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    Australian digital payments to reach nearly A$1.9bn by 2020

    May 4th, 2016

    Digital payments across Australia, including those made with a mobile device at the point of sale, will be worth A$1.897bn (US$ 1.42bn) by 2020, Frost & Sullivan predicts. “Mobile payments are expected to take off in 12-18 months,” says the firm’s Saranga Sudarshan. “Apple Pay and Android Pay will revolutionise this market. Smartphone prevalence facilitates a high adoption rate for a more convenient and secure form of paying, compared to physical cards or cash.”

    Corporate drivers to get mobile payments at the pump

    May 3rd, 2016

    Drivers of corporate fleet vehicles will soon be able to pay for fuel using a mobile payment service that identifies the site and pump using Bluetooth Low Energy (BLE) beacons and authenticates the vehicle using NFC. More

    Boon launches in the UK and adds Apple Pay support

    May 3rd, 2016

    Consumers across the UK can now make host card emulation (HCE) based mobile payments using German payments technology provider Wirecard’s Boon service. The service has also been integrated into Apple Pay for the first time, enabling those… More

    Google Authenticator to get NFC and BLE?

    May 3rd, 2016

    The Google Authenticator app, which generates two-step verification codes as an additional layer of security when signing in, will soon add support for NFC and Bluetooth Low Energy (BLE), an APK teardown reported by Android Police reveals. “The obvious first question is whether or not NFC and BLE will be used to add accounts to the device or used to unlock other devices,” the publication says. “It could also be used for signing into various apps and services or even used to open an electronically locked door.”

    Turkey aims to be cashless by 2023

    May 3rd, 2016

    Turkey has introduced its own card payment system in an attempt to move towards a cashless society by 2023. Known as Troy, the system has been built into all point-of-sale terminals and ATMs across the… More

    Deutsche Bank to launch NFC payments in Q3

    April 28th, 2016

    Customers of Deutsche Bank will be able to make NFC mobile payments using the version of its mobile banking app that will become available for Android in the third quarter of this year. “Contactless payment at the point of sale based on NFC is scheduled to become available when the Android version of the app is released,” the bank says. Deutsche Bank ran a trial in December 2015 of technology that verified the identity of their customers by the way they handle and hold their mobile device.

    Gemalto named as leading mobile ticketing vendor

    April 28th, 2016

    PARTNER NEWS: Digital security giant Gemalto has been awarded the “leading position among mobile ticketing vendors” by Juniper Research for the second consecutive year. Two additional market research companies, ABI Research and IHS, published independent reports that ranked Gemalto as the world’s number one innovator in the transportation market in December 2015.

    MasterCard to reduce EMV checkout time

    April 28th, 2016

    MasterCard has unveiled M/Chip Fast, a technology advancement designed to help speed up EMV transactions at the checkout. “A shopper inserts his or her card into an M/Chip Fast-enabled terminal,” the company explains. “M/Chip Fast provides counterfeit fraud protection by creating a unique code for each transaction. Once the code is generated, the card can be removed from the reader.” The announcement follows the unveiling of Visa’s Quick Chip for EMV service.

    Australia’s ANZ adds support for Apple Pay

    April 28th, 2016

    Customers of Australia’s ANZ bank can now make payments using Apple Pay with either an ANZ Visa debit or credit card or an ANZ American Express credit card. The bank is the first of the… More

    IoT security spending to reach $348m this year

    April 26th, 2016

    Worldwide spending on Internet of Things (IoT) security will reach US$348m in 2016, a 23.7% increase from 2015 spending of $281.5m, Gartner predicts. “Spending on IoT security is expected to reach $547m in 2018,” the firm says. “Gartner predicts that IoT security market spending will increase at a faster rate after 2020.”

    Three quarters of Brits expect to be cash-free by 2021

    April 26th, 2016

    Almost three quarters of UK consumers (73%) do not expect to be using cash in five years’ time in light of the rise of contactless payments and mobile wallets, research released by digital media agency Starcom reveals, and a third believe cash will be extinct within the next 15 years. More

    42% of UK mobile users don’t trust NFC mobile payments

    April 25th, 2016

    More than four in ten mobile users in the UK (42%) feel that NFC mobile payments are not secure, research from Ofcom reveals. “Mobile users are more likely to say that this activity is not at all secure (24%) than say it is completely secure (10%) — around one in five are unsure,” the communications regulator says. The findings also show that 15% of the 1,841 respondents have used their phone to make a contactless payment.

    Fibank launches HCE in Bulgaria

    April 21st, 2016

    Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied… More

    G&D integrates Convego CloudPay with Visa Token Service

    April 21st, 2016

    PARTNER NEWS: Giesecke & Devrient (G&D) has integrated its Convego CloudPay solution with Visa Token Service (VTS). The integration will allow G&D to request and provide payment tokens from VTS to Visa issuers’ host card… More

    Bell ID white paper explores tokenization

    April 20th, 2016

    A 26-page white paper that explores tokenization, how it is implemented and the role of token service providers (TSPs), token vaults and token domains is now available to download from the NFC World+ Knowledge Centre. ‘Tokenization — Everything You Need to Know’ has been produced by Bell ID with the aim of educating issuers about the technology, with a specific focus on how tokens can be used to protect payments.

    Gemalto white paper explores South Korea’s T-money service

    April 20th, 2016

    PARTNER NEWS: A case study taking a detailed look at South Korea’s T-money NFC transportation service is now available to download from digital security giant Gemalto’s website. ‘Transport ticketing helps South Korea lead the way as global mobile NFC leader’ explores how the service, which uses technology supplied by Gemalto, was established and the reasons behind its success. T-money has now surpassed a 20% adoption rate among Korean commuters.

    Gemalto and Worldline simplify onboarding to OEM mobile wallets for banks and card issuers

    April 20th, 2016

    PARTNER NEWS: Digital security giant Gemalto is working alongside European payment and transactional services provider Wordline to enable the “seamless onboarding” of banks and card issuers to mobile payment wallets provided by device manufacturers. “With this… More

    Demand for coins is “as strong as ever”, says The Royal Mint

    April 19th, 2016

    “Cash is still the most prominent payment method for UK consumers and global demand for coins is as strong as ever,” says The Royal Mint in response to research conducted by UK supermarket chain The Co-Op that predicted mobile payments will account for 65% of its transactions by 2025. “The demise of cash has been predicted for a long time but it remains the currency option the general public turns to for confidence, convenience and security,” the government-owned company adds.

    Mobile payments will overtake cards and cash by 2025, says UK retailer

    April 19th, 2016

    UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More

    Nets to launch HCE mobile payments in Denmark

    April 19th, 2016

    Nordic payments service provider Nets is to launch a mobile payment service in Denmark in autumn 2016 that will use host card emulation (HCE) technology from Japanese card issuer JCB, the two companies have announced. More

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