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    News about POS.

    Bank of China brings Apple Pay to UnionPay credit cards

    February 21st, 2017

    Bank of China has become the first bank in Hong Kong to offer Apple Pay with UnionPay credit cards. BOC UnionPay Dual Currency Credit cardholders can make payments at UnionPay QuickPass terminals in mainland China and Hong Kong. A HK$30 cash (US$4) gift for customers signing up for Apple Pay and promotions for using the service at Pacific Coffee and Sasa outlets are on offer until 20 April 2017.

    More than 150,000 Kenyan merchants to get mobile payments with Masterpass QR

    February 14th, 2017

    More than 150,000 micro, small and medium enterprises (MSMEs) in Kenya will be able to accept in-store mobile payments using QR code technology in 2017, using Mastercard’s Masterpass QR platform. The service is set to… More

    Paytm targets 10m Indian mobile payments merchants

    February 13th, 2017

    Indian mobile wallet provider Paytm wants to increase the number of stores where its QR code-based service is available from 3.5m to 10m. “The number of offline merchants in November was close to 1 lakh (100,000) and the company had hired 10,000 field-force to ramp up the number of offline users post demonetisation,” Economic Times reports.

    Apple Pay most popular mobile payment service among US retailers, survey finds

    February 7th, 2017

    Apple Pay has the largest percentage of supporting US merchants with 36% accepting the mobile payment service today, up from 16% last year, research released by Boston Retail Partners (BRP) reveals. Some 22% of retailers… More

    France to increase contactless limit to €30

    February 6th, 2017

    The contactless spending limit in France will increase from €20 (US$21) to €30 (US$32) at the end of this year. From March 2017, contactless payment terminals will be reconfigured to accept payments up to the new limit and, from October, new bank cards will be issued to consumers. According to French bank card association Groupement des Cartes Bancaires, about 40% of consumers will have their new card with the €30 spending limit by the end of 2018.

    Contactless tins triple charity donations

    February 3rd, 2017

    The average size of donations made to a UK charity using contactless collection tins was more than three times larger than the average cash donation, The Telegraph reports. The NPSCC participated in a Barclaycard trial from September 2016 and found the average donation using contactless cards or devices at the terminals, which could accept cash or contactless payments, was £3.07. People who donated cash gave on average £1. Barclaycard says UK charities could be missing out on up to £82m (US$102m) by not accepting contactless donations.

    Indian government unveils sweeping proposals to reduce the use of cash

    February 2nd, 2017

    The Government of India has introduced a series of incentives designed to encourage consumers and businesses to adopt digital and mobile payments and significantly reduce the use of cash in the economy — including plans… More

    India Budget: New measures to promote mobile payments

    February 1st, 2017

    The Indian government has unveiled new measures to promote a digital economy during its 2017 Budget speech, including “the imminent launch of Aadhaar Pay, a merchant version of the Aadhaar-enabled payment system”, The Times of India reports. Two new schemes will be launched to promote the use of the BHIM mobile payments app, while “the government decided to remove all duties on point-of-sale devices, fingerprint readers and similar devices” to promote cashless transactions.

    Square cuts processing costs to promote Apple Pay

    January 31st, 2017

    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. “Sellers can request a free Apple Pay marketing kit with collateral encouraging customers to pay with their iPhone or Apple Watch and staff training materials to educate employees about accepting Apple Pay,” Square says.

    One fifth of global consumers have made an in-store mobile payment as China leads the way

    January 31st, 2017

    Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average. More

    Apple Pay records 50% growth in 2016, as mobile apps and websites prove most popular

    January 26th, 2017

    The number of monthly US Apple Pay credit card transactions conducted in-app, online and at the in-store point of sale grew by 50% between December 2015 and December 2016, research released by consumer spending analytics… More

    US consumers to use loyalty points as currency for in-store payments

    January 13th, 2017

    US consumers will soon be able to purchase goods using loyalty points from multiple programs through Verifone Points Redemption, a new service designed for merchants which connects to third party loyalty programs and alerts shoppers… More

    Palm vein authentication system launched for mobile devices

    January 13th, 2017

    A palm vein authentication system compact enough to be used in tablets and other mobile devices as “dependable as current optical units” has been unveiled by Japanese electronics firm Fujitsu. The company says it expects… More

    PayPal extends NFC payments with Discover

    January 12th, 2017

    US consumers will be able to make NFC mobile payments using PayPal at the point of sale wherever Discover is accepted, and use their Discover Cashback Bonus to pay at online and mobile merchants that accept PayPal. “The agreement provides PayPal with access to Discover’s tokenization services,” PayPal says. PayPal extended its support for NFC mobile payments through a deal with Visa in July 2016 and partnership with Mastercard in September.

    Biometric payments pilot to test palm vein replacement for cards

    January 10th, 2017

    South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology,… More

    Korean central bank to put small change on cards

    January 9th, 2017

    The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins. The project forms part of… More

    STMicroelectronics to use NFC assets acquired from AMS to deliver next-generation solutions

    December 23rd, 2016

    PARTNER NEWS: STMicroelectronics (ST) will use its July acquisition of NFC and RFID products, resources, technologies and intellectual property from AMS to create a new generation of high-performance NFC solutions for both mass-market and vertical-market… More

    Mahindra Comviva takes digital payment services to the cloud

    December 19th, 2016

    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… More

    Samsung Pay prepares for India launch

    December 19th, 2016

    Samsung Pay is testing its mobile payment service in India, and could be launched there in the first half of 2017, SamMobile reports. “Since India does not have many NFC-equipped point-of-sale devices, Samsung Pay’s MST (magnetic secure transmission) functionality would be a boon to users,” the publication adds. The move follows the withdrawal of Rs 500 (US$7) and Rs 1,000 ($14) notes across the country in November 2016.

    Paypal partners with US bank and fintech provider

    December 16th, 2016

    Paypal has announced new partnerships with US bank Citi and financial technology services provider Fidelity National Information Services (FIS). The deal with Citi will see Citi cardholders able to use their card through PayPal at the point of sale, where Visa or Mastercard contactless payments are accepted. PayPal adds working with FIS would allow them to “provide a more seamless way for their thousands of bank issuers to drive more digital spend with their customers through PayPal accounts”.

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