Garmin introduces the D2 Delta, the latest generation in aviator watches — Garmin — “All D2 Delta watches come with wireless connectivity with select Garmin avionics, Garmin Pay contactless payment solution, storage for music playlists and more.”
Archive for July 2018
Barclays files blockchain funds transfer and KYC patents
Barclays seeks twin blockchain patents for banking services — Coindesk — “The US Patent and Trademark Office published two applications by the UK’s second-largest bank Thursday, both of which revolve around account security. Perhaps most notably, however, was an application for a patent which outlined a blockchain platform which could facilitate cryptocurrency transfers. The bank also proposed streamlining know-your-customer processes by storing identifying information on a private blockchain.”
More than half a billion Chinese consumers now use mobile payments
More than half billion Chinese pay by mobile phones: report — Xinhua — “China saw fast expansion in the number of mobile payment users last year, reaching 527m at the end of 2017… The number of mobile payment users increased by 57.83m in 2017, 12.3% growth, the Internet Society of China said.”
Mastercard patent proposes combining blockchain with existing payments systems
Method and system for linkage of blockchain-based assets to fiat currency accounts — USPTO — “The use of traditional payment networks and payment systems technologies in combination with blockchain currencies may provide consumers and merchants the benefits of the decentralized blockchain while still maintaining security of account information and provide a strong defense against fraud and theft.”
Shoppers prefer Apple Pay over Walmart Pay
Walmart shoppers with access to Apple Pay are more likely to choose to use it than the store’s own Walmart Pay app, a new study has found, but those who do choose the retailer’s own app spend more at Walmart each month than those who use Apple Pay... More
Manhattan skyscraper secures fire safety system with tamper-evident NFC tags
PARTNER NEWS: Two thousand HID Trusted Tags have been installed in “one of Manhattan’s most iconic skyscrapers” to improve the security and management of the building’s fire and safety sprinkler system... More
NFC mobile payments roll out in Saudi Arabia
Visa and Saudi Mada partner to launch new mobile-based application, Mada Pay — Zawya — “Mada Pay is an Android-based mobile application that enables cardholders to make fast, easy and secure contactless mobile payments at NFC-enabled merchants throughout Saudi and abroad with KSA [Kingdom of Saudi Arabia]-issued Visa cards (credit and prepaid). Visa and Mada co-badged (debit and prepaid) cards can also be used with Mada Pay.”
VTB switches on Huawei Pay at retail outlets across Russia
VTB begins accepting Huawei Pay in its network of POS terminals — VTB Bank (translation) — “To start using the service, the customer must be the owner of a China UnionPay card and a Huawei or Honor mobile phone that supports contactless payment technology… VTB’s POS terminal network has more than 180,000 devices. Contactless cards and mobile payment services are accepted by the absolute majority of terminals.”
P2P payments gain acceptance across all US age groups
US consumers cite trust in banks and in friends and family — Early Warning — “More than 75% of Millennials have used online or mobile P2P payments. Generation X is a close second at 69%, and Baby Boomers are closing in at 51%… 49% of Millennials use P2P payment services at least once a week, followed by 42% of Generation X and 32% of Boomers.”
Malibu adds NFC tags to 300,000 bottles for ‘Because Summer’ campaign
Coconut rum drinks brand Malibu is building on the lessons learned from a 2016 NFC pilot to let customers in the UK and Germany use NFC tags attached to 300,000 bottles to take part in a Malibu Games ‘Because Summer’ experience that lets them win prizes and share ‘summer moments’... More
Mastercard and Worldpay to let merchants accept payments direct from customers’ bank accounts
Worldpay and Mastercard to enter new global partnership focused on innovating payments — Worldpay — “Under the partnership, Worldpay will offer the ‘Pay by Bank’ app — a new way to pay — to merchants in the UK starting in early 2019. Created by Mastercard’s Vocalink business, the ‘Pay by Bank’ app enables customers of UK businesses to make online payments for goods and services via their banking app, and directly from their bank account.”
Russian banks roll out mobile P2P payments
Tinkoff and Sberbank launch P2P money transfers using just a mobile number — Tinkoff Bank — “Tinkoff Bank has launched a joint initiative with Sberbank to allow their customers to make P2P money transfers using a mobile number… Tinkoff Bank is also actively involved in the development of a rapid payment system (SBP), which will allow customers to make instant transfers using other identifiers (such as email address, TIN, SNILS, social network accounts, etc) anywhere and at any time, regardless of the beneficiary bank.”
Amex files blockchain proof of payment patent
Systems and methods for blockchain based proof of payment — USPTO — “The system may be used to unlock a hotel, rental, or shared economy property door using the card (eg that was used for the payment) to look up proof of payment on a blockchain… In another example, the system may be used to provide ticketless access to venues (eg movie theater, sports event, concert, etc) to a customer… In still another example, the system may enable access control to rental vehicles (eg bike, boat, or car) to a customer in response to swiping the card.”
Nordic banks to build new payments infrastructure for instant cross-border payments
Banks are building a super-speed money highway in the Nordics — Bloomberg — “The P27 project — so-called for the 27 million people who live in Sweden, Norway, Denmark and Finland — will build on the success of smartphone payment applications that Nordic banks have already created, like Swish in Sweden, Norway’s Vipps, and MobilePay in Denmark… The aim is to make it possible to clear payments and settle accounts within seconds, regardless of currency.”
Google to boost Google Pay adoption with transfer option for cards saved in Chrome
Google Chrome’s Autofill feature, which stores users’ payment card details in the browser and posts them into payment forms on websites, will soon offer to transfer details of stored cards to Google Pay... More
Reader offer: Get a free ‘POS terminal in a box’ dev kit from STMicroelectronics
PARTNER NEWS: STMicroelectronics has 10 developer kits for its new contactless payments ‘in a box’ reference design available for NFC World readers to request free of charge... More
Central bank tightens rules on accepting cards and cash in Chinese stores
As China goes increasingly cashless, PBOC says cash payment is still alive — South China Morning Post — “The central bank in China, the world’s largest mobile payment market, is urging individuals and companies to not refuse or discriminate against cash payment… The PBOC said cash should be accepted alongside the debit card at all business outlets, with the exception of e-commerce and unstaffed stores. Businesses have one month from Friday to make necessary adjustments to avoid being investigated for breaches by the authorities.”
Eight million merchants now accept Paytm QR payments in stores
Tier II and tier III cities are leading the wave of digital payments adoption — Paytm — “We are powering the largest offline payments network with over 8m offline merchant partners who accept payments via the Paytm QR. We have a 3x larger merchant base compared to any card payments network in the country… This has helped us achieve an annual run rate of 5bn transactions and $50bn GTV (Gross Transaction Value).”
Facebook patent sets out how AIs could accept Messenger payments
Processing payment transactions using artificial intelligence messaging services — USPTO — “One or more embodiments use natural language processing to analyze messages from the user to the messaging bot, and from the messaging bot to the user, to identify a product and a request to purchase the identified product. Based on the identified product and the request to purchase the product, one or more embodiments initiate a payment transaction on behalf of the user based on a natural language conversation and without redirecting the user away from the communications session.”
Uber to let customers use Venmo to share costs with friends
Uber and Venmo partner to deliver a new payment experience — PayPal — “Uber customers in the United States ordering rides and food will soon be able to pay with their Venmo balance, linked bank account, credit card or debit card so they can easily split the cost with friends and family in the Venmo app, for no additional fee. Users can also share their purchases in their Venmo feed with custom emojis that are exclusive to the partnership, with Uber as the first company to have a branded emoji in the app.”