China is outpacing the US and Europe in the development of mobile payment technology, according to Apple CEO Tim Cook... More
Archive for March 2017
Rambus hosts payments leaders in Rotterdam for Mobey Day
PARTNER NEWS: Rambus is hosting Mobey Day in Rotterdam from 21-23 March, bringing together speakers from ING, Aite Group, CaixaBank, Danske Bank and Mastercard to discuss the payments and buying experience... More
Chinese millennials rush to pay by mobile in stores
More than eight in ten Chinese millennials (85.6%) use in-store mobile payments at least once a week compared to 44.7% of US millennials, research released by branding agency Labbrand reveals... More
ABN Amro shares lessons learned deploying a mobile wallet service
Knowledge Centre Convenience, speed, reliability and security are the four most important pillars to building and delivering a successful mobile payment service, says Dutch bank ABN Amro’s senior product manager for mobile payments. Seven key lessons learned along the way are also shared in an in-depth paper which is now available in the NFC World Knowledge Centre. More
Paytm ‘goes global’ with payment app in Canada
Indian mobile wallet provider Paytm has launched in Canada, marking the service’s first expansion outside India... More
Contactless overtakes traditional card payments in Hungary
Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says... More
Square says ‘back end change’ brought down mPOS service
Mobile POS provider Square has blamed a “change we made to one of our back-end systems” for a service outage which affected payments and other services earlier this week... More
Lothian Buses to offer HCE mobile payments for public transport in Scotland
PARTNER NEWS: Scottish commuters using public transport services operated by Lothian Buses will soon be able to pay for their journeys using a host card emulation (HCE) based mobile payment service powered by Nevis Technologies, the joint venture between Scotland’s largest regional transport group Strathclyde Partnership for Transport (SPT) and technology provider Rambus... More
Rambus predicts how we will pay in 2020
PARTNER NEWS: An eight-page guide exploring how key developments in mobile payments will shape the industry in the next three years is now available to download from the NFC World Knowledge Centre... More
Starbucks takes mobile payments to India
Starbucks customers in India can now use their phones to pay for orders and earn loyalty program ‘Stars’ following the launch of the Starbucks India app... More
India opens way for direct mobile wallet transfers?
Indian mobile wallet users could soon be able to transfer money directly to each other, regardless of the service they use, if the Reserve Bank of India (RBI) goes ahead with plans to open up the Unified Payment Interface (UPI) platform to mobile wallet providers... More
FNB reports ‘sharp rise’ for contactless in South Africa
South Africa’s First National Bank (FNB) has seen a 270% increase in the number of contactless payments made with its credit cards over the last six months... More
Samsung Galaxy S8 to use face recognition for payments?
Samsung’s Galaxy S8 flagship smartphone “will employ facial-recognition technology for mobile payments within months of release,” Bloomberg reports... More
McDonald’s begins mobile order and pay trial
Fast food giant McDonald’s has begun testing its mobile order and pay service at 29 restaurants in the Californian cities of Monterey and Salinas... More
PrivatBank adds Mastercard to HCE payments
Ukraine’s PrivatBank has now made host card emulation (HCE) based mobile payments available for its Mastercard cardholders, using the Mastercard Digital Enablement Service (MDES)... More
ING offers Mastercard HCE payments in Poland
Mastercard cardholders at Polish bank ING Bank Śląski can now make host card emulation (HCE) based mobile payments using a ‘Mastercard on the Phone’ feature inside the My ING app... More
Safe mobile recharge service for women to roll out across India
PARTNER NEWS: A service to improve women’s safety, by allowing them to recharge their prepaid mobile account at any retail outlet with a private code generated by SMS rather than their phone number, will roll out across India later this month... More
Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’
Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian banks seeking access to the iPhone’s NFC functionality say in their latest submission to the Australian Competition and Consumer Commission (ACCC)... More
Security fears hit confidence in mobile payments
More than two thirds of global consumers (70%) fear hackers could steal their personal information when they use a mobile wallet, and 67% worry their money could be stolen, a report from Oxford Economics and Charney Research says... More
Capital One pilots text-based banking chatbot
A group of Capital One customers have begun piloting Eno, a chatbot that uses artificial intelligence to answer requests for account information and to pay bills via SMS and emojis... More