What's New in Payments

US Bank to test connected fleet car payments

Mastercard and US Bank Voyager put fleet managers in the driver’s seat — Mastercard — “Mastercard today unveiled a new service to automatically integrate fuel and maintenance data from a connected car’s dashboard into the payment process… US Bank will be the first to pilot these new features, giving fleet managers the flexibility, visibility and control to manage day-to-day expenses.”


What's New in Payments

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.”


What's New in Payments

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.”


What's New in Payments

US Bank to use phone location data to authorize transactions

US Bank adds opt-in location services to mobile app, making life on the go more flexible during the holidays — US Bank — “US Bank has added location services to the US Bank Mobile App, offering US Bank Visa credit and debit card customers technology that uses their phones’ location to help verify whether their mobile devices and credit or debit card are in the same location. By using the mobile device’s location in the authorization decision, US Bank can help give consumers the confidence that their transactions will be approved, minimizing disruptions and further reducing the risk of fraud.”



What's New in Payments

Digital payment platforms primed to topple cash

Digital payment platforms primed to topple cash — US Bank — “According to the recent US Bank Cash Behavior Survey, 47% of consumers surveyed say they prefer the use of digital apps to make payments versus cash (45%)… Overall, 50% of survey respondents reported carrying cash less than half of the time. When they do carry cash, nearly half of consumers surveyed keep less than US$20 on hand, and 76% keep less than $50.”



What's New in Payments

Samsung reveals S8 with multi-biometrics, Samsung Pay reaches quarter of a billion transactions and adds online payments

Samsung Galaxy S8

Samsung has unveiled its latest Galaxy S8 and S8 Plus flagship devices, with support for iris and facial recognition technology and a fingerprint sensor which is now located on the back of the phone. Samsung Pass deals with major banks, an expansion of Samsung Pay to include online payments and details of its Bixby virtual assistant have also been announced. More