The US Defense Information Systems Agency (DISA) is testing Android phones which continually verify the identity of the person using the device... More
Archive for February 2019
Barclays links retail loyalty programmes to payments cards
Barclays is rolling out a service which will enable customers to collect points from different retailers’ loyalty schemes when they pay with their Barclays bank card... More
Contactless payments to drive growth in global card market
Global card expenditure to reach $45tn by 2023 on back of contactless payments — RBR — “RBR forecasts global card expenditure will grow at an average of 10% per year between 2017 and 2023 to reach US$45.2tn. The average value of a payment, however, will fall from $67 to $62 over the same period as the influence of contactless cards grows — the latter are typically used for the lowest-value payments, and particularly those which would previously have been made with cash.”
Apple patent allows drivers to secure vehicles with Touch ID on their phone
Apple has applied for a patent for a system that uses the Touch ID or Face ID biometric authentication facility on its phones to unlock a car... More
Mastercard unveils ‘sonic brand’
Mastercard has introduced a ‘sonic brand identity’, a suite of sounds based around a melody that can be used in many different contexts to remind consumers they are dealing with the payments network... More
Atom Tickets adds movie tickets to Google Pay
Atom Tickets introduces new digital payment options for movie tickets — Atom Tickets — “Atom Tickets is among the first to use the Save to Google Pay feature… After a user has purchased tickets using Google Pay, they can save them in the Android app’s new Passes tab. When it’s showtime, use a phone as a ticket.”
CBA signs up 500,000 customers for Apple Pay
Commonwealth Bank of Australia CEO Matthew Comyn on [H2 2018] results — Seeking Alpha — “We’ve had more than 500,000 registrations in the last fortnight. We now have 1.5 million customers or cards registered for mobile banking.”
Boston to begin move to contactless ticketing ‘in late 2019’
T automated fare collection system expected to be completed by May 2021 — Curbed — “The Massachusetts Bay Transportation Authority expects to complete the T’s switch to an automated fare collection system by May 2021, but will begin rolling it out on a limited basis in late 2019… Riders will use a fare card, a smartphone app, or a contactless card to tap and board. Riders will be able to reload the fare cards and apps online and at vending machines in all T stations and at select bus stops.”
Canadian credit unions to let customers use their banking logins to access third party services
Central 1 launches integration for secure digital solution for financial institutions — Central 1 — “The seamless integration of Central 1’s product means financial institution customers can access additional online services using their existing digital banking credentials, providing fewer complex logins to remember and simplifying login access for over 80 government websites.”
New Jersey plans P2P payments legislation
Keeping a wrong Venmo payment could send you to jail if NJ bill passes — Philly.com — “Under the New Jersey bill, those who mistakenly receive an electronic payment but fail to return the funds after being told the payment was erroneous would run afoul of an existing law that deals with theft of lost, mislaid, or mistakenly delivered property… Penalties for theft in New Jersey range from a $1,000 fine to a decade of jail time.”
Mastercard doubles contactless transaction limit in Serbia
Additional benefit for Mastercard contactless consumers — CorD Magazine — “Mastercard today announced that the maximum amount for contactless payments without a PIN will increase to RSD3,000 (US$28.76)… The current limit for contactless payments without a PIN, set at RSD1,500, was established in 2008.”
Two in three US banks plan to issue contactless cards ‘within the next few years’
Here’s why your next credit card will probably be contactless — Auriemma Consulting Group — “Today, just 22% of credit card companies offer contactless cards in the US market, mostly in select portfolios. But 67% of card issuers plan to introduce contactless cards within the next few years, according to new data from Auriemma Consulting Group.”
Belgian banks roll out mobile payments app that supports both NFC and QR codes
A mobile payments app that supports contactless payment via NFC and both static and dynamic QR codes has been launched in Belgium... More
NXP and Identiv announce breakthrough in NFC tag pricing
PARTNER NEWS: A new NFC tag inlay, jointly developed by NXP and Identiv, is now available to order at an “unrivalled” price of US$0.05 per unit, “enabling a new generation of smart products across a wide range of end markets where NFC may have been previously considered price prohibitive.”... More
Samsung Pay adds support for low-cost international remittances
Samsung Pay starts overseas remittance service in 17 countries — Pulse — “Samsung Pay users can now wire money [internationally] through their mobile phones and save in fees compared to sending money overseas via a conventional remittance route… The beta service will be available in 17 countries including the United States, China, and Japan. The company plans to gradually expand the service to other countries as well as add more partners.”
Chinese banks fight tech giants for share of mobile payments market
China UnionPay has reported an increase in the number of Chinese consumers using their bank accounts to make mobile payments... More
NFC puck enables one-touch logon to WiFi networks
A stylish wooden puck incorporating an NFC tag that allows iPhones as well as Android devices to log onto a WiFi network with a single tap has been launched by New Jersey-based Ten One Design... More
Monzo lets customers collect and track digital receipts and loyalty rewards
UK challenger bank Monzo has rolled out a service allowing customers to collect digital receipts and loyalty rewards within its app... More
Uber to add transit ticketing support to its mobile app
Uber users will be able to use the ride hailing giant’s mobile app to pay for public transportation fares as well as taxi rides “soon”... More
US consumers to pass on mobile payments?
Instore mobile contactless services used by only 14% of online US customers, Juniper survey finds — Juniper Research — “Time is running out for OEM Pay providers to establish a dominant position in the US… Our survey shows that the majority of users who have not adopted OEM Pay are more interested in services like contactless cards than mobile-based payments.”