UK convenience store chain One Stop is introducing Eagle Eye’s AIR technology in all of its 700-plus stores to issue real-time, personalised offers to customers via SMS and email that can be redeemed in-store on a mobile device... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
KakaoTalk to add payments
Korean mobile messaging service Kakao is to launch a new payment solution in September, in collaboration with nine credit card firms, that will let its 100 million KakaoTalk customers make payments using only their password... More
UK contactless transactions surge
The number of UK contactless payments has risen 18% in just one month to almost 20 million transactions in May 2014, Visa Europe has revealed... More
GSMA publishes mobile money paper
The GSMA has published a discussion paper on how increased smartphone adoption in the developing world will impact the global mobile money industry... More
Analysts report on Apple/Visa partnership
“We think a partnership between Apple and Visa would make strategic sense and believe an announcement could happen as early as this fall,” a team of Pacific Crest Securities analysts has concluded in a new report that follows reports suggesting that two are in talks on mobile payments... More
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US merchant groups call for creation of open tokenization standards
Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry. More
Facebook closes gifts business
Facebook is to close down its gifts service on August 12, Techcrunch reports... More
Amazon Wallet teams up with Blackhawk
Amazon is working with prepaid specialist Blackhawk Network on its new Amazon Wallet service, which lets Android and Fire users store gift cards and loyalty cards on their mobile phone... More
Square unveils EMV card reader
Mobile POS provider Square is to introduce a new card reader that can be used to process both EMV chip card and magnetic stripe card payments... More
American Express tests HCE for NFC payments
American Express is working with Croatia’s Privredna Banka Zagreb (PBZ), part of the Italy-based Intesa Sanpaolo banking group, to pilot an NFC payments service that makes use of host card emulation (HCE) technology. More
Interest in mobile payments grows
Some 53% of consumers globally report they have either used or are interested in redeeming offers and coupons with their phones, while 44% have used or are interested using their mobile device to pay for things in stores and restaurants, according to new research from Ovum... More
Zuckerberg: Facebook is working on payments but it will take time to get it right
Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its messaging business — but the company won’t rush into the market and expects to take several years to fully develop its offering. More
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Starbucks now processes six million mobile payments a week
Coffee chain giant Starbucks now has 12 million active users of its mobile app in the US and Canada alone. Customers make six million mobile payments a week — representing more than 15% of all transactions in its US stores — and the company is pursuing a range of opportunities to expand the potential of its mobile payments platform, CEO Howard Schultz has revealed. More
Amazon to enter mPOS market?
An Amazon Card Reader will be available from next month costing US$9.99, according to internal documents from office supplies retailer Staples obtained by 9to5Mac... More
PayPal goes Dutch on mobile payments
PayPal has partnered with MyOrder, the mobile ordering and payment system backed by the Netherlands’ Rabobank, to let customers “order and pay for food or drinks ahead of arriving at a cafe; to pay at the table in a restaurant without calling over the waiter, or pay for parking without searching for the closest meter”... More
Square adds actions to POS transactions
“Square Register’s sales, refund and settlement data can now all be used as triggers for IFTTT recipes,” GigaOm reports... More
Visa invests in LoopPay
Visa has invested an undisclosed sum in Magnetic Secure Transmission (MST) inventor LoopPay... More
Waitrose showcases QR payments
Upmarket UK supermarket chain Waitrose has shown off a proof-of-concept mobile shopping service, based on Ensygnia’s Onescan technology, that “allows customers to complete a payment in-store using a mobile phone app, completing a purchase direct from any iPad screen in the store, without the need to head to the till point”... More
Korean banks accelerate mobile wallet plans
Korea’s banks are making a renewed push on mobile payments in the face of increasing competition from outside the financial services sector, Korea Bizwire reports, citing Hana Bank’s ‘Hana N Wallet’, Industrial Bank of Korea’s ‘IBK One Money’, and Shinhan Bank’s ‘Zoo Money’ and ‘My Shinhan Pay’ services... More
Consumers shop more on smartphones
“Nearly all mobile payments growth on Adyen’s platform in Q2 originated from smartphones,” the payments processor’s latest global Mobile Payments Index has found... More