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    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

    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.

    Facebook Messenger adds group payments in the US

    April 12th, 2017

    Facebook Messenger users across the US can now send and receive money between groups of people in a Messenger conversation by selecting the payments icon and then choosing who to send or request money from using a list of conversation participants. More

    Westpac adds Samsung Pay in Australia

    April 11th, 2017

    Westpac has become the first of Australia’s big four banks to begin supporting Samsung Pay, taking the service to “millions of Westpac Mastercard and Visa debit and credit cardholders” following its launch in the country with support from American Express and Citibank in June 2016. Westpac added support for Android Pay in December 2016 and was one of four banks that were recently denied access to the NFC technology in Apple iPhones by the Australian Competition and Consumer Commission (ACCC).

    Deutsche Bank customers get HCE mobile payments

    April 5th, 2017

    Customers of Deutsche Bank in Germany can now make host card emulation (HCE) based mobile payments using their Mastercard credit or debit card through the bank’s Deutsche Bank Mobile app. “Customers who have the app loaded on their Android smartphone (version 4.4 and above) can make cashless payments worldwide at 6m Mastercard acceptance points,” Deutsche Bank says. The bank has approximately 300,000 customers with a Mastercard and an Android smartphone.

    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.

    Sweden becomes first Nordic country to get Samsung Pay

    March 9th, 2017

    Samsung Pay has launched in beta across Sweden, the first Nordic country to see the mobile payment service rolled out, with support from debit and credit card providers Mastercard, Mastercard SAS, Visa, Eurocard, and banks… More

    Belgium becomes tenth country to go live with Android Pay

    March 7th, 2017

    Android Pay has launched in Belgium with support for Mastercard and Visa credit cards from BNP Paribas Fortis, Hello Bank! and Fintro, with debit cards issued by the three banks plus CBC/KBC expected to be… More

    Apple Pay goes live in Ireland with support from Mastercard, Visa and two banks

    March 7th, 2017

    Apple Pay has been launched across Ireland with support from Mastercard, Visa, KBC and Ulster Bank, allowing customers to make in-store, online and in-app payments using their compatible devices. The mobile payment service will also… More

    Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm

    March 2nd, 2017

    Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More

    Rambus unveils Unified Payment Platform for mobile payments and loyalty

    February 27th, 2017

    PARTNER NEWS: Rambus has unveiled a mobile payments platform that will allow retailers to launch mobile payment and loyalty services that securely store and manage a variety of payment cards, as well as gift cards… More

    Crédit Mutuel Arkéa launches HCE mobile payments developed with Antelop

    February 23rd, 2017

    PARTNER NEWS: Customers of French bank Crédit Mutuel Arkéa can now make host card emulation (HCE) based mobile payments using the bank’s Paylib mobile app and authorise payments at the point of sale with a… More

    US banks launch money-transfer app

    February 23rd, 2017

    Nineteen US banks have launched Zelle, the mobile P2P money transfer service unveiled last October to compete with the likes of Venmo, allowing users to send money directly to each other’s bank accounts within minutes. Bank of America says it is the first to incorporate Zelle into its own app, with a standalone Zelle app available later this year for anyone with a debit card.

    EMV card shipments grow less than 1% in 2016

    February 20th, 2017

    Global EMV payment card shipments increased by less than 1% year-on-year in 2016, reaching nearly 3bn, ABI Research says. “Between 2012 and 2015, the market became accustomed to annual growth rates in the 20% to 35% range, as first China and then the US began their respective migration programs,” the research firm adds. “But, as overstocking paired with near saturation points hit both countries simultaneously, orders significantly slowed.”

    Jaguar brings in-car fuel payments to Shell service stations

    February 15th, 2017

    Luxury car maker Jaguar has begun integrating a mobile payments system into its vehicles, allowing drivers to use PayPal or Apple Pay to pay for fuel at Shell service stations using an app and the… More

    Smart Benches offer Londoners chance to make contactless charity donations

    February 6th, 2017

    Ten Smart Benches have been installed across London to enable passersby to donate £2 (US$3) to Cancer Research UK with a tap of their contactless debit or credit card. The Smart Bench network is currently being piloted in two boroughs in the city, with a further 90 benches to be permanently rolled out later this year. More

    France to increase contactless limit to €30

    February 6th, 2017

    The contactless spending limit in France will increase from €20 (US$21) to €30 (US$32) at the end of this year. From March 2017, contactless payment terminals will be reconfigured to accept payments up to the new limit and, from October, new bank cards will be issued to consumers. According to French bank card association Groupement des Cartes Bancaires, about 40% of consumers will have their new card with the €30 spending limit by the end of 2018.

    Indian government unveils sweeping proposals to reduce the use of cash

    February 2nd, 2017

    The Government of India has introduced a series of incentives designed to encourage consumers and businesses to adopt digital and mobile payments and significantly reduce the use of cash in the economy — including plans… More

    Target to launch mobile payment service this year

    January 24th, 2017

    US retail giant Target is to introduce its own mobile payment service to “one or more of its own apps” later this year, the company’s Michael McNamara has told Recode. “It’s not clear if Target will add the payment feature to its main Target app, its popular Cartwheel coupon app or both,” the publication reports. The service will initially be available to customers with Target REDcards, “debit or credit cards that come with perks like 5% off Target purchases and free shipping on online orders”. Reports that Target was planning to launch a mobile payment service emerged in December 2015.

    25% of UK card payments now contactless

    January 16th, 2017

    A quarter of all UK card transactions in November 2016 were made using contactless debit and credit cards, The UK Cards Association reveals. A record £2.9bn (US$3.5bn), from 325m purchases, was spent using the technology during the month — an increase of 184% from November 2015 when contactless spending passed £1bn in a month for the first time.

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