A project enabling mobile money transfers to take place at the point of sale in areas of less-developed countries with poor or no mobile network coverage has been unveiled, by removing the reliance on SMS messaging, and, instead, allowing two people to conduct a payment by copying short authentication codes between their phones... More
Archive: Newswire
Criminals reported to have used NFC mobile phones in Tesco Bank attack
UPDATE The criminals behind a Tesco Bank attack used NFC mobile phones to launder money stolen during a theft that saw about 9,000 customers affected by fraudulent transactions worth an estimated £2.5m (US$3.1m), according to a report in The Sunday Times... More
Optus adds smart coffee cup to contactless payments range
Australian mobile network operator Optus has updated its range of contactless payment accessories to include a SmartCup — a coffee cup that includes the new Optus Pay PayTag in its base allowing consumers to make contactless payments up to US$100 at any payment terminal that accepts Visa PayWave... More
UK bank to extend trial of behavioural biometrics security
UK bank Natwest has trialled a behavioural biometrics system designed to offer continuous authentication throughout an online banking session, using more than 500 behaviour patterns to identify users and prevent fraud from unauthorised logins and automated attacks... More
Android Pay launches in Poland
Android Pay has begun rolling out across Poland, allowing consumers with compatible devices to make payments at more than 400,000 retail locations in the country that accept contactless payments... More
NFC Forum calls on manufacturers to join NFC Tag Certification Program
The NFC Forum is calling on NFC tag manufacturers to join its new Tag Certification Program, which aims to provide global standards of interoperability with NFC-enabled mobile devices, as well as establishing tag compliance with the NFC Forum’s technical specifications... More
Finland to get multi-bank P2P mobile payments platform
Finnish consumers will be able to make P2P mobile payments using a mobile phone number from March 2017 through Siirto, a new platform unveiled by ATM operator Automatia — a company owned by three of the country’s banks including OP Bank Group, Nordea Bank and Danske Bank... More
16m NFC-ready POS terminals worldwide in 2016
Annual shipments of NFC-ready POS terminals are anticipated to reach an estimated 16.1m units worldwide this year, Berg Insight reveals, with more than 90% of new units shipped across Europe and North America supporting the technology... More
RBL Bank brings Masterpass QR mobile payments to India
Customers of India’s RBL Bank can now make QR code-based mobile payments using Mastercard’s Masterpass QR mobile payments solution, which has been integrated as a payment option within the bank’s OnGo mobile wallet... More
UK bank celebrates blockchain contactless payments trial
Metro Bank in the UK has successfully trialled a blockchain retail payment system, allowing consumers to make purchases from merchants equipped with contactless terminals, with merchant and consumer balances updated in real time... More
Mobile payments to become ‘de-facto payment mode’ in India after banknote change
Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Facebook update brings tokenization to Messenger payments
Facebook has introduced a payments update to its Messenger platform that will allow US businesses who are not integrated with Stripe or PayPal to process payments within both messages and webview using tokenization technology... More
Apple Pay rolls out support for charity donations
Apple Pay users can now make charitable donations to nonprofit organisations by clicking on a Donate with Apple Pay button found at the checkout of supporting mobile apps and websites... More
Samsung Pay to launch Samsung Rewards programme in the US
Samsung Pay is to launch a rewards programme in the US this week that will let users earn points for each purchase, which can be redeemed for items such as gift cards at participating stores, prepaid Samsung Rewards Visa gift cards, Samsung products “and more”, the company says... More
Apple’s NFC restriction hits mobile payments innovation, Australian banks claim
The group of Australian banks taking on Apple over access to the NFC technology within iPhone handsets says the restriction is not only preventing the introduction of mobile wallet services across multiple platforms but also proving detrimental to continued investment into mobile payment apps... More
Visa and BioConnect work to enable multiple biometrics on mobile apps
Visa is working with biometric identity platform provider BioConnect to enable multiple methods of biometric authentication through a single mobile app... More
Fashion brand adds NFC and blockchain for authentic personal clothing
Fashion brand Babyghost has partnered with Chinese blockchain-as-a-service company BitSE and its VeChain project to deliver a range of clothes incorporating NFC tags and verified using blockchain technology... More
Banks ‘must consider human weakness’ to improve mobile banking security, report says
Banks must consider the weakness of their own consumers’ behaviours and avoid being distracted by technical vulnerabilities when it comes to improving the security of mobile banking and payments systems, a report by Mobey Forum says... More
NFC World webinar to share real-world lessons from HCE mobile payments pilot
NFC World will host a free webinar on Thursday 8 December to provide insight into the lessons learned from a real-world implementation of a host card emulation (HCE) mobile payments service that makes use of Visa and Mastercard’s cloud-based payment standards... More