Issuers to adopt common QR code for payments in Singapore from 2018

Common Singapore QR code to be rolled out next year — Channel News Asia — “A common Singapore Quick Response Code (SG QR) will be rolled out and adopted by payment service providers in Singapore next year, the Monetary Authority of Singapore (MAS) said on Monday… Payment services providers in Singapore have also committed to update their mobile payment apps for consumers to read the SG QR. The newly announced NETS QR will be part of SG QR as will other payment service providers such as Singtel Dash QR.” 


Norwegian banks to form joint venture in bid to combat threat of global tech giants

Norwegian banks to combine payment units Vipps, BankAxept, BankID — Reuters — “Norwegian banks agree to combine payment units Vipps, BankAxept and BankID Norge to improve product offering and prepare for competition against global tech firms… DNB CEO Rune Bjerke said: “We have two choices. Either let the existing payments infrastructure wither away, or join forces and push forward.” 


ABN Amro includes access to Tikkie payments in new developer APIs

ABN Amro launches its developer portal — ABN Amro — “Besides providing APIs that allow commercial clients easy access to their checking accounts, the bank also offers use of building blocks for sending Tikkie payment requests and sending bulk payment orders. This is also part of ABN Amro’s preparations for the European Payment Services Directive 2 (PSD2) laws, which – starting in 2018 – will allow regulated third parties to access the checking accounts of clients that have granted permission.” 


Wembley to let fans store contactless tickets in their Apple Wallet

Contactless ticketing at Wembley Stadium — Wembley Stadium — “The innovation offers fans a new way to seamlessly and securely enter live events with contactless tickets added to Apple Wallet on their iPhone or Apple Watch… The integration of contactless tickets in Apple Wallet will simplify customers’ experience while enhancing security and fostering more personalised engagement with fans. As well as entering the stadium with their contactless tickets, fans can use Apple Pay to buy food and beverages with their iPhone or Apple Watch.” 


Amazon moves closer to rollout of automated stores

Amazon’s cashierless store is almost ready for prime time — Bloomberg — “For the past year, Amazon employees have been test driving Amazon Go, an experimental convenience store in downtown Seattle. The idea is to let consumers walk in, pick up items and then pay for them without ever standing in line at a cashier… In a sign that the concept is almost ready for prime time, hiring for the Amazon Go team has shifted from the engineers and research scientists needed to perfect the platform to the construction managers and marketers who would build and promote the stores to consumers.” 


Apple details its face detection algorithm

An on-device deep neural network for face detection — Apple — “Apple started using deep learning for face detection in iOS 10. With the release of the Vision framework, developers can now use this technology and many other computer vision algorithms in their apps. We faced significant challenges in developing the framework so that we could preserve user privacy and run efficiently on-device. This article discusses these challenges and describes the face detection algorithm.” 


Garmin Pay goes live in US, Switzerland, Russia and Australia

Garmin and NXT-ID subsidiary FitPay announce Garmin Pay now live on Garmin Vivoactive 3 smartwatch — NXT-ID and Garmin International — “The new contactless payment capability is powered by the FitPay payment platform and available initially for Mastercard cardholders from numerous issuing banks and credit unions including BECU, Capital One, First Tech Federal Credit Union, and US Bank in the United States, and internationally through Commonwealth Bank of Australia, Cornèrcard, Sberbank of Russia, and Swiss Bankers Prepaid Services Ltd.” 


Microsoft rebrands wallet as Microsoft Pay

Microsoft Wallet is now Microsoft Pay: New app appears in Store — On MSFT — “Microsoft Wallet has changed its name to Microsoft Pay… Microsoft Pay was included in the Windows 10 Creators Update, but only now Microsoft Wallet has updated to reflect the name change. Microsoft Pay is developed for use with Windows 10 and Windows 10 on Arm devices.” 


ICICI Bank partners with Paytm to offer instant loans during checkout

Paytm-ICICI Bank Postpaid: Now get instant digital credit in your mobile wallet — BGR — “While checking out, customers will see a ‘Pay Later’ option, and on clicking it, their credit score would be calculated instantly. ICICI Bank will arrive at the credit score based on behavioral data from Paytm, the bank’s own customer data, and financial data from the credit bureau.” 


Apple GymKit with NFC goes live in Australia

GymKit launches today in Australia, automatically sync workout data between Apple Watch and gym equipment — 9to5Mac — “The first gym to feature GymKit-compatible equipment is now up and running in Australia. Users just tap their watches to the treadmill (or other GymKit equipment) using NFC, and they start sending data back and forth automatically… The idea is that the watch and the paired gym machine have better knowledge about different aspects of the workout. GymKit allows that data to be shared back and forth, as appropriate.” 


Video shows that children could use Face ID to unlock their parents’ iPhone X

This 10-year-old was able to unlock his mom’s iPhone using Face ID — The Verge — “While Apple has admitted that false positives can happen, it was thought this could only happen with twins, or siblings under the age of 13. However, a new video has popped up showing a 10-year-old unlocking his mother’s iPhone, suggesting that any family members who bear enough resemblance might be able to bypass the system.” 


UK supermarkets to test face recognition for proof-of-age at self-checkout tills

Supermarket self-service tills replace ID checks with facial recognition — The Telegraph — “The technology will be used to remove in-person age checks when customers are buying alcohol and other age restricted items… Using Yoti at a self service till would involve a QR code showing up on the checkout screen, which could be scanned by the app. The Yoti app would then scan the shopper’s face to confirm their identity, and would then connect to the till over the internet to verify the purchase.” 


Challenger bank lets customers activate their debit card with their NFC phone

Tap to activate your debit card — Monzo — “If you use Monzo on Android (and have a device that supports NFC), you’ll now be able to activate your new Monzo debit card just by tapping it on your phone… Rather than typing in the card number, or even having to take a picture, simply tap your card and phone together to activate it immediately.” 


Mastercard applies for blockchain ‘instantaneous payment’ patent

Method and system for instantaneous payment using recorded guarantees — USPTO — “The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction.” 


Samsung Rewards ‘increased the use of Samsung Pay by 48%’

Samsung Rewards: Growing big in year one, with a preview of the year ahead — Samsung — “After a year of growing 25% month-over-month, millions of people are enrolled in and actively use Samsung Rewards. In the first week of November alone, we gained more than one million new users in the United States… We estimate that Rewards increased the use of Samsung Pay by 48%… We are also exploring adding innovative new features that our consumers will enjoy such as peer to peer points sharing and integration with partner loyalty programs.” 


Google promotes Android Pay with Justice League bots

Unlock your superpowers with Android Pay and Justice League — Google — “If you use Android Pay today, you’re in for a surprise. Like our beloved animations of space explorers, Halloween haunts, and Wimbledon players in the past, five of our Android bots have channelled their superpowers to become Justice League Super Heroes in celebration of the movie… You’ll have the chance to collect Batman, Wonder Woman, The Flash, Cyborg or Aquaman when you pay in stores.” 


Pinterest rolls out QR-like Pincodes for stores, brands and magazines

Introducing Pincodes! Discover ideas from brands and publishers — Pinterest — “Nordstrom will now feature Pincodes throughout select stores. When you come across one, just pull out your Pinterest app to unlock a little inspiration, like Nordstrom’s carefully curated Gifts Under $100 board. You’ll also start seeing Pincodes on products from Kraft Heinz (just imagine the recipes you’ll turn up!), in select Home Depot stores, from auto companies like Kia’s exhibit in the LA Auto Show and throughout the December issue of Real Simple.” 


Sony explains the history, current status and future development of mobile payments in Japan

Covershot: The Mobile Payments Market in Japan

NFC mobile payments have been a reality in Japan since 2004 when Sony and mobile network operator NTT Docomo formed a joint venture to bring the technology to market. In this new paper Sony’s Katsuyuki Teruyama and Masayuki Takezawa explain the reasons behind the early rise of NFC payments in Japan, the impact of Apple Pay and Android Pay on the local market and the next steps in the evolution of mobile payments in the country. More


Chatbots to issue over 1bn coupons a year by 2022

Digital coupon redemptions to surpass $90bn by 2022 — Juniper Research — “Juniper has quantified the volume of chatbot coupons as 25m this year, with this set to reach 1.1bn by 2022. The technology will enable greater personalisation of offers; particularly through use via social media, and at a fraction of the cost of using human operatives, and will aid in driving commerce transactions both online and in-store… Mobile will account for nearly 80% of all coupon redemptions by 2022.” 


Facebook applies for patent for face recognition payments in stores

Facial recognition identification for in-store payment transactions — USPTO — “One or more implementations involve receiving a payment request to initiate an in-store payment transaction between a user and a merchant, the payment request including an image of the user. One or more embodiments identify a payment account for the user based on the image and send a payment confirmation request to a client device of the user. Additionally, one or more embodiments process the in-store payment transaction based on a confirmation response received from the client device.” 


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