Samsung Pay to launch in France ‘before the summer’

Groupe BPCE to become the first banking group to launch Samsung Pay in France for Banque Populaire and Caisse d’Epargne customers — Groupe BPCE — “Groupe BPCE is announcing the launch in France of the Samsung Pay mobile payment solution, before the summer and on an exclusive basis, for Banque Populaire and Caisse d’Epargne customers equipped with compatible Samsung smartphones… Customers will be able to make purchases with their smartphones wherever contactless Visa payments are accepted. Holders of the Apetiz meal voucher card will also soon be able to pay for their lunches directly with the Samsung smartphones.”

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.”

Insurance giant Allianz to offer mobile payments service with built-in cover for purchases

Allianz and Visa launch mobile payment and loyalty app — Allianz — “The mobile payment and loyalty app is the first of its kind in the insurance industry and enables customers to make fast, safe and easy payments with their mobile device online and in stores… Allianz Prime users also benefit from an attractive loyalty program, a smart spend tracker to simplify money management as well as Allianz Partners’ Digital Payments Protection… The Allianz Digital Payments Protection provides coverage against fraud, safeguards and supports customers in case of defective or damaged online purchases and provides financial compensation in case of a loss.”

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.”

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.”

Visa CEO plots central role in IoT payments

Visa CEO Al Kelly is planning for the day washing machines can make purchases — CNBC — “‘As the internet of things emerges and we see many more connected homes, connected cars and connected offices, you may end up with four, five, six, eight places in your home where you could actually buy from,’ Kelly told CNBC for Fortt Knox… ‘We at Visa are trying to make sure that we work with manufacturers around the world to create an on-ramp to facilitate payments from any of those locations,’ Kelly said. ‘We just want to be in the middle of that.’”

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.”

Survey finds high level of consumer satisfaction with mobile payments in US and UK

Auriemma Consulting Group conducts parallel study of mobile pay usage in the US and the UK — Auriemma Consulting Group — “While UK cardholders are slightly more likely than their US counterparts to have used Apple Pay (12% v 9%) and Visa Checkout (9% v 6%) within the past month, other options, such as PayPal In-Store Checkout (5% each) and Android Pay (4% each) show similar usage patterns. Although usage metrics are low, satisfaction with each technology is extremely high.”

US survey finds growing support for biometrics as a replacement for passwords and PINs

Visa survey reveals consumers are ready to say goodbye to passwords — Visa — “Seventy percent of respondents find biometrics easier than passwords and 61% consider it faster. Fewer than a third of consumers use unique passwords for each of their accounts. Fifty percent of consumers responded that the top benefit of using biometrics is eliminating the need to remember multiple passwords or PINs, followed by 46% who said that biometrics is more secure than passwords or PINs for verifying identity.”

Visa to add sounds, animations and haptic feedback to transaction confirmations

See, hear and feel the evolution of Visa through sensory branding — Visa — “These new sound, animation and haptic (vibration) cues will help signify completed transactions in digital and physical retail environments when you pay with Visa… Visa’s sensory branding will be available as a software development kit (SDK) on the Visa Developer Platform, and through the Visa Ready program for deeper integration requirements, in 2018.”

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.”

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.”

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.”

Visa gives approval to prepaid cryptocurrency card

Visa approves Monaco cryptocurrency card for Singapore residents — Bloomberg — “Visa Inc has approved a prepaid card backed by the cryptocurrency Monaco as the world’s largest payments network continues its foray into digital currencies… Visa has also approved programs for BitPay and Shift Card that allow consumers to convert cryptocurrencies into legal tender and deposit those funds into a bank account that is linked to a Visa debit or prepaid card.”

Feed for stories featuring Visa.

• Find a list of all the companies and other organisations that have been featured in NFC World in our directory.

Page 1 of 3612345...Last »