Connected device maker Coin has released a new version of its electronic magnetic stripe card that is EMV-ready and incorporates NFC, allowing users to store credit and debit cards and make both contactless and swipe payment transactions for in-store purchases... More
Magnetic stripe
PayPal launches contactless reader in UK
PayPal has launched the new version of its PayPal Here card reader, equipped with contactless, in the UK following its unveiling in March... More
Square buys mPOS developer Kili
Square has bought Kili Technology, the Canada-based mPOS startup that acquired NFC-on-microSD pioneer DeviceFidelity in November 2014... More
MasterCard discusses how Samsung Pay works
Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals, MasterCard’s Matt Barr has told NFC World... More
Samsung unveils Galaxy S6 with NFC and LoopPay mobile payments
Owners of Samsung’s new Galaxy S6 flagship phone will be able to make mobile payments at merchants equipped with both legacy magnetic stripe card terminals and those with contactless POS terminals, Samsung boss JK Shin has revealed... More
Samsung confirms mobile wallet ambitions with LoopPay deal
Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals... More
USA Technologies reveals secret of success for Apple Pay branding
“Certification work” with Apple was all that was needed to add 200,000 vending and other self-service machines supplied over the last five years to the list of Apple Pay acceptance points, USA Technologies (USAT) has told NFC World+... More
Dynamic mag stripe card Swyp goes on pre-order
Start-up Qvivr has begun taking pre-orders for Swyp, a US$49 dynamic magnetic stripe card that uses Bluetooth LE, incorporates buttons and a display and works in conjunction with a smartphone app to emulate up to 25 credit, debit, gift or loyalty cards... More
Samsung Pay to launch at MWC?
Samsung Pay, “a payment feature which works with magnetic and NFC terminals” will ship with the Korean phone maker’s forthcoming Galaxy S6 mobile phone, BGR reports, citing a “trusted source”... More
Pey equips merchants with Bitcoin POS terminals that support iBeacon, QR and NFC
Fifty merchants in the German city of Hannover have signed up to accept Bitcoin payments using a terminal supplied by startup Pey, that uses a combination of iBeacon, QR code and NFC technology. More
Verifone and Samsung to offer Android mPOS
Verifone and Samsung have announced a global partnership to deliver Android-based mobile point of sale (mPOS) solutions to multi-lane and enterprise retailers... More
LoopPay signs up OEMs to embed contactless tech into more products
Mobile payments startup LoopPay has announced deals with XPal Power and Trident Case to embed its Magnetic Secure Transmission (MST) mag stripe emulation technology into a broad range of products including smartphones, wearables, cases and accessories, with “many other partners in the pipeline.”... More
Samsung in talks with LoopPay?
Samsung is in talks with mobile payments startup LoopPay with a view to launching a mobile payments system to rival Apple Pay in the US in 2015, “multiple sources” have told Re/code... More
Visa CEO: We may not charge a fee for tokenization
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 the future, CEO Charles Scharf has revealed at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference... More
Chase and Vantiv to offer Poynt POS
Chase Paymentech and Vantiv, two of the largest payment processors in the US, have signed up to distribute the former head of Google Wallet’s new Poynt POS terminal to their merchant bases... More
Bedier unveils Poynt POS
The former head of Google Wallet has unveiled a payment terminal supporting mag stripe, EMV, NFC, QR codes and beacon technology with no add-ons or dongles needed... More
Kili puts mPOS in a chip
Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015... More
Square unveils EMV card reader
Mobile POS provider Square is to introduce a new card reader that can be used to process both EMV chip card and magnetic stripe card payments... More
Synchrony invests in LoopPay
Synchrony Financial, formerly GE Capital Retail Finance, has made “a strategic investment” in LoopPay, developer of a mobile phone add-on that lets US consumers make payments at merchants equipped with magnetic stripe card terminals... More
Aite reports on US migration to EMV
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 than dual interface cards that also support contactless payments... More