Saturday 29 April 2017 | RSS

 
    Feedback
     

    Archive: News in brief

    Samsung Galaxy S8 to feature Bixby virtual assistant

    March 21st, 2017

    A virtual assistant called Bixby will come preinstalled on a “subset” of applications on Samsung’s upcoming Galaxy S8 flagship smartphone, Samsung has confirmed. “This set will continue to expand over time,” the company says. “Our plan is to eventually release a tool (in SDK) to enable third-party developers to make their applications and services Bixby-enabled easily.” Reports that Bixby will be compatible with Samsung Pay emerged in January 2017. The Galaxy S8 will be unveiled on 29 March.

    More French banks get HCE payments with Paylib

    March 21st, 2017

    Customers of French banking group Groupe BPCE’s Banque Populaire and Caisse d’Epargne will be able to make host card emulation (HCE) based mobile payments from April through the banks’ mobile banking apps and Paylib, an online payment platform supported by France’s main banks. BNP Paribas also enabled HCE Paylib mobile payments last month, following a launch by Crédit Mutuel Arkéa earlier in February.

    US Bank adds Visa corporate cards for mobile payments

    March 21st, 2017

    US Bank customers can now add their Visa Corporate Travel Card to Apple Pay, Android Pay and Samsung Pay. “This new functionality allows commercial cardholders to conveniently and securely pay on the go with compatible devices, making US Bank the first financial institution to offer a mobile payment solution for Visa corporate card transactions,” the bank says. Select US Bank customers can make use of the function now, with a “wider launch to all commercial clients” coming in the spring.

    QR code security under scrutiny in China

    March 21st, 2017

    A recent spate of scams involving QR code mobile payments in China has sparked calls for the authorities to “do more to protect consumers”, according to the South China Morning Post. “By replacing legitimate merchants’ codes with malevolent copies, fraudsters can gain access to consumers’ data and even raid their bank accounts,” the report says. “The proliferation of this type of crime has been made possible by the explosion of mobile payments in China.”

    Paytm adds insurance to mobile wallet

    March 21st, 2017

    Indian mobile wallet provider Paytm has added an insurance feature to its service that covers users for fraudulent transactions of up to Rs 20,000 (US$306) due to loss of device or unauthorised access to the service. “All Paytm users with balance in their wallets would be automatically covered under this scheme at no additional cost and the lost money would be refunded to their Paytm Wallets,” the company writes in a blog post. Indian mobile wallet FreeCharge also added insurance to its service in December 2015.

    Samsung Pay set for India launch on 22 March

    March 21st, 2017

    Samsung Pay will officially launch in India on 22 March, according to Gadgets 360. “Samsung has sent out invites for an event on Wednesday, March 22, where it says it will be ready with the next revolution,” the publication says. Samsung Pay launched an early access program in India earlier this month. “Presumably, more details on commercial availability will be unveiled on Wednesday.”

    McDonald’s adds mobile ordering in the UK

    March 21st, 2017

    Customers at select McDonald’s restaurants across the UK can now order ahead using their mobile phone. “Simply select your nearest participating restaurant, choose your meal and check-in by scanning one of the QR codes at your selected restaurant when you arrive,” the fast food giant says. The service is available in 22 locations across the UK. McDonald’s is also trialling a mobile order and pay service in 29 restaurants in Northern California ahead of a wider US roll out.

    Cook: China has “higher willingness” to embrace mobile payments

    March 20th, 2017

    China is outpacing the US and Europe in the development of mobile payment technology, according to Apple CEO Tim Cook. “People in the US and Europe get used to credit cards, and merchants in the US are very slow to adopt new terminals that make mobile payment possible,” Cook said during the China Development Forum in Beijing, according to China Daily. “In China, because of the huge number of small businesses, there is a higher willingness to embrace changes.”

    Rambus hosts payments leaders in Rotterdam for Mobey Day

    March 20th, 2017

    PARTNER NEWS: Rambus is hosting Mobey Day in Rotterdam from 21-23 March, bringing together speakers from ING, Aite Group, CaixaBank, Danske Bank and Mastercard to discuss the payments and buying experience. Sessions will explore topics including PSD2, the key success factors for digital wallets, opportunities in the Internet of Things (IoT) and invisible payments.

    Chinese millennials rush to pay by mobile in stores

    March 20th, 2017

    More than eight in ten Chinese millennials (85.6%) use in-store mobile payments at least once a week compared to 44.7% of US millennials, research released by branding agency Labbrand reveals. The findings are based on a survey of 20- to 35-year-olds in both countries.

    Paytm ‘goes global’ with payment app in Canada

    March 17th, 2017

    Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India. The Paytm Canada app allows consumers to make bill payments and will “soon expand” to add a “full line-up of new use cases”, Paytm says. The company is currently targeting 10m merchants to accept its QR code-based service for in-store payments in India and aims to set up its own payments bank.

    Contactless overtakes traditional card payments in Hungary

    March 17th, 2017

    Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says. “Whereas in 2015 contactless payments accounted for 30% of payments, in 2016 more than half (51%) of payments were conducted with the new technology,” says Magyar Nemzeti Bank. Nearly 63% of payment cards and more than three quarters of POS terminals now allow contactless payments in Hungary.

    Square says ‘back end change’ brought down mPOS service

    March 17th, 2017

    Mobile POS provider Square has blamed a “change we made to one of our back-end systems” for a service outage which affected payments and other services earlier this week. Merchants logged in to Square were advised to “switch to offline mode to continue taking swipe payments”, while those not logged in had to take alternative forms of payment. The company said its merchant authentication service had been “degraded” but has since confirmed “all Square services have been fully restored”.

    Rambus predicts how we will pay in 2020

    March 17th, 2017

    PARTNER NEWS: An eight-page guide exploring how key developments in mobile payments will shape the industry in the next three years is now available to download from the NFC World Knowledge Centre. ‘How will we pay in 2020’ has been produced and sponsored by Rambus, and provides an insight into host card emulation, NFC, invisible in-store payments, tokenization, biometric authentication and wearables.

    Starbucks takes mobile payments to India

    March 16th, 2017

    Starbucks customers in India can now use their phones to pay for orders and earn loyalty program ‘Stars’ following the launch of the Starbucks India app. The prepaid service is being rolled out by Tata Starbucks — a joint venture between the coffee chain and Tata Global Beverages — which claims it is the “first major retailer in India to offer customers a mobile payment option linked to a loyalty program”.

    India opens way for direct mobile wallet transfers?

    March 16th, 2017

    Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers. “RBI is expected to issue guidelines shortly on interoperability and know your customer (KYC) norms for digital wallet companies,” sources told Economic Times. “RBI will also decide on the interchange fees between the wallets for them to be able to access the UPI framework.”

    FNB reports ‘sharp rise’ for contactless in South Africa

    March 16th, 2017

    South Africa’s First National Bank (FNB) has seen a 270% increase in the number of contactless payments made with its credit cards over the last six months. “While the number of contactless transactions by customers averaged 1.5 taps per month in May 2015, they climbed to an average of 2.5 per customer by January 2017,” FNB says. “The number of customers using the technology has risen sharply by 227% in the last six months.”

    Samsung Galaxy S8 to use face recognition for payments?

    March 16th, 2017

    Samsung’s Galaxy S8 flagship smartphone “will employ facial-recognition technology for mobile payments within months of release,” Bloomberg reports. The handset, due to be unveiled on 29 March, will “blend fingerprint, iris and facial detection to verify users accessing mobile services including Samsung Pay”. Apple’s iPhone 7S, 7S Plus and 8 are also expected to come equipped with facial recognition later this year to replace the Touch ID fingerprint scanner.

    McDonald’s begins mobile order and pay trial

    March 16th, 2017

    Fast food giant McDonald’s has begun testing its mobile order and pay service at 29 restaurants in the Californian cities of Monterey and Salinas. “The local pilots are designed to obtain customer feedback and prepare McDonald’s for the national launch of mobile ordering and pay across its 14,000 US restaurants beginning in Q4,” McDonald’s says. The pilot will expand to 51 restaurants in Spokane, Washington later this month.

    PrivatBank adds Mastercard to HCE payments

    March 16th, 2017

    Ukraine’s PrivatBank has now made host card emulation (HCE) based mobile payments available for its Mastercard cardholders, using the Mastercard Digital Enablement Service (MDES). The bank’s Visa cardholders started making HCE mobile payments based on the Visa Token Service (VTS) platform in December 2016. Ukraine’s KredoBank unveiled its own mobile payments service for Mastercard customers earlier this week.

    Page 3 of 15012345...102030...Last »