POS terminals that support 23 different QR, contactless and NFC payments services roll out in Singapore

Unified cashless payment system rolled out at 500 hawker stalls across Singapore — The Straits Times — “The solution, provided by Nets, unifies payments from 23 providers, so dining customers can use different cashless payment options at a single payment terminal at a food outlet. This also saves hawkers the hassle of dealing with multiple e-payment firms. These include e-wallets like Singtel Dash and GrabPay, transport cards EZ-Link and Nets FlashPay, and credit cards such as Visa and Mastercard.”



Crédit Agricole pilots biometric bank cards

Mastercard collaborates with Crédit Agricole on biometric card trial in France — Mastercard — “Mastercard is working with Crédit Agricole Payment Services on a biometric card pilot for 200 customers in Touraine and Poitou, who will trial the card which features an integrated fingerprint sensor. Cardholders will place their finger on the sensor to make secure and prompt contactless payments without the ceiling limit of 30 euros.”


Visa, Mastercard and PayPal back Facebook’s Libra cryptocurrency launch

The Libra Association — Libra — “Libra is a global, digitally native, reserve-backed cryptocurrency built on the foundation of blockchain technology. People will be able to send, receive, spend, and secure their money, enabling a more inclusive global financial system… The Libra Association is made up of a group of diverse organizations from around the world… This initial group of organizations will work together to finalize the Libra Association’s charter and will become the association’s Founding Members upon its completion.”



BBVA to roll out single mobile payments platform for all its banks around the world

BBVA builds a global payment platform for the future — BBVA — “BBVA Group has developed a platform to facilitate mobile payments across all the countries in its footprint. The platform developed by BBVA connects to Visa and Mastercard directly from each country’s application and provides the data required to process digital transactions from a smartphone”


Mastercard to make Apple Card technology available to other issuers

Inside the Apple Card: Mastercard’s ‘digital first, physical optional’ platform — PaymentsSource — “Following about 18 months of secretive development with Apple and Goldman Sachs, Mastercard is ready to bring the same offering to other issuers. Its platform carries over many of the features that Apple Card users will get, according to Chris Reid, Mastercard’s executive vice president of cyber intelligence and data services for North America.”





Edenred pilots biometric cards for state benefit payments

Mastercard and Edenred Bank announce first biometric card trial in Mexico — Mastercard — “Mastercard and Edenred today announced the first regional test of biometric card technology in Mexico. The effort, focused on state benefits programmes, features an embedded fingerprint sensor that provides an additional layer of security to conveniently verify the cardholder’s identity for in-store purchases.”






Mastercard sets out vision for consumer-centric digital identities

Mastercard introduces consumer-centric model for digital identity — Mastercard — “Mastercard’s model embodies privacy by design and does not aggregate identity data. It will enable digital interactions to occur with minimal data exchanged and only when needed, and will safeguard data and the use of data effectively such that the users are in control, with a person’s identity securely bound to their smartphone.”




Singapore to roll out open loop payments on public transportation

New SimplyGo system to let bank cards double up as public transport travel cards — The Straits Times — “Commuters with Mastercard contactless bank cards can use it to pay for public transport rides under a new system to be launched on 4 April 2019. The SimplyGo platform will do away with the need to top up stored-value cards, with fares for rides reflected in commuters’ credit or debit card bills, just like their retail purchases. Visa card holders will get the same convenience later this year.”


Dubai carrier looks to passive biometrics for payments security

Mastercard and du partner to usher in a new era of payments experiences and security across the Middle East and Africa — Mastercard — “NuDetect uses machine learning to analyse ‘passive biometrics’ like how a person types, holds their phone, moves their mouse or where they use their phone, to anticipate and prevent fraudulent card-not-present transactions, which includes ecommerce payments. The process to verify the user occurs without introducing any friction or interruption in the transaction.”


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