The Reserve Bank of India has removed two-factor authentication — involving the use of one-time passwords sent to mobile phones — for online card transactions up to Rs 2,000 (US$29), Live Mint reports... More
ecommerce
Masterpass comes to 30,000 South African merchants after SnapScan deal
South Africans can now use Mastercard’s Masterpass digital wallet to pay for goods and services at more than 30,000 merchants accepting SnapScan in South Africa, using their mobile phones by scanning a QR code at the point of sale... More
McDonald’s South Africa pilots QR code mobile payments with WeChat
McDonald’s South Africa is piloting a mobile payment service at select restaurants in Johannesburg and Cape Town using social messaging app WeChat Africa, enabling customers to complete purchases by presenting QR codes generated by the app at the point of sale... More
China’s mobile commerce lead over US revealed in IAB report
China is leading the US when it comes to mobile commerce, with nearly twice as many Chinese consumers making a mobile purchase over the previous 12 months than their American counterparts, a study by the Interactive Advertising Bureau (IAB) says... More
Half of global banking customers use fintech services, but trust remains low
Half of banking customers around the world are using the products or services of at least one fintech firm, according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, but customer trust in fintech providers is low... More
Alipay heads to Australia with Commonwealth Bank
Alipay has signed a memorandum of understanding (MOU) with Commonwealth Bank of Australia to enable in-store and online payments for Chinese tourists in Australia... More
EMVCo adds biometrics to 3-D Secure
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions... More
Visa opens up its tokenization platform to third-party suppliers
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device... More
PayPal talks up in-store mobile payments and One Touch adoption
In-store mobile payments have experienced a “long and difficult road” but the functionality is now starting to resonate with consumers, PayPal’s EVP and chief operating officer Bill Ready has told attendees during a keynote at Money20/20... More
Alibaba unveils connected car with Alipay mobile payments
Chinese internet giant Alibaba has unveiled a new “internet car” that will let drivers make mobile payments from their seat using affiliate company Ant Financial’s Alipay mobile payment platform. More
French vineyard to safeguard its entire output with NFC
PARTNER NEWS: The Geantet-Pansiot vineyard estate in Burgundy, France is to equip all of its wine bottles with an NFC tag to let its customers authenticate the beverage and receive information about the wine directly on their smartphone. More
Shopify to support Apple Pay online payments
Merchants with online stores powered by ecommerce platform Shopify will be able to accept Apple Pay for online payments in every country at no extra cost... More
Amazon expands its payments business
Amazon has launched the Amazon Payments Partner Program, a new service designed to enable ecommerce platform providers and developers to offer merchants Amazon Payments, which allows customers to log in and pay using their account with the online retail giant... More
Cancer charity lets supporters use advertising screens to donate to daffodil campaign
Supporters of cancer charity Institut Curie can make donations to its annual Une Jonquille pour Curie (A daffodil for Curie) campaign and purchase a daffodil or a pin by touching their contactless cards against specially adapted advertising screens at France’s Paris Saint-Lazare train station. More
PowaTag sold to investors
Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month... More
Bell ID to support Android Pay integration
PARTNER NEWS: Bell ID has added support for Android Pay to its Token Service Provider (TSP) solution, allowing its customers at issuing banks, payment schemes and processors to keep tokenization and detokenization in-house when they offer secure NFC payments on Android phones using Google’s payment system. More
WeChat Wallet launches pilot in Hong Kong
Chinese ecommerce giant Tencent is testing its WeChat Wallet service with users in Hong Kong... More
MasterCard and Samsung enable grocery payments at the fridge
US consumers will soon be able to place grocery orders with online grocer FreshDirect and supermarket chain ShopRite by entering the items they wish to purchase into a touchscreen built into Samsung’s new Family Hub refrigerator. More
More than 10m consumers sign up for PayPal One Touch
More than 10m consumers have now opted in to PayPal’s One Touch mobile payments solution... More
Xbox One enables on-screen mobile payments through PowaTag
Xbox One gamers across the US can now make online purchases from the game console’s new ecommerce store by scanning on-screen barcodes with their mobile device. TV commerce solutions provider Von Bismark has worked with Powa Technologies to roll out The Mall on Xbox One, which will make use of Powa’s mobile payments platform PowaTag. More