UK businesses using digital banking solutions provider Bottomline Technologies’ C-Series payments processing module will soon be able to send payments to recipients using only their mobile phone number through the Barclays’ Pingit mobile app or the Paym mobile payment platform, which is also supported by Barclays... More
More than £146m has been sent using peer-to-peer mobile payments platform Paym since its launch in 2014, with 1.46m payments sent in the second half of 2015 compared to 774,628 in its first six months — an increase of 89% — the company has revealed. More
The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports... More
More than one million Brits have now registered for Paym, the mobile payments service operated by the UK’s Payments Council, with just over £6.5m being sent on the platform since its launch in April this year... More
Mobile and internet banking in the UK is now being used for transactions worth nearly £1bn a day and totalling £6.4bn a week, up from £5.8bn last year, according to an industry-wide report on how mobile technology is changing the banking industry from the British Banking Association and Ernst & Young... More
More than 500,000 UK bank account holders have signed up for Paym mobile payments since its launch last month, the Payments Council reports, and the organisation is now looking at adding additional proxies to the service, such as email addresses and driving license numbers, as well as making Paym available for other types of payment requests and international transfers... More
The Payments Council, the industry body responsible for setting strategy for payments in the UK, has told NFC World that it is developing a platform that all British banks will be able to use to deliver a range of mobile payments services. More
News in brief from the NFC world and beyond: Inside Contactless ships 250m cards, changes name • Visa matches phone and card locations • UK debit cards overtake cash • PayPal rewards best customers • Retailers test mobile POS • Mobile barcode usage up 30% • Which mobile OS where? • and more… More
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