PARTNER NEWS: Digital security giant Gemalto has launched a new version of its UpTeq multi-tenant NFC SIM, with an embedded Mifare4Mobile v2 app allowing it to support multiple Mifare-based transport ticketing services such as those used in Los Angeles, Stockholm and Madrid... More
USA
US consumers vote for banks to keep payments safe
An “overwhelming majority” of US consumers (75%) say they most trust banks to keep their payments safe, an American Bankers Association survey has found... More
MCX expands CurrentC pilot
US retailer-led mobile wallet consortium MCX, which announced a deal earlier this week to support JP Morgan Chase’s new Chase Pay service, is expanding its Columbus, Ohio pilot to include 200 stores operated by “12 large retailers”... More
Best Buy discusses Apple Pay, MCX and Chase Pay support
US retail giant Best Buy has opened up about its experience with Apple Pay, its ongoing support for retailer-led consortium MCX’s CurrentC mobile payment service and its view on Chase Pay, the QR code-based service launched earlier this week... More
Apple Pay to launch in Australia, Canada, Spain, Hong Kong and Singapore
Apple Pay is to go live in Australia and Canada this year and in Spain, Singapore and Hong Kong in 2016, Apple CEO Tim Cook has revealed during the iPhone maker’s latest earnings call... More
Samsung Pay adds US card issuers and reports on consumer adoption
US payment network Discover, gift card provider Blackhawk Network and fourteen financial institutions are to add support for Samsung Pay in the coming months, Samsung has announced, and consumers that are using the service have made an average of eight transactions since its launch four weeks ago. More
MCX merchants to accept Chase Pay mobile payments
JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium. More
Android Pay signs up “millions” of users, readies loyalty programs
Android Pay has signed up “millions” of users since its launch in the US in September 2015, Google’s Sridhar Ramaswamy has told attendees during his keynote at Money20/20. He also announced that single tap loyalty rewards are set to go live at NFC-enabled Coke vending machines in the next “few weeks”. More
Citi tests ATMs that replace plastic cards with mobile phones, QR codes, NFC and iris scans
Citi has begun testing a screenless, cardless ATM concept developed by Diebold that lets customers make transactions using their mobile device instead of a plastic card and authenticate themselves using NFC, QR or an iris scan... More
MasterCard extends tokenization platform to clothing, accessories and wearable devices
MasterCard has extended the capabilities of its tokenization service to enable payments to be made using “virtually any device”, including NFC-enabled clothing, jewellery and vehicle keyfobs. “Products will begin rolling out in 2016 in the US,” the payments network says, “with plans to expand to other markets.” More
Taiwanese banks to roll out hybrid HCE payments platform
Taiwan Mobile Payments Co (TWMP), the mobile payments TSM venture established in 2014 by three Taiwanese banking groups, has signed a deal with Mozido to provide its 27 member banks and financial institutions with a mobile wallet platform that offers support for both secure element and HCE cloud-based NFC payments... More
Americans to spend $27bn via mobile payments in stores in 2016
The total value of mobile payment transactions in the US will grow 210% in 2016 and nearly one in five smartphone users will make a mobile payment in a store next year, eMarketer’s latest proximity mobile payments forecast predicts. More
Khosla predicts NFC will replace EMV cards in three to five years
EMV will become irrelevant in three to five years’ time and NFC will take over, Khosla Ventures founder Vinod Khosla has told attendees during a keynote at Money20/20... More
Four in ten Apple Pay users make a mobile payment once a week
More than seventy million US consumers (71.5m) have now made a mobile payment in a store or online, up from 61m in 2014, research by Mercator Advisory Group has found. Overall, 42% of all smartphone owners have made a mobile payment and half of those do so at least once a week. More
Seamless adds HCE to Seqr mobile wallet
Customers using Seamless’ Seqr mobile payment solution will soon be able to make host card emulation (HCE) based NFC payments at any contactless terminal through the service’s integration with white label wallet provider MeaWallet... More
Meet NFC World’s partners at Money20/20
NFC World partners Bell ID, SimplyTapp, Carta Worldwide, Mahindra Comviva, Kona and Gemalto will be exhibiting at the Money2020 expo in Las Vegas from October 25-28... More
SumUp expands to US
European mPos provider SumUp has launched in the US and has started taking pre-orders for a new EMV contactless card terminal for US$99... More
Mobile to account for 20% of US POS payments by 2020
US consumers will use their smartphones to make mobile payments at the point of sale five times a week by 2018 and, by 2020, 20% of POS transaction volume will be conducted via mobile devices, research from Carlisle & Gallagher Consulting Group reveals... More
Apple Pay now offered by more than 600 US banks
Apple has added more than 70 banks and credit unions to its list of Apple Pay supporting financial institutions in the US, taking the total number to more than 600... More
US banks pilot mobile wallet authentication and issuance at the ATM
PARTNER NEWS: ATM manufacturer Diebold has teamed up with HCE specialist SimplyTapp to offer banks a way to use their ATM network to add a layer of card present security to their mobile wallet provisioning process... More