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Mobile wallet

News about Mobile wallet.

MCX responds to criticism

October 29th, 2014

“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”

White paper explores the role of TSMs in cross-border NFC payments

October 29th, 2014

A 26-page white paper that explores the role of the trusted service manager (TSM) and whether they can help or hinder the globalisation of NFC services is now available for download in the NFC World+… More

US payments body hits out at Rite Aid and CVS

October 28th, 2014

“The decision by CVS and Rite Aid to block mobile payments services like Apple Pay, Google Wallet and Softcard is anti-consumer and anti-competitive,” says US-based trade body the Electronic Transactions Association (ETA), following the MCX consortium… More

MCX retailers turn off NFC payments

October 27th, 2014

US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay. More

Alipay demos biometrics for in-store payments

October 27th, 2014

Chinese online payments giant Alipay demonstrated Alipay Touch, a fingerprint biometric system for its mobile wallet app, at a conference in Beijing earlier this month. AliPay Touch allows users to make mobile payments through Alipay Wallet by swiping their finger, WSJ reports. The company is also working with startup Megvii to add facial recognition technology to the wallet for account creation and verification.

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

Ecuador’s central bank plans national mobile wallet

October 22nd, 2014

Banco Central del Ecuador is to launch a mobile payments scheme to act as the national mobile wallet in the country, Payments Views reports. “The vision includes building out an ecosystem that includes P2P, top-up, B2B, cash in and cash out, in-store purchases and electronic receipts,” the article explains. “The plan is to link the mobile payment platform with the banking platform so that mobile accounts can receive funds from and send funds to bank accounts.”

Google discusses Wallet plans

October 21st, 2014

Google has talked about its plans with regard to its Google Wallet app and mobile payments, hinting at possible partnerships and insisting that the company is still trying to “get it right.” “I think our goal… More

Beep’nGo hits 5m downloads

October 21st, 2014

Mobeam’s mobile coupon and offer app Beep’nGo has now surpassed five million downloads to compatible Android devices. “Beep’nGo aggregates coupons, loyalty cards and gift cards into one easy-to-use mobile application and, through its patented light technology, it allows all scanners at retail stores, including 1D laser scanners, to read the barcodes directly from the mobile screen without any hardware or software upgrades or manual input,” the company explains.

JPMorgan Chase CEO outlines mobile wallet strategy

October 20th, 2014

JPMorgan Chase plans to make its debit and credit cards available in a wide array of mobile wallets — including one of its own to be launched later this year — even if that means cutting current margins, CEO Jamie Dimon has told analysts during the bank’s third quarter earnings call. More

Amex warns of slow mobile wallet adoption

October 17th, 2014

American Express has warned that mobile wallets are likely to see slow adoption, even for Apple and its customer base. “Mobile wallets have had the potential to change consumer behaviour for some years but it’s unlikely to be an overnight shot,” CFO Jeff Campbell said during the company’s third quarter earnings call. “It will take time even with Apple’s innovative technology and customer base.”

New Zealand banks and carriers to begin Semble NFC wallet rollout in November

October 8th, 2014

TSM NZ, the NFC payments joint venture between New Zealand’s carriers and the Paymark payments network, has announced a new brand name, a November date for its first trials — and a marketing partnership with… More

Apple Pay setup screen spotted

October 8th, 2014

Screenshots of the Apple Pay setup screen within the new Passbook app in the second iOS 8.1 beta have been published on MacRumours. “The setup prompt within Passbook is similar to the setup prompt to add passes,” the publication says, “educating potential users on what the service is before providing a link to where users can input and scan their credit cards for use.”

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

RBC expands cloud-based NFC wallet to BlackBerry and Virgin

October 6th, 2014

Royal Bank of Canada’s cloud-based NFC wallet is now available to Virgin Mobile subscribers and to customers with a BlackBerry Z10 or Z30 mobile phone, the bank has announced. RBC Wallet is also now available… More

Chicago transit users get half price rides when they pay by NFC

October 6th, 2014

Users of Chicago Transit Authority (CTA) transportation services can now get half price journeys when they pay using the Serve prepaid card stored in their Softcard NFC mobile wallet. To take advantage of the offer,… 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

Apple falls out with PayPal over Samsung deal

October 1st, 2014

PayPal was excluded from the list of Apple Pay preferred partners due to a falling out between the two companies, Bank Innovation reports. The reason? PayPal’s decision to work with Samsung, which has its own mobile wallet ambitions, to deliver fingerprint-secured mobile payments on the Galaxy S5.

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

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