News about Credit card.
December 7th, 2016
Canada’s Scotiabank has replaced the NFC SIM-based mobile payments service inside its My Mobile Wallet app with a host card emulation (HCE) based solution, the bank has confirmed to NFC World. “This enhancement to our…
December 5th, 2016
The Government of India is working on a mobile app that can be used by shopkeepers and merchants for receiving Aadhaar-authenticated payments, “bypassing credit and debit cards, PIN and password”, Business Standard reports. “Through this mobile application, the handset will be used for authenticating biometrics of customers making Aadhaar-enabled payment,” the publication says. The Unique Identification Authority of India (UIDAI) is also planning to increase the number of biometric authentications made through Aadhaar to 40 crore (400m) a day from 10 crore (100m) to “encourage more use of the platform”.
December 1st, 2016
Apple Pay is now available for HSBC Singapore customers holding Visa and MasterCard credit cards, allowing them to make payments in stores with Visa payWave or MasterCard contactless payment terminals. “We believe the security, privacy and convenience Apple Pay brings will appeal to all our customers, especially those who are also active users of our digital banking services,” says Anurag Mathur from HSBC Singapore. The bank is offering S$5 (US$3.50) off every Apple Pay transaction until 15 January 2017, with a minimum spend of S$10, as a promotional offer.
November 30th, 2016
USAA Bank has updated its digital wallet offering to enable users to add their auto insurance card and medical insurance card to the app. “Members can access their proof of insurance, including a printable PDF for insured vehicles,” USAA says. “Members can also access their Medicare insurance information through their digital wallet.” The service also offers support for Apple Pay, Android Pay and Samsung Pay for USAA Visa and American Express debit and credit cardholders. It added biometric authentication in January 2015.
November 29th, 2016
British accessories brand Tovi Sorga is working with Barclaycard to include contactless payment chips to their wallet cuff range, allowing wearers to make purchases across the UK. “Linked to any Visa or MasterCard debit or credit card registered to a UK address and managed by the bPay mobile app, users have full control and visibility of their spending,” Tami Hargreaves from Barclaycard says.
November 25th, 2016
Indian mobile payment provider Paytm has suspended a new feature in its mobile app two days after its launch, citing the need to “add additional certifications and features” before making it available again. App POS was launched to allow Paytm merchants to accept all debit and credit cards using their mobile phone. “We will re-launch this product as soon as we have updated the product,” Paytm writes in a blog post. App POS was unveiled in the wake of withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes.
November 24th, 2016
Some 25,000 retail locations in Singapore are expected to accept a new mobile payment service within the next 12 months. Liquid Pay enables consumers to make payments by scanning a QR code at the point…
November 23rd, 2016
There are now 388.8m Visa EMV cards circulating in the US, 180.6m of which are credit cards and 208.3m debit cards, the payment network has revealed. “More than 1.7m merchants are now accepting chip cards, a 191% increase in the last year,” the company says. “There were more than three quarters of a billion Visa chip transactions in October, a 453% increase over last year. Chip-ready merchants now represent 41% of Visa’s in-store payment volume.” The US became Visa’s largest chip card market in the world last month.
November 21st, 2016
Digital advertising promoting the availability of Apple Pay at unattended vending machines has resulted in a 36.5% increase in overall sales for cashless vending machine technology provider USA Technologies (USAT) as well as a 135.2%…
November 18th, 2016
French bank Societe Generale is to offer retail customers in France the chance to replace their current Visa cards with ones featuring a dynamic security code developed by Oberthur Technologies. The OT Motion Card replaces the three-digit security number on the back of the card with a mini-screen displaying a code refreshed automatically and randomly every hour. The move comes after French bank card association Cartes Bancaires issued certification for OT Motion Code earlier this month.
November 17th, 2016
PARTNER NEWS: Korean credit card network LotteCard is using digital security giant Gemalto’s Optelio Contactless Stickers to allow its customers to make NFC mobile payments at 35,000 stores throughout South Korea. “The miniature size sticker is one third of the size of a standard banking card and designed to adhere to the surface of any mobile phone,” Gemalto says. “The sticker also doubles as a credit card for online shopping.”
November 15th, 2016
Hong Kong-based blockchain money transfer network OKLink has teamed up with Doku, an Indonesian mobile wallet, to provide customers with cheap, real-time money transfers. The Doku Wallet allows consumers to top up their account via an ATM, through cash at convenience stores, or by linking it with a credit card. OKLink announced last month that it will subsidise all fees on the first US$100,000 of cross-border transfers for every partner on the OKLink network, up to a total of US$100m.
November 15th, 2016
Samsung Pay is to launch a rewards programme in the US this week that will let users earn points for each purchase, which can be redeemed for items such as gift cards at participating stores,…
October 24th, 2016
South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports. It will first be implemented in its mobile credit card app, simplifying the current system that requires additional personal authentication steps for logging in, registering a new credit card and for making mobile payments of 300,000 won (US$264.08) or above.
October 20th, 2016
Britain’s biggest bus operator Stagecoach will install contactless payment technology on all of its regional bus services across the UK by the end of 2018, allowing passengers to pay for travel with a contactless credit or debit card, as…
October 19th, 2016
Nearly six in 10 North American consumers (56%) are now aware of mobile payment services — a 4% increase from this time last year, research from Accenture has revealed. However, the regular use of mobile…
October 13th, 2016
Apple Pay has arrived in New Zealand with support for Visa credit and debit cards issued by ANZ Bank New Zealand. The mobile payment service will be accepted by some of the country’s major retailers…
October 10th, 2016
Vodafone customers in the UK can now make NFC mobile payments through PayPal using Vodafone Wallet at any contactless terminal as well as across the Transport for London (TfL) network and on National Rail services…
October 7th, 2016
September 20th, 2016
Customers of UK bank TSB can now add their debit and credit cards to Android Pay and earn cashback for purchases. “With TSB’s Classic Plus bank account and Mastercard credit card, customers can earn 5% cashback on the first £100 (US$130.39) of contactless purchases — which includes Android Pay — each month,” TSB says. UK banks Santander, Royal Bank of Scotland, NatWest and Ulster Bank added support for Android Pay earlier this month.