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    Archive: News in brief

    Bank of Korea signs up retailers for coinless society trial

    April 20th, 2017

    The Bank of Korea (BOK) has signed up retailers including CU, 7-Eleven, E-Mart, Lotte Mart and Lotte Department Store to begin trialling a service that will give customers change in the form of a top-up to a prepaid card. “Cha Hyeon-jin, an official handling the issue at the BOK, said no decision has been made yet on whether the pilot project could eventually lead to a cashless society, but he predicted that there is a good chance that such a development may be possible down the road,” Korea Times reports.

    Kiwi millennials want biometrics for payments

    April 19th, 2017

    Some 62% of New Zealand’s millennials would like to use a fingerprint or retina scan to make payments, viewing biometrics as “secure and convenient and having the cool factor”, research released by Visa reveals. “61% say they already use their smartphone to pay for everyday items,” the payment network adds.

    Zelle processed 170m P2P payments in 2016

    April 19th, 2017

    Banks offering Early Warning’s Zelle P2P payments platform processed more than 170m P2P payments in 2016, totalling US$55bn in aggregate transaction value. The network now includes 20 banks and credit unions and is “poised to reach an estimated 85m consumers in the US through the mobile banking apps of its participating institutions,” Early Warning says. The Zelle brand was unveiled in October last year and has been built on the foundation of the ClearXChange network.

    Meet NFC World partners at Seamless Asia

    April 19th, 2017

    PARTNER NEWS: Antelop Solutions and Rambus will be exhibiting at the Seamless Asia expo in Singapore from 19 to 20 April. Antelop can be found in booth J18 where the company will be showcasing its Mastercard and Visa certified host card emulation (HCE) solution for banks. Rambus will be exhibiting at booth J10 and will be hosting a live demonstration of its Unified Payments Platform for retailers. NXP will also be present at the event as a workshop sponsor.

    PayPal heads in-store with Android Pay and Wells Fargo

    April 18th, 2017

    Android Pay users across the US will soon be able to make in-store, in-app and online payments using their PayPal account. “People in the US can simply link their PayPal account to use with Android Pay,” Google’s Pali Bhat writes in a blog post. PayPal has also announced a partnership with Wells Fargo that will enable the bank’s customers to add their debit and credit cards to PayPal for in-store NFC mobile payments.

    Square to launch physical debit card?

    April 18th, 2017

    mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode. The move would follow the launch of a virtual Square Cash card in December 2016 that lets users make payments using their Square Cash balance anywhere Apple Pay is accepted. “Square may end up incentivising Square Cash users to spend their money at Square brick-and-mortar merchants, since the company would make money from both sides of those transactions,” the publication reports.

    LG Pay to get facial recognition technology?

    April 13th, 2017

    LG plans to add facial recognition technology to its LG Pay mobile payments platform, according to The Investor. “After negotiations and a series of tests, the software will likely be deployed in the G6 as early as June when the tech giant is expected to start its mobile payment system LG Pay,” the publication reports. LG Pay was unveiled in March 2017, and will make use of Wireless Magnetic Communication (WMC) technology supplied by Dynamics.

    Samsung Pay to launch in Ireland after UK?

    April 11th, 2017

    Samsung Pay is to launch in Ireland later this year, following its expected launch in the UK this summer, according to The Irish Times. “There are no indications which banks will take up the technology,” the newspaper reports. “All the banks are very supportive, but we need to make sure it’s lined up and we have all the partners integrated that we need,” says Samsung’s vice president of mobile for UK and Ireland Conor Pierce.

    Westpac adds Samsung Pay in Australia

    April 11th, 2017

    Westpac has become the first of Australia’s big four banks to begin supporting Samsung Pay, taking the service to “millions of Westpac Mastercard and Visa debit and credit cardholders” following its launch in the country with support from American Express and Citibank in June 2016. Westpac added support for Android Pay in December 2016 and was one of four banks that were recently denied access to the NFC technology in Apple iPhones by the Australian Competition and Consumer Commission (ACCC).

    White paper gives insight into successful ID verification deployment

    April 10th, 2017

    A six-page white paper that aims to educate mobile network operators on implementing successful in-store ID verification solutions is now available to download from the NFC World Knowledge Centre. ‘Five factors for quick and effective ID verification deployment’ has been produced and sponsored by Gemalto and explores the challenges ID verification brings, as well as identifying the key factors for its successful deployment and providing an in-depth look at how Gemalto’s ID verification solution works.

    Westpac claims ACCC ruling “stifles innovation”

    April 10th, 2017

    The Australian Competition and Consumer Commission’s (ACCC) decision to rule against a group of banks seeking access to the NFC technology within Apple’s iPhones “stifles innovation” from the banks and other players in the market, according to Westpac’s Dave Curran. “Phones are platforms and to say that NFC isn’t open doesn’t make sense to me as a CIO of a bank,” The Australian reports Curran as saying. “It needs to be open so we can innovate on it.”

    ANZ raises mobile transaction limit with voice authentication

    April 10th, 2017

    Customers of Australia’s ANZ bank will soon be able to make higher value transactions on their mobile devices by authenticating the payment using their voice. “Previously customers needed to use internet banking or visit a branch to complete transactions of more than $1000,” ANZ says. The bank is using technology supplied by Nuance to enable the feature, which will be trialled by ANZ employees in May, with a wider rollout planned “from the middle of this year”.

    Apple Pay gets positive start in Taiwan

    April 10th, 2017

    Some 415,000 cards were registered to Apple Pay two days after it launched in Taiwan in March 2017, the Financial Supervisory Commission has revealed. Taiwan Mobile Payment Co’s (TWMP) T Wallet+ host card emulation (HCE) service — which launched in August 2016 — “pales in comparison at only 33,000,” The China Post reports. “T Wallet+ actually has double the number of partnering banks in comparison with Apple Pay — the former having 14 and the latter seven.”

    PayPal and Visa extend payments deal to Asia Pacific

    April 6th, 2017

    PayPal users across Asia Pacific will soon be able to make in-store NFC mobile payments in all Visa supporting locations, following an announcement by PayPal and Visa that they are to expand their US payments agreement to the region. The move will see PayPal making use of the Visa Digital Enablement Program (VDEP) to tokenize payments made in-store by its customers on a mobile phone or connected device.

    Deutsche Bank customers get HCE mobile payments

    April 5th, 2017

    Customers of Deutsche Bank in Germany can now make host card emulation (HCE) based mobile payments using their Mastercard credit or debit card through the bank’s Deutsche Bank Mobile app. “Customers who have the app loaded on their Android smartphone (version 4.4 and above) can make cashless payments worldwide at 6m Mastercard acceptance points,” Deutsche Bank says. The bank has approximately 300,000 customers with a Mastercard and an Android smartphone.

    WhatsApp to launch UPI-based payments in India?

    April 5th, 2017

    Messaging app WhatsApp is exploring India’s Unified Payments Interface (UPI) platform “among other payment modes” for launching a P2P mobile payment service in the country. “For WhatsApp, which has 200m users in India, integrating UPI instead of building its own wallet would likely be a better option given the stricter guidelines for wallets put out by the Reserve Bank of India,” Economic Times reports.

    Samsung Pay opens early access phase in the UAE

    April 4th, 2017

    Samsung Pay has launched an early access program in the UAE with support from Mastercard and Visa and a number of banks including Mashreq Bank, ADCB, Rakbank, Emirates NBD, Standard Chartered and NBAD. The mobile payment service is fully available in 12 markets including South Korea, the US, China, Spain, Singapore, Australia, Puerto Rico, Brazil, Russia, Thailand, Malaysia and, most recently, India. Samsung Pay will also be available for online payments later this year.

    Twint goes live in Switzerland

    April 4th, 2017

    Mobile payment service Twint has been launched in Switzerland, marking the completion of the merger between PostFinance’s Twint and financial infrastructure operator SIX’s Paymit platforms. “Over the coming weeks, the Swiss banks will make their own Twint apps available independently of one another and link up to the system,” Twint says. “The first bank apps (UBS Twint and ZKB Twint) will be released in April.” The launch was expected in January 2017, but was delayed due to the “complexity of the system”, Finews reports.

    Masterpass QR expands to merchants across Sub-Saharan Africa

    March 30th, 2017

    More than 250,000 micro and small businesses across 11 markets in Sub-Saharan Africa will soon be able to accept in-store mobile payments through Mastercard’s Masterpass QR service. Mastercard has partnered with merchant service provider Kopo Kopo and Diamond Trust Bank (DTB) to roll out the service over the next five years. MasterpassQR is also being rolled out to 150,000 merchants in Kenya.

    Samsung Galaxy S8 and S8 Plus to support Bluetooth 5

    March 30th, 2017

    Samsung’s new Galaxy S8 and S8 Plus flagship smartphones will be the first on the market to include support for Bluetooth 5.0, The Verge reports. Bluetooth 5 was unveiled in June 2016 and has been designed to “double the speed and quadruple the range” of low energy Bluetooth transmissions. Samsung unveiled its new devices earlier this week.

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