Android Pay, the mobile payments service being developed by China UnionPay, will use both NFC and fingerprint verification, Want China Times reports... More
Security
Semble picks Gemalto for NFC in NZ
Semble, the NFC payments joint venture between New Zealand’s carriers and the Paymark payments network, is using Gemalto’s Allynis Trusted Service Hub to secure over-the-air provisioning of payment credentials to users’ NFC devices... More
America First Credit Union adds Apple Pay
America First Credit Union has become the latest card issuer to roll out support for Apple Pay to its members... More
Motorola secures Android and Apple devices with smart keyfob
Motorola has unveiled Motorola Keylink, a US$24.99 smart keyfob that uses Bluetooth Low Energy to enable iOS and Android device owners to track down their smartphone or their keys if they misplace them... More
Keyssa unveils high speed short range ‘kiss’ connectivity technology
Keyssa, a US startup backed by US$47m in funding from investors that include Intel, Samsung and Dolby Family Ventures and chaired by Nest founder Tony Fadell, has unveiled Kiss Connectivity, a solid-state embedded connector that can be used to transfer data between two devices at up to six gigabits per second. More
Survey: Contactless adoption requires security proof
Two out of three Americans would consider making mobile or contactless payments more often if they were proven to be secure, a survey of 1,000 US consumers conducted by Kelton Research for Gemalto has found... More
Visa CEO: We may not charge a fee for tokenization
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in the future, CEO Charles Scharf has revealed at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference... More
MasterCard and Visa to create new security standard to replace passwords for online payments
MasterCard is working with Visa to create a new authentication standard for online payments that will gradually replace the 3D Secure protocol with “invisible authentication”, far fewer prompts for passwords and support for a range of biometric technologies... More
Costa Rican bank adds face biometrics to mobile app
Costa Rican bank Grupo Mutual has worked with biometric technology provider FacePhi to build face recognition into its mobile banking app... More
Amex adds tokens and HCE
American Express has announced the US launch of American Express Token Service, a suite of solutions enabling traditional card account numbers to be replaced with tokens for mobile, online, in-store and NFC payments... More
Visa CEO identifies mobile payment as major growth driver
Mobile payments will be a “great driver” for Visa, CEO Charles Scharf has told analysts during the company’s Q4 earnings call, and Apple Pay is just the beginning... More
Kili puts mPOS in a chip
Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015... More
A million consumers sign up for Apple Pay in first 72 hours
Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba. More
Survey finds US consumers willing to switch platforms to get Apple Pay
Almost half (45%) of US smartphone owners with non-iOS devices would be willing to switch to an iOS device in order to gain access to Apple Pay, a study from market research firm Lab42 has revealed... 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
Apple Pay glitch charges customers twice
Some Apple Pay users have been charged twice for purchases made using a Bank of America card, CNN’s Samuel Burke discovered after using the service to make purchases at Whole Foods and Duane Reade earlier this week. More
Amex commits $10m to EMV upgrades
American Express is to launch a US$10m Small Merchant EMV Assistance Program in February 2015 to drive adoption of EMV... More
JPMorgan Chase CEO outlines mobile wallet strategy
JPMorgan Chase plans to make its debit and credit cards available in a wide array of mobile wallets — including one of its own to be launched later this year — even if that means cutting current margins, CEO Jamie Dimon has told analysts during the bank’s third quarter earnings call. More
MasterCard backs Zwipe fingerprint payment card
MasterCard has partnered with Zwipe, maker of a contactless payment card that includes an integrated fingerprint biometric sensor, for the commercial launch of the technology following a pilot with Norway’s Sparebanken DIN. More
Obama signs chip and pin law
US President Barack Obama has signed an executive order “directing the government to lead by example in securing transactions and sensitive data” by adding chip and PIN security to payment cards... More