Scottish railway operator pilots HCE for mobile ticketing

Rambus brings secure mobile ticketing to Scotland’s railway — Rambus — PARTNER NEWS — “Rambus’ HCE Ticket Wallet Service leverages technology proven in the payments industry to create a virtual smartcard that securely stores tickets on mobile devices. The solution integrates with existing software and station infrastructure, allowing transport operators to manage both smartcard and mobile tickets in a single system, reducing integration costs and deployment time.”


Barclays files blockchain funds transfer and KYC patents

Barclays seeks twin blockchain patents for banking services — Coindesk — “The US Patent and Trademark Office published two applications by the UK’s second-largest bank Thursday, both of which revolve around account security. Perhaps most notably, however, was an application for a patent which outlined a blockchain platform which could facilitate cryptocurrency transfers. The bank also proposed streamlining know-your-customer processes by storing identifying information on a private blockchain.”



Mastercard and Worldpay to let merchants accept payments direct from customers’ bank accounts

Worldpay and Mastercard to enter new global partnership focused on innovating payments — Worldpay — “Under the partnership, Worldpay will offer the ‘Pay by Bank’ app — a new way to pay — to merchants in the UK starting in early 2019. Created by Mastercard’s Vocalink business, the ‘Pay by Bank’ app enables customers of UK businesses to make online payments for goods and services via their banking app, and directly from their bank account.”


Survey finds money saving product recommendations will drive adoption of open banking

Brits cite money saving product recommendations as the biggest incentive to use open banking — Equifax — “Two fifths (40%) of Brits willing to share their bank transaction data with a new lender would do so if it provided them with product recommendations which save them money. Other motivations to share transaction data through open banking include the ability to easily compare products from different financial institutions (36%), being offered tailored incentives for switching to a new provider (34%), and a streamlined process when applying for mortgages (28%) and loans (25%).”


New Bank of England settlement system to support ‘private payment systems’

New economy, new finance, new bank — Bank of England — “The Bank of England is in the midst of an ambitious rebuild of the Real Time Gross Settlement (RTGS) system — the backbone of every payment in the UK… RTGS is being re-built so that new private payment systems, including those using distributed ledger, can simply plug into our system… No longer will access to central bank money be the exclusive preserve of banks.”



UK government to use NFC to verify residency status of EU citizens after Brexit

Brexit: Three ‘simple’ questions for EU citizens to stay in UK — BBC — “Applicants with Android phones will be able to download an app which can read the chip in their passport to verify their identity — and they will be able to take a ‘selfie’ that can be checked against Home Office records, said Mr Javid. But he said there was an ‘an issue at the moment’ with Apple device users, who will not be able to make use of this app, and instead will have to send in their passport to prove their identity… The home secretary said he had raised the issue with Apple on a recent visit to Silicon Valley and the company was ‘looking at it actively’.”


Popularity of contactless payments pushes debit cards ahead of cash in the UK

Convenience of debit card payments puts cash in second place — UK Finance — “The popularity of contactless payments among UK consumers is a key driver of debit card growth. In total, across both debit and credit cards, the number of contactless payments increased by 97% during 2017 to 5.6bn. Almost two thirds (63%) of people in the UK now use contactless payments, and no age group or region falls below 50% usage.”


Transport for London adds in-app contactless journey tracking

Contactless journeys now available to view on the go via free TfL app — Transport for London — “Customers using contactless payment cards in London can now view their journey history on the go following the latest update to the free TfL Oyster and contactless app. Half of all Tube and rail ‘pay as you go’ journeys in London are now regularly made using contactless payment cards or mobile devices.”


NatWest reports strong consumer uptake for direct alternative to card-based mobile payments

NatWest trials new way to pay for online shopping — RBS — “The service removes the need to input long card numbers by providing customers with the option to press a NatWest button at the end of the purchase process which will take them through to their mobile app. Then the customer will login with Touch ID or their standard password before the process will complete automatically… Customers will immediately see their balance, updated in real time… In the initial trial, over half of customers chose to make their payment using the NatWest service, rather than use their card.”



Challenger banks add location-based payments to mobile apps

UK banks are trying out location-based P2P payments — Tearsheet — “On Friday, Revolut introduced a feature called ‘Near Me’ which lets its customers find other Revolut customers using the same feature and send them money without knowing their contact details. On Monday, Monzo rolled out a capability called ‘Nearby Friends’… When the user opens Nearby Friends, Monzo generates a token representing the user through its API, which is then sent to Google Nearby through Bluetooth on the user’s device to ‘broadcast’ it to other Monzo apps within a 90-foot radius.”



Charity to roll out contactless donation screens following successful three week pilot

Contactless donations project raises thousands for homeless in Cardiff — Wales Online — “The interactive window in the city centre allows passers-by to tap their card on the screen and donate £2 (US$2.85) to homeless charities… A total of 430 kind-hearted shoppers in Cardiff swiped their contactless cards to give money to the homeless in just three weeks… Following its success during the trial in March the Give DIFFerently campaign now hopes to roll out more contactless points across the city.”


Church of England rolls out contactless donations to 16,000 churches, cathedrals and religious sites

Church of England brings cashless transactions to its congregations — Church of England — “Over 16,000 churches, cathedrals, and religious sites will now have access to portable card readers through the Church of England’s Parish Buying portal through a partnership with SumUp and iZettle. The readers will be used to take contactless payments, Apple Pay and Google Pay, as well as chip & pin… Technology facilitating charitable donations on a self-service basis, including passing around a reader for the collection, continues to be trialled and is expected to be launched in phase two of the project.”


UK supermarket rolls out in-aisle checkout and rewards

Convenient future in store as Co-op dials-up pay in aisle technology — Co-op — “The innovative move, which harnesses the latest technology, allows customers to scan products on their own device as they walk around the store — known as a ‘frictionless shopping experience’. When they have finished shopping, the amount they owe will then be deducted from their account with a single click… The technology also links information from a customer’s Co-op Membership account — telling shoppers how much they have saved and, how much the Co-op will donate to local good causes following the transaction.”


Barclaycard reports rapid rise in mobile and wearable payments volumes

Next phase of contactless revolution sees rapid growth in mobile and wearable payments — Barclaycard — “The amount spent using Barclaycard’s Android Contactless Mobile facility has increased 365% year-on-year, while spending via bPay — a unique, flexible payments chip that can be embedded into a variety of products such as watches and jewellery — jumped 129%… Overall, contactless payments, including those made on a credit and debit card, have seen continued growth over the last 12 months, with a 79% uplift in spending.”


Mobile payments reach ‘tipping point’ in the UK

Tipping point for ‘tap and go’ as mobile payments top £975 million — Worldpay — “The number of in-store contactless transactions made via a mobile device totalled 126m last year, with the amount spent topping £975m (US$1.3bn). This marks a 328% year-on-year rise in in-store mobile spending… Accounting for 59% of all in-store mobile transactions, the supermarket sector has been an important driver in the uptake of digital wallets such as Apple Pay, Google Pay and Samsung Pay, as time-poor shoppers grab groceries on the go. Pubs, bars and restaurants make up a further 12.5% of the total spend.”


Barclaycard tests on-table ‘totems’ that let customers check themselves out of a restaurant

Dining on demand: Barclaycard launches first ‘Dine & Dash’ restaurant — Barclaycard — “Barclaycard has developed ‘Dine & Dash’, a new solution enabling diners to simply walk out after eating — bypassing the traditional bill-paying process — which will be unveiled with a consumer trial at high-street chain Prezzo. The launch comes in response to 38% of diners who want to avoid waiting for the bill and 67% of restaurant owners who are in favour of an ‘invisibill’ way to pay to improve service and customer satisfaction.”


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