Almost four in five UK consumers (77%) have concerns about using new payment methods, research released by law firm Paul Hastings reveals, with risk of fraud cited as the main reason by 59%, followed by data security incidents (49%) and risk of theft (45%)... More
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
PayPal applies for mobile wallet licence in India?
PayPal has applied for a prepaid payment instrument (PPI) licence from the Reserve Bank of India (RBI) to enter the mobile wallet space in the country, according to the Economic Times... More
Facebook tests in-store QR code rewards
Social media giant Facebook is testing a Rewards feature that lets users scan a personalised QR code to get discounts or bonuses when they make an in-store purchase... More
Gemalto completes 3M biometrics acquisition
PARTNER NEWS: Digital security giant Gemalto has completed the acquisition of 3M’s Identity Management Business, adding biometric technologies to its Government Programs offering... More
HSBC adds Apple Pay in Australia
HSBC has become the latest bank in Australia to add support for Apple Pay... More
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Frost & Sullivan explains how the blockchain is set to change the payments ecosystem
Financial services will be “strongly impacted” by the rise of blockchain technology and the payment ecosystem as a whole will be the most interesting vertical to target for early blockchain technology successes — but the road to this success is long, says Frost & Sullivan’s global program director. More
Samsung Pay rolls out to Gear S3 in Korea as Samsung Pay Mini launches
Samsung Pay is now available on the Gear S3 smartwatch in Korea and Samsung Pay Mini — the pared-down version of the mobile payment service — has also gone live in the country... More
Customer satisfaction high for banks offering mobile payments
Customer satisfaction, overall brand image and retention metrics for banks are higher among customers who have a mobile payment service linked to their bank account, findings from the J.D... More
STMicroelectronics launches ST25DV chips that can be read by both RFID readers and NFC phones
PARTNER NEWS: STMicroelectronics has introduced a range of dynamic tag chips that support both the NFC Type 5 and the ISO 15693 RFID specifications, enabling them to be read by both standard NFC smartphones and, at a longer range of up to one metre, by RFID readers. More
Meet NFC World partners at Seamless Middle East
PARTNER NEWS: NFC World partners Antelop Solutions, Gemalto, Mahindra Comviva and Rambus will be attending the Seamless Middle East 2017 expo in Dubai from 1 to 2 May... More
Goode reports on growth of biometric authentication
Revenues for mobile and wearable biometric authentication will exceed US$6.2bn by 2022, Goode Intelligence predicts... More
3.4bn phones will support Apple Pay, Android Pay and Samsung Pay by year end
Some 3.4bn smartphones will be compatible with Apple Pay, Samsung Pay and Android Pay by the end of 2017 — with the number expected to increase to 5.3bn by 2021, research released by IHS Markit reveals. More
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Apple to launch P2P payments and debit card this year?
Apple is working to launch a peer-to-peer (P2P) payment service later this year, according to Recode... More
Guide introduces how Android Pay works
PARTNER NEWS: A seven-page guide that explores how Google’s Android Pay mobile payments platform works and why the service is beneficial to both consumers and banks is now available to download from the NFC World Knowledge Centre. ‘What is Android Pay & how does it work?’ has been produced and sponsored by Rambus and looks at where Android Pay is available today and how it’s positioned for wider deployment and integration throughout 2017. More
Samsung Pay launches in Sweden and the UAE, enters early access in Hong Kong and Switzerland
Samsung Pay has expanded to four additional markets with official launches in Sweden and the United Arab Emirates (UAE) and early access launches in Hong Kong and Switzerland. The service has also been made available on Samsung’s Gear S3 smartwatch in Russia, Sweden and the UAE in addition to its availability on the Gear S3 in the US, Singapore and Australia. More
bPay contactless wearables enable automatic donations to UK charities
A new range of wearable devices equipped with Barclaycard’s bPay contactless technology will enable UK consumers to automatically donate the small change from any contactless payment they make using the device to charities of their choice. More
UK restaurant chains test digital mobile banking receipts tied to customer purchases
Restaurant chains Eat and Bel-Air are piloting a service in their London locations that delivers real-time receipts to a customer’s mobile banking app by linking to the purchases they make using their bank cards at the retailer’s point-of-sale terminal. The service is also being trialled by UK challenger bank Monzo. More
Apple marks Earth Day with Apple Pay donations
Apple is celebrating Earth Day by donating US$1 to the World Wildlife Fund (WWF) whenever a customer makes a purchase in an Apple store using Apple Pay... More
WeChat Pay and offline mobile payments see “incredibly high” uptake in China
Nine in ten Chinese mobile internet users (92%) choose mobile payment apps such as WeChat Pay as their primary offline payment method today, research released by Tencent Online Media Group’s newly launched research project China Tech Insights reveals, while “smartphone built-in payment tools” such as Apple Pay are currently used by approximately 12%. More
Visa EMV transactions pass 1bn in the US
US consumers made more than one billion Visa chip transactions for the first time in March 2017, an increase of 330% compared to a year previous... More