Wednesday 18 July 2018
Mobile point-of-sale devices to account for almost 1 in 4 POS transactions by 2023 — Juniper Research — “The adoption of mPos (mobile point-of-sale) devices connecting wirelessly or via mobile devices, such as those from iZettle and Square, will drive annual mPos transactions to over 87bn by 2023. This will represent a threefold increase over an estimated 28bn transactions in 2018.”
National Bank launches Easy Pay, a mobile point-of-sale solution enabling Canadian SMEs to accept contactless payments — National Bank of Canada — “With Easy Pay, merchants can accept payments in person using a compatible smartphone — no peripherals required. After registering for the Easy Pay solution, they simply download the Easy Pay app in order to accept payments from customers using an eligible contactless credit card or via the customer’s digital wallet.”
A new white paper that looks in-depth at Trusted Execution Environment (TEE) technology, the architecture and principles underpinning its operation and how it can be used to secure a variety of mobile wallet and IoT applications is now available to download free of charge from the NFC World Knowledge Centre... More
NFC World partners Antelop Solutions, Dejamobile, Rambus and STMicroelectronics will be at Mobile World Congress 2018 in Barcelona from 26 February to 1 March... More
In-store mobile could generate a 146% revenue boost in 2018 — Retail TouchPoints — “Retailers that are deploying in-store mobile POS saw a 24% average increase in sales in 2017 over retailers who don’t implement mobility in-store… Only 34% of retailers have deployed mobile POS, while 42% have armed their employees with mobile devices without a POS platform.”
2018 is set to be a pivotal year for banks, card issuers and secure credential providers around the world as new market entrants, regulatory environments and technical innovations place increasing pressure on traditional banking and card issuing business models... More
Two hundred small businesses are to participate in a pilot that lets them accept contactless payments using just a mobile app on their NFC smartphones... More
PARTNER NEWS: Mahindra Comviva has enhanced its PayPlus mobile POS solution to enable Indian merchants to accept payments via Aadhaar, Bharat QR, UPI, card and mobile wallets through a single interface... More
mPOS provider Square could soon be launching a physical Square Cash debit card, according to Recode... More
Mobile POS provider Square has launched in the UK... More
Mobile POS provider Square has blamed a “change we made to one of our back-end systems” for a service outage which affected payments and other services earlier this week... More
Mobile POS provider Square is encouraging small traders across the US to promote Apple Pay to customers by letting them process more than US$12,000 worth of Apple Pay payments for free — a saving of $350 in processing costs... More
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva’s Mobiquity Wallet and PayPlus digital payment services are now available in the cloud, enabling banks to “deploy services faster, adapt to markets quicker and serve their customers better”... More
Annual shipments of NFC-ready POS terminals are anticipated to reach an estimated 16.1m units worldwide this year, Berg Insight reveals, with more than 90% of new units shipped across Europe and North America supporting the technology... More
Mobile payment transaction volume in India is expected to grow more than 90% each year over the next five years, with digital payments becoming the “de-facto payment mode” in the country, in the wake of the government’s withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes... More
Chinese mobile payments giant Alipay is expanding its presence in US and European retail stores via a deal with POS maker Verifone... More
Mobile POS provider Square has incorporated a business called Squareup Europe in the UK, suggesting that the company could be setting itself up for its first European launch... More
Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale. More
Square’s contactless chip reader can now be paid for in instalments of US$1 per week for 60 weeks... More
Customers of UK healthy eating chain Tossed will only be able to pay for their orders using a chip card, contactless card or an NFC mobile payment app such as Apple Pay at the two new food outlets the company is opening in London this week. More
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