The global mobile payments market will reach US$3,388bn by 2022, growing at a compound annual growth rate (CAGR) of 33.4%, Allied Market Research predicts... More
Author archive:
Apple Pay offers Chinese New Year discounts
Apple Pay users in Singapore are being offered a string of discounts when using the mobile payment service to celebrate the Chinese New Year... More
Facebook gets Spanish e-money licence
Facebook has obtained a licence to manage money transfers between users in Spain, according to El Pais... More
One in 10 UK consumers have used mobile payments, survey reveals
More than one in 10 (11%) of UK consumers have made an in-store mobile payment and do so occasionally, with 2% doing so “wherever possible”, research from price comparison service uSwitch reveals... More
25% of UK card payments now contactless
A quarter of all UK card transactions in November 2016 were made using contactless debit and credit cards, The UK Cards Association reveals... More
US bank to upgrade all ATMs for mobile withdrawals
US bank Wells Fargo expects to be the first bank to fully convert all its ATMs to support a mobile withdrawals service, allowing customers to get cash by entering an eight-digit code generated by the bank’s app plus their PIN into the machine, CNN Money reports... More
Australian bank offers instant digital card replacement
Customers of Australian bank ANZ who report their card as lost or stolen will be issued with a replacement card instantly through Apple Pay or Android Pay... More
Mastercard sizes up data sharing
A patent filed by Mastercard shows how it could use data from purchase histories to infer information about the cardholder that could be used, subject to privacy controls, to let merchants tailor pricing of products and services to the individual... More
US consumers to use loyalty points as currency for in-store payments
US consumers will soon be able to purchase goods using loyalty points from multiple programs through Verifone Points Redemption, a new service designed for merchants which connects to third party loyalty programs and alerts shoppers when they have enough points available to complete a payment... More
Secure element security added to web applications
GlobalPlatform has released Web API for Accessing Secure Elements v1.0, a standardised communications interface between web applications and secure elements (SEs) that will enable sensitive data from online applications to be stored and processed in a secure, isolated environment... More
Gemalto secures mobile payments and loyalty pilot
PARTNER NEWS: Retail giant Carrefour is piloting a mobile payments and loyalty service in France, secured with Gemalto’s Mobile Protector platform, that allows customers to validate payments with a PIN code or their fingerprint, receive and redeem coupons and access loyalty programs... More
Samsung Pay to get AI assistant?
Samsung is to add a virtual assistant called Bixby to Samsung Pay, a Samsung Pay Beta page seen by Galaxy Club reveals... More
PayPal extends NFC payments with Discover
US consumers will be able to make NFC mobile payments using PayPal at the point of sale wherever Discover is accepted, and use their Discover Cashback Bonus to pay at online and mobile merchants that accept PayPal... More
European Central Bank calls for Europe-wide P2P mobile payments by end of 2017
Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of 2017, the European Central Bank (ECB) has revealed... More
Vehicle recognition used in ad campaign
Vehicle recognition is being used to deliver advertisements for luxury holidays in Bermuda to London drivers with high-value cars... More
Guide explains key concepts of tokenization
A 12-page guide that presents an overview of tokenization, how it secures mobile payments and where it fits into the payment processing chain is now available to download from the NFC World Knowledge Centre... More
PCI expands protections for mobile payments
The PCI Security Standards Council has updated its card production and provisioning standard to expand protections for mobile payments... More
Visa promotes contactless payments with gold prize draw
Visa cardholders are being automatically entered into a lucky draw for the chance to win one million Thai Baht (US$28,100) worth of gold whenever they use their contactless card or Samsung Pay at more than 20 retail chains across Thailand... More
Global mobile payment market to hit US$780bn in 2017
The global mobile payment market will reach US$780bn by the end of 2017, amounting to an annual increase of 25.8%, research firm TrendForce predicts... More
Germany to get nationwide mobile ticketing system
The German transport minister has unveiled plans to launch a single ticketing system across “almost all” cities in Germany that will enable commuters to pay with a chip card or mobile phone by 2019... More