Paytm sets sights on US payments market

Paytm chief eyes dominance in Japanese market as ticket to US — MoneyControl — “After becoming an almost household name in India, digital payments major Paytm has set its sight on dominating the Japanese market, a development that its founder Vijay Shekhar Sharma feels will be its ‘ticket’ to the US… ‘If we kill it in Japan, we will get the ticket to go to the big country,’ Sharma said.”


Target begins accepting NFC payments in San Francisco

Target appears to be testing in-store Apple Pay in San Francisco — 9to5Mac — “On Twitter this week, users have reported that they are able to check out with Apple Pay at a Target store in San Francisco, specifically the Metreon location. Users say that despite Target’s resistance to the feature in the past, the terminals at this San Francisco store are NFC-enabled and work with Apple Pay. Additionally, another user reports that they were able to use a contactless card at the same Target store during the self-checkout process.”


T-Mobile offers mobile banking service that supports Apple Pay, Google Pay and Samsung Pay

T-Mobile launches mobile banking solution T-Mobile Money, available now on Android and iOS — 9to5Google — “T-Mobile Money hasn’t been officially launched, but was discovered early thanks to its (likely unintended) addition to Google Pay’s list of US banks and credit card companies. Its official website, discovered by Domain Name Wire, went live today and has the full details of the interesting offering.”


Atlanta charity pilots NFC wristbands that let the homeless access welfare services

This tech nonprofit Is trying to help homeless people get IDs — Motherboard — “Mini City distributed 500 NFC-enabled wristbands — similar to FitBits or Nike FuelBands — to expand its services to Atlanta’s homeless. Each wearable holds an identifier number given to homeless citizens when they begin the process of obtaining a government ID. Users unlock Mini City’s app by tapping the wristband on a tablet at Salvation Army and other nonprofits like ReStart Atlanta — allowing them to book shelter beds, find nearby employment and medical resources, and check the status of their ID applications.”












Survey finds Apple Pay is used for three in four US debit card mobile wallet transactions

Apple Pay makes up 77% of mobile payments among debit card users — Auriemma Consulting Group — “An Auriemma study of debit card issuers shows that Apple Pay makes up 77% of mobile wallet transactions. Samsung Pay and Google Pay, Apple Pay’s main competitors, make up 17% and 6% of transactions, respectively… While Apple Pay has the most market share, Samsung Pay users are the most engaged. In fact, the average Samsung Pay user makes 7.3 transactions each month, compared to 5.5 transactions for Apple Pay and Google Pay users.”


Federal Reserve proposes new settlement system for faster US payments

The Fed proposes an always-on settlement system for faster payments — Digital Transactions — “The new proposal has two major facets. One outlines the RTGS plan for settlement of payments every day at all times. The other involves a so-called liquidity tool the Fed says could increase banks’ participation in a real-time system by limiting exposure that can arise outside of business hours. The general idea behind both is to reduce the risk from providing funds to payment recipients before settlement has actually occurred.”


Apple goes live with NFC student IDs at three universities

Apple adds support for contactless student ID cards in Wallet — Apple — “Starting today, students at three universities are among the first to enjoy the convenience of using just their iPhone and Apple Watch to get around on and off campus. At Duke University and the Universities of Alabama and Oklahoma, students can now add their ID card to Apple Wallet and use it to pay quickly and easily for laundry, coffee or lunch, and even get into their dorms, the gym or the school library… Johns Hopkins, Santa Clara and Temple universities will bring the capability by the end of this school year.”



Apple to focus on access control for next wave of NFC applications

Why Apple didn’t try to disrupt credit cards with Apple Pay — Fortune — “Apple’s own campus lets its employees gain access via their Apple Wallet. And next week, Apple is set to roll out student ID cards on the Apple Wallet for Duke University, the University of Oklahoma, and the University of Alabama. That feature will combine access and payments, allowing students to use their Apple Wallet ID card to enter their dorms and pay for laundry. ‘It’s a tremendous new area for us to focus on, which is really access,’ Bailey said.”


Boston Fed reports on the current status of payment tokenization in the USA

Industry perspectives on the evolution of EMV payment tokenization — Federal Reserve Bank of Boston — “This white paper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders.”


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