The value proposition for using mobile payments must be clearly stated to customers in order to change their behaviour from using plastic cards to mobile phones, says the Federal Reserve Bank of Boston following the completion of a research project that tested four mobile wallet models including NFC and QR codes... More
Archive: News in brief
Apple Pay to launch in Taiwan on March 29?
Apple Pay will launch in Taiwan on March 29 with support from Cathay United Bank, CTBC Bank, E Sun Commercial Bank, Standard Chartered Bank, Taipei Fubon Commercial Bank, Taishin International Bank and Union Bank of Taiwan, according to Focus Taiwan... More
Android Pay to launch in Korea in May?
Android Pay will launch in Korea in May with support from Shinhan Card, Hyundai Card, Lotte Card and Hana Card, according to ETNews... More
Apple Pay struggles in China in the face of tough competition
Apple Pay is “struggling” in China due in part to a minority smartphone market share and consumers being “far more accustomed” to competing services such as Alipay and Tencent’s WeChat Pay... More
Ted Baker and Mondaine to add NFC payments to watches
Fashion brand Ted Baker and Swiss luxury watchmaker Mondaine are to integrate NFC payments into a range of watches to enable customers to make payments using technology supplied by Tappy Technologies, which has also partnered with Barclaycard to offer bPay contactless payment technology in the UK... More
US Payments Forum offers card-not-present fraud advice
The US Payments Forum has published a survey of card-not-present (CNP) fraud worldwide to help the US payments industry assemble “layered, effective and systematic” mitigation strategies... More
Android O to offer autofill for payments
The next version of Google’s Android operating system will include a new API that enables mobile apps to add autofill services which automatically enter a user’s passwords, payment details and other personal information... More
Wells Fargo moves forward with ATM mobile withdrawal plans
US bank Wells Fargo will become the first in the country to upgrade its entire network of ATMs with mobile withdrawal functionality next week, as the bank prepares to roll out the service to 13,000 machines... More
Samsung Galaxy S8 to feature Bixby virtual assistant
A virtual assistant called Bixby will come preinstalled on a “subset” of applications on Samsung’s upcoming Galaxy S8 flagship smartphone, Samsung has confirmed... More
More French banks get HCE payments with Paylib
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... More
US Bank adds Visa corporate cards for mobile payments
US Bank customers can now add their Visa Corporate Travel Card to Apple Pay, Android Pay and Samsung Pay... More
QR code security under scrutiny in China
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... More
Paytm adds insurance to mobile wallet
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... More
Samsung Pay set for India launch on 22 March
Samsung Pay will officially launch in India on 22 March, according to Gadgets 360... More
McDonald’s adds mobile ordering in the UK
Customers at select McDonald’s restaurants across the UK can now order ahead using their mobile phone... More
Cook: China has “higher willingness” to embrace mobile payments
China is outpacing the US and Europe in the development of mobile payment technology, according to Apple CEO Tim Cook... More
Rambus hosts payments leaders in Rotterdam for Mobey Day
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... More
Chinese millennials rush to pay by mobile in stores
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... More
Paytm ‘goes global’ with payment app in Canada
Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India... More
Contactless overtakes traditional card payments in Hungary
Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says... More