Singapore banks to allow cellphone numbers for transfers — Nikkei Asian Review — “Customers will be able to send money instantly by supplying recipients’ mobile numbers linked to their bank accounts… The ABS aims to expand the service to include transactions between retail customers and businesses next year.”
Author archive:
NXP, Shanghai Unicom and Roam2Free collaborate to develop secure eSIM solution
NXP, Shanghai Unicom and Roam2Free collaborate to develop secure eSIM solution — NXP — PARTNER NEWS — “Complete solution combines mobile payment and ticketing with GSMA-compliant remote SIM activation for consumers to quickly add mobile subscriptions and cellular networks to their smartphones for better coverage and when traveling abroad”
Mastercard launches several new APIs for developers
Mastercard launches several new APIs for developers — Mastercard — “The enhanced suite of APIs includes new offerings focused on Masterpass QR, spend alerts and controls, Qkr! with Masterpass and chatbot solutions.”
Apple makes NFC tag reading available for beta testing
Members of the general public who sign up for the Apple Beta Software Program can now download a pre-release edition of iOS 11, the latest version of Apple’s operating system for iPhone and iPad which brings with it support for NFC tag reading... More
Sydney man has Opal card implanted into hand to make catching public transport easier
Sydney man has Opal card implanted into hand to make catching public transport easier — ABC News — “Bio-hacker Meow-Ludo Disco Gamma Meow-Meow, his legal name, had the Opal near-field communication (NFC) chip cut down and encased in bio-compatible plastic, measuring 1 millimetre by 6 millimetres. He then had the device implanted just beneath the skin on the side of his left hand. “It gives me an ability that not everyone else has, so if someone stole my wallet I could still get home,” he said.”
Beijing subway launches smartphone version of travel card
Beijing subway launches smartphone version of travel card — ECNS — “Starting Monday, subway travelers in the Chinese capital with NFC-enabled phones can leave their physical travel card at home and use their smartphone instead, Beijing Municipal Administration and Communications Card (BMAC) said… Beijing subway said the mobile pass function does not support iPhone because of Apple’s restrictions.”
Harris Poll: PayPal leads mobile payment brands, yet up-and-comers making brand equity gains
Harris Poll: PayPal leads mobile payment brands, yet up-and-comers making brand equity gains — The Harris Poll — “PayPal — followed closely by Amazon brands — retains its Brand of the Year designation, leading mobile payment brands for the third consecutive year. However, up-and-coming brands Venmo (owned by PayPal), Square, and Apple Pay are making significant gains, according to new research from The Harris Poll’s 29th annual EquiTrend Study.”
MTN Benin and Youtap launch MoMoPay contactless payments for MTN Benin Mobile Money customers
MTN Benin and Youtap launch MoMoPay contactless payments for MTN Benin Mobile Money customers — Youtap — “An innovative feature of MoMoPay is the ability for users to make payments and receive small change (rendu monnaie) from merchants directly into their MTN Mobile Money accounts, solving the problem of giving small change back to customers that many merchants face today.”
Mastercard and Western Union explore digital model for refugee camps
Mastercard and Western Union explore digital model for refugee camps — Mastercard — “Mastercard and Western Union examined the needs, challenges and opportunities for refugees and their host communities at two settlement camps in northwestern Kenya. The findings have led to the development of Smart Communities: Using Digital Technology to Create Sustainable Refugee Economies, a blueprint that would combine digital access to remittances, banking, education, healthcare and other basic needs.”
Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud
Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud — Feedzai — “‘Fraud mitigation tools have not kept pace with today’s mobile-enabled, always-connected consumers,’ said Gilead Kehat EVP human resources and staff of Leumi Card, ‘Feedzai’s agile machine learning platform helps predict and prevent fraud before it impacts our customers.’”
New BBVA Wallet release provides enhanced functionality and convenience
New BBVA Wallet release provides enhanced functionality and convenience — BBVA Compass — “MLC uses geolocation information being transmitted by a customer’s mobile device as a means of approving debit card transactions for customers when they travel. When a customer enrolls in MLC, the bank is able to know at the time of purchase whether the cardholder’s device is nearby.”
OTP Bank launches contactless mobile payment
OTP Bank launches contactless mobile payment — Budapest Business Journal — “Hungaryʼs OTP Bank today launched its contactless mobile payment solution, which has been implemented into its Simple mobile application… ‘As of today, Simple makes contactless payment with mobiles available for millions of OTP clients, without having to contact the bank or mobile service providers’.”
Retailers to lose $71 billion in card-not-present fraud over the next five years
Retailers to lose $71 billion in card-not-present fraud over the next five years — Juniper Research — “The research predicted that three key battlegrounds would emerge in the fight against fraud in 2018. It cited machine learning as a key tool in identifying genuine users, while the shift to mobile ecommerce would rely on 3DS 2.0 and biometrics.”
Chinese satellite relays a quantum signal between cities
Chinese satellite relays a quantum signal between cities — Wired — “This experiment was a crucial test for a budding technology called quantum cryptography, which uses quantum particles like photons to send secure information… Researchers like Lu and his colleagues think quantum cryptography could be the encryption tool of the future.”
Worldwide spending on the Internet of Things forecast to reach nearly $1.4 trillion in 2021
Worldwide spending on the Internet of Things forecast to reach nearly $1.4 trillion in 2021 — IDC — “A new update to the International Data Corporation (IDC) Worldwide Semiannual Internet of Things Spending Guide forecasts worldwide spending on the Internet of Things (IoT) to grow 16.7% year over year in 2017, reaching just over $800 billion. By 2021, global IoT spending is expected to total nearly $1.4 trillion.”
Cuscal partners with Samsung Pay
Cuscal partners with Samsung Pay — Cuscal — “Samsung Electronics Australia today announced a partnership with Cuscal, Australia’s leading independent provider of payment solutions that will enable 38 financial institutions to offer Samsung Pay… Cuscal joins Westpac, Citibank and American Express as Samsung Pay partners.”
Android Pay to debut in August in Korea
Android Pay to debut in August in Korea — Business Korea — “At present, every one of the eight credit card companies in the country is discussing a joint Android Pay service with Google.”
Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques
Emirates Islamic is first Islamic bank to integrate blockchain technology into cheques — Emirates Islamic — “Emirates Islamic will issue new cheque books carrying a unique QR (Quick Response) code on every leaf, along with a string of 20 random characters… In the next phase of the Cheque Chain project, the bank will have each cheque leaf registered on the Bank’s blockchain platform enabling it to validate the authenticity of the cheque at source.”
KT introduces ‘mother of all credit cards’
KT introduces ‘mother of all credit cards’ — Korea Herald — “Dubbed ‘Clip Card’ the device looks like credit and debit cards issued by financial institutions, but it has a 1.3-inch display on the surface of the card that enables users to register all their cards, which are displayed in barcodes… The KT platform is compatible with all types of credit cards regardless of card companies and financial institutions, and with any operating systems.”
WorldRemit adds Android Pay as secure option for migrant remittances
WorldRemit adds Android Pay as secure option for migrant remittances — Reuters — “Cross-border money transfer service WorldRemit is enabling its immigrant customer base to send money home using Android Pay, making it the first international remittance firm to run on the Google payments system.”