Almost one in five US consumers (18%) have used a mobile device to make either an in-store or online purchase, up from 16% in 2014 and 12% in 2013, research from Synchrony Financial reveals, based on nearly 7,000 Synchrony Bank cardholders and shoppers nationwide... More
Archive for July 2015
Square ‘files for public offering’
Mobile POS provider Square is reportedly set to go public after the company filed confidentially for an initial public offering... More
Visa signs up 2,300 financial institutions for Visa Token Service
More than 2,300 financial institutions and banking partners have now signed up for Visa’s tokenization service with international expansion set to happen “in the fall”, Visa has revealed during a third quarter earnings call... More
One in five Starbucks sales in the US made with mobile payments
Coffee chain Starbucks is processing nearly nine million mobile payments a week across its US locations, representing 20% of all in-store transactions, CEO Howard Schultz revealed during the company’s third quarter earnings call... More
Shell UK rolls out PayPal mobile payments at the pump
Motorists at oil and gas company Shell UK service stations can now make mobile payments at the pump using their Shell Motorist app and PayPal account... More
More than 50,000 European taxis to accept NFC mobile payments
Fifty thousand taxis across Europe will soon be upgraded to accept payments for journeys with either a tap of a passenger’s NFC phone using a mobile app provided by The Payment House or using a contactless card... More
In-store tests for CurrentC mobile wallet
US retailer-owned mobile payments consortium MCX is to test its CurrentC mobile wallet in stores next month, Bloomberg reports, adding: “MCX expects to formally introduce the CurrentC app some time in the third quarter.” MCX unveiled the CurrentC brand in September 2014 and confirmed to NFC World it would launch in a “mid-sized market” in April... More
25% of Brits to make NFC mobile payment this year
A quarter of British consumers (25%) expect to make an NFC mobile payment in the next year, research from MasterCard reveals... More
Three in four consumers interested in using alternatives to passwords online
One in six consumers find usernames and passwords “cumbersome” and 77% are interested in using alternatives to protect their security on the internet, research from Accenture reveals... More
Apple Pay adds 35 US banks
Apple has added an additional 35 banks and credit unions to the list of US financial institutions that support Apple Pay... More
Carrefour installs Bluetooth beacons in 28 hypermarkets across Romania
Supermarket giant Carrefour has installed 600 Bluetooth Low Energy (BLE) beacons in its 28 hypermarkets in Romania to guide shoppers around the stores and to deliver personalised promotions and offers either directly to their smartphones or to Samsung tablets affixed to the handles of their shopping carts. More
Joint venture to develop painless diabetes monitoring with NFC
A new joint venture that includes the US-based Mayo Clinic and Germany’s Fraunhofer Institute is developing an NFC-based diabetes monitoring system to replace the traditional glucometers that are currently used to monitor patients’ blood sugar levels. The system will also use phones to control insulin delivery, using disposable NFC insulin delivery systems. More
HP picks Carta for NFC mobile payments
PARTNER NEWS: Transaction technology provider Carta Worldwide has been selected to support the delivery of “tap-and-go” mobile payment services to HP customers in Europe, the Middle East, Africa, Asia Pacific and Canada... More
Apple Pay to hit 1.5m US locations by year end
Apple Pay is “on track” to be accepted at more than 1.5m locations across the US by the end of 2015, including at some 700 universities and colleges such as Auburn University, the University of California Irvine, Colorado State University, the University of Kentucky and the University of Oklahoma... More
Half of UK consumers want to pay with contactless
Just under half of UK consumers (47%) either expect or would prefer businesses to offer contactless payments for transactions of less than £20, research conducted by GfK for Lloyds Bank Cardnet reveals... More
LivQuick raises $1.6m for mobile wallet
Mumbai-based LivQuik, the company behind mobile payment service QuikWallet, has raised US$1.6m from existing investor Snow Leopard Ventures to scale its team, technology and merchant base... More
Apple to show ads based on prepaid balance?
Apple could begin sending targeted advertising to users based on the amount of prepaid funds they have available, according to a newly published patent application... More
7-Eleven offers mobile payments in Taiwan
Customers of convenience store chain 7-Eleven in Taiwan can now make mobile payments using a mobile wallet provided by Pi Mobile Technology backed by a bank card supplied by CTBC Bank... More
Half of UK young adults pay with contactless each month
Nearly half of 25-34 year olds in the UK (44%) use contactless payments in an average month, research from YouGov and payment systems provider ACI Worldwide has revealed... More
Nearly half of US diners interested in mobile payments
Some 46% of US diners like the idea of using their mobile phone to pay in restaurants even though they have never done so, while of the 13% that have tried it over half liked the experience, research from restaurant booking service OpenTable finds... More