News about Infrastructure.
June 15th, 2015
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”
June 8th, 2015
Dutch banks have laid out plans to facilitate instant payments within four years, with a view to creating a “new payment infrastructure” that would transfer payments within five seconds. “The project will be carried out under the aegis of the Dutch Payments Association, which, together with the banks, will further discuss and work out the vision and roadmap with users in the second half of this year,” De Nederlandsche Bank says.
May 8th, 2015
PARTNER NEWS: Transaction technology provider Carta Worldwide has hired Elizabeth “Buffy” Duke as its vice president of business development. Duke’s 25 year career has included senior positions at MasterCard, C-Sam and Network for Electronic Transfers…
April 22nd, 2015
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards.
February 3rd, 2015
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call. “On our tokenization efforts, we are very actively working with issuers in…
December 8th, 2014
The Bluetooth Special Interest Group (SIG) has adopted version 4.2 of the Bluetooth core specification, introducing security improvements that mean Bluetooth beacons are now unable to engage with smartphones without permission from the user and making it harder for eavesdroppers to track a device via its Bluetooth connection.
October 27th, 2014
The Clearing House (TCH) and its member banks are planning to build a real-time payment system in the US that will enable consumers and businesses to send and receive immediate payments directly from their accounts. “The digital economy moves in real time and our customers expect us to keep pace,” says chairman Richard Davis. “We will work with the industry to build a real-time payment infrastructure, which will enable consumers to pay and get paid securely and conveniently.”
October 24th, 2014
A new open source software project designed to help banks offer tokenized card payments has been launched by HCE specialist SimplyTapp. “We feel the accessibility and control of current offerings are pretty restrictive and there…
September 24th, 2014
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more…
September 5th, 2014
Apple will be getting special rates from five US card issuers on mobile payments made by its device users, according to well-connected payments advisor Tom Noyes, and customers will use a combination of Bluetooth Low Energy (BLE), NFC and Touch ID to make payments in stores. “Apple wanted to launch the payment product with BLE (not NFC) but existing payment networks didn’t want to cause merchant chaos in fragmentation of acceptance infrastructure,” he says.
July 22nd, 2014
UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa…
June 12th, 2014
Enstream, the NFC platform provider set up by Canadian carriers Bell, Rogers and Telus, has selected BlackBerry to provide it with a secure platform that financial institutions will be able to use to provision payment…
June 10th, 2014
Some 70% of US credit cards and 41% of debit cards will be EMV enabled by the end of 2015, according to a new Aite Group report, but the majority will be contact cards rather…
May 30th, 2014
GE Lighting and US startup Bytelight have unveiled a marketing platform that lets merchants use LED lighting installed in and around their stores to send offers, directions to particular products and information services to shoppers,…
May 12th, 2014
Canadian payments and money transfer provider nTrust has begun piloting a new mobile payments service that uses Bluetooth Low Energy (BLE) beacons placed in stores to make wireless purchases. nTrust is using hardware from Estimote…
April 24th, 2014
A total of 4.2bn SIMs were shipped in 2013 by members of the SIMalliance, an organisation that represents suppliers responsible for 86% of the global SIM market, 5% down on 2012. The drop was due…
March 25th, 2014
Payments NZ, the organization responsible for overseeing New Zealand’s payments infrastructure, has published a set of rules and standards for mobile devices ahead of the planned rollout of NFC payments in the country later this year.
March 11th, 2014
The first version of the EMV Payment Tokenization Specification has now been published and is available to download. The document sets the scene for the arrival of MasterCard, Visa, American Express, Discover, JCB and UnionPay…
March 5th, 2014
Russian carrier MTS has selected Novacard, a Russia-based SIM and smart card supplier, as its TSM provider and will launch the new platform at the end of 2014. The Novacard platform to be introduced by…
February 25th, 2014
Turkey’s Garanti bank is to begin issuing NFC microSDs to its customers during the second half of 2014, using hardware and back office technology provided by Gemalto and a microSD payment infrastructure supplied by MasterCard….