Chip maker NXP will focus on the “significant” Chinese market for mobile wallets, the firm’s CEO has said, as the company revealed a 40% increase in sales for its emerging ID business in a fourth quarter earnings call... More
USA
Apple Pay now live at more than 60 banks
Apple has added more than a dozen new banks to its list of institutions that now support Apple Pay, bringing the total count to more than 60, 9to5mac reports... More
MasterCard moves towards MasterPass tokenization
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call... More
One in three Millennials to use a mobile wallet in 2015
5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994... More
ATM operators report on EMV readiness
More than six in ten (61%) US ATM operators expect “the vast majority” of their network will be capable of handling EMV transactions by the end of 2016, the ATM Industry Association has revealed... More
McDonald’s lets customers pay with love
McDonald’s restaurants across the US are adding a new payment method for a two-week promotion, letting customers pay for their orders with “random acts of loving” such as giving out high fives and hugs, taking selfies, calling family members, dancing and blowing kisses... More
NJ Transit expands mobile ticketing app
NJ Transit has expanded availability of its MyTix mobile ticketing app to interstate routes between New Jersey and New York City after launching in South Jersey last year... More
Facebook to test Bluetooth beacons in New York
Facebook has unveiled a new service called Place Tips that works with Bluetooth beacons, WiFi and GPS to show the social network’s iOS app users “useful and relevant” information about the places they visit... More
Urevu unveils wearable BLE beacons for customer reviews
Shop owners and service providers could in future get real-time feedback on the service delivered by individual members of their staff, and thus improve the experience delivered to customers, thanks to a new mobile app from New York-based startup uRevu... More
MassDOT tests mobile tickets
The Massachusetts Department of Transportation (MassDOT) has begun a pilot test of BusPlus, a mobile ticketing service developed by Bytemark that provides customers of intercity private bus operators the ability to purchase and store transit passes on their mobile devices... More
NXP sues Marvell over Xbox NFC chips
NXP Semiconductors has filed a patent infringement suit against rival chip maker Marvell, claiming that the NFC chips supplied by Marvell to Microsoft for use in the Xbox One video gaming console infringe four of its patents... More
Apple CEO says 2015 will be the “year of Apple Pay”
Apple Pay now accounts for more than two-thirds of Visa, MasterCard and American Express contactless payments by value across the US, Apple CEO Tim Cook has revealed during a first quarter earnings call... More
USAT adds support for Apple Pay
Cashless vending machine technology provider USA Technologies has announced a rollout of new acceptance points for Apple Pay across the US More
Starbucks increases mobile payments to 16% of total
Starbucks is now processing an average of seven million mobile payments a week, representing around 16% of all its transactions, CEO Howard Schultz has revealed during a first quarter earnings call in which he also provided an update on the Mobile Order and Pay service the coffee giant introduced in Portland, Oregon in December last year... More
New York metro heads to NFC
New York City’s Metro Transit Authority (MTA) is in discussions to replace its MetroCard payment system with a new US$450m system set to include support for NFC mobile payments and contactless cards... More
Payment security tops retailer priorities
More than 63% of US retailers have included payment security among their top three priorities for 2015 in a survey by Boston Retail Partners, with 650% more retailers planning to support EMV by October... More
Most US retailers won’t be ready for EMV
More than half of all US retailers (55%) are still not fully prepared for the migration to EMV despite the impending October deadline, a survey for ACI Worldwide has revealed... More
FNB to offer Apple Pay
First National Bank (FNB) in the US will begin making Apple Pay available to its customers in the first quarter of 2015... More
USAA adds face and voice verification to mobile banking app
Financial services group the United Services Automobile Association (USAA) is to enable its members to use biometric authentication, including face and voice verification, to log in to their accounts on their smartphone... More
Bank of America reports on Apple Pay
Nearly 800,000 Bank of America customers have now enrolled to use Apple Pay and have added about 1.1m cards, the bank has revealed... More