Monday 24 April 2017 | RSS

 
    Feedback
     

    Contactless

    News about Contactless.

    Orange to launch mobile-only bank with NFC payments and AI

    April 21st, 2017

    Mobile network operator Orange is to launch a mobile-only bank in France in July this year that will offer customers NFC mobile payments, P2P mobile transfers using SMS and an artificial intelligence-based virtual assistant that will eventually be able to complete tasks including making transfers and putting funds in savings. More

    Mastercard tests biometric payments card in South Africa

    April 20th, 2017

    Employees at Pick n Pay supermarket stores and Absa Bank staff across South Africa have been trialling a biometric card developed by Mastercard that lets them make a payment at any EMV terminal and authenticate the transaction by placing their finger on the embedded sensor. Additional trials are planned over the next few months, with a full roll out expected “later this year”. More

    Square to launch physical debit card?

    April 18th, 2017

    mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode. The move would follow the launch of a virtual Square Cash card in December 2016 that lets users make payments using their Square Cash balance anywhere Apple Pay is accepted. “Square may end up incentivising Square Cash users to spend their money at Square brick-and-mortar merchants, since the company would make money from both sides of those transactions,” the publication reports.

    Visa and American Express to strengthen security for stolen contactless cards

    April 12th, 2017

    Visa is to bring all of its contactless transactions online this year across 10 European countries to give consumers “more control over their accounts” following calls from the UK’s Financial Conduct Authority (FCA) for banks to tighten the processes they undergo when a customer reports a stolen contactless card. American Express is also “reviewing options” to ensure those who cancel their cards are protected against contactless fraud. More

    More than 150m people to use Apple Pay, Samsung Pay and Android Pay by end of 2017

    April 11th, 2017

    The number of consumers using OEM Pays — mobile payment services delivered by handset manufacturers — such as Apple Pay, Samsung Pay and Android Pay will exceed 100m for the first time during the first half of 2017 and is expected to surpass 150m by the end of the year, Juniper Research reveals, while host card emulation (HCE) adoption is set to rise five-fold over the next four years. More

    UAE residents to use NFC for ‘a wide range’ of mobile payments services

    April 10th, 2017

    Consumers across the United Arab Emirates will soon be able to make payments across a “variety of services” using their mobile phone and Empay, a common mobile payment platform based on NFC. The solution forms part of Dubai’s Smart Government Initiative which aims to transform Dubai into the world’s smartest city. More

    PayPal and Visa extend payments deal to Asia Pacific

    April 6th, 2017

    PayPal users across Asia Pacific will soon be able to make in-store NFC mobile payments in all Visa supporting locations, following an announcement by PayPal and Visa that they are to expand their US payments agreement to the region. The move will see PayPal making use of the Visa Digital Enablement Program (VDEP) to tokenize payments made in-store by its customers on a mobile phone or connected device.

    Australian banks lose fight to gain access to NFC functionality in Apple iPhones

    April 3rd, 2017

    The group of Australian banks seeking stronger negotiating powers with Apple over the NFC technology within its iPhone handsets have been denied access to it by the Australian Competition and Consumer Commission (ACCC) on the grounds that the proposed conduct would “reduce or distort competition in a number of markets” and that the benefits are “outweighed by the detriments”. More

    UK regulator calls for banks to tighten cancellation processes for stolen contactless cards

    March 31st, 2017

    The UK’s Financial Conduct Authority has set out measures it plans to tighten the processes banks undergo when a customer reports a stolen contactless card, which currently allow — in a “limited set of circumstances” — for a stolen card to be misused by fraudsters “several months after it has been cancelled”. More

    Square arrives in the UK

    March 28th, 2017

    Mobile POS provider Square has launched in the UK. “Whether you have a traditional brick-and-mortar shop or a mobile or online business, you can use Square Reader to take chip and PIN cards, contactless cards and mobile payments like Apple Pay and Android Pay anywhere you are doing business,” the company writes in a blog post. Square is now available in the UK, US, Canada, Japan and Australia.

    Nordic banks roll out first mobile payment services with support for Dankort

    March 28th, 2017

    Customers of more than 60 banks belonging to The Bokis Partnership have become the first in Denmark to be offered a mobile payment service for Dankort, the country’s national debit and credit card. The service is available through the mobile apps offered by each of the supporting banks and works on Android handsets through host card emulation (HCE) and on iOS through a Bluetooth acceptance device at the point of sale. More

    Nordea Bank: PSD2 will require banks to adopt a ‘totally new way of viewing their customer base’

    March 27th, 2017

    Significant confusion and a high level of fragmentation can be expected over the next five years as European financial institutions become accustomed to new regulations under the Payment Services Directive (PSD2) which will open the door to new competition within the European payment services market, says Nordea Bank’s vice president of strategic business development, transaction banking and business innovation. More

    Ted Baker and Mondaine to add NFC payments to watches

    March 27th, 2017

    Fashion brand Ted Baker and Swiss luxury watchmaker Mondaine are to integrate NFC payments into a range of watches to enable customers to make payments using technology supplied by Tappy Technologies, which has also partnered with Barclaycard to offer bPay contactless payment technology in the UK. Tappy is also integrating NFC payments into watches supplied by Technos and Saga as well as smartphone brand Meizu’s Newatch. Mondaine began adding NFC payments to watches in February 2016.

    White paper explores how dedicated Android NFC devices can be used to improve the delivery of financial services in emerging markets

    March 23rd, 2017

    Secure, affordable and dedicated Android NFC devices issued to local agents, farmers and financial institutions in emerging markets are improving the delivery of a wide range of services including branchless banking, know your customer procedures and food aid distribution, according to a 19-page white paper that is now available to download from the NFC World Knowledge Centre. More

    Contactless overtakes traditional card payments in Hungary

    March 17th, 2017

    Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says. “Whereas in 2015 contactless payments accounted for 30% of payments, in 2016 more than half (51%) of payments were conducted with the new technology,” says Magyar Nemzeti Bank. Nearly 63% of payment cards and more than three quarters of POS terminals now allow contactless payments in Hungary.

    FNB reports ‘sharp rise’ for contactless in South Africa

    March 16th, 2017

    South Africa’s First National Bank (FNB) has seen a 270% increase in the number of contactless payments made with its credit cards over the last six months. “While the number of contactless transactions by customers averaged 1.5 taps per month in May 2015, they climbed to an average of 2.5 per customer by January 2017,” FNB says. “The number of customers using the technology has risen sharply by 227% in the last six months.”

    ING offers Mastercard HCE payments in Poland

    March 16th, 2017

    Mastercard cardholders at Polish bank ING Bank Śląski can now make host card emulation (HCE) based mobile payments using a ‘Mastercard on the Phone’ feature inside the My ING app. “Customers may at any time activate the service and conveniently pay for purchases,” says the bank’s Barbara Borgieł-Cury. Nine banks in Poland, including ING, launched HCE payments services with support from Visa in 2015.

    Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’

    March 15th, 2017

    Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian… More

    Industry bodies to standardise management of NFC services

    March 14th, 2017

    Industry bodies ETSI, GlobalPlatform and the NFC Forum are working together to standardise the implementation and management of NFC services “across all technologies and platforms”. The aim is for such services to “successfully coexist within a device and operate as intended”, the organisations say. “For consumers, this clarity brings guarantees that services will work as advertised, regardless of the hosting contactless environment.”

    Tag Heuer unveils connected watch range with Android Pay

    March 14th, 2017

    Luxury watchmaker Tag Heuer has unveiled the second generation of its connected watch range, powered by Google’s Android Wear 2.0 operating system and offering host card emulation (HCE) payments through Android Pay. The Connected Modular… More

    Page 1 of 5112345...102030...Last »