News about Credit.
September 10th, 2015
Discover will begin supporting Apple Pay from September 16 and the company will award cash back to cardholders in the US who use their Discover cards through the mobile payments service. “To the end of the year, cardmembers who pay with their Discover card using Apple Pay will automatically earn an extra 10% CashBack Bonus on up to $10,000 of in-store purchases,” the card network says.
June 16th, 2015
MasterCard is to extend its tokenization services to merchants with in-app, ecommerce and recurring billing card-on-file programs as well as to private label credit cards. The move follows the expansion of Apple Pay to include store-branded debit, credit and loyalty cards. The tokenization services will be available to US and Canadian merchants later this year and will expand across all MasterCard Digital Enablement Service (MDES) markets.
June 8th, 2015
Visa Europe has confirmed that it will play a part in the the UK launch of Apple Pay and will give debit, credit and reloadable prepaid cardholders access to the payment system. “Visa Europe would like to confirm that it is part of the Apple Pay launch in the UK coming at the beginning of July,” the payment network says. “Further details and information will be shared shortly.” MasterCard revealed last week that it was ready to switch on Apple Pay in Europe.
April 23rd, 2015
Vodafone customers in the Netherlands can now make NFC payments with a mobile version of a credit card. Visa credit cards from International Card Services (ICS) can be added to the Vodafone Wallet app running on Android NFC handset equipped with an NFC SIM. Vodafone Wallet users have been able to make NFC payments with the operator’s own SmartPass prepaid account since March 2014.
February 16th, 2015
Apple Pay will be available as a payment option for US Federal Government services from September, CEO Tim Cook has revealed during a White House Summit on cybersecurity and personal privacy. “Apple Pay will be available for many transactions with the Federal Government, like for example, when you pay for admission to your favourite national park,” he said. “We’re also working to make sure credit and procurement cards issued to government employees for their expenses can be used with Apple Pay.”
February 9th, 2015
The spending limit for contactless transactions is to be increased from £20 (US$30) to £30 (US$46) in September 2015, The UK Cards Association has told NFC World. The move follows the news last week that contactless card usage surged in the UK in 2014 to 319.2m transactions with total spend more than trebling to a record £2.32bn.
February 2nd, 2015
Start-up Qvivr has begun taking pre-orders for Swyp, a US$49 dynamic magnetic stripe card that uses Bluetooth LE, incorporates buttons and a display and works in conjunction with a smartphone app to emulate up to 25 credit, debit, gift or loyalty cards. Swyp also uses “sophisticated algorithms”, the team says, to learn “from your behaviours, patterns and surroundings to predict your next purchase decision.”
January 27th, 2015
The HCE wristband unveiled by technology provider Wirecard earlier this month is to be offered on a white label basis, Joern Leogrande, the company’s EVP of mobile services, has told NFC World+. “Our payment wearable…