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    News about POS.

    MoboMoney takes sound-based mobile payments to India

    February 8th, 2016

    Indian consumers can now make payments at participating retail locations using their mobile device and sound based technology developed by startup ToneTag. The feature has been integrated into MoboMoney, an NFC payments platform launched by information technology provider Tech Mahindra in December 2015, to extend the service to a greater number of mobile devices and merchants across the country. More

    FitPay closes $3.1m round led by G&D

    February 5th, 2016

    Wearable payments provider FitPay has closed a US$3.1m seed funding round led by Giesecke & Devrient (G&D). “FitPay’s payment platform uses NFC technology combined with card network tokenization to interact with POS terminals at retail locations,” the company says. “FitPay’s Trusted Payment Manager platform allows contactless payment capabilities on a wide range of wearable devices.” FitPay developed a smartstrap to enable NFC payments on Pebble Time smartwatches in November 2015.

    Apple begins selling Square contactless reader

    February 4th, 2016

    Apple has begun selling mobile POS provider Square’s US$49 contactless readers in its US stores as well as online. Square unveiled the NFC mPOS terminals during Apple’s WWDC in June 2015 and offered the first 250,000 free of charge. It began shipping devices in December.

    Visa launches cross-marketing network for coupon-free digital rewards

    February 1st, 2016

    US merchants can now send targeted offers and rewards to their customers that can be redeemed at other merchants’ locations via Visa Commerce Network, a new service launched by Visa that eliminates the need for coupons at the point of sale. More

    Visa reports 250% growth in UK contactless transactions

    January 26th, 2016

    Contactless now accounts for one in seven Visa transactions across the UK, up from one in 25 a year ago, the payment network has revealed, with contactless payments growing 250% year-on-year and 60% of transactions occurring outside London. “Almost 460,000 terminals across all of the UK are now ready for face-to-face contactless and mobile payments,” says Visa Europe’s Kevin Jenkins.

    CaixaBank will not support MST transactions when it launches Samsung Pay in Spain

    January 25th, 2016

    Spain’s CaixaBank has revealed that it will not include support for Samsung Pay’s Magnetic Secure Transmission (MST) technology when the bank launches support for the mobile payment service in the coming months. “It is mainly because… More

    Apple Pay leads US mobile payments market

    January 25th, 2016

    Apple Pay is “overwhelmingly the share leader” in point-of-sale mobile payments across the US despite uptake remaining relatively low, the latest statistics from Piper Jaffray’s Apple Pay adoption tracker show. “Analyst Gene Munster expects numbers to rise in 2016 as Apple integrates attractive new features like P2P payments and in-browser integration,” AppleInsider reports.

    McDonald’s rolls out FreeCharge mobile payments to 216 Indian restaurants

    January 20th, 2016

    McDonald’s customers across West & South India can now pay for their orders in-store using their mobile device. The fast food chain has implemented support for mobile wallet provider FreeCharge in 216 restaurants across 26… More

    NXP and Guala add NFC security to wine and spirit bottle caps

    January 19th, 2016

    PARTNER NEWS: Leading bottle cap supplier Guala Closures Group is working with chip maker NXP to develop NFC-enabled closures for wine and spirit bottles that will allow consumers to check the product’s authenticity and whether or not the beverage has been tampered with. More

    Paytm trials sound-based payments

    January 15th, 2016

    Indian mobile payment platform Paytm is trialling a Sound Pay feature that will enable users of its mobile app to make in-store payments via ultrasonic sound waves which transmit data — including payment amount and customer credentials — to the point of sale. “Once the consumer’s app transmits data, the seller’s app checks whether there is enough money in the Paytm wallet before the transaction is completed,” Economic Times reports.

    Diebold takes NFC to the self-checkout

    January 14th, 2016

    ATM manufacturer Diebold has demonstrated a mobile-enabled self-checkout concept that would let shoppers use their mobile device to scan items they want to buy while shopping in-store before checking out at a self-service POS terminal with NFC. More

    Dubai to get payment system based on mobile phone numbers

    January 14th, 2016

    Consumers across Dubai will soon be able to make in-store and online payments using their mobile phone number following an agreement between payment solutions providers Quisk Middle East and Network International. “The next generation solution,… More

    Intesa Sanpaolo launches HCE mobile payments in Italy

    January 13th, 2016

    Customers of Italian banking group Intesa Sanpaolo can now make host card emulation (HCE) based NFC mobile payments using a new service called PayGo. “To make payments, customers need to place their smartphone near a… More

    NanoPay acquires Mintchip digital currency

    January 12th, 2016

    Mintchip, the digital currency developed and field tested in an NFC payments pilot by The Royal Canadian Mint, has been acquired by Loyalty Pays Holdings Corporation, a subsidiary of NanoPay. “NanoPay is now focused on expanding partnerships with central banks, commercial banks, telcos, acquirers, retailers as well as developers and POS providers that will further expand the utility and acceptance of MintChip,” the loyalty and payments platform provider says.

    Nine in ten US Apple Pay users have made an in-store mobile payment

    January 12th, 2016

    More than nine in ten users of Apple Pay in the US (91%) have now made an in-store payment using a credit card stored on their mobile device and two thirds (67%) have made an… More

    Azerbaijan to get universal mobile payment system

    January 7th, 2016

    A new mobile payments system is to begin undergoing tests in Azerbaijan this month, according to Azernews. Azerpay “is expected to offer contactless and remote payment, money transfers, applying for loan, operations in POS-terminals, recharge of account, payment of utility services and many other advantages,” the publication reports. “Overall, more than 160 variations of payment services will be available at the time of the start of the system.”

    Yapi Kredi launches HCE mobile payments in Turkey

    January 5th, 2016

    Customers of Turkish bank Yapi Kredi can now make host card emulation (HCE) based mobile payments using a Yapi Kredi Wallet that enables purchases to be made at any contactless terminal with a tap of… More

    NXP unveils NFC frontend for contactless payment readers

    January 4th, 2016

    PARTNER NEWS: NXP has launched a new NFC frontend for contactless payment readers that simplifies the work needed to gain certification and delivers four times more output power than its previous model. The PN5180 supports… More

    Samsung Pay to launch in China with China UnionPay

    December 18th, 2015

    Samsung has partnered with China UnionPay to bring its Samsung Pay mobile payments service to China in early 2016. The announcement comes as Apple reveals that it has also partnered with the bank card organisation to bring Apple Pay to Chinese consumers next year. More

    Apple Pay to go live in China in early 2016

    December 18th, 2015

    Apple Pay will launch in China in early 2016 through a partnership with bank card association China UnionPay and with support from 15 of the country’s banks. “Apple Pay will roll out to China UnionPay cardholders… More

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