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    Mobile wallet

    News about Mobile wallet.

    Apple says Australian banks are ‘not interested’ in promoting mobile payments competition

    November 8th, 2016

    Apple is claiming the group of Australian banks pushing for the company to open up access to the NFC technology within its handsets is “not interested in promoting competition in mobile payments” within the country…. More

    Caffè Nero to build mobile payments with Yoyo Wallet

    November 8th, 2016

    Coffee chain Caffè Nero is to build a mobile payment and loyalty platform for its customers using technology supplied by QR code-based platform Yoyo Wallet. “The partnership, which will have implications for all Caffè Nero stores across the UK and Ireland, is Yoyo’s first significant step in taking their mobile wallet offering onto the high street,” Yoyo Wallet says. Yoyo began rolling out its service to university campuses in May 2014 and launched in private beta across the US in December last year.

    Mobile payments and IoT trends for smartwatches

    November 4th, 2016

    Internet of things, monitoring for insurance and mobile wallet expansion are three of the key emerging smartwatch app trends found in research by Parks Associates. Leading Smart Watch Apps: Insights into Wearable Use Cases also shows Apple Watch owners are more engaged with their devices than all other smartwatch owners. “The two primary smartwatch use cases are fitness tracking and notifications, but use cases such as mobile payments, smart home and security, and vehicle access are emerging,” says Chris Tweedt from Parks Associates.

    Mastercard distributes digital humanitarian funds

    November 2nd, 2016

    Mastercard has launched a pilot program with the American Red Cross to use Mastercard Send to distribute funds to families in Indonesia via their mobile phones to buy water and other items during the drought season. A mobile wallet provided by mobile network operator Indosat Ooredoo allows people to receive funds. “Our goal is to provide an innovative service that enables humanitarian and development organisations to distribute funds efficiently and digitally,” says Mastercard’s Shari Krikorian.

    Early results show positive future for Kohl’s Pay

    November 2nd, 2016

    Since US department store chain Kohl’s rolled out its Kohl’s Pay QR code-based mobile payments service last month, week over week the retailer has witnessed a 70% increase in enrollment with user transactions doubling over… More

    Smartphone users rate security most important app attribute, survey finds

    October 28th, 2016

    PARTNER NEWS: More than two thirds of smartphone owners use mobile banking apps, while nearly 80% consider security and reliability the most important attributes of a paid app, says a survey by Gemalto which is… More

    One in four use mobile wallets in Singapore

    October 28th, 2016

    More than a quarter (26%) of cardholders in Singapore now use a mobile digital wallet, with Apple Pay the most popular ahead of Android Pay and then Samsung Pay, Singapore Business Review reports. The average satisfaction score among users of mobile digital wallets is 718, 29 points higher than those who do not. Mobile wallet users spend an average of SGD$1,183 monthly, or $280 higher than among those who do not.

    Indian bank offers sound-based contactless payments

    October 28th, 2016

    India’s Yes Bank is to integrate ToneTag’s sound-based contactless payments system into its Yes Pay mobile wallet, The Economic Times reports. ToneTag uses sound waves instead of NFC to connect a smartphone, that has a mobile wallet app installed, with a POS device, allowing owners to make contactless payments. “We are bullish about our alliance as we continue to strive in making payments seamless for end users,” says Ritesh Pai from Yes Bank.

    Apple Pay transactions up 500% year on year, CEO reports

    October 26th, 2016

    Apple Pay transactions have risen nearly 500% year on year, with more purchases made in September 2016 than during the whole fiscal year in 2015, Apple CEO Tim Cook has revealed during the company’s latest… More

    Visa opens up its tokenization platform to third-party suppliers

    October 25th, 2016

    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

    EMVCo and Fido to deliver biometric authentication standards for mobile payments

    October 24th, 2016

    Fido Alliance is working with EMVCo to provide a new authentication standard for mobile wallet and payments developers, allowing consumers to use certified, on-device biometric verification when making in-store or in-app purchases. The work will… More

    Mastercard adds online Masterpass payments to Android Pay, Samsung Pay and Microsoft Wallet

    October 24th, 2016

    Mastercard has signed deals with Google, Samsung and Microsoft to allow its customers that use Android Pay, Samsung Pay or Microsoft Wallet to shop online wherever Masterpass is accepted, while Google has announced a similar… More

    French electronic wallets merge to create ‘universal mobile payment solution’

    October 21st, 2016

    French bank BNP Paribas and supermarket giant Carrefour are to merge their Wa! and Fivory electronic wallets to create a “unified, universal mobile payment solution”, allowing customers to make payments, receive loyalty rewards and make… More

    Rambus Bell ID launches Token Gateway to ease bank integration with multiple TSPs

    October 19th, 2016

    PARTNER NEWS: Rambus Bell ID has launched a software platform that card issuers can use to integrate with multiple third-party token service providers (TSPs) such as those operated by international and domestic payment schemes. Issuing… More

    Mobile payments awareness up in North America, but usage remains flat

    October 19th, 2016

    Nearly six in 10 North American consumers (56%) are now aware of mobile payment services — a 4% increase from this time last year, research from Accenture has revealed. However, the regular use of mobile… More

    Evry to offer NFC and HCE mobile payments with G&D

    October 19th, 2016

    PARTNER NEWS: Norwegian financial services provider Evry is licensing Giesecke & Devrient’s (G&D) Convego CloudPay mobile payment solution to make NFC and host card emulation (HCE) mobile payment services available to its banking customers across… More

    Australian banks call Apple’s NFC restriction “completely baseless”

    October 17th, 2016

    Apple’s claim that allowing access to the NFC technology within its iPhones would diminish the security of Apple Pay has been branded “completely baseless” by a group of four Australian banks, who are seeking greater… More

    Apple Pay launches in New Zealand

    October 13th, 2016

    Apple Pay has arrived in New Zealand with support for Visa credit and debit cards issued by ANZ Bank New Zealand. The mobile payment service will be accepted by some of the country’s major retailers… More

    NXP sees soar in activation rates for NFC transit in China

    October 12th, 2016

    PARTNER NEWS: Activation rates for the NFC mobile transit solution introduced by NXP and handset manufacturer Xiaomi in China have grown more than 15% in Shanghai and over 20% in Shenzhen since services on the Mi… More

    Chase to support Microsoft Wallet next year

    October 11th, 2016

    US bank Chase is to begin supporting Microsoft Wallet “next year” according to a tweet from Chase Support. “Readers should note, however, that Microsoft Wallet only works on some of the newest Lumia devices, including the Lumia 650, 950 and 950 XL,” MSPoweruser reports. The NFC mobile payment service was unveiled in June 2016 with initial support from nine other US banks and financial institutions. PNC added its backing in August.

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