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Mobile wallet

News about Mobile wallet.

ANZ to add HCE payments to mobile banking app

March 26th, 2015

ANZ Bank New Zealand is to add NFC mobile payments to its popular goMoney mobile banking app later this year. The goMoney Wallet feature will be available to 120,000 customers with Android NFC phones and uses host card emulation, “removing the need for a SIM card upgrade”. Rival banks ASB and BNZ are piloting SIM-based NFC payments with Semble, a joint venture between New Zealand’s carriers and the country’s Paymark payments network.

PayPal explains why it’s buying mobile wallet provider Paydiant

March 20th, 2015

“What Paydiant has is a clarity of focus on mobile and how large merchants need to utilise mobile to connect with their customers — they’re a small company doing that very successfully with some really… More

Softcard to close down on 31 March

March 9th, 2015

The Softcard mobile wallet service is to close down altogether at the end of March 2015 in the wake of a deal between Google and the three US carriers that founded the NFC payments venture. “As of 3/31 your Softcard app will no longer work,” the company says. “You can continue to use the Softcard app until 3/31. After that your account will be closed. To keep using a digital wallet app download Google Wallet now.”

PayPal to buy MCX supplier Paydiant

March 2nd, 2015

Paypal is to acquire Paydiant, a white label mobile payments specialist and developer of a platform that allows retailers to incorporate payment, loyalty and offers functionality into their own apps. Paydiant also provides the mobile… More

Google ‘to release Android Pay API in May’

February 26th, 2015

Google is working on an Android Pay API that will be “built from the ground up” for Android developers and makes use of host card emulation, “a source close to the matter” has told Ars… More

Chase discusses Apple Pay and its own mobile wallet plans

February 26th, 2015

More than a million JPMorgan Chase cards have now been activated for use on Apple Pay since the mobile payment service launched last year, the bank has revealed, and 69% of the activated cards are credit cards…. More

Neiman Marcus rolls out QR payments

February 26th, 2015

Luxury fashion retailer Neiman Marcus has launched a mobile wallet in partnership with Capital One to let its customers make in-store payments using their mobile phone and a preloaded credit card. “Customers can simply open the NM Mobile Wallet and generate a QR code with a click of a button,” the retailer says. “All Neiman Marcus Group stores, including Neiman Marcus, Bergdorf Goodman and Last Call, are equipped with the technology to use the NM Mobile Wallet for in-store purchases.”

Berg Insight reports on NFC POS terminal growth

February 24th, 2015

An estimated 9.5m NFC-ready point-of-sale (POS) terminals were shipped worldwide in 2014, research from Berg Insight has revealed, and the company forecasts that the global installed base of NFC-ready POS terminals will grow at a… More

Samsung confirms mobile wallet ambitions with LoopPay deal

February 19th, 2015

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. LoopPay’s technology is expected to form part… More

Rabobank launches embedded NFC payments service

February 16th, 2015

Customers of Dutch financial institution Rabobank with a Samsung Galaxy S4 or Galaxy Note 3 can now use a mobile wallet app that works with the secure element embedded in their mobile device to make… More

USA Technologies reveals secret of success for Apple Pay branding

February 11th, 2015

“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… More

BBVA joins Apple Pay

February 11th, 2015

BBVA Compass cardholders in the US can now add their cards to Apple Pay as the bank has become the latest to join more than 60 banks in supporting the mobile payments service. “Users will continue to receive all of the rewards and benefits offered by their BBVA Compass credit and debit cards,” the bank says.

DCR wins award for HCE prepaid payments service

February 6th, 2015

PARTNER NEWS: DCR’s truTap Mobile Wallet, powered by Carta Worldwide’s host card emulation (HCE) technology, has been named the “Gotta-Have Mobile App” in Paybefore’s annual awards for excellence in the worldwide prepaid, mobile and emerging… More

NXP CEO: China will be next major NFC payments market

February 6th, 2015

Chip maker NXP will focus on the “significant” Chinese market for mobile wallets, the firm’s CEO has said, as the company revealed a 40% increase in sales for its emerging ID business in a fourth… More

Du backs Beam QR wallet

February 5th, 2015

Mobile network operator Du has formed a partnership with mobile payment service Beam Wallet and Majid Al Futtaim Ventures to promote Beam’s QR code solution to retailers and petrol stations across Dubai. The aim is to gain adoption in 5,000 locations by the end of this year. “Beam Wallet is currently used by more than 100,000 users and available in 1,200 retail and dining outlets,” Gulf News reports.

One in three Millennials to use a mobile wallet in 2015

February 3rd, 2015

5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994. 21% of respondents said they currently use an alternative payment service like Venmo or PayPal and 39% expect to use one in the next year.

Norwegian carriers pick Amdocs for mobile payments

January 30th, 2015

Strex, the mobile payments joint venture between Norwegian carriers Telenor, TeliaSonera and Tele2, has selected software and services provider Amdocs’ Mobile Financial Services solution to “consolidate the operators’ multiple SMS-based payment systems into one” mobile wallet. Strex will now be able to offer users a single solution to pay for digital and physical goods or services, send money and pay bills using “either SMS, web, USSD or via a mobile app,” Amdocs says.

Cachet adds prepaid cards to Apple Pay

January 28th, 2015

Prepaid card issuers using Cachet Financial Solutions’ Select Mobile Money white label platform can now offer their customers a way to charge Apple Pay transactions to their prepaid account balance, the company has announced. “iPhone… More

Amazon shuts mobile wallet

January 21st, 2015

Amazon is contacting users of its Amazon Wallet service to inform them that the service, launched in beta in July 2014, is closing down on 21 January, CNET reports. “Amazon did not address whether or when Amazon Wallet would return,” CNET says.

7-Eleven HK adds mobile payment and rewards

January 20th, 2015

Convenience store chain 7-Eleven has launched 7-Fans, a QR code-based mobile payment and loyalty app that rewards customers with one point for every HK$5 spent using the service at any of more than 900 stores across Hong Kong. The accumulated points can then be redeemed for in-store rewards while users can load cash into their 7-Fans e-wallet at any participating 7-Eleven store.

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