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Mobile wallet

News about Mobile wallet.

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

US bank tests NFC Wave add-on

September 24th, 2014

“One of the largest financial institutions in North America” is conducting an NFC mobile payments pilot that uses the Wave NFC device developed by On Track Innovations (OTI) in combination with provisioning and mobile wallet technology provided by ABnote. Wave is certified by both Visa and MasterCard and has also been selected by Hong Kong’s Joint Electronic Teller Services (Jetco) for an NFC payments service it is to offer consumers via its 30 member banks.

Macy’s unveils mobile payments and customer marketing plans

September 17th, 2014

Macy’s Inc, owner of the Macy’s and Bloomingdale’s department store chains, has unveiled plans to implement a range of new technologies designed to provide an omnichannel shopping service to its customers. The plans include Bluetooth… More

Subway to accept mobile payments in 26,000 US locations

September 17th, 2014

Subway restaurants across the US are to begin accepting NFC mobile payments on 1 October, using new POS terminals that carry branding from mobile network operator-owned commerce venture Softcard. The terminals will enable the 26,000… More

No Apple Pay for Walmart, Best Buy

September 16th, 2014

Owners of Apple’s new NFC-enabled smartwatch and iPhones will not be able to make Apple Pay mobile payments in either Walmart or Best Buy, the Wall Street Journal reports. The US retail giants are both members of merchant-led mobile wallet venture MCX which will launch its rival CurrentC wallet next year.

Weve drops wallet plans?

September 16th, 2014

UK carrier owned mobile commerce venture Weve has cancelled its planned mobile wallet service in the wake of the Apple Pay launch, The Telegraph reports. “A source at one mobile operator said Apple’s move meant it would have to write off gaining a share of payments from iPhone users, who represent about a third of the UK smartphone market,” the article says. Weve’s US equivalent, carrier joint venture Softcard, is continuing with its plans, however, and hopes to be available on NFC-enabled iPhones in 2015.

No support for carriers’ NFC SIMs in Apple devices?

September 10th, 2014

Softcard, the US carrier-backed NFC venture formerly known as Isis, won’t have access to the NFC support in the new iPhone 6, iPhone 6 Plus and Apple Watch until 2015, a blog post by CEO… More

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