What's New in Payments

Facebook blockchain wallet boss sets sights on financial services

Facebook exec explains how the new Libra currency will help the company’s core businesses — CNBC — “If we are successful at providing a wallet that allows people to store money securely and send to anyone anywhere in the world, then over time we think there will be an opportunity to provide more financial services for people — you can imagine things like credit,’ Weil said.”




NFC World

Eagle Creek lets luggage owners share their stories via NFC

Eagle Creek debuts NFC-connected luggage — Mobile Marketer — “Travellers can see a personalised dashboard that shows all the places they’ve travelled, along [with] a leaderboard that ranks their mileage against the other owners of its line of Caldera luggage. Eagle Creek also provides a lost-and-found feature to help people locate misplaced bags, warranty registration features and detailed product information and videos. Caldera owners also can share information about their trips with their friends, family and followers on major social media platforms.”


What's New in Payments

Saudi banks pilot blockchain-based cardless ATM withdrawals

Saudi banks trial blockchain-based identity technology at ATMs — Computer Weekly — “The Saudi Arabian trial will enable local consumers to use their faces and blockchain-based apps to withdraw money from cashpoint machines instead of PINs. The ID authentication prototype, currently under test, can communicate across banks and uses blockchain to confirm an individual’s identity without accessing the bank’s database.”


What's New in Payments

Societe Generale lets cardholders add personalized bank cards to Apple Pay

Societe Generale brings personalized credit and debit cards to Apple Pay — Societe Generale — “Societe Generale offers over 180 personalised physical cards, but this marks the first time customers will see the exact same card as they have in their wallet in Apple Pay. ‘With Apple Pay’s personalisation mirroring our cards’ personalisation, we are demonstrating continuity between our digital and our physical products,’ said Julien Claudon, head of card and digital payment.”


What's New in Payments

Visa to let merchants offer instalment plans to cardholders

Visa unveils instalment payment capabilities to give shoppers simple and flexible way to pay — Visa — “Visa’s instalment capabilities are changing the game by allowing issuers to leverage an existing payment account consumers already have and are familiar with, instead of asking them to submit to a credit check, download an app or open another line of credit,” said Sam Shrauger, senior vice president, global head of issuer and consumer solutions, Visa. “We expect instalments to become a foundational method of payment at checkout for both domestic and cross-border commerce payment transactions.”






What's New in Payments

Apple Pay to go live in Greece, Portugal and Slovakia this week

Apple Pay rolls out to Greece, Portugal, Slovakia on Wednesday — Apple Insider — “Following the expansion of Apple Pay into the Netherlands on 11 June, reports indicate banks in three more countries in Europe are adding support to Apple Pay at the same time in the coming week. Believed to take place on June 26, the launches will occur covering Slovakia with multiple banks, as well as Greece and Portugal.”



What's New in Payments

EU offers issuers extra time to implement strong customer authentication

Opinion of the European Banking Authority on the elements of strong customer authentication under PSD2 — European Banking Authority — “In order to avoid unintended negative consequences for some payment service users after 14 September 2019, CAs [national competent authorities] may decide to work with PSPs [payment service providers] and relevant stakeholders, including consumers and merchants, to provide limited additional time to allow issuers to migrate to authentication approaches that are compliant with SCA [strong customer authentication].”





NFC World

Phoenix Suns to provide basketball fans with mobile payments and NFC ticketing at Talking Stick Resort Arena

Basketball players jumping for ball

Arizona-based National Basketball Association (NBA) team the Phoenix Suns are to offer fans access to mobile payments and NFC ticketing from within their mobile app, via a partnership with Ticketmaster, that will see the team move to mobile-only ticketing at its Talking Stick Resort Arena from the start of the 2019/20 season in October... More


NFC World

HonkMobile launches app-free Apple Pay NFC payments

woman tapping phone on sign

Parking payments specialist HonkMobile has unveiled a ‘virtual parking meter’ that uses Apple Pay’s new support for NFC tags to let iPhone users tap an NFC sticker to quickly make a payment via Apple Pay — without first needing to download an app or register for a service... More