Nearly half of Canadian banking executives (46%) do not think they have the IT infrastructure systems and processes in place to meet present and future customer expectations for mobile payments, research from telecommunications provider CenturyLink reveals. “70% said they don’t have the infrastructure in place, or it needs improvement, for digital channels,” the company adds... More
Infrastructure
Gemalto and InComm to deliver prepaid contactless cards to mobile devices
PARTNER NEWS: Digital security specialist Gemalto has partnered with prepaid card provider InComm to enable mobile wallet providers to offer prepaid NFC mobile payment services... More
Gemalto predicts fast uptake of Apple Pay in the UK
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts... More
Dutch banks plan instant payments
Dutch banks have laid out plans to facilitate instant payments within four years, with a view to creating a “new payment infrastructure” that would transfer payments within five seconds... More
Payments veteran Buffy Duke joins Carta
PARTNER NEWS: Transaction technology provider Carta Worldwide has hired Elizabeth “Buffy” Duke as its vice president of business development... More
Apple Pay is top choice among US consumers as mobile payment security concerns fade
Apple Pay has become the top choice of services among US consumers planning on using mobile payments in the next 90 days, a survey conducted by 451 Research has found — and consumers increasingly think mobile payments are more secure than credit cards. More
Visa CEO discusses Apple Pay and tokenization rollouts
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call... More
Bluetooth 4.2 to increase speed and security of Smart devices
The Bluetooth Special Interest Group (SIG) has adopted version 4.2 of the Bluetooth core specification, introducing security improvements that mean Bluetooth beacons are now unable to engage with smartphones without permission from the user and making it harder for eavesdroppers to track a device via its Bluetooth connection. More
TCH plans real time payments
The Clearing House (TCH) and its member banks are planning to build a real-time payment system in the US that will enable consumers and businesses to send and receive immediate payments directly from their accounts... More
SimplyTapp launches open source tokenization project
A new open source software project designed to help banks offer tokenized card payments has been launched by HCE specialist SimplyTapp... More
Federal Reserve gives cautious backing to tokenization
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more depth... More
Apple cuts deals with card issuers?
Apple will be getting special rates from five US card issuers on mobile payments made by its device users, according to well-connected payments advisor Tom Noyes, and customers will use a combination of Bluetooth Low Energy (BLE), NFC and Touch ID to make payments in stores... More
Consult Hyperion demos EMV mobile payments over BLE on an iPhone
UK payments technology specialist Consult Hyperion has unveiled a proof-of-concept solution that uses Bluetooth Low Energy (BLE) and host card emulation (HCE) to enable both iPhone and Android NFC phone owners to make MasterCard, Visa and other open loop EMV payments at the point of sale... More
BlackBerry wins NFC provisioning deal in Canada
Enstream, the NFC platform provider set up by Canadian carriers Bell, Rogers and Telus, has selected BlackBerry to provide it with a secure platform that financial institutions will be able to use to provision payment card data onto consumers’ NFC phones... More
Aite reports on US migration to EMV
Some 70% of US credit cards and 41% of debit cards will be EMV enabled by the end of 2015, according to a new Aite Group report, but the majority will be contact cards rather than dual interface cards that also support contactless payments... More
GE lets retailers send offers to shoppers via LED lighting
GE Lighting and US startup Bytelight have unveiled a marketing platform that lets merchants use LED lighting installed in and around their stores to send offers, directions to particular products and information services to shoppers, based on their precise location within a retail store... More
nTrust pilots Bluetooth payments in Canada
Canadian payments and money transfer provider nTrust has begun piloting a new mobile payments service that uses Bluetooth Low Energy (BLE) beacons placed in stores to make wireless purchases... More
SIMalliance reports 159% growth in NFC SIM shipments
A total of 4.2bn SIMs were shipped in 2013 by members of the SIMalliance, an organisation that represents suppliers responsible for 86% of the global SIM market, 5% down on 2012... More
Payments NZ issues NFC standards
Payments NZ, the organization responsible for overseeing New Zealand’s payments infrastructure, has published a set of rules and standards for mobile devices ahead of the planned rollout of NFC payments in the country later this year. More
EMVCo publishes tokenization framework specification
The first version of the EMV Payment Tokenization Specification has now been published and is available to download... More