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.”


BBVA brings Android Pay to Spain

BBVA brings Android Pay to Spain — BBVA – “BBVA and Google today announced the launch of Android Pay in Spain. This payment system will allow BBVA customers to use their Visa and Mastercard cards in order to pay with their mobile phones. Android Pay will be operational in the more than one million businesses in Spain with contactless technology.”




Mastercard expands QR payments choice

Mastercard expands QR payments choice — Mastercard — “Beginning this month, the company will broaden its solutions to offer QR codes that can be scanned by either consumers or merchants under a common set of global specifications… The company’s consumer-presented solution will allow the merchant to scan a QR code from a smartphone and process the payment through the Mastercard network. It will leverage M/Chip technology to provide a secure way to pay based on EMV infrastructure.”


Mastercard and Visa lose share to UnionPay in global cards market

Mastercard and Visa lose share to UnionPay in global cards market — RBR — “The continued rapid expansion of the Chinese cards market has helped UnionPay to increase its share of cards to 43% in 2016, and extend its lead over Visa and Mastercard. UnionPay has been the largest scheme globally for card numbers since 2010 and, by the end of 2016, there were more than six billion UnionPay branded cards in circulation.”


Commuters on the F1 Manly to Circular Quay ferry first to tap into contactless ticketing on one of Sydney’s most iconic routes

Commuters on the F1 Manly to Circular Quay ferry first to tap into contactless ticketing on one of Sydney’s most iconic routes — Mastercard — “Paying for a ferry ride is now as easy as tap-and-go, as Mastercard and Transport for NSW bring contactless ticketing payment to Sydney Ferries… In an Australian first, commuters can use their Mastercard contactless card or mobile wallets that have enabled Mastercard cards to tap on.”


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.”





Mastercard and Western Union explore digital model for refugee camps

Mastercard and Western Union explore digital model for refugee camps — Mastercard — “Mastercard and Western Union examined the needs, challenges and opportunities for refugees and their host communities at two settlement camps in northwestern Kenya. The findings have led to the development of Smart Communities: Using Digital Technology to Create Sustainable Refugee Economies, a blueprint that would combine digital access to remittances, banking, education, healthcare and other basic needs.”


Transfer money instantly to your bank account with PayPal

Transfer money instantly to your bank account with PayPal — PayPal — “PayPal users in the U.S. will soon be able to instantly transfer money to their bank accounts via eligible debit cards linked to their PayPal account… Our beta of this is now available to select PayPal users and will be made available to all U.S. PayPal users with eligible Visa or Mastercard debit cards over the coming weeks and months.”



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