What's New in Payments

Worldline to acquire Ingenico for €7.8bn

Worldline to acquire Ingenico — Worldline — “This transaction would combine two premier companies to create the world’s number four player in payment services with circa 20,000 employees in approximately 50 countries… Upon closing, the new combined group would offer best-in-class payment services to nearly 1m merchants and 1,200 financial institutions.” 


NFC World

Mercer University reports on iPhone NFC ID adoption

Mobile student ID coming soon to Android devices — The Cluster — “Eight months after the launch of a mobile Bear Card for Apple devices, associate vice president for auxiliary services Ken Boyer said the digital credential will become available for Android devices in the second quarter of 2020… Boyer said 3,198 students, faculty and staff have enabled the digital ID since. The Office of Auxiliary Services anticipates that 2,500 more users will sign up once the Android option is available.” 


NFC World

NXP leverages NFC for easy pairing in new Bluetooth SoC

NXP delivers new Bluetooth microcontroller intelligence with value-added NFC peripheral — NXP — PARTNER NEWS — “By tapping an IoT device based on the QN9090T to a smartphone, tablet or other NFC reader device, a BLE connection can be quickly established, greatly simplifying the pairing process. The built in NFC NTAG eliminates the need for the tag to be powered and creates additional opportunities for diagnostics or device commissioning in stages of the device life cycle.” 




What's New in Payments

IBM patents self-aware cryptocurrency token

IBM awarded patent for ‘self-aware token’ — Coindesk — “The patent outlines a ledger-based payments system that could make it easier for individual users, businesses and governments to track and trace transactions made using a cryptocurrency. Dubbed the ‘self-aware token’, it is designed to record all transaction data when not being used on a payments platform IBM patented in 2012. When the token rejoins the platform ecosystem at a later stage, it automatically uploads data from any ‘off-line transactions’.” 


Digital bank replaces interest rates with reward points

Texas Capital Bank launches all-digital Bask Bank, offering savers American Airlines AAdvantage miles — Texas Capital Bank — “Traditional savings accounts return pennies on the dollar. Bask Bank changes that by rewarding savers with miles, enhancing their saving potential and providing them with choice, value, and the opportunity to experience travel and more through the AAdvantage program. Bask Bank will also offer several ways to earn AAdvantage bonus miles, including an account opening bonus of 5,000 AAdvantage miles, a feedback bonus and a variety of balance bonuses.” 


NFC World

Apple to launch Ultra Wideband item tracking tags?

Kuo: Apple to launch AirTags, small charging mat, new iPads and Macs, high-end headphones, and more in first half of 2020 — MacRumors — “Last year, MacRumors uncovered evidence of Apple working on Tile-like item tracking tags in iOS 13 code, including a potential ‘AirTags’ name. As with iPhone 11 models, Kuo believes the tags will support Ultra Wideband, which would likely make it possible to locate the tags with much greater accuracy than Bluetooth LE and WiFi.” 


What's New in Payments

Cambodia to launch blockchain-based national QR payments platform

NBC’s digital payments to go live in next few months — The Phnom Penh Post — “The National Bank of Cambodia (NBC) will launch a blockchain-based, peer-to-peer payment and money transfer platform in the next few months… Bakong, essentially a quasi-form of a central bank digital currency (CBDC), was launched on a trial basis in July and will be operational within the present fiscal quarter… Bakong will help set a national standard for QR code usage, which will be integrated with Asean equivalents.” 


What's New in Payments

Mastercard rolls out Cash Pick-Up service that lets anyone send cash to ATMs

Mastercard wants to give you fast access to cash — using only your cell phone — CNBC — “Consumers can withdraw money sent by friends and family, get cash in emergency situations (in the event of a lost bank card, for example), and redeem rebates or other cash rewards that corporations have historically sent via mail… Users receive a text message with an order amount, secret code and link showing the nearest ATM from which they can withdraw money — up to US$500 per order and $3,000 a day.” 


What's New in Payments

Payments Canada adds support for delayed debit card authorization

New Payments Canada rule enables wider use of digital debit payments — Payments Canada — “With delayed authorization, a merchant can now opt to provide a service before a payment transaction is authorized. In the example of a transit operator, this will support a passenger being able to pay and ride without having to wait for payments authorization. Beyond transit, Rule E5 is designed to enable other possible use cases, for example payment at parking meters, payment for on-board purchases (airline/train/ferry) and payment for vending machine purchases.” 



What's New in Payments

Google to sunset Payment Request API

Rethinking Payment Request for iOS Chrome — Google — “The best way to enable more seamless and secure payments on the web is to enable an interoperable ecosystem, where digital wallets can bring their best experience to the web. This means shifting focus to the Payment Handler API, which is an emerging W3C standard that allows third party payment handlers, which can be either native mobile apps or progressive web apps, to integrate with the browser to handle Payment Requests… This shift in focus means that we will eventually sunset Chrome’s built-in ‘basic-card’ payment handler.”