Shake Shack first quarter 2018 earnings call — Shake Shack — “Some of the things we’ve clearly seen is that our guests do often want to pay with cash. In the first rollout at Astor Place, we did not accept cash at all. And there are people who have told us very clearly, ‘We want to pay with cash’. So in this next phase, we’re going to go ahead and have cashiers as well as kiosks.”
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Samsung Pay adds online payments in the UAE
Samsung Pay launches UAE online payments option — Arabian Business — “One year after it was first launched in the UAE, Samsung’s mobile payment service ‘Samsung Pay’ has been made available for online payments. Up until now, the payment service was limited to in-store retail payments, but the new launch will also [allow] users of the service to pay for goods online.”
Microsoft to add payments to Outlook
Conversations become actions in Outlook — Microsoft — “We will soon be introducing payments in Outlook to help users to pay bills or invoices, right in email, without needing to switch to another app or service. Powered by Microsoft Pay, payments in Outlook is a fast and secure way to pay from within email. To start, it will be supported by a number of payment processors including Stripe and Braintree, billing services including Zuora, and invoicing services including FreshBooks, Intuit, Invoice2Go, Sage, Wave, and Xero.”
Deutsche Bank to let airlines collect payments direct from customers’ bank accounts
Deutsche Bank pilots game-changing payments solution with IATA — Deutsche Bank — “Deutsche Bank will collect customer payments directly from consumer accounts in line with the newly revised EU Payments Services Directive, PSD2. Currently, payments are mainly processed via credit and debit transactions… With direct payments being processed and received in near-real time, IATA’s member airlines will benefit from the acceleration of their funds. This will generate significant working capital and liquidity benefits — reducing days sales outstanding and the cost of funding for these airlines.”
White paper sets out how Trusted Execution Environments can be used to secure mobile payments, loyalty, credentials and more
A new white paper that looks in-depth at Trusted Execution Environment (TEE) technology, the architecture and principles underpinning its operation and how it can be used to secure a variety of mobile wallet and IoT applications is now available to download free of charge from the NFC World Knowledge Centre... More
Google Pay begins to roll out on the web
5 ways Google Pay can save you time and money at checkout — Google — “We’re starting to roll out Google Pay on the web from desktop and iOS — which means you’ll start seeing it when you’re shopping on browsers like Chrome, Safari, and Firefox, no matter your device… Once you’ve added a card to Google Pay, you won’t need to enter your payment info again — even when you’re checking out in an app or on a site for the first time. And if you’re checking out on Chrome, Google Pay can automatically fill in your billing, shipping, and payment info, so you don’t have to bother with forms.”
Amazon to offer discounts to merchants that sign up for Amazon Pay
Amazon offers retailers discounts to adopt payment system — Bloomberg — “Amazon.com Inc is offering to pass along the discounts it gets on credit card fees to other retailers if they use its online payments service, according to people with knowledge of the matter, in a new threat to PayPal Holdings Inc and card-issuing banks. The move shows Amazon is willing to sacrifice the profitability of its payments system to spread its use.”
Mastercard CEO: Single buy button to start rolling out at the end of this year
Q1 2018 Mastercard Inc earnings conference call — Mastercard — “I’m a big supporter of the single checkout button. I think it’s transformative for the industry as a whole, for the ecosystem… Somewhere over the course of the latter part of this year, you’ll begin to see the first aspects of this coming out into the marketplace. You’ll probably see a real push in the early part of next year.”
Apple Pay to go live in Norway, Poland and Ukraine as transit ticketing drives consumer adoption
Apple financial results conference call Q2 2018 — Apple — “We believe the availability of Apple Pay at major transit systems have been a key driver of adoption among commuters… Apple Pay is already the most successful mobile transit payment system in Tokyo, which has the busiest transit system of all. With the launch of Brazil in April, Apple Pay is now available in 21 markets and we expect Norway, Poland and Ukraine to launch in the next several months.”
ANZ reports 156% increase in mobile payment volumes
ANZ sees dramatic uptake in digital wallet payments — iTnews — “ANZ Bank customers made almost A$600 million in mobile payments during the first half of fiscal year 2018… Customers completed more than 18.5m mobile payment transactions in the half, an increase of 156% on the previous corresponding period. ANZ said the transactions were made from mobile wallet services from Apple, Samsung, Google, Fitbit and Garmin, as well as the bank’s own Mobile Pay service.”
GlobalPlatform adds biometric security APIs
GlobalPlatform secures biometric authentication and enriches trusted user interaction — GlobalPlatform — “These new APIs enable trusted applications to leverage the device’s biometric sensors, while staying fully isolated from the device OS… Service providers and application developers now have a direct path to provide users with a richer and safer authentication experience and, importantly, to offer trusted biometric authentication that is secured in the hardware of the device’s Trusted Execution Environment (TEE).”
Mastercard to let cardholders self-enrol on biometric payment cards
Mastercard pioneers remote biometric card enrolment — Mastercard — “Through significant research and development, a revolutionary battery-powered sleeve will now let people self-enrol their contact or contactless biometric card. Their fingerprint is scanned by the sensor on the card and an encrypted digital template is created and securely stored… ‘Now we have a sleeve to register fingerprints so people don’t have to make a trip to a bank branch.'”
US consumers report growing dissatisfaction with mobile payments services
34% of those eligible are using mobile payments, but few would recommend them — Auriemma Consulting Group — “Problems at the point of sale can prevent even the most enthusiastic Pay users from developing the habit of paying with their mobile device. This, in turn, lessens the opportunity and likelihood for recommending the service. In fact, 42% of mobile payment users wouldn’t recommend the service, up 11 points compared to last year (31%).”
Safaricom to launch messaging service that leverages M-Pesa for payments
One of the world’s biggest mobile money services wants to become a social network — Quartz — “The messaging service, known as Bonga (which means “to chat” in colloquial Swahili), was partially launched on April 26, in closed beta testing for select users on Android devices, according to documents seen by Quartz. The app will allow users to review their balance on M-Pesa, besides letting customers transact money without leaving the platform.”
PayPal patents augmented reality payments system
PayPal has an idea for augmented reality payment glasses — here’s how it could work — CNBC — “The software as imagined could overlay product information and purchasing options onto physical objects, according to the patent — originally filed in 2016 but extended earlier this week. A shopper looking at an item on the storefront shelves would see a hovering, virtual description including price, payment options and return policy. The glasses could also walk shoppers through the steps to purchase items online, with vendor and purchaser information already stored in the system.”
Barclays signs digital and mobile payments deal with PayPal
Barclays and PayPal announce industry leading partnership — Barclays — “Consumers are expected to benefit from a raft of new features that will make it even easier to manage their PayPal account in Barclays digital channels, and to use their Barclays products in their PayPal digital wallet… PayPal and Barclays will explore unique ways to connect Pingit and PayPal to improve how customers can move and manage their money. The partnership will also explore opportunities for US consumers to redeem Barclays reward points at businesses that accept PayPal worldwide.”
Beijing Metro begins accepting QR code mobile tickets at turnstiles
QR code smartphone tickets available for subway — China.org.cn — “Travellers in Beijing can now use a QR code on their smartphone as a ticket to ride the subway… Passengers can download an app called RuubyPay that generates a QR code ticket that can be read using a scanner built into the subway turnstiles. The QR code scanning app can be used on any smartphone running iOS or Android that is connected to the internet, according to Sina.com. Tickets can be paid for using a linked bank, Alipay, or JD Finance account.”
Paytm introduces NFC payments in India
Paytm Tap Card launched, allows offline payments in less than a second — NDTV — “There are a large number of people who at times do not have access to the internet or they have a limited daily budget so they shy away from using online payments. For them, we offer the Paytm Tap Card to enable seamless offline payments. For ensuring a wider acceptance, we are also reaching out to the merchants and are actively enabling them with NFC POS terminals to accept payments.”
Ingenico and USA Technologies team up to bring contactless payments to unattended retail locations
Ingenico Group and USA Technologies announce a three year strategic alliance agreement — USA Technologies — PARTNER NEWS — “Through the Alliance Agreement, both companies will partner to pursue the unattended retail marketplace with a bundled solution that pairs Ingenico Group’s innovative hardware, software, security and services solutions portfolio with USAT’s comprehensive ePort Connect services platform specifically designed for the unattended retail market.”
Chinese consumers made over 275bn mobile payments in 2017
China’s mobile payment posts robust growth in 2017 — Xinhua — “Domestic commercial banks handled over 37.5bn mobile payment transactions last year, up 46.06% year on year, according to the report from the Payment & Clearing Association of China. Non-banking payment institutions handled over 239bn mobile payment transactions, surging more than 146%.”