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    18 January 2017 • By Rian Boden • Last updated 18 January 2017, 12:29

    Mercedes Pay mobile payments unveiled for Daimler mobility services

    Customers of Daimler’s mobility services will soon be able to use a dedicated Mercedes Pay mobile payments platform, allowing them to “easily and securely pay for mobility offerings and services using their smartphones”, the German automotive giant has announced.

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    17 January 2017 • By Rian Boden • Last updated 17 January 2017, 12:59

    Mobile marketplace offers African farmers promise of richer, cashless harvest

    Thousands of small-scale farmers across East Africa will soon be using their feature phones to buy, sell and receive payments for their goods through a mobile app and SMS service developed by Mastercard. The payments giant says 2Kuze offers farmers greater price transparency, more direct access to buyers and financial services, and “paves the way to a cashless agricultural sector”.

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    NFC

    16 January 2017 • By Rian Boden • Last updated 16 January 2017, 15:24

    One in 10 UK consumers have used mobile payments, survey reveals

    More than one in 10 (11%) of UK consumers have made an in-store mobile payment and do so occasionally, with 2% doing so “wherever possible”, research from price comparison service uSwitch reveals. 6% of Britons value mobile payment technology as the most useful feature of their smartphone, rising to 8% among 18- to 34-year-olds.

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    13 January 2017 • By Rian Boden • Last updated 13 January 2017, 11:44

    US consumers to use loyalty points as currency for in-store payments

    US consumers will soon be able to purchase goods using loyalty points from multiple programs through Verifone Points Redemption, a new service designed for merchants which connects to third party loyalty programs and alerts shoppers when they have enough points available to complete a payment.

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    13 January 2017 • By Christopher Brown • Last updated 13 January 2017, 09:48

    Palm vein authentication system launched for mobile devices

    A palm vein authentication system compact enough to be used in tablets and other mobile devices as “dependable as current optical units” has been unveiled by Japanese electronics firm Fujitsu. The company says it expects a “corresponding prevalence of highly secure mobile services” to be introduced as it aims for practical implementation of the system during 2017.

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    NFC

    12 January 2017 • By Rian Boden • Last updated 12 January 2017, 17:13

    Secure element security added to web applications

    GlobalPlatform has released Web API for Accessing Secure Elements v1.0, a standardised communications interface between web applications and secure elements (SEs) that will enable sensitive data from online applications to be stored and processed in a secure, isolated environment.

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    11 January 2017 • By Rian Boden • Last updated 11 January 2017, 14:48

    European Central Bank calls for Europe-wide P2P mobile payments by end of 2017

    Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of 2017, the European Central Bank (ECB) has revealed.

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    10 January 2017 • By Rian Boden • Last updated 10 January 2017, 10:24

    Biometric payments pilot to test palm vein replacement for cards

    South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology, without the need of a physical payment card.

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    9 January 2017 • By Rian Boden • Last updated 9 January 2017, 17:29

    Korean central bank to put small change on cards

    The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins. The project forms part of the central bank’s Coinless Society Project (PDF) which aims to “ease the inconvenience of using and carrying coins”.

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    9 January 2017 • By Christopher Brown • Last updated 9 January 2017, 15:40

    Huawei installs Amazon Alexa on flagship smartphone for US market

    Chinese mobile phone giant Huawei is to pre-load Amazon’s Alexa voice assistant on its flagship Mate 9 smartphone, which has now launched in the US, as Amazon bids for a leading role in the emerging voice-activated services market.

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    News in brief

    Call to ‘digitise Indian rupee’ using blockchain

    By Rian Boden • 18 January 2017, 12:56 • Last updated 18 January 2017, 12:56

    “The time is ripe” for the adoption of blockchain technology in India, according to the Reserve Bank of India’s research arm which believes the technology has the potential to digitise the country’s fiat currency. “We feel that BCT [blockchain technology] has matured enough and there is sufficient awareness among the stakeholders, which makes this an appropriate time for initiating suitable efforts towards digitising the Indian rupee through BCT,” the Institute for Development and Research in Banking Technology says in a white paper.

    P2P service expands to Macau

    By Rian Boden • 18 January 2017, 11:17 • Last updated 18 January 2017, 11:17

    Hong Kong ATM network Jetco has partnered with seven banks in Macau to offer Jetco Pay P2P, the mobile phone number-based transfer service that launched with 12 banks in January 2016. Participating banks include Banco Comercial De Macau, Banco Nacional Ultramarino, Tai Fung Bank, Bank of China Macau Branch, Industrial and Commercial Bank of China (Macau), Luso International Banking Limited and OCBC Wing Hang Bank. The service will roll out in the second half of 2017.

    GlobalPlatform standardises TEE management

    By Rian Boden • 18 January 2017, 10:49 • Last updated 18 January 2017, 10:53

    Standards body GlobalPlatform has published a framework detailing how trusted applications hosted on a GlobalPlatform compliant Trusted Execution Environment (TEE) can be remotely and dynamically managed. GlobalPlatform TEE Management Framework “is applicable to any type of device including mobile and IoT devices and will be used by service providers, TEE implementers, device makers, trusted application providers and trusted application managers,” the organisation says.

    Google to add payments for Home Assistant?

    By Rian Boden • 18 January 2017, 10:37 • Last updated 18 January 2017, 10:37

    An APK teardown conducted by XDA reveals that Google plans to add the ability to make payments directly through its Google Home voice-activated speaker powered by Google Assistant. “The string ‘you’ll soon be able to pay for things’ when you use Google Assistant indicates the service is not yet live… but it soon will be,” the publication reports. “Plus, you’ll be able to specify which Assistant-connected devices will be able to participate in making payments.”

    Japanese bank plans new biometrics firm

    By Rian Boden • 17 January 2017, 14:00 • Last updated 17 January 2017, 14:00

    Japan’s Sumitomo Mitsui Financial Group is planning to establish a company that provides biometric authentication services together with a “major Japanese IT company and an Irish company as early as this spring”, The Japan News reports. “The new company aims to expand its target to include all internet services, and make them available for finance, mail order and other areas,” the publication adds.

    Boon launches in France for Apple Pay users

    By Rian Boden • 17 January 2017, 13:34 • Last updated 17 January 2017, 13:34

    France has become the first eurozone country in which consumers with iOS devices can use Wirecard’s Boon service to make purchases with Apple Pay, by adding a virtual Boon card to the mobile payment service. Boon launched in Germany, the Netherlands, Austria and Belgium in December 2015. It expanded to Spain and Ireland in the same month, and launched in the UK with Apple Pay support in March 2016. Apple Pay launched in France in July 2016.

    US bank backs top five mobile payment services

    By Rian Boden • 17 January 2017, 11:31 • Last updated 17 January 2017, 11:31

    US bank Fifth Third has announced it will support the five major mobile payment services — Android Pay, Apple Pay, Masterpass, Microsoft Wallet and Samsung Pay. “Consumers are rapidly adopting mobile payments and we are providing our customers with every option available,” says Jimm Bell from Fifth Third. The bank has witnessed a 133% increase in mobile payments among its customers since it added Apple Pay support in 2015.

    Mobile payments market worth $3,338bn by 2022

    By Rian Boden • 17 January 2017, 10:50 • Last updated 17 January 2017, 10:53

    The global mobile payments market will reach US$3,388bn by 2022, growing at a compound annual growth rate (CAGR) of 33.4%, Allied Market Research predicts. “NFC has high growth potential and is anticipated to exhibit CAGR of around 36% during the forecast period,” the firm says. “By mode of transaction, in 2015, SMS accounted for about 54% of the overall payments market share, followed by wireless application protocol (WAP). Asia-Pacific is expected to witness the highest growth rate.”

    Apple Pay offers Chinese New Year discounts

    By Rian Boden • 17 January 2017, 10:36 • Last updated 17 January 2017, 10:36

    Apple Pay users in Singapore are being offered a string of discounts when using the mobile payment service to celebrate the Chinese New Year. Deals include discounts of up to 20% at retailers including Cotton:On, Factorie, Rubi, Typo and Topshop, and S$30 (US$21.12) cashback on a first Apple Pay transaction made through Standard Chartered.

    Facebook gets Spanish e-money licence

    By Rian Boden • 17 January 2017, 10:03 • Last updated 17 January 2017, 10:03

    Facebook has obtained a licence to manage money transfers between users in Spain, according to El Pais. “After informing the Bank of Spain, Facebook is now on the financial institution’s registry of electronic money agencies,” the publication reports. “Facebook has yet to explain how it plans to roll out the service.” Facebook was granted an e-money licence to launch Messenger payments in Europe in December 2016.

    More news in brief...


    January 19th, 2017

    This week's news

    1. Call to ‘digitise Indian rupee’ using blockchain
    2. Mercedes Pay mobile payments unveiled for Daimler mobility services
    3. P2P service expands to Macau
    4. GlobalPlatform standardises TEE management
    5. Google to add payments for Home Assistant?
    6. Japanese bank plans new biometrics firm
    7. Boon launches in France for Apple Pay users
    8. Mobile marketplace offers African farmers promise of richer, cashless harvest
    9. US bank backs top five mobile payment services
    10. Mobile payments market worth $3,338bn by 2022
    11. Apple Pay offers Chinese New Year discounts
    12. Facebook gets Spanish e-money licence
    13. One in 10 UK consumers have used mobile payments, survey reveals
    14. 25% of UK card payments now contactless
    15. NFC included in Nintendo Switch controller
    16. US bank to upgrade all ATMs for mobile withdrawals
    17. Australian bank offers instant digital card replacement
    18. Mastercard sizes up data sharing
    19. US consumers to use loyalty points as currency for in-store payments
    20. Palm vein authentication system launched for mobile devices
    21. Secure element security added to web applications
    22. Gemalto secures mobile payments and loyalty pilot
    23. Samsung Pay to get AI assistant?
    24. PayPal extends NFC payments with Discover
     
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