFC payments…