Fitbit includes payments on special edition of new Versa smartwatch

Fitbit introduces Fitbit Versa, the smartwatch for all — Fitbit — “Leave your wallet at home and easily pay in any store where contactless payments are accepted… Now available with Fitbit Pay on Fitbit Versa Special Edition products; supported by nearly 40 banks in 14 countries, through eligible US American Express, Mastercard and Visa cards, with more countries and banks rolling out in 2018.”


Mastercard lets small businesses sign up for mobile payments via Facebook Messenger

Mastercard uses Facebook Messenger to help small businesses go digital — Mastercard — “To get started, businesses can send a request to the bot to enable QR payments, receive approval from the bank, set up an account and start accepting digital payments in a fast, simple and secure manner. Once the account setup process is complete, business owners can print and display the QR code in their stores or save the code on their phones… This Messenger experience will launch in Nigeria”



Mastercard issues timeline for contactless card and POS terminal mandates

Betting on contactless: Mastercard pushes chips to center of table — Mastercard — “After October 2018, all new acceptance terminals in Europe, the Middle East, Africa, Latin America and Asia Pacific will have EMV chip and contactless enabled; After April 2019, all new cards issued in Europe, the Middle East, Africa, Latin America and Asia Pacific will have EMV chip and contactless technology; and by April 2023, all merchant terminals in Europe, the Middle East, Africa, and Latin America will be EMV chip and contactless enabled.”


Samsung Pay goes live in Mexico

Samsung Pay now available in Mexico — Samsung — “To bring this service to Mexico, Samsung strategically partnered with some of the country’s leading financial partners, including payment providers (American Express, MasterCard and Visa); banks (Banorte, Banregio, Citibanamex, HSBC and Santander); and banking acquirers, services and tools such as Clip and iZettle… Samsung Pay’s entry into the Mexican market marks the second Latin American country to receive the service and the 20th market worldwide.”


One in five Americans are using voice assistants and chatbots for commerce

Securing conversational commerce: How to make your interactions with virtual assistants safer — Mastercard — “Voice-based and text-based agents are commonly used for basic informational tasks ranging from performing an internet search, to finding the nearest restaurant and giving simple commands such as making a phone call. But a growing number of people are using this interface for more complex tasks, with 21% of respondents using this technology to shop, pay bills, bank online or send money.”


Mastercard to mandate biometric security for online and mobile payments in Europe

Biometric identification must be made available for all Mastercard users by April 2019 — Mastercard — “All consumers will be able to identify themselves with biometrics such as fingerprints or facial recognition, when they shop and pay with Mastercard by April next year… Banks issuing Mastercard-branded cards will have to be able to offer biometric authentication for remote transactions, alongside existing PIN and password verification. It will also apply to all contactless transactions made at terminals with a mobile device.”


Tencent opens up WeChat Pay to overseas credit card holders

WeChat Pay now allows users to bind overseas credit cards — Technode — “Expats living in China and residents of Hong Kong, Macao, and Taiwan — places where WeChat is ambitiously expanding its user base — can now bind and activate WeChat Pay accounts with credit card services provided by MasterCard, Visa, and JCB… This is the first time users are able to use WeChat Pay without having a Chinese bank account or credit card.”


Mastercard to add biometric security to online transactions in Europe

Mastercard establishes biometrics as the new normal for safer online shopping — Mastercard — “Consumers will have the capability to use biometrics, such as fingerprints or facial recognition, as a way to identify themselves when they shop and pay with Mastercard as of April 2019… This shift to biometrics is part of Mastercard’s new action plan to help banks, retailers and partners to prevent fraud and improve the consumer experience in the new digital environment. It also meets new regulatory requirements around Strong Customer Authentication set out by PSD2 and is aimed at ensuring a smoother consumer experience and reducing unjustified declines.”


Mastercard and Here to create in-vehicle services that combine payments and mapping

Mastercard and Here power ride towards a more connected world — Mastercard — “This partnership comes as people look to take advantage of new technologies to make purchases from the convenience of their car’s dashboard and interact with destinations in real-time… Besides further advancing connected vehicle payments, additional use cases that may be explored include mobility-as-a-service (MaaS), demand management and location-based offerings.”


Visa, Mastercard and JCB back payment card with built-in cell phone chip

Dynamics Inc, global banks, payments networks, and telecommunications carriers unveil Wallet Card — Dynamics — “With almost 200 internal components, this Internet of Things device incorporates a number of cutting-edge technologies including: A cell phone chip and cell phone antenna so data can be transferred between Wallet Card and the bank anywhere in the world and at any time of the day; A battery and organic recharging chip so that the card charges itself through normal operation. Wallet Card can last indefinitely without the need for the consumer to perform any physical action.”



Garmin Pay adds support for Visa credit, debit and prepaid cards

Garmin and NXT-ID subsidiary FitPay expand Garmin Pay to Visa accountholders — Garmin and NXT-ID — “Garmin Pay is now available to Visa accountholders from numerous participating issuing banks including Bank of America, Capital One, and US Bank in the United States, and BonusCard, Cornér Bank, ANZ and NAB (National Australia Bank) internationally… Garmin Pay was initially launched in November 2017 for Mastercard accountholders.”



Garmin Pay goes live in US, Switzerland, Russia and Australia

Garmin and NXT-ID subsidiary FitPay announce Garmin Pay now live on Garmin Vivoactive 3 smartwatch — NXT-ID and Garmin International — “The new contactless payment capability is powered by the FitPay payment platform and available initially for Mastercard cardholders from numerous issuing banks and credit unions including BECU, Capital One, First Tech Federal Credit Union, and US Bank in the United States, and internationally through Commonwealth Bank of Australia, Cornèrcard, Sberbank of Russia, and Swiss Bankers Prepaid Services Ltd.”


Mastercard applies for blockchain ‘instantaneous payment’ patent

Method and system for instantaneous payment using recorded guarantees — USPTO — “The present disclosure relates to the use of recorded guarantees for payment transactions for verification by acquiring institutions to facilitate instantaneous payment to a merchant involved in the payment transaction, specifically the use of a blockchain or other third party network for verification of a guarantee associated with the payment transaction.”


PayPal tops US survey of most trusted financial services brands

Landor Pulse: PayPal leads as most trusted financial services brand — Landor — “Approximately 30% of consumers rank PayPal as trustworthy, compared with 25% for Visa, 23% for Mastercard, and 17% for American Express… Apple Pay and Google Wallet are trusted by only 13% of consumers… Just 17% think Capital One and Chase are trustworthy, with Bank of America one point below at 16%… Bitcoin has the lowest rating of all, with only 6% of consumers believing it to be trustworthy.”


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