A task force set up by the Federal Reserve is calling on the payment and banking industry for comments on its efforts to enhance payment identity management, data protection and information sharing related to payments risk and fraud... More
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Bell ID’s TSP to help Japan Apple Pay integration
PARTNER NEWS: Rambus Bell ID’s token service provider (TSP) service is being used by IBM Japan to support Japanese banks’ integration with Apple Pay, which went live in the country this week... More
G&D to deliver prepaid wristbands for concerts and events
PARTNER NEWS: Giesecke & Devrient (G&D) is working with prepaid solutions provider Rittenhouse Payment Solutions to deliver prepaid smart wristbands which can be used at major public events... More
Apple Pay transactions up 500% year on year, CEO reports
Apple Pay transactions have risen nearly 500% year on year, with more purchases made in September 2016 than during the whole fiscal year in 2015, Apple CEO Tim Cook has revealed during the company’s latest quarterly financial results call... More
UK supermarket chain trials NFC digital receipts
British supermarket chain Tesco is trialling a digital receipt service which will instantly send via email an electronic record of purchases to customers using a unique NFC sticker linked to an app on their smartphones... More
US consumers ‘largely unfamiliar’ with contactless and mobile payments, research shows
PARTNER NEWS: Contactless payment systems remain largely unfamiliar to US consumers despite a high level of satisfaction with the technology... More
Mastercard to roll out biometric ID service in North America
Mastercard will launch its biometric identity verification system across North America in the first half of 2017, with Canadian bank BMO Financial Group the first to offer the service to its corporate customers... More
PayPal to be payment option in Messenger app
Online payments firm PayPal is to extend its relationship with Facebook and Messenger, becoming a payment option within the messaging app... More
App users positive on mobile payments
Consumers like the majority of mobile payment apps on the market and expectations of digital banking and payments are rising, according to a survey of user reviews of America’s flagship apps... More
Mastercard to launch artificial intelligence bots for banks and merchants
Mastercard has unveiled plans to launch artificial intelligence (AI) bots for its merchant and bank partners, allowing consumers to use chat, messaging and natural language interfaces to shop and manage their finances... More
Partnership deal for contactless payment wearables
Mastercard has announced a partnership with wearable payments platform provider Fit Pay to bring contactless payments to wearables and internet of things devices... More
Visa opens up its tokenization platform to third-party suppliers
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device... More
EMVCo and Fido to deliver biometric authentication standards for mobile payments
Fido Alliance is working with EMVCo to provide a new authentication standard for mobile wallet and payments developers, allowing consumers to use certified, on-device biometric verification when making in-store or in-app purchases... More
Mastercard adds online Masterpass payments to Android Pay, Samsung Pay and Microsoft Wallet
Mastercard has signed deals with Google, Samsung and Microsoft to allow its customers that use Android Pay, Samsung Pay or Microsoft Wallet to shop online wherever Masterpass is accepted, while Google has announced a similar deal with Visa to offer the same functionality to Android Pay users via Visa Checkout... More
Blockchain authentication for mobile transactions
South Korea’s KB Kookmin Card is working with Bitcoin exchange service startup Coinplug to release a blockchain-based personal authentication service for mobile transactions next month, Pulse reports... More
Intel to put Visa payments technology into connected devices
Visa and Intel are to work together to integrate payments security technology into Intel chipsets, enabling device manufacturers to build functionality into their products to create “a more secure payment process for the internet of things (IoT)”... More
Delhi commuters to get wearable travel cards
Delhi Metro Rail Corporation (DMRC) is to release wearable travel smart cards from next month, The Hindu reports... More
School children test wearable payments in Singapore
Singapore bank POSB has successfully completed the pilot test of a school contactless payments system that lets students make purchases in the canteen or bookstore and monitor their finances... More
US banks unveil money-transfer app
America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports... More
US banks told to improve cyber security
Bank regulators in the US have outlined cyber security standards designed to protect financial markets and consumers from online attacks against the nation’s financial firms, Reuters reports... More