What's New in Payments

Messaging app Line reports 40m mobile payment users

A Line Pay milestone: 10 million transactions monthly — Line — “Line announced today that Line Pay, a ‘smartphone wallet’ service for the Line platform, has reached 10m global transactions per month as of the end of October 2017. Along with that major milestone, Line Pay has also achieved ¥55bn (approximately US$482m) worth of transactions monthly — or some ¥300bn cumulative from Jan 1 to Nov 2, 2017… Line Pay has also reached 40 million global registered users.”


New protocol alerts users to encryption breaches

Computer scientists address gap in messaging privacy — University of Birmingham — “With current end-to-end encryption, if an attacker compromises a recipient’s device, they can then put themselves in a position to intercept, read and alter all future communications without sender or recipient ever knowing. The new protocol, published in IEEE Transactions on Information Forensics and Security, forces attackers to leave evidence of any such activity and alerts users to take action.”





Revolution Money founder raises funds for location-based marketing venture

Hangit's Jason Hogg

Jason Hogg, founder and former CEO of Revolution Money and a co-inventor of the technology behind American Express’ Serve and Bluebird services, has raised US$6.2m for Hangit, a location-based messaging platform that, he told NFC World+, aims to give small merchants “the same skills and capabilities a large retailer would have with their marketing platforms.”... More




Hillshire sells more sausages with BLE beacons

Hillshire Brands

A national in-store mobile marketing campaign that used Bluetooth Low Energy (BLE) beacons and geofencing technology to drive sales and awareness of American Craft Link Sausages has seen a 20-fold increase in purchase intent by those exposed to messaging, a 36% increase in brand awareness and a lift in overall sales, owner Hillshire Brands has revealed... More