News about Virtual card.
July 18th, 2016
Brazilian consumers can now sign up to mobile and online only bank Neon by taking a selfie with their mobile phone. “Instead of authenticating with a username and password, customers will take a selfie to use facial biometrics,” technology provider Daon says. “Customers will be issued two Visa branded debit cards. The physical card will be used for POS purchases at retail locations while the virtual card will be used for online purchases. Customers will use facial recognition to access their account and to perform additional transactions, such as transfers and payments.” The service makes use of Daon’s IdentityX platform.
June 6th, 2016
India’s HDFC Bank is to launch a mobile payment service that will support NFC, host card emulation (HCE) and QR code based payments in order to compete with other mobile payment services that are expected to roll out in the country, including Apple Pay, Samsung Pay and Android Pay. “PayZapp contains a prepaid wallet and a virtual prepaid card,” Times of India reports. “Bank customers can also store their credit or debit cards in a dematerialized form in the app and use them for electronic payments.”
May 26th, 2016
LG is expected to launch its LG Pay mobile payment service in September, according to ETNews. “LG Pay is going to be released in September as a form of ‘all-in-one card’ that will become the world’s first mobile payment with IC (integrated circuit) chip,” the publication reports. The company announced it had developed an electronic LG Pay White Card that will let users register multiple credit cards for in-store payments and ATM withdrawals in January 2016 and confirmed its plans to launch the service in November 2015.
April 21st, 2016
Customers of First Investment Bank (Fibank) of Bulgaria can now make host card emulation (HCE) based payments through its mobile banking app using a digital card supplied by MasterCard. The service makes use of technology supplied…
April 20th, 2016
Russian online payment service Yandex.Money has added NFC to its Android mobile app so that users can make mobile payments by tapping their smartphone on contactless terminals. “To enable NFC payments, users can simply update the Yandex.Money app on their phones,” the company says. “A virtual MasterCard will be issued to their account automatically — its balance is the balance of the user’s Yandex.Money e-wallet.”
April 14th, 2016
Motorists will be able to order and pay in advance for fuel at 220 Tamoil gas stations in the Netherlands from this summer using their smartphone and a new mobile refuelling feature enabled through MyOrder…
April 13th, 2016
Bitcoin wallet provider Shake has introduced the first version of its app to let consumers make everyday purchases using the virtual currency with a tap of their NFC device at any contactless terminal. Shake Alpha will also enable users to make online payments using a web app that displays their virtual card. The company is now inviting users to sign up for early access to the service.
February 15th, 2016
UK consumers can now make P2P transfers and pay online using a virtual MasterCard through Payfriendz. “Payfriendz is a social chat and mobile payments app which allows users to easily send, request and receive money from friends and contacts,” says Paysafe, the payments provider for the service. “Once funds have been collected, users can transfer the money to their UK bank account. They can also shop online using a virtual MasterCard card linked to their Payfriendz account.”
January 29th, 2016
LG has developed an electronic ‘LG Pay White Card’ that will let users register multiple credit cards onto a single piece of plastic for in-store payments and ATM withdrawals. The device is about the same size as a normal credit card, ETNews reports, and has a small LCD display, buttons to select which virtual card to use and a connector for recharging. The handset maker confirmed in November 2015 that it is working on launching its own mobile payment service.
December 9th, 2015
ID technology specialist Morpho has acquired mobile payment solutions provider AirTag for an undisclosed sum. “AirTag develops secure mobile transaction solutions; the company developed AirPass, a virtual bank card solution using host card emulation (HCE) technology and based on a proprietary tokenization platform,” Morpho says. “By combining their areas of expertise, the two companies will be able to manage the multiple security aspects involved in mobile payments.”
October 5th, 2015
A team of NFC payments veterans has launched a campaign on Kickstarter to raise funds for an NFC ring that can be used to make payments at contactless POS terminals and across the Transport for London network.
May 13th, 2015
Orange Spain is to launch a new version of its Orange Cash service allowing users to pay with their smartphone at Visa contactless point-of-sale terminals and make online payments using one-time generated virtual cards. A previous version…
November 17th, 2014
EcoCash, Africa’s second largest mobile money provider with 3.7m users, is to offer customers in Zimbawe a MasterCard debit card linked to their EcoCash wallet. This will enable them to use the funds in their…
February 27th, 2014
The HCE-based NFC payments solution to be deployed by Spain’s Bankinter this year has been demonstrated by the bank’s Alberto Perez Lafuente and technology provider Seglan’s Imanol Garcia in a video interview filmed by Visa…
May 2nd, 2013
Business travel payment specialist Airplus is pilot testing a mobile wallet solution that generates virtual card numbers travellers can use to pay for travel expenses. The solution expands on the company’s existing AirPlus AIDA software…
April 17th, 2013
Payments processing technology provider Carta Worldwide has launched a turnkey kit that can be used by banks and mobile network operators to run an NFC prepaid payments pilot with up to 1,000 participants. The kit includes…
October 17th, 2012
Canadian mobile network operator-owned NFC provider Enstream has sold its Zoompass mobile payments service to Paymobile, a financial technology company that provides program management services for a range of open loop prepaid and virtual card…
August 1st, 2012
Google has unveiled a new version of its Google Wallet service that avoids the requirement for individual payment cards to be loaded onto a secure element. Instead, a prepaid MasterCard which draws funds from linked credit and debit cards is pre-loaded onto the secure element.
September 12th, 2011
The patent covers a way to enable shoppers to create and use a ‘virtual payment card’ so they can make payments in shops and online with their mobile phone without divulging their card details.