SiriusXM to offer Visa in-car payments to US auto makers

Visa and SiriusXM team up to fast track the future of in-vehicle commerce — Sirius XM Holdings — “The SiriusXM e-wallet is being designed to integrate into the dashboard and will allow drivers and their passengers to complete and make purchases for everyday tasks on-the-go: shop and pay for coffee, find and pre-pay for gas, locate and pay for parking, purchase movie tickets, seamlessly pay tolls, and more. Users will activate and authenticate payment with their Visa account using biometric authentication, like voice and touchscreen commands, to eliminate driver distractions during the transaction.”


UK police report increase in contactless card fraud

Surge in contactless card fraud — stealing £1.8m in 10 months — Evening Standard — “Action Fraud, the national reporting centre for fraud and cybercrime, said that in 10 months last year there were 2,739 reports of contactless fraud, totalling almost £1.8m (US$2.3m) — up from 1,440 cases worth £711,000 (US$909,000) in the same period in 2017… Average losses investigated by detectives were between £90 (US$115) and £652 (US$833) but the largest single contactless case reached £400,000 (US$511,000), stemming from multiple purchases.”


Chinese mobile payment users set to double by 2023

Mobile payments market in China is expected to witness three-fold growth with doubling of active mobile payment users by 2023 — Frost & Sullivan — “The market of mobile payments services in China is expected to grow at a compound annual growth rate (CAGR) of 21.8% from 2017 to 2023, growing three-fold from US$29.93 trillion to US$96.73 trillion. The total number of active mobile payment customers is expected to reach 956 million by 2023 from 562 million in 2017 which will attract additional investments from mobile payments market participants.”


Mastercard to drop its name from its logo

Mastercard evolves its brand mark by dropping its name — Mastercard — “Mastercard today announced that it is dropping its name from its iconic brand mark in select contexts. The interlocking red and yellow circles, referred to as the Mastercard Symbol, will now stand on its own across cards using the red and yellow brand mark, acceptance marks at retail locations both in the physical and digital worlds, and major sponsorship properties… The flexible modern design will allow it to work seamlessly across the digital landscape.”


Google adds a payments license in Ireland

Google gets go-ahead from Central Bank for payments — The Irish Times — “Google has been authorised as a payment institution in the Republic, paving the way for the technology giant to begin providing new financial services to consumers and businesses both here and further afield. The Central Bank granted authorisation to Google Payment Ireland under the second Payment Services Directive (PSD2) regulation on Christmas Eve. Having obtained authorisation, the company will be allowed to issue and acquire payments across the European Union under passporting rights.”


JCB begins EMV QR mobile payments rollout

JCB launches QR code payment in the Asian region — JCB — “Bank SinoPac in Taiwan and Sacombank in Vietnam became the first banks to offer the JCB QR Code Payment service. SinoPac will start the service full scale at merchants who used to accept only cash such as fish markets, flower markets and taxis in January 2019… Sacombank has just announced its new mobile banking app ‘Sacombank Pay’, for which their JCB cardmember can choose JCB Card as a source of funds.”


National Bank of Oman lets customers pay with points at the POS

National Bank of Oman customers can now shop with Nuqati points — Albawaba — “Customers can now use their Nuqati points at a wide selection of shops to buy items ranging from coffee to groceries to electronics… Customers can redeem points online, through the NBO mobile app or in-store. After entering their PIN or tapping their contactless payment cards, customers will have the option of choosing to pay in Omani rials or Nuqati points.”


Dubai bank adds cardless cash withdrawals to mobile banking app

Emirates Islamic launches cardless cash withdrawal feature via its mobile banking app — Zawya — “Customers can now initiate the cash withdrawal from the bank’s mobile banking app and the funds can then be withdrawn from any Emirates Islamic ATM without using a debit or credit card. This innovative service also allows the bank’s customers to make transfers to recipients using only their mobile phone number. Beneficiaries will receive an SMS with a one-time PIN to withdraw the amount transferred from the closest Emirates Islamic ATM.”


Honda teams up with Phillips 66 to let drivers pay for fuel from their vehicles

Phillips 66 Company collaborates with Honda Developer Studio to offer in-vehicle fuel payment — Phillips 66 — “Phillips 66 is collaborating with Honda Developer Studio to develop in-vehicle fuel payment integration that allows Honda vehicle owners to reserve a pump and pay for fuel at Phillips 66, 76 and Conoco branded locations through their in-dash infotainment system.”


Didi Chuxing expands into financial services

Chinese ride-hailing giant Didi Chuxing enters financial services amid profit push — South China Morning Post — “The new offering, which Didi introduced on Wednesday, includes mutual protection and crowdfunding products for critical illnesses, credit and lending, wealth management and auto-financing services… Didi’s foray into financial services is part of its effort to build a ‘more connected ecosystem’ with reliable and competitive services, according to a company spokesman.”


Google gets an EU electronic money institution license

Google granted an electronic money institution licence in Lithuania — Bank of Lithuania — “Having secured an electronic money institution licence, the company will be able to issue electronic money and provide payment services to ensure smooth operation of its marketplaces across Europe, alongside working on other payment services for consumers within the European Economic Area, including Lithuania.”


Mizuho signs up sixty banks for J Coin cryptocurrency payments launch

Mizuho to launch digital currency to promote cashless payments in March — Nikkei Asian Review — “Japan’s Mizuho Financial Group plans to introduce a proprietary digital currency that can be used for shopping and remitted at no cost… To make use of the currency, users will download a dedicated app on their smartphone. Payments will be made using QR codes… Regional banks will be able to provide the same service under the same, yet-to-be-named brand to their customers.”


Rambus to provide multimodal NFC ticketing solution to South Yorkshire’s bus, tram and train operators

South Yorkshire TravelMaster selects Rambus to deliver innovative e-commerce ticketing system — Rambus — PARTNER NEWS — “The solution will allow customers to purchase a range of flexible multi-operator tickets, valid on any bus, tram or train throughout South Yorkshire, online and in-advance through a retail portal on the TravelMaster website. These tickets can then be loaded onto a smart card via on-vehicle ticketing machines or through NFC-enabled and compatible smart phones.”


Tencent connects car registrations to WeChat Pay for pay-by-plate parking at 1,000 Chinese shopping malls

WeChat Pay launches auto scan-and-pay for parking in China’s shopping malls — South China Morning Post — “To be part of this system, car owners must register their plate numbers under their WeChat Pay accounts. Their plates are scanned by specially set-up cameras located at the exit points of car parking sites. The artificial intelligence-based system automatically matches the captured image of the plate number with a database of WeChat Pay users to determine the corresponding account and settle the parking fees.”





Softbank-backed PayPay to update mobile payments app ‘after wrongful charge complaints’

Japan’s PayPay to update app after wrongful charge complaints — Bloomberg — “An unspecified number of customers called in and e-mailed to report charges on their bills that they didn’t recognize, according to PayPay spokesman Fumihiro Ito. Several consumers say they hadn’t even installed the app but their credit cards were billed for purchases they didn’t make… PayPay triggered a shopping frenzy earlier this month by promising to give users 10bn yen (US$88m) in rebates from their purchases.”


7-Eleven to open unmanned convenience stores in Japan

7-Eleven opens trial store in Tokyo using facial recognition payment system — The Mainichi — “Convenience store giant Seven-Eleven Japan Co launched a trial 7-Eleven store with a self-checkout system using facial recognition technology here on Dec 17 as it aims to promote labour-saving measures and introduce cashless payments amid concerns of labour shortages… Seven-Eleven Japan Co plans to install the system at small-scale 7-Eleven outlets, such as those inside office buildings, making it the first convenience store chain of its kind in Japan.”


Hyundai to let drivers unlock cars with their fingerprint

Hyundai Motor develops biometrics to open, lock and start car engine — Pulse — “The company claimed its system is the first of its kind in the world. It said there have already been fingerprint verification systems for starting the engine but applying the technology to open the door has remained a challenge. It said its fingerprint system was fortified to withstand harsh weather conditions like scorching sunlight and strong snowstorm, ensuring secure operation of its fingerprint door-locking system.”