July 2018 • NFCW

What's New in Payments

Japanese carrier KDDI to pilot blockchain coupons that shoppers can redeem using biometrics in stores

By Sarah Clark • 31 July 2018 • Updated 16 August 2019

KDDI and Hitachi pilot finger vein biometrics for redeeming coupons in stores — KDDI (translation) — “The user can authenticate himself by holding the finger registered on the authentication infrastructure, so it is not necessary to present the coupon at the store, and the coupon can be used even without the smartphone… Since coupon usage information recorded in the blockchain is extremely difficult to tamper with, it is easy to share coupon usage history securely and reliably between KDDI and affiliated stores, and payment according to the number of coupon users is highly accurate.”

What's New in Payments

OEM Pays forecast to dominate mobile contactless payments market for next five years

By Sarah Clark • 31 July 2018 • Updated 31 July 2018

Contactless payments to represent 1 in 3 in-store transactions globally by 2020 — Juniper Research — “Juniper forecasts that OEM Pay wallets will enable over $300 billion in transactions by 2020, representing 15% of the total contactless in-store transactions… OEM Pay wallet users will reach 450 million by 2020, with Apple accounting for one in two OEM Pay users globally… ‘We believe that growth over the next five years will continue to be dominated by offerings from the major OEM players.'”

What's New in Payments

Line sets out plans to roll out mobile payments in Japan

By Sarah Clark • 31 July 2018 • Updated 31 July 2018

Chat app Line plots finance ‘revolution’ with mobile payments — Nikkei Asian Review — “Line, the operator of Japan’s leading chat app, is pushing hard into the banking sphere with plans to aggressively expand in mobile payments, aiming to get its 75 million users hooked on transactions without the fees imposed by conventional banks… Line is rolling out a version of its app that will let small and midsize merchants accept QR code-based payments via Line Pay. Transaction surcharges will be waived for the first three years, and the system costs nothing to set up.”

What's New in Payments

Korea’s central bank to build bank account-based mobile payments settlement system

By Sarah Clark • 31 July 2018 • Updated 31 July 2018

Central bank to develop settlement service to expand mobile cash card payment — Yonhap News — “The South Korean central bank said Tuesday that it will adopt a new mobile cash card settlement service starting next year in a bid to expand simplified mobile payments in the country. A council on financial information by the Bank of Korea (BOK) and local banks decided to develop technological standards and a mobile application for the new service that enables sellers to receive money directly from the buyer’s bank account.”

Transit Ticketing Today

Scottish railway operator pilots HCE for mobile ticketing

By Sarah Clark • 31 July 2018 • Updated 18 January 2019

Rambus brings secure mobile ticketing to Scotland’s railway — Rambus — PARTNER NEWS — “Rambus’ HCE Ticket Wallet Service leverages technology proven in the payments industry to create a virtual smartcard that securely stores tickets on mobile devices. The solution integrates with existing software and station infrastructure, allowing transport operators to manage both smartcard and mobile tickets in a single system, reducing integration costs and deployment time.”

Transit Ticketing Today

EZ-Link turns loose change into transit card top-ups

By Sarah Clark • 31 July 2018 • Updated 7 March 2023

Wirecard partners with EZ-Link and Cheers to establish a tailor-made contactless card solution in Singapore reducing the usage of loose change in the country — Wirecard — “Through this partnership, users are able to convert their loose change directly into stored value on EZ-Link cards and EZ-Charms — Singapore’s most widely used contactless solution for commute on buses and trains, as well as lifestyle purchases island-wide… When making purchases with cash at select Cheers outlets, consumers just need to inform the cashier to top-up their EZ-Link directly with the change they receive. This minimizes any inconvenience and time needed to count the coins. No transaction fees are required to use the service.”

Transit Ticketing Today

TransLink reports fast uptake of contactless payments on Vancouver transit system

By Sarah Clark • 30 July 2018 • Updated 18 January 2019

One millions taps — Tap to Pay hits a milestone — TransLink — “It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets… Customers can tap card readers with a contactless Visa or Mastercard credit card, or a device with an Apple Pay, Google Pay or Samsung Pay wallet.”

What's New in Payments

Samsung Pay to go live in South Africa

By Sarah Clark • 30 July 2018 • Updated 23 September 2022

Absa to give clients early access to Samsung Pay — TechCentral — “Absa, in association with Samsung South Africa, will soon be offering its customers early access to Samsung Pay before the service is commercially launched in South Africa,” the bank said. “The partnership with Samsung Pay will give Absa customers even more choice on how they can make payments.”

What's New in Payments

SoftBank to enter Japanese mobile payments market with Paytm technology and three years’ free processing offer

By Sarah Clark • 30 July 2018 • Updated 30 July 2018

SoftBank and Yahoo Japan JV to launch ‘PayPay’, barcode-based smartphone payment services in collaboration with India’s Paytm in the fall — SoftBank — “PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation, today announced that the company will launch ‘PayPay’ smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation will team up with India’s largest digital payment company Paytm, a SoftBank Vision Fund portfolio company, to utilize Paytm’s technology and expertise in mobile payments… The service will be free to affiliate stores for the first three years from its launch.”

What's New in Payments

Chase Pay links up with Samsung Pay to let cardholders pay with NFC and MST

By Sarah Clark • 30 July 2018 • Updated 30 July 2018

Chase Pay and Samsung Pay join forces — Samsung — “Chase Pay customers with compatible flagship Samsung Galaxy smartphones now have the option to link Chase Pay to Samsung Pay. This means that customers will now be able to use Samsung Pay’s Magnetic Secure Transmission (MST) technology, along with NFC, to pay with the Chase Pay app at millions of merchants in the United States by simply tapping the payment terminal.”

What's New in Payments

Stripe unveils DIY mobile and physical card issuing platform

By Sarah Clark • 27 July 2018 • Updated 27 July 2018

An API for creating cards and new business models — Stripe — “Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards… Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases. It includes support for Apple Pay and Google Pay, allows programmatic dispute handling, and provides real-time authorization hooks.”

What's New in Payments

Coles Supermarkets picks Rambus’ Unified Payment Platform to ‘revolutionise retail in Australia’

By Sarah Clark • 26 July 2018 • Updated 11 September 2023

A Coles supermarket

PARTNER NEWS: Australian supermarket giant Coles, one of the country’s largest retail groups, is to adopt Rambus’ Unified Payment Platform, an omnichannel commerce and payments solution that lets retailers offer a standalone or integrated mobile wallet application that supports credit cards, gift cards, loyalty points, coupons and receipts... More

NXP gets $2bn takeover breakup fee from Qualcomm

By Sarah Clark • 26 July 2018 • Updated 13 September 2018

NXP Semiconductors reports second quarter 2018 results — NXP — PARTNER NEWS — “NXP has received today notice from Qualcomm Incorporated that Qualcomm has terminated, effective immediately, the purchase agreement between NXP and an affiliate of Qualcomm following the inability to obtain the required approval for the transaction from the State Administration for Market Regulation (SAMR) of the People’s Republic of China prior to the end date stipulated by the parties under the purchase agreement. Qualcomm has notified NXP that it will pay the $2 billion in termination compensation by 9:00 am, New York City time, on July 26, 2018.”

What's New in Payments

Dutch bank lets consumers create a permanent, shareable personal payment link

By Sarah Clark • 26 July 2018 • Updated 26 July 2018

Bunq.me renewed — Bunq — “Bunq.me now gives any person using any European bank the ability to receive money. All using their own personal link. You can set it up once, then use it a gazillion times. No Bunq app required.”

What's New in Payments

Worldpay shows how delivery drones could make use of contactless payments

By Sarah Clark • 25 July 2018 • Updated 25 November 2022

Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”

What's New in Payments

Singapore Airlines rolls out blockchain digital wallet that lets customers spend loyalty points in retail stores

By Sarah Clark • 25 July 2018 • Updated 25 July 2018

KrisFlyer launches innovative miles-based digital wallet, KrisPay — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants… Members can easily turn their KrisFlyer miles into KrisPay miles using the app’s instant top-up function… To pay for purchases, members simply need to scan the KrisPay QR code at the merchant, and key in the amount they wish to pay with their KrisPay miles.”

What's New in Payments

eBay to add support for Apple Pay

By Sarah Clark • 25 July 2018 • Updated 25 July 2018

eBay to begin rolling out Apple Pay acceptance on its Marketplace platform this fall — eBay — “Earlier this year, eBay announced it will manage the end-to-end payments flow on its platform to further simplify and improve the buying and selling experience. The company is on track to start managing payments on a limited scale in the US early this fall, at which time buyers will be able to use Apple Pay to purchase items from sellers participating in the initial phase of the new payments experience.”

What's New in Payments

SoftBank and Paytm to launch mobile payments service in Japan?

By Sarah Clark • 25 July 2018 • Updated 25 July 2018

SoftBank plans payments service for Japan by year-end — Bloomberg — “The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services, the people said, asking to not be identified as the plans are private. An announcement is imminent, they said. Dozens of Paytm employees are working in Tokyo on getting the service up and running, one of the people said.”

What's New in Payments

Snapchat to close down its Snapcash P2P payments service

By Sarah Clark • 24 July 2018 • Updated 24 July 2018

Snapchat will shut down Snapcash, forfeiting to Venmo — Techcrunch — “Snapchat will abandon the peer-to-peer payment space on August 30th… Shutting down the feature will bring an end to Snapchat’s four-year partnership with Square to power the feature for sending people money.”

What's New in Payments

Baseball fans can now use Apple’s Messages app to order and pay for food and drink from their seats

By Sarah Clark • 24 July 2018 • Updated 13 March 2023

Philadelphia Phillies and Aramark launch Apple Business Chat at Citizens Bank Park — Aramark — “With the ease of a text message, Philadelphia Phillies fans can now order beverages using their iPhone without missing a minute of on-field baseball action… Fans in designated sections of Citizens Bank Park will be able to use Apple Business Chat to place orders using their iPhone’s Messages app to have the menu items delivered directly to their seats, as part of a ground-breaking pilot program.”