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Samsung to offer money transfers

October 29th, 2014

Samsung will launch a mobile money transfer service in Korea at the end of this year in partnership with mobile payment service provider Yelopay and six banks, Korea Bizwire reports. “Samsung Wallet, which used to be used only for coupon services and app cards, is now transformed into [a] fintech service platform,” the article says, noting that users can send up to 100,000 won at a time through the service. “The six financial institutions including Kookmin, Shinhan, Woori, Nonghyup, Citi and Korea Post Office reportedly have announced collaboration with the electronics company, but it plans to expand to all financial organisations.”

Survey finds US consumers willing to switch platforms to get Apple Pay

October 27th, 2014

Almost half (45%) of US smartphone owners with non-iOS devices would be willing to switch to an iOS device in order to gain access to Apple Pay, a study from market research firm Lab42 has… More

Revolution Money founder raises funds for location-based marketing venture

October 22nd, 2014

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… More

Johnny Rockets puts tablets in 200 restaurants

October 21st, 2014

Hamburger restaurant chain Johnny Rockets is to roll out E la Carte’s tablet-based Presto platform to more than 200 locations in the US in November after a three month pilot that saw an 11.2% improvement in table turn time. The tabletop tablet lets customers place orders via the on-screen menu, add items to their cart and pay via a built-in credit card reader.

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

InMarket reports on attitudes to beacon messages

September 29th, 2014

Sending customers more than one push notification from a beacon platform in the same store leads to a 313% decline in app usage, a study conducted by Bluetooth Low Energy (BLE) marketing platform InMarket has found. “The same goes if the notifications customers received were irrelevant: the beacon app gets deleted,” BostInno reports.

Federal Reserve gives cautious backing to tokenization

September 24th, 2014

The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more… 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

MasterCard launches MDES token platform for mobile payments

September 10th, 2014

MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from… More

Retailer-owned payments venture MCX unveils CurrentC brand

September 3rd, 2014

Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called… More

Melbourne Cricket Club equips roving snack vendors with Bluetooth beacons

September 2nd, 2014

Bluetooth Low Energy (BLE) beacons are being attached to the trays of roving snack and drink vendors for football matches taking place at Melbourne Cricket Ground (MCG), Australia this month. The beacons trigger location-specific messages… More

Visa licenses transactional ad platform

September 1st, 2014

Visa has acquired a strategic licence for the technology platform developed by transactional advertising pioneer TrialPay. The company’s technology involves “placing relevant offers around transactions, and using transactional data to show relevant offers”. The move follows an investment by Visa in the company three years ago.

Alipay partners with Huawei to add biometric security to mobile payments

September 1st, 2014

Chinese online payments giant Alipay is working with Huawei to enable users of the phone maker’s new Ascend Mate 7 handset to secure their mobile payments using a fingerprint sensor built into the phone. The… More

Visa adds Checkout partners

September 1st, 2014

Visa has signed agreements with a wide range of new partners that will make its new Visa Checkout service available to more than 4m online merchants across the US. The new partners include “Bank of America Merchant Services, First Data, Tsys, Vantiv, and Wells Fargo Merchant Services, along with ecommerce platform providers including CyberSource, MarketLive, and 3DCart,” Visa says. “Branding Brand, Moovweb, and Skava are already live and integrating merchants today.”

Evidence builds for NFC in iPhone 6

August 28th, 2014

Apple’s next iPhone will feature its own payment platform, “sources familiar with the matter” have told Wired. “In fact, that platform will be one of the hallmark features of the device when it is unveiled on September 9. We are told the solution will involve NFC.” Analysis of a leaked logic board by a MacRumours reader, meanwhile, adds weight to previous suggestions that Apple will include NXP’s PN65 NFC chip in the iPhone 6.

NTT Docomo picks Gemalto for NFC

August 26th, 2014

NTT Docomo, Japan’s largest mobile phone carrier, is to use Gemalto’s Allynis trusted service management (TSM) service and its UpTeq SIMs for the rollout of its NFC platform. “The launch will deliver a rich variety of contactless services encompassing mobile payments, loyalty programs, e-ticketing and access control,” Gemalto says.

QikServe raises funds

August 26th, 2014

QikServe has raised a further US$880,000 to support the expansion of its mobile ordering and payment platform for the hospitality sector. The funds “will provide the resources needed to support our strategic partners as well as continue to roll out our mobile ordering system with customers in our target markets”, says CEO Ronnie Forbes.

PayPal introduces one touch mobile payments

August 21st, 2014

PayPal has launched One Touch, a mobile payments solution that lets consumers make payments in supported apps with a single touch. The service, PayPal says, is the “absolute fastest way to pay on any mobile… More

Merchants to test BLE payments at Vilnius street fair

August 7th, 2014

More than 250 merchants taking part in this year’s Vilnius City Fiesta will be testing out a Bluetooth Low Energy (BLE) mobile payments service that uses EVP International’s Paysera platform. The solution will also use… More

Paym reaches 1m users

August 7th, 2014

More than one million Brits have now registered for Paym, the mobile payments service operated by the UK’s Payments Council, with just over £6.5m being sent on the platform since its launch in April this year. “It’s hugely encouraging that one million people have chosen to register for Paym already, but this milestone only marks the start of growth in the service,” says the company’s Jemma Smith.

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