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Digital wallet

News about Digital wallet.

MasterCard moves towards MasterPass tokenization

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… More

CardMobili adds beacons to mobile wallet

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.”

The future of mobile payments at CES: Video now available

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. More

HyprKey unveils biometric mobile wallet add-on

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… More

Outspoken texts offers to wallets

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.

MasterCard takes HCE to China

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.

Payments security survey finds NFC and HCE are now top priorities

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… More

BKM and Mekanist let Turkish diners pay by beacon

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… More

Half of UK consumers use digital wallets

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.”

Magyar Telekom launches NFC in Hungary

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.

Google exits digital goods payments

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.

Korean banks partner with messaging giant for mobile banking service

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… More

BKM adds Google Glass payment

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.

Total and BKM Express launch in-car mobile payments

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… More

Bell ID offers tokenization management software

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… More

Major UK merchants sign up for Zapp mobile payments

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… More

Chunghwa Telecom goes live with NFC payments in Taiwan

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… More

Transcript: eBay CEO John Donahoe discusses the future of PayPal as an independent company

September 30th, 2014

“We want PayPal to be present whenever and wherever consumers want to pay so if that means being in other wallets, if that means being in any existing or other new ecosystems where payment occurs, our desire is to be a payments platform that can enable payments in any of those environments,” says eBay’s CEO. More

Transcript: Apple CEO Tim Cook and SVP Eddy Cue introduce Apple Pay mobile payments and NFC

September 9th, 2014

“It’s all about the wallet,” Apple CEO Tim Cook explained during the unveiling of Apple Pay mobile payments and the iPhone 6, iPhone 6 Plus and Apple Watch with NFC on 9 September. “Our vision… More

NFC Business Models report available for free download

September 5th, 2014

NFC Business Models, NFC World’s landmark 2011 research report on strategies for monetising NFC, is now available as a free download in the NFC World+ Knowledge Centre. “This 170-page report continues to provide many lessons that can be applied to advantage by businesses introducing mobile payments and digital wallet services today — and provides unique insight into how and why it has taken so much longer than expected for mobile payments to take off,” says author Sarah Clark.

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