Mobile financial solutions firm Mahindra Comviva has signed a strategic agreement with Pole SCS, a south-east France technology cluster, to roll out new contactless and mobile services across Europe with a key focus on hybrid HCE and smart tokenization... More
Tokenization
Spanish supermarket chain Bonpreu rolls out mobile payments to 170 stores
Spanish supermarket chain Bonpreu is to roll out a mobile payments service to 170 stores, using a platform developed by Dinube that combines proprietary tokenization algorithms, NFC and biometric fingerprint security... More
MasterCard extends tokenization platform
MasterCard is to extend its tokenization services to merchants with in-app, ecommerce and recurring billing card-on-file programs as well as to private label credit cards... More
The Bancorp to offer HCE prepaid cards to European issuers
Financial products and services provider The Bancorp will offer open loop mobile prepaid cards that make use of host card emulation (HCE) to its European issuers in the fourth quarter of this year, through a partnership with mobile payment provider MeaWallet... More
Tsys to support Apple Pay in UK
Payments supplier Tsys has announced it will help support secure transactions and facilitate enablement for issuers in processing transactions from Apple Pay when it launches in the UK... More
Google misses out on transaction fee revenues
Google won’t earn any transaction fees from credit card issuers for Android Pay, unlike Apple which receives 0.15% of the value of each credit card transaction made with Apple Pay, sources have told The Wall Street Journal.“That is because Visa and MasterCard recently standardised their tokenization card-security service and made it free, preventing payments services from charging fees to issuers,” the newspaper reports... More
White paper sets out the need to go beyond tokenization for cloud-based mobile payments
Card issuers looking to deploy host card emulation (HCE) mobile payments should not rely on tokenization alone to secure their services, NFC technology provider Sequent recommends in a white paper that is now available to download from the NFC World Knowledge Centre... More
Visa launches VDEP service to make it easier and cheaper for banks to offer mobile payments
Visa has launched the Visa Digital Enablement Program (VDEP), a new service that builds on the company’s token technology and adds a “turn-key, toll-free commercial framework accessible to more than 14,500 Visa financial institution clients and technology partners around the world”... More
Bell ID analyses Android Pay
PARTNER NEWS: In a blog published today, tokenization specialist Bell ID outlines the differences between Google’s Android Pay, Apple Pay and Samsung Pay, and discusses what the NFC service means for banks... More
Google working on “brand new” Wallet service for Android and iOS
Google has confirmed it is developing a “brand new” Google Wallet app for Android and iOS that will allow anyone with a US debit card to send and receive money for free “within minutes”, even if the other person doesn’t have the app... More
TAG Systems acquires shares in Seglan
Smart card-based solutions provider TAG Systems has entered into the mobile payments space by acquiring shares in Seglan, the company behind Spanish bank Bankinter’s HCE-based mobile payments service... More
Google unveils Android Pay
Google is to introduce a new NFC mobile payments platform called Android Pay with the release of Android M later this year, vice president of engineering Dave Burke has revealed during the Google I/O 2015 keynote. More
Postbank begins HCE pilot in Germany with Worldline
Employees of Germany’s Postbank have begun piloting a mobile payment service based on host card emulation (HCE) that makes use of tokenization to allow NFC payments to be made at any Visa payWave terminal... More
Nepal Bank to launch NFC and tokenization in July
Nepal Bank is set to become the first in the country to launch an NFC mobile payment service, using a solution provided by Nuspay that also makes use of tokenization... More
Bell ID makes case for banks to become TSPs
PARTNER NEWS: Tokenization solutions specialist Bell ID has drawn on experience gained from multiple live projects around the world to make the case for why a bank would become a token service provider (TSP) and manage its own token vault... More
84% of banks and retailers plan to invest in mobile payment technology
The “overwhelming majority” of financial institutions and retailers are currently investing or planning to invest in new payment technologies within the next 18 to 24 months, with online (86%) and mobile payment technologies (84%) topping the list, a survey by payments provider ACI and IT consultants Ovum has found... More
Chip and PIN faces slow take-up in US, says Forrester
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives... More
SIMalliance: NFC SIM shipments up 69% in 2014
A total of 4.7bn SIMs were shipped in 2014 by members of the SIMalliance, an organisation that represents suppliers responsible for 86% of the global SIM market, including 132m NFC SIMs, up 69% on 2013 and taking the total number of NFC SIMs shipped by alliance members over the past four years to 256m. More
Vodafone combines tokens and SIMs for NFC payments in Europe
Vodafone customers in five major European markets will be able to use their Visa cards to make NFC mobile payments from the second quarter of this year with a new SIM-based service that makes use of tokenization technology. More
TEB to roll out HCE payments in Turkey
Turkey’s Türk Ekonomi Bankasi (TEB) has become the latest European bank to announce plans to launch a host card emulation (HCE) based mobile payments service using a tokenization platform unveiled by Visa Europe in February... More