News about Prepaid.
November 18th, 2015
Indian mobile wallet provider Oxigen Wallet is in talks with Visa, MasterCard and RuPay over launching virtual prepaid cards in the country, Economic Times reports. “Today, a wallet is accepted at a merchant’s platform only if the merchant has agreed to accept it,” chief executive Ankur Saxena said. “This (virtual prepaid card) allows us the freedom to have the wallet accepted anywhere a Visa, MasterCard and RuPay gets accepted. We don’t want our wallet to be limited to X number of merchants; we want it to be used everywhere.”
October 27th, 2015
Wearable payments startup PureWrist has begun taking pre-orders for a bracelet that comes equipped with a prepaid MasterCard account and lets its wearer make NFC payments at any contactless terminal with a tap of the wrist. The company showcased the product during its StartupPitch180 presentation at Money20/20.
October 27th, 2015
JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium.
October 16th, 2015
Telkom Indonesia has signed a memorandum of understanding with Sony to develop an NFC platform based on Sony’s FeliCa technology that will let consumers in Indonesia use NFC mobile phones, smartcards and other devices for…
October 9th, 2015
Australian carrier Optus has made its NFC mobile payment service available to prepaid customers, following its launch to postpaid customers in November 2014. “Simply download the Cash by Optus app or go online to order your Cash by Optus SIM,” the carrier says. “When you receive your SIM, simply pop it in your smartphone. Just load money onto your Cash by Optus facility and you’re ready to make secure payments.”
September 28th, 2015
Indian payment services provider Citrus Pay has announced a partnership with gift card solutions provider Qwikcilver to enable its 17m users to make in-store mobile payments using a gift card or voucher generated in Qwikcilver’s…
August 6th, 2015
India’s Axis Bank, HDFC Bank, ICICI Bank and State Bank of India (SBI) are to pilot a mobile payment service developed by Visa this summer that will let select customers make in-store, online and bill payments as well as send and receive money using their mobile devices.
July 21st, 2015
Apple could begin sending targeted advertising to users based on the amount of prepaid funds they have available, according to a newly published patent application. “Goods and services are marketed to particular target groups of users sharing a common profile which may be selected to increase the likelihood of the users responding to the advertisements,” the patent says. “The common profile of users may be based on the amount of prepaid credit available to each user.”
July 21st, 2015
PARTNER NEWS: Digital security specialist Gemalto has partnered with prepaid card provider InComm to enable mobile wallet providers to offer prepaid NFC mobile payment services. “The InComm Mobile Platform (IMP) enables mobile wallet providers and…
July 13th, 2015
Visitors to the 2015 MLB All-Star Game festivities in Cincinnati have the chance to win a Priceless Surprise when using Apple Pay for purchases. “MasterCard cardholders who use Apple Pay at contactless merchandise and concession acceptance locations could get a little something extra — from All-Star branded premiums, autographed memorabilia to prepaid cards and more,” MasterCard says.
July 7th, 2015
Users of New Zealand’s NFC mobile wallet Semble will be able to pay for public transport using the app through a partnership with prepaid transit card provider Snapper. The move follows Semble’s launch as a SIM-based…
June 29th, 2015
Barclaycard has unveiled a second generation of its bPay wristbands and is to add contactless-enabled keyfobs and stickers to the range of bPay devices that will be made available for purchase on 1 July.
June 26th, 2015
Digital payments enabler PayRange has secured US$12m in Series A funding to drive mobile payment acceptance in the vending machine industry with a plug-in dongle called BluKey. “PayRange uses a small device which plugs into the back of the machine and a customer-side mobile app to enable any vending machine to accept all forms of payment,” the company says. The US$49 device uses Bluetooth Low Energy, says PayRange, and the prepaid app can be funded with both Apple Pay and Android Pay.
June 25th, 2015
Swedish firm Seamless is preparing to roll out its mobile payments solution SEQR in the UK, with the first merchants expected to begin using the service at the end of the summer. The move follows the platform’s launch in the US earlier this month. “The UK will also be the first country in which SEQR will offer a prepaid account to process payments,” Seamless says.
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…
June 10th, 2015
Financial products and services provider The Bancorp will offer open loop mobile prepaid cards that make use of host card emulation (HCE) to its European issuers in the fourth quarter of this year, through a…
June 8th, 2015
Visa Europe has confirmed that it will play a part in the the UK launch of Apple Pay and will give debit, credit and reloadable prepaid cardholders access to the payment system. “Visa Europe would like to confirm that it is part of the Apple Pay launch in the UK coming at the beginning of July,” the payment network says. “Further details and information will be shared shortly.” MasterCard revealed last week that it was ready to switch on Apple Pay in Europe.
May 13th, 2015
Orange Spain is to launch a new version of its Orange Cash service allowing users to pay with their smartphone at Visa contactless point-of-sale terminals and make online payments using one-time generated virtual cards. A previous version…
May 6th, 2015
Supporters of Saracens rugby union club have been given prepaid contactless wristbands that let them pay for food and drink with a tap at the club’s Allianz Park stadium in north London, as well make payments outside…
May 6th, 2015
Barclaycard is to shut down its first generation bPay prepaid contactless wristband at the end of the month and will launch “a newly designed wristband that’s lighter, slimmer and comes in a choice of colours… in a couple of months”….