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    Archive: News in brief

    ING Direct and Macquarie Bank to add Apple Pay in Australia

    February 10th, 2017

    ING Direct and Macquarie Bank have become the latest banks to sign up to support Apple Pay in Australia. According to the Apple Pay website, support from the banks is “coming soon” and will take the total number of Apple Pay supporting financial institutions in the country to 47. Four of Australia’s largest banks continue to hold out, however, and are continuing their fight with Apple for the right to collectively negotiate with third-party mobile wallet providers

    Schiphol Airport tests facial recognition to speed up boarding

    February 10th, 2017

    Amsterdam’s Schiphol Airport has begun a three-month trial of facial recognition technology at one of its boarding gates. Passengers register by having their faces, passports and boarding passes scanned, and then use a separate biometric gate to board their plane. Schiphol and Dutch airline KLM say the ultimate goal is “making the boarding process as easy and quick as possible for passengers”.

    3bn digital banking users by 2021

    February 10th, 2017

    Nearly 3bn users will have access to retail banking services through smartphones, tablets, PCs and smartwatches by 2021, Juniper Research reveals, up 53% from 2017. “Usage will continue to rise as consumers increasingly opt for banks offering the convenience of rapid, multi-channel digital services,” the research firm says.

    ING customers get iMessage payments

    February 9th, 2017

    Customers of Dutch bank ING can now make a payment request and send money through Apple’s iMessage platform. The service will work through a separate mobile app so that customers can receive and send money without having to log into the ING Mobile Banking app. “This new functionality is available for customers with an Apple iPhone or iPad with iOS 10,” ING says.

    Bus operator reports QR and NFC adoption stats

    February 9th, 2017

    Bus passengers in the UK county of West Yorkshire are using QR codes and NFC at bus stops 10,000 times every week to retrieve travel information. West Yorkshire Combined Authority fitted QR codes and NFC tags on all of the county’s 14,500 bus stops in October 2015. “In 2016, passengers used QR codes and NFC chips over 400,000 times,” the organisation says.

    Mobile wallet market to pass $4tn by 2021

    February 9th, 2017

    The mobile wallet market will exceed US$4tn by 2021, Infiniti Research predicts, up from close to $1tn in 2016. “Apple Pay has been growing steadily since launch, but its penetration is still quite low,” the research firm says. “In the app store, for example, it is used for only 1% to 1.5% of transactions. Physical stores see less than 0.8% usage of the payment method.”

    Gartner predicts 20.4bn connected ‘things’ by 2020

    February 9th, 2017

    Some 8.4bn connected “things” will be in use worldwide in 2017, up 31% from 2016, with 20.4bn in use by 2020, Gartner predicts. “Total spending on endpoints and services will reach almost US$2tn in 2017,” the company says. Greater China, North America and Western Europe will represent 67% of the overall Internet of Things installed base in 2017.

    LG to abandon mobile payments platform plans?

    February 9th, 2017

    LG will not launch its LG Pay mobile payments platform on the upcoming LG G6 device due to time constraints and the company may be abandoning its plans to launch the service altogether, South Korean publication Newsis reports. The company delayed the introduction of LG Pay due to issues testing the service in South Korea in September 2016.

    US mobile payment transactions to reach $282bn by 2021

    February 9th, 2017

    The total volume of mobile payment transactions in the US will reach US$282.9bn by 2021, Forrester estimates. “Mobile in-person payment will grow the fastest, increasing to 6.8 times its size between 2015 and 2021,” the research firm says. Mobile remote payments, including in-app, will grow 2.7 times its current size by 2021, while mobile P2P payments “will continue to have the smallest market share despite quadrupling during the next five years”.

    Singapore’s Nets network moves to mobile payments

    February 8th, 2017

    Singapore electronic payments network Nets is to go “digital and contactless” within the coming weeks. “The function will be available in several forms including credit cards, which are due to be issued by banks in this half of the year, mobile phones and even wearables,” The Straits Times reports. “The contactless function will let users make payments with Nets below S$100 (US$70).” Nets is due to roll out its Nets Pay mobile payments service with banks “soon”.

    PayPal launches Slack payments bot

    February 8th, 2017

    PayPal customers in the US, UK, Australia and Canada can now send money to each other using a PayPal bot on team messaging service Slack. “Install the PayPal bot available on the Slack App Directory,” PayPal says. “Once installed, link your PayPal account and set your preferred transaction settings — sending money from your PayPal account to a friend is as easy as typing ‘/PayPal send $5 to @Dave’.”

    Chinese mobile payments rise for Lunar New Year

    February 8th, 2017

    The volume of payments made by Chinese consumers during the 2017 Lunar New Year holiday using their smartphones and China UnionPay’s contactless payment service “increased nearly 21-fold, year on year,” news agency Xinhua reports. “Password-free payment under 300 yuan (US$44) surged a whopping 165-fold compared to the same period last year,” it adds.

    Rakuten Pay to support 14 e-money services

    February 8th, 2017

    Japanese ecommerce and internet giant Rakuten is to add support for 14 electronic money services to its in-store payment system from summer 2017. Rakuten Pay will accept payments through Rakuten Edy — Rakuten’s own electronic money service which brings with it support for Android Pay — as well as QuicPay+, iD and Aeon Group’s Waon, and nine transportation card issuers: Suica, Pasmo, Kitaca, Toica, Manaca, Icoca, Sugoca, Nimoca and Hayakaken.

    Three in 10 use mobile for Pay with Amazon purchases

    February 8th, 2017

    Nearly a third (32%) of all transactions made through Pay with Amazon — the service that lets customers make online payments on third-party merchant websites using the information already stored in their Amazon account — were done on a mobile device in 2016. More than 33m people have now used the service to make a purchase, with its payment volume nearly doubling last year.

    Samsung Pay goes live in Thailand

    February 8th, 2017

    Samsung Pay has begun rolling out across Thailand following its launch through an early access programme in October 2016. Supporting partners include Mastercard, Visa, KCC, Bangkok Bank, Citibank, KasikornBank, KTC and Siam Commercial Bank. “We hope Samsung Pay will play a big role in transforming Thailand in line with its national e-payment strategy,” says Samsung’s Wichai Pornpratang.

    GoCardless warns customers after burglary

    February 7th, 2017

    Fintech startup GoCardless has contacted customers to warn of possible data loss after a break-in at its London offices in January. The company, a gateway for direct debit payments taken from consumers’ bank accounts, says it lost 19 password-protected laptops in the raid. “All of our payment processing systems are secure, remain uncompromised and were unaffected by the burglary,” GoCardless says.

    Bluetooth rail ticketing service to include biometrics?

    February 7th, 2017

    Fingerprint and iris scanning technology “could eventually” be incorporated into a Bluetooth and geolocation-based ticketing service to be piloted by UK rail firm Chiltern Railways in July 2017. The proposal from Rail Delivery Group aims to help in “reducing delays and increasing the number of passengers through the gates at busy times”.

    Proxama signs South African EMV deal

    February 7th, 2017

    PARTNER NEWS: Proxama has signed a five-year contract with a “leading South African insurance and financial services provider” for the supply of in-house EMV card issuing, PIN management and card life cycle management. “The customer will benefit from Proxama’s in-depth experience of smart card deployments in South Africa and around the world,” says the company’s Patrick Regester.

    Chrome 56 adds BLE connectivity to web apps

    February 7th, 2017

    Consumers can now communicate with nearby Bluetooth Low Energy (BLE) devices through web apps using Google’s Chrome 56 update for Android. “With Chrome 56, your web apps can communicate with nearby BLE devices in a secure and private manner using the Web Bluetooth API,” Google’s Pete LePage says in a blogpost. He adds this can also be combined with physical web beacons to control nearby devices. Google began supporting the physical web in its Chrome browser in February 2015.

    Cities will launch own digital currencies ‘within 10 years’

    February 7th, 2017

    Cities will begin separating from their country’s national currency to launch their own digital money within 10 years, according to the CEO of blockchain-based financial network Bluzelle. “Blockchain and digital currencies make now the right time for a city to adopt its own currency,” Pavel Bains writes in an opinion piece published by CoinDesk.

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