Fossil launches Gen 4 smartwatches with Google Pay support

Fossil unveils its most tech-packed touchscreen smartwatch to date — Fossil — “Exclusively compatible with Google Pay (transit and pay currently available in select countries), NFC prevents users from having to pull out their card every time they need to complete a transaction. With a few taps, your card is ready on watch to streamline any checkout experience. Security is an obvious consideration, and users set up a unique lock code on their watch to help protect from any identity or data theft.”


Apple Pay Cash gets top rating for P2P payments privacy and security

Why Apple Pay is the highest-rated mobile P2P payment service — Consumer Reports — “In our first-ever test-based ratings of P2P mobile services, CR rated Apple Pay the highest overall, with excellent or very good marks in the key consumer-protection measures of payment authentication and data privacy. Apple’s overall rating was significantly higher than for the other services we tested: Venmo, Square’s Cash App, Facebook P2P Payments in Messenger, and Zelle.”


Starbucks backs plan to create regulated digital asset platform that will support digital currency payments in stores

Intercontinental Exchange announces Bakkt, a global platform and ecosystem for digital assets — Intercontinental Exchange — “Starbucks will play a pivotal role in developing practical, trusted and regulated applications for consumers to convert their digital assets into US dollars for use at Starbucks,” said Maria Smith, vice president, partnerships and payments for Starbucks. “As a leader in Mobile Pay to our more than 15 million Starbucks Rewards members, Starbucks is committed to innovation for expanding payment options for our customers.”


Italian debit card network Bancomat to provide mobile payments to 37m cardholders at 440 banks

Introducing Bancomat Pay: New digital payment services for 37 million Italians — SIA — “Bancomat Pay will integrate the Jiffy service, allowing PagoBancomat cardholders to pay, in stores and online, and to send and receive money in real time from their smartphone. Counting on the strength of the Bancomat brand, a watchword for security and simplicity, and on its widespread distribution, with about 37 million PagoBancomat cardholders and over 440 banks using its services, Bancomat SpA aims to develop the potential of the new digital payment service far beyond its current market penetration.”


German savings banks roll out NFC mobile payments to 45m debit card holders

Sparkassen launches mobile payments via smartphone — Deutscher Sparkassen- und Giroverband (translation) — “We have 45m girocards in circulation — and all of them can be used for mobile payments. This makes us a pioneer in Germany in terms of availability and distribution of a mobile payment solution,” says Helmut Schleweis, president of the German Savings Banks and Giro Association (DSGV). In Germany, around 75% of the card terminals are equipped with the corresponding interface for contactless payment, with millions of terminals available worldwide.”


Line sets out plans to roll out mobile payments in Japan

Chat app Line plots finance ‘revolution’ with mobile payments — Nikkei Asian Review — “Line, the operator of Japan’s leading chat app, is pushing hard into the banking sphere with plans to aggressively expand in mobile payments, aiming to get its 75 million users hooked on transactions without the fees imposed by conventional banks… Line is rolling out a version of its app that will let small and midsize merchants accept QR code-based payments via Line Pay. Transaction surcharges will be waived for the first three years, and the system costs nothing to set up.”


Korea’s central bank to build bank account-based mobile payments settlement system

Central bank to develop settlement service to expand mobile cash card payment — Yonhap News — “The South Korean central bank said Tuesday that it will adopt a new mobile cash card settlement service starting next year in a bid to expand simplified mobile payments in the country. A council on financial information by the Bank of Korea (BOK) and local banks decided to develop technological standards and a mobile application for the new service that enables sellers to receive money directly from the buyer’s bank account.”


TransLink reports fast uptake of contactless payments on Vancouver transit system

One millions taps — Tap to Pay hits a milestone — TransLink — “It’s been two months since we launched Tap to Pay and we are happy to share our customers have embraced this new payment option in a big way. To date, there have been 160,000 unique users who have tapped their contactless credit cards and mobile wallets… Customers can tap card readers with a contactless Visa or Mastercard credit card, or a device with an Apple Pay, Google Pay or Samsung Pay wallet.”



SoftBank to enter Japanese mobile payments market with Paytm technology and three years’ free processing offer

SoftBank and Yahoo Japan JV to launch ‘PayPay’, barcode-based smartphone payment services in collaboration with India’s Paytm in the fall — SoftBank — “PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation, today announced that the company will launch ‘PayPay’ smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation will team up with India’s largest digital payment company Paytm, a SoftBank Vision Fund portfolio company, to utilize Paytm’s technology and expertise in mobile payments… The service will be free to affiliate stores for the first three years from its launch.”


Chase Pay links up with Samsung Pay to let cardholders pay with NFC and MST

Chase Pay and Samsung Pay join forces — Samsung — “Chase Pay customers with compatible flagship Samsung Galaxy smartphones now have the option to link Chase Pay to Samsung Pay. This means that customers will now be able to use Samsung Pay’s Magnetic Secure Transmission (MST) technology, along with NFC, to pay with the Chase Pay app at millions of merchants in the United States by simply tapping the payment terminal.”



SoftBank and Paytm to launch mobile payments service in Japan?

SoftBank plans payments service for Japan by year-end — Bloomberg — “The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services, the people said, asking to not be identified as the plans are private. An announcement is imminent, they said. Dozens of Paytm employees are working in Tokyo on getting the service up and running, one of the people said.”





Shoppers prefer Apple Pay over Walmart Pay

Walmart Pay icon

Walmart shoppers with access to Apple Pay are more likely to choose to use it than the store’s own Walmart Pay app, a new study has found, but those who do choose the retailer’s own app spend more at Walmart each month than those who use Apple Pay... More


NFC mobile payments roll out in Saudi Arabia

Visa and Saudi Mada partner to launch new mobile-based application, Mada Pay — Zawya — “Mada Pay is an Android-based mobile application that enables cardholders to make fast, easy and secure contactless mobile payments at NFC-enabled merchants throughout Saudi and abroad with KSA [Kingdom of Saudi Arabia]-issued Visa cards (credit and prepaid). Visa and Mada co-badged (debit and prepaid) cards can also be used with Mada Pay.”


VTB switches on Huawei Pay at retail outlets across Russia

VTB begins accepting Huawei Pay in its network of POS terminals — VTB Bank (translation) — “To start using the service, the customer must be the owner of a China UnionPay card and a Huawei or Honor mobile phone that supports contactless payment technology… VTB’s POS terminal network has more than 180,000 devices. Contactless cards and mobile payment services are accepted by the absolute majority of terminals.”


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