French bank Societe Generale is to offer retail customers in France the chance to replace their current Visa cards with ones featuring a dynamic security code developed by Oberthur Technologies... More
Archive: News in brief
Australian bank branches stop dealing with cash
Six retail branches of Citi bank in Australia are to stop dealing with cash because of falling demand from customers who prefer to manage their money digitally, the Sydney Morning Herald reports... More
Indian mobile wallet ‘ready for 300m users’
Indian mobile wallet provider MobiKwik says it is ready to serve 300m users, up from its current 35m customer base, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes from circulation... More
OCBC bank in local and cross-border blockchain payments trial
Singapore’s OCBC Bank says it has become the first bank in South East Asia to use blockchain technology in national and international payments... More
LotteCard to use Gemalto contactless stickers for NFC mobile payments
PARTNER NEWS: Korean credit card network LotteCard is using digital security giant Gemalto’s Optelio Contactless Stickers to allow its customers to make NFC mobile payments at 35,000 stores throughout South Korea... More
Mumbai Metro to get Paytm mobile ticketing
Commuters on the Mumbai Metro service will soon be able to pay for journeys using mobile payments platform Paytm... More
Apple Pay adds banks in Australia, China, Russia and the US
Apple has updated its list of Apple Pay-supporting financial institutions in Australia, China, Russia and the US... More
PwC in digital currency project for everyday banking
Global consultancy firm PwC has joined forces with US blockchain technology outfit Bloq to create a platform allowing digital currencies to be used for everyday banking... More
Apple to develop iPhone connected digital glasses?
Apple is looking at developing digital glasses connected wirelessly to a wearer’s iPhone, which would show images and other information in the wearer’s field of vision and may use augmented reality, a report in Bloomberg suggests... More
US Payments Forum to study mobile and contactless payments
The US Payments Forum is creating the Mobile and Contactless Payments Working Committee, to explore mobile and contactless payment opportunities and challenges, identify solutions, and share guidance and best practice... More
Amex cardholders to redeem loyalty points at pharmacy chain
American Express cardholders will soon be able to redeem Membership Rewards points at Rite Aid, the first US pharmacy chain to formalise such a deal with the financial services company... More
IBM in blockchain project with Singapore fintech startup
IBM has announced a blockchain project with Singapore fintech startup KYCK... More
Indonesian mobile wallet joins with blockchain money transfer network
Hong Kong-based blockchain money transfer network OKLink has teamed up with Doku, an Indonesian mobile wallet, to provide customers with cheap, real-time money transfers... More
More than 1bn Alipay payments made on Singles’ Day
More than one billion online and offline transactions were made through Alipay at this year’s Singles’ Day Shopping Gala, an increase of 48% from 2015, with the peak number of transactions standing at 120,000 in a single second... More
Seqr launches P2P payments in 14 European countries
Swedish mobile payments specialist Seamless’ Seqr mobile payment platform has launched a P2P money transfer service that enables users to instantly transfer money to each other “regardless of where they are in the world”, the company says... More
Top marks for palm-vein biometric solution
Fintech firm Fiserv has collaborated with Gesa Credit Union in the US to introduce palm-vein biometric authentication into Fiserv’s DNA account processing platform — the first palm-vein authentication solution implemented by a US financial institution... More
Global NFC market to reach US$47.43bn
The global NFC market is expected to reach US$47.43bn by 2024, according to a new report by Grand View Research... More
R3 develops KYC registry using blockchain
Blockchain consortium R3 and 10 of its member banks have developed a proof-of-concept Know Your Customer (KYC) registry using distributed ledger technology to address the “challenges associated with satisfying regulatory requirements” and allowing identities to be managed by their owners... More
Montreal to get NFC transport payments
Some 100 employees of Montreal’s public transit network STM are beta-testing a service that will enable commuters on the Metro to pay using their NFC smartphones... More
French store uses augmented reality for Christmas shoppers
French department store Galeries Lafayette is using augmented reality to offer Christmas shoppers a virtual Arctic experience telling the story of climate change... More