Bank of America and PayPal partner to enable in-store payments and account linking

Bank of America and PayPal partner to enable in-store payments and account linking — Bank of America — “Bank of America will partner with PayPal to tokenize Bank of America cards for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US. This will support PayPal’s forthcoming NFC mobile wallet experience to enable in-store tap-to-pay purchases and reflects Bank of America’s open wallet strategy.”


TransferWise links with Apple Pay globally

TransferWise links with Apple Pay globally — Reuters — “The London-based money transfer company said on Thursday that it was joining with Apple Inc’s payments service in the US and a handful of other countries, following a similar move in the UK in 2015. This means users on Apple devices will no longer have to insert their payments card or bank account details to send money via TransferWise, but will be able to transfer funds through their Apple Pay account, speeding up the process.”



Tech company workers agree to have microchips implanted in their hands

Tech company workers agree to have microchips implanted in their hands — ABC News – “Some workers at a company in Wisconsin will soon be getting microchips in order to enter the office, log into computers and even buy a snack or two with just a swipe of a hand… Three Square Market is footing the bill for the microchips, which cost US$300 each, and licensed piercers will be handling the implantations on August 1.”




Amazon Pay Places lets you pay for real-world shopping using your Amazon info

Amazon Pay Places lets you pay for real-world shopping using your Amazon info — Techcrunch — “Amazon is today introducing a new feature called Amazon Pay Places, that allows customers to pay for in-store and order ahead shopping experiences using their Amazon app… Instead of using cash, check, credit or debit while shopping out in the real world, you can just use your Amazon account information. The first implementation of Pay Places involves a partnership with the TGI Friday’s restaurant chain.”




Jet.com is installing Latch access systems in 1,000 NYC apartment buildings for easier deliveries

Jet.com is installing Latch access systems in 1,000 NYC apartment buildings for easier deliveries — TechCrunch — “Residents can use their phone as a key, grant access to guests without walking downstairs and of course get packages delivered safely without being home. Building managers can also use Latch’s system to grant access to trusted delivery providers like USPS at their discretion, but all of these 1,000 units will already be set up to provide access to Jet’s delivery partners.”



Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies

Viewpost survey reveals 80% of Americans support ‘futuristic’ payment technologies and currencies — Viewpost — “35% see facial recognition as a key authentication technology for making payments within the next ten years, and 32% of Americans trust facial recognition for securing electronic payments. Retinal scanning and voice control — these advanced biometric methods have gained traction in consumers’ consciousness, with some 31% citing retinal scanning as a viable technology for authenticating payments and 18% seeing themselves using voice control to make payments by 2027.”


USA Technologies files for proposed public offering

USA Technologies files for proposed public offering — PARTNER NEWS — “USA Technologies Inc (USAT), a premier payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, today filed a registration statement on Form S-1 with the US Securities and Exchange Commission for a proposed underwritten public offering of its common stock consisting of approximately $34.5 million of shares to be sold by USAT.”



Citi Pay launches in the US

Citi Pay launches in the US — Citi — “Online and in-app purchases will be enabled through Citi’s integration of Masterpass… For Android users, the digital wallet also enables Citi cardholders to make in-store purchases by tapping their Android mobile devices at any NFC-enabled point-of-sale terminal… In 2016, Citi Pay launched in Singapore, Australia and Mexico with tap and pay capabilities.”


Over 20 financial institutions in the US, Europe add support for Apple Pay

Over 20 financial institutions in the US, Europe add support for Apple Pay — Apple Insider — “Apple added another 22 banks and credit unions to its roster of Apple Pay-supporting institutions in the United States, with the new additions to the collection joined by a number of European institutions… The latest batch of institutions to join the Apple Pay support page are, like the last update, made up of regional banks and credit unions.”



Survey finds consumers view contactless shopping as both ‘cool’ and ‘creepy’

Rich Relevance

A survey of consumer attitudes to emerging technologies has found that the majority of both US and European consumers now believe that using fingerprint scanning to pay for purchases is ‘cool’ — but UK and European consumers are divided on the idea of contactless shopping services like Amazon Go, with 40% considering the technology to be ‘cool’ and 31% seeing it as ‘creepy’... More



US consumers turn to digital payments for online purchases

American Express

More than 70% of online shoppers across the US have used digital payment services including mobile wallets, one-click checkout buttons and peer-to-peer (P2P) payment apps, research released by American Express reveals, with 41% “always or sometimes” choosing to use digital solutions when they pay... More


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