TfL signs £2m payments promotion deal with Google Pay
Google has agreed to pay Transport for London (TfL) £2m (US$2.56m) for the right to place Google Pay branding on all of London Underground’s 5,686 tap in/out card readers for a year... More
Visa Checkout
Visa CEO shares contactless, tokenization, transit and secure remote commerce adoption data
Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
Payments networks begin rollout of single buy button for online commerce
American Express, Discover, Mastercard and Visa have gone live with an online checkout service that lets merchants add a single buy button to their sites to accept payments from any of the networks’ cardholders — without them first needing to create an account with the merchant or enter detailed payment data... More
US merchants increase support for NFC in stores, cut back on Apple Pay and Google Pay online
New survey finds fewer merchants accepting Apple Pay — Kount — “Support is up across the board for near field communication (up from 29% to 37%) and other mobile payments at the physical point-of-sale… Online merchant support for Apple Pay has gone down from 48% to 35%, Google Pay (previously Android Pay), is down from 38% to 25%, support for PayPal increased (from 48% to 64%) while 10% accept AliPay and 10% accept other e-wallets. The share of merchants who accept Samsung Pay, Visa Checkout, MasterPass, and Chase Pay all stayed constant from last year.”
Card networks to co-develop single buy button for online transactions
Shiny new button may help Visa, Mastercard and AmEx fight PayPal — Bloomberg — “Visa Inc and Mastercard Inc, the world’s largest card networks, told an industry conference they will combine their Visa Checkout and Masterpass payment options into a single button. Spokesmen for American Express Co and Discover Financial Services said their firms also will join the project… The new system will rely on Visa and Mastercard’s token technology.”
Survey finds high level of consumer satisfaction with mobile payments in US and UK
Auriemma Consulting Group conducts parallel study of mobile pay usage in the US and the UK — Auriemma Consulting Group — “While UK cardholders are slightly more likely than their US counterparts to have used Apple Pay (12% v 9%) and Visa Checkout (9% v 6%) within the past month, other options, such as PayPal In-Store Checkout (5% each) and Android Pay (4% each) show similar usage patterns. Although usage metrics are low, satisfaction with each technology is extremely high.”
Samsung Pay expands on online payments plan
Samsung Pay will be available for online payments at “hundreds of thousands of merchants around the world” where Visa Checkout is accepted later this year. The news follows an announcement by the company’s Justin Denison at Samsung Unpacked 2017 last week that the service was heading online through “strategic partnerships”. More
Samsung reveals S8 with multi-biometrics, Samsung Pay reaches quarter of a billion transactions and adds online payments
Samsung has unveiled its latest Galaxy S8 and S8 Plus flagship devices, with support for iris and facial recognition technology and a fingerprint sensor which is now located on the back of the phone. Samsung Pass deals with major banks, an expansion of Samsung Pay to include online payments and details of its Bixby virtual assistant have also been announced. More
Apple Pay most popular mobile payment service among US retailers, survey finds
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... More
Honda unveils in-vehicle payment service for fuel and parking at CES 2017
Honda is conducting the first proof-of-concept demonstration of its in-vehicle payments platform at the Consumer Electronics Show 2017 in Las Vegas... More
Visa and Mastercard tokenization deal will ‘simplify and secure payment experience’
The tokenization agreement signed yesterday by Visa and Mastercard will help to address the “lack of comprehensive tokenization across brands”, a key merchant barrier to adopting the technology, Visa’s VP of digital products Vish Shastry has told NFC World... More
Mastercard and Visa sign tokenization agreement
Mastercard and Visa have signed a tokenization agreement that will allow Mastercard to request tokenized Visa credentials from Visa for provisioning into Masterpass and Visa to request tokenized Mastercard payment credentials from Mastercard for provisioning into Visa Checkout... More
Visa opens up its tokenization platform to third-party suppliers
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device... More
Toronto Film Fest gets VR and NFC payments with Visa
Visitors to the Toronto International Film Festival (TIFF) are being given the opportunity to embark on a virtual shopping experience that enables them to enter a wardrobe studio to try on iconic costumes from famous movies, add items to a basket and pay using Visa Checkout... More
Visa Checkout coming to Braintree merchants
Visa Checkout will soon be offered as a service for US retailers using the PayPal-owned Braintree payments platform... More
Visa to supply athletes with NFC payment rings at Rio 2016
Athletes at this year’s Rio 2016 Olympic and Paralympic Games will be given an NFC payments ring linked to a Visa account that will let them make purchases by tapping their hand against contactless terminals. More
Visa Checkout lets users slide to pay
Shoppers can now complete online purchases through Visa Checkout by sliding a virtual image of their credit, debit or prepaid card across the screen of their smartphone... More
Visa simplifies Checkout sign-ups
Visa Checkout users will soon be able to scan an image of their credit or debit card with their mobile device to sign up to the service, rather than having to enter their information manually... More
Visa Checkout heads to six new markets
Visa is expanding its online payment service to France, India, Ireland, Poland, Spain and the UK this year, taking the total footprint to 22 markets... More
Visa extends Visa Token Service to auto manufacturers
Visa is extending its Visa Token Service platform to auto manufacturers to enable in-vehicle payment experiences through Visa Checkout. The company has partnered with Honda and car parking solutions provider ParkWhiz to demonstrate fuel and parking proof-of-concept solutions at Mobile World Congress in Barcelona this week. More