News about PIN.
November 30th, 2015
Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform.
November 24th, 2015
Customers of United Overseas Bank (UOB) in Singapore can now make host card emulation (HCE) based mobile payments for transactions of any value at all Visa PayWave or MasterPass terminals. The new service also makes use of tokenization.
November 23rd, 2015
UK consumers may soon be able to authenticate online and mobile transactions using a PIN-based solution from myPINpad following trials with UK payments infrastructure operator VocaLink. “Collaborative discussions have already been initiated with a number of the UK’s leading banks, acquirers and issuers, merchants and PSPs, focused on a number of authentication use cases,” myPINpad says.
November 18th, 2015
Nearly nine in ten UK consumers (85%) would like to be notified on their mobile of high value transactions and authorise the payment with a PIN code, research from myPINpad shows. 90% of frequent online shoppers also say that they would use a PIN to authorise payment via their mobile. “69% of respondents feel secure shopping in-store thanks to chip & PIN,” the company says.
November 16th, 2015
Barclaycard customers will be able to use the host card emulation (HCE) function being added to the bank’s app to have lost or stolen plastic cards instantly re-issued to their mobile devices so they can…
October 21st, 2015
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning…
October 12th, 2015
ATM manufacturer Wincor Nixdorf is launching an ATM that will allow customers to withdraw cash using an NFC smartphone or contactless card, or by scanning a QR code. “Smartphone users can initiate cash withdrawals via an app that features the branding of the bank they use,” the company says. “When cash is withdrawn using an NFC card, bank customers enter their PINs using a special encrypting touch sensor.”
October 5th, 2015
Fans of basketball team Miami Heat will now be able to make purchases at concession stands across the AmericanAirlines Arena by having a QR code scanned on their mobile device. Funds are debited from a…
October 1st, 2015
UK-based payment processor Worldpay is conducting trials of a facial biometric verification system for payments in stores, using a prototype device that includes an upward-facing camera embedded into a POS terminal. The PED Cam (PIN…
September 29th, 2015
European mPOS company SumUp has launched its mobile card acceptance solution in Sweden, expanding its footprint to 14 countries including Germany, the UK and Brazil. “With its PIN+ Card Terminal, SumUp will be the first company to offer a proprietary card terminal to small businesses in Sweden,” the company says. The expansion follows a €10m (US$11.2m) funding round in August 2015.
September 17th, 2015
Eight in ten UK consumers with bank accounts have used an alternative to traditional cash and plastic cards in the last 12 months, research by Gocompare.com has found. 4% have made an NFC mobile payment,…
September 16th, 2015
South Africa’s Absa Bank is to be the first to develop a proof of concept trial of a new Visa specification that will enable the use of biometrics to verify EMV chip card transactions. The…
September 8th, 2015
Consumers will be able to make contactless transactions for high value payments above the current limit at all contactless terminals across Europe by 2017, MasterCard has announced. The move follows the payment network’s confirmation that…
August 6th, 2015
Samsung Smart TV owners will be able to make payments directly on the device by selecting the item they wish to purchase, pressing Pay Now and entering a PIN. Samsung Pay on TV will support “major credit cards, debit cards, PayPal as well as other mobile billing options,” Samsung says. “Samsung mobile device users can easily transfer their Samsung account information and registered payment methods to the Smart TV.”
July 28th, 2015
Hong Kong Telecommunications (HKT) subsidiary HKT Payment has launched a SIM-based NFC mobile payment service to let customers of its 1010 and Csl mobile service brands pay at more than three million locations worldwide which…
July 10th, 2015
Customers of Russia’s Alfa-Bank can now use a contactless-enabled watch designed and supplied by Austrian company Watch2Pay to make payments with a tap of their wrist wherever MasterCard PayPass is accepted. “AlfaPay wristwatch is a…
July 6th, 2015
More than one billion contactless transactions worth in excess of €12.6bn have been made by Visa cardholders across Europe in the past 12 months, research from Visa Europe has found, with its customers spending €1.6bn…
July 3rd, 2015
Some 14% of Canadian consumers say they are highly interested in making in-store mobile payments and 11% are also interested in using a wearable device such as a smartwatch to do so, research from payment…
June 26th, 2015
Three in ten Australians plan to use their smartphone for all their digital money and financial needs by 2017 and one in five (17%) are already using their smartphones to make in-store payments, research from lender Fair Go Finance reveals. “50% would like to use biometrics instead of PIN codes by 2020,” the survey finds. “One in ten said they would use Facebook to transfer money to friends and family.”
June 23rd, 2015
Spanish supermarket chain Bonpreu is to roll out a mobile payments service to 170 stores, using a platform developed by Dinube that combines proprietary tokenization algorithms, NFC and biometric fingerprint security. Dinube charges merchants a…