What's New in Payments

Bahrain to launch national e-wallet on July 4

Bahrain to launch national e-wallet on July 4 — Trade Arabia — “The national e-wallet is a joint initiative of the Central Bank of Bahrain (CBB) and Benefit and a first-of-its-kind project in the kingdom. It will enable instant payments via smartphones and also facilitate the collection of payments electronically through debit, credit and prepaid cards and online bank accounts, for online and in-store purchases.”


What's New in Payments

Square gets green light to take on banks with ‘PIN on glass’ mobile technology

Square gets green light to take on banks with ‘PIN on glass’ mobile technology — Australian Financial Review — “Banks are set to face more competition in the lucrative mobile point of sale technology game as secret trials featuring Twitter founder Jack Dorsey’s payments company Square are set to help credit card companies allow more payments through smartphone screens.”


What's New in Payments

Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs

Rakbank is the first bank in the Middle East to introduce Samsung Pay solutions for its ATMs — Rakbank — “This innovative digital solution enables the bank’s customers to make cardless cash withdrawals from Rakbank ATMs using their Samsung smartphones without the need for a physical debit or credit card. The Samsung Pay solution for ATMs is an end-to-end contactless process.”




What's New in Payments

New mobile payment option for PNC Bank’s Visa commercial cardholders

New mobile payment option for PNC Bank’s Visa commercial cardholders — PNC Bank — “PNC Bank announced today a new mobile payment option enabling Visa commercial cardholders to use a smartphone or mobile device to make corporate purchases via Apple Pay, Android Pay and Samsung Pay. PNC is one of the first U.S. banks to enable mobile wallet payments for commercial cards.”


Gemalto and Dessmann enhance smart lock security with mobile convenience

Gemalto and Dessmann enhance smart lock security with mobile convenience — Gemalto — PARTNER NEWS — “The new solution from the global manufacturer of smart locks and safe boxes incorporates Gemalto’s Machine Identification Modules (MIM) and Secure Elements (SE), empowering users to lock and unlock doors with their smartphones or create digital key chains for multiple locks.”




What's New in Payments

Paytm Mall to bring brick-and-mortar stores online via QR codes

Paytm Mall to bring brick-and-mortar stores online via QR codes — LiveMint — “Similar to QR stickers used for Paytm app, Paytm Mall QR codes will be unique for each retailer. Customers will be able to scan the code using their smartphones and get access to the store’s inventory online… Customers using the feature will also get access to exclusive offers on Paytm Mall.”




What's New in Payments

KT introduces ‘mother of all credit cards’

KT introduces ‘mother of all credit cards’ — Korea Herald — “Dubbed ‘Clip Card’ the device looks like credit and debit cards issued by financial institutions, but it has a 1.3-inch display on the surface of the card that enables users to register all their cards, which are displayed in barcodes… The KT platform is compatible with all types of credit cards regardless of card companies and financial institutions, and with any operating systems.”


KISA to unveil bio authentication for mobile banking in 2018

KISA to unveil bio authentication for mobile banking in 2018 — Korea Herald — “Korea Internet & Security Agency is developing bio authentication for mobile banking to commercialize it by late 2018… The biometric authentication reads heart rates and electrocardiograms on a user’s smartwatch, which sends the information to his or her smartphone. The smartphone is then unlocked with the user’s fingerprint which enables the use of mobile banking.”


What's New in Payments

NXP supports launch of common mobile wallet platform across the UAE

PARTNER NEWS: NXP has joined Emcredit, a subsidiary of the Dubai Department of Economic Development (DED), and payments solutions provider Cardtek to launch Empay, a common mobile wallet platform that will enable citizens across the United Arab Emirates to make retail payments, initiate money transfers and pay for government utilities using their NFC smartphone or wearable device... More