News about POS.
October 21st, 2016
Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with Mastercard to roll out Masterpass QR mobile payments across 33 African countries. In what the payment company says is the largest Masterpass deal…
October 21st, 2016
NFC World partners Rambus Bell ID, Giesecke & Devrient, Gemalto, SimplyTapp, NXP and Kona will be exhibiting at the Money20/20 expo in Las Vegas from October 23 to 26. Here’s what you can expect to see and…
October 18th, 2016
India’s Yes Bank has partnered with Lastmile.mobi to develop a biometric point-of-sale terminal using iris scanning technology. The Iris EMV PoS integrates card payments with the Indian government’s Aadhaar identity project’s electronic know your own customer (E-KYC) and E-signing systems. Yes Bank senior president Ritesh Pai said the device “has multiple uses for both retail and corporate customers right from e-KYC verification and ATM functionalities to disbursal of small loans to merchants”.
October 10th, 2016
Vodafone customers in the UK can now make NFC mobile payments through PayPal using Vodafone Wallet at any contactless terminal as well as across the Transport for London (TfL) network and on National Rail services…
October 7th, 2016
Customers at Lotte Department Store in the Bundang district of Seoul, South Korea, are being offered a new service that enables them to shop by scanning the barcode on their desired products using a shopper scanner…
September 27th, 2016
Danes will soon be able to make in-store Bluetooth Low Energy (BLE) based mobile payments using the Dankort debit card by tapping their phone against a device developed by Spire Payments. It will be deployed…
September 22nd, 2016
The global annual value of contactless point of sale terminal transactions — conducted in-store using cards, mobile phones and wearables — will approach US$500bn in 2017, up from an estimated $321bn this year, Juniper Research predicts. “However, the low value nature of contactless payments means that it will only represent just 5% of the total value of all POS transactions in 2017,” the firm says.
September 14th, 2016
Customers of Singapore’s United Overseas Bank (UOB) will soon be able to withdraw cash from ATMs with a tap of their NFC mobile phone and get instant digital credit card issuance straight to their smartphones…
September 12th, 2016
PARTNER NEWS: Customers shopping at supermarket giant Carrefour in Spain will soon be able to load a digital version of their existing PASS Carrefour banking card and the retailer’s loyalty program to their Android phone…
September 8th, 2016
Supermarket chain Coop Denmark is launching a new mobile loyalty and rewards platform incorporating mobile payment functionality in all of its stores from October. The service will enable customers in Irma, Kvickly, Brugsen and KNB locations…
September 6th, 2016
US consumers will soon be able to make NFC mobile payments using PayPal at the point of sale wherever Mastercard is accepted. The strategic partnership between the two companies will also enable Masterpass as an…
September 5th, 2016
Nearly half of US millennials (45%) have made an NFC mobile payment, compared to 26% of non-millennials (those aged over 35), research from mobile POS provider Square reveals. “The consumers who use NFC are really into it — most cite it as their ideal payment method above credit cards,” Square says in a blog post. 77% of the 1,000 consumers surveyed have not yet tried NFC mobile payments. Nearly 75% of cards processed on Square now contain a chip, up from around 40% in September 2015.
September 1st, 2016
Chinese handset maker Xiaomi has launched its Mi Pay NFC-based mobile payments service in its domestic market.
August 23rd, 2016
Bankcard association UnionPay International has launched QuickPass, its host card emulation (HCE) and tokenization based mobile payment service, for customers of ICBC (Macau). “Now, over 7m POS terminals in mainland China, Hong Kong, Macau, Taiwan, Korea, Singapore, Australia, New Zealand and Canada accept mobile QuickPass,” UnionPay International says. More than 20 commercial banks signed up to support the service when it launched in Beijing in December 2015. It launched in South Korea in June and in Canada last week.
August 12th, 2016
Customers at US pharmacy chain CVS can now make purchases by presenting an on-screen barcode at the point of sale using CVS Pay, the retailer’s own mobile payment service. The feature has been integrated into the existing…
August 11th, 2016
Alipay customers will soon be able to make mobile payments at Ingenico point of sale terminals across Europe, according to the Wall Street Journal. “While no investment will occur, a person familiar with the offline collaboration said Ingenico will receive service charges from Alipay and expects to see transaction volume grow,” the publication reports. Alipay announced its plans to enter Europe back in April.
August 11th, 2016
Customers of UAE-based bank Emirates NBD can now make mobile payments using Emirates NBD Pay, a feature added to the bank’s mobile banking app utilising Visa Token Service. “Emirates NBD’s Visa credit and debit card customers can use their NFC-enabled Android mobile devices to make purchases at NFC-enabled point of sale terminals by upgrading their mobile banking app on the Google Play store,” the bank says.
August 11th, 2016
All British athletes competing at the Rio 2016 Olympic Games are being given NFC payment bands that will allow them to make purchases by tapping their wrists against a contactless terminal.
July 28th, 2016
Customers at stores belonging to Spanish clothing company Inditex will soon be able to use their mobile phone to make in-store payments by scanning a QR code at the terminal via the company’s InWallet mobile payment service.
July 25th, 2016
US consumers will soon be able to make NFC mobile payments using their PayPal mobile wallet at all physical locations across the country that currently accept Visa contactless transactions.