American Express is exploring a system that would let its customers use reward points for purchases in third-party digital wallets, according to a newly published patent application... More
Archive for March 2016
Samsung Pay to enable deposits at South Korean ATMs
Samsung Pay users in South Korea will soon be able to both deposit and withdraw money from the ATMs of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea and NH Nonghyup Bank... More
NEC develops ear shape biometrics
NEC has unveiled a biometric technology that uses the resonation of sound determined by the shape of human ear cavities to authenticate the identity of individuals... More
Chinese consumers register 3m cards to Apple Pay in 48 hours
Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
Apple Pay adds 27 US banks
Apple has added a further 27 banks and credit unions to its list of Apple Pay supporting financial institutions in the US... More
NFC World is now available in Slack
Slack users can now get breaking news from NFCW delivered into their favourite news channel... More
Visa to end support for alternate PANs in cloud-based payments
Visa has updated its cloud-based payments specifications to include a requirement for issuers to migrate from alternate PANs to tokenization, NFC World has learned... More
MasterCard to include Daon technology in selfie pay service
MasterCard is to make use of mobile biometric technology provider Daon’s IdentityX Platform as one of the authentication technologies for MasterCard Identity Check, the ‘selfie pay’ service it is rolling out to the US, Canada and parts of Europe this year... More
Madrid pilots contactless ticketing
Commuters in Madrid are piloting contactless bank card payments on 33 buses across two bus lines as a result of a partnership between EMT, which operates the city’s bus network, and MasterCard, Banco Santander and Santander Elavon... More
Canada’s TD Bank Group adds HCE to mobile payment service
Canada’s TD Bank Group has added support for host card emulation (HCE) based mobile payments to the TD Mobile Payment application that it launched in May 2014. The service is the first in Canada to make use of Visa’s tokenization technology, the bank says. More
Apple Pay tops US merchant mobile wallet requests
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals... More
Czech buses get contactless ticketing
Commuters in the Czech Republic can now pay for bus fares using their contactless payment cards through a partnership between transport network BusLine and MasterCard... More
Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
Analyst compares global take-up of key mobile payment services
Apple Pay has attracted 12m monthly users globally since its launch in October 2014, while Google’s Android Pay has attracted 5m monthly users since becoming available in September 2015 and Samsung Pay has also attracted 5m monthly users, according to research by Crone Consulting which has been reported by Bloomberg... More
Google reports on US Android Pay adoption
Android Pay has averaged 1.5m new registrations each month in the US since the mobile payment service’s launch in September 2015, Google has revealed... More
Polish bank brings HCE payments to Windows 10 devices
Customers of Poland’s Bank Pekao with a Windows 10 Mobile device can now use the bank’s PeoPay host card emulation (HCE) based mobile payment service to make transactions at any contactless terminal... More
Wells Fargo adds support for Samsung Pay
Samsung Pay now includes support for Wells Fargo credit and debit cards, resulting in the mobile payment service supporting cards from 70 banks and credit unions covering more than 70% of the US credit and debit card market... More
NFC and the IoT webinar — See it now on NFC World
NFC World’s ‘NFC and the IoT: How NFC can bring plug-and-play simplicity to smart homes and the Internet of Things’ webinar is now available to view online... More
Google pilots hands-free payments in San Francisco
Shoppers in San Francisco’s South Bay area are being invited to take part in a pilot test of Hands Free, a payment service developed by Google that uses a combination of Bluetooth Low Energy (BLE), Wi-Fi and location services to let consumers make in-store payments without taking their mobile phone out of their pocket. More
58% of millennials prefer friends to pay cash
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals... More