Absa to give clients early access to Samsung Pay — TechCentral — “Absa, in association with Samsung South Africa, will soon be offering its customers early access to Samsung Pay before the service is commercially launched in South Africa,” the bank said. “The partnership with Samsung Pay will give Absa customers even more choice on how they can make payments.”
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SoftBank to enter Japanese mobile payments market with Paytm technology and three years’ free processing offer
SoftBank and Yahoo Japan JV to launch ‘PayPay’, barcode-based smartphone payment services in collaboration with India’s Paytm in the fall — SoftBank — “PayPay Corporation, a joint venture established by SoftBank Corp and Yahoo Japan Corporation, today announced that the company will launch ‘PayPay’ smartphone payment services using barcodes (QR code) in fall 2018. PayPay Corporation will team up with India’s largest digital payment company Paytm, a SoftBank Vision Fund portfolio company, to utilize Paytm’s technology and expertise in mobile payments… The service will be free to affiliate stores for the first three years from its launch.”
Chase Pay links up with Samsung Pay to let cardholders pay with NFC and MST
Chase Pay and Samsung Pay join forces — Samsung — “Chase Pay customers with compatible flagship Samsung Galaxy smartphones now have the option to link Chase Pay to Samsung Pay. This means that customers will now be able to use Samsung Pay’s Magnetic Secure Transmission (MST) technology, along with NFC, to pay with the Chase Pay app at millions of merchants in the United States by simply tapping the payment terminal.”
Stripe unveils DIY mobile and physical card issuing platform
An API for creating cards and new business models — Stripe — “Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards… Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases. It includes support for Apple Pay and Google Pay, allows programmatic dispute handling, and provides real-time authorization hooks.”
Coles Supermarkets picks Rambus’ Unified Payment Platform to ‘revolutionise retail in Australia’
PARTNER NEWS: Australian supermarket giant Coles, one of the country’s largest retail groups, is to adopt Rambus’ Unified Payment Platform, an omnichannel commerce and payments solution that lets retailers offer a standalone or integrated mobile wallet application that supports credit cards, gift cards, loyalty points, coupons and receipts... More
NXP gets $2bn takeover breakup fee from Qualcomm
NXP Semiconductors reports second quarter 2018 results — NXP — PARTNER NEWS — “NXP has received today notice from Qualcomm Incorporated that Qualcomm has terminated, effective immediately, the purchase agreement between NXP and an affiliate of Qualcomm following the inability to obtain the required approval for the transaction from the State Administration for Market Regulation (SAMR) of the People’s Republic of China prior to the end date stipulated by the parties under the purchase agreement. Qualcomm has notified NXP that it will pay the $2 billion in termination compensation by 9:00 am, New York City time, on July 26, 2018.”
Dutch bank lets consumers create a permanent, shareable personal payment link
Bunq.me renewed — Bunq — “Bunq.me now gives any person using any European bank the ability to receive money. All using their own personal link. You can set it up once, then use it a gazillion times. No Bunq app required.”
Worldpay shows how delivery drones could make use of contactless payments
Drone delivery ready to take off in the UK — Worldpay — “Worldpay’s Drone Pay proof-of-concept uses EMV contactless payment card technology to verify the identity of the recipient, ensuring a parcel is delivered to the right person at the right address. This technology is embedded into a drone landing pad, which is issued to the customer in the form of a doormat. When the drone lands to drop off the package, the card details stored within the doormat are read automatically. If the information matches that of the correct recipient, the parcel is released.”
Singapore Airlines rolls out blockchain digital wallet that lets customers spend loyalty points in retail stores
KrisFlyer launches innovative miles-based digital wallet, KrisPay — Singapore Airlines — “The SIA Group’s KrisFlyer frequent-flyer programme today launched KrisPay, the miles-based digital wallet which enables members to convert KrisFlyer miles into KrisPay miles instantly for everyday spending at partner merchants… Members can easily turn their KrisFlyer miles into KrisPay miles using the app’s instant top-up function… To pay for purchases, members simply need to scan the KrisPay QR code at the merchant, and key in the amount they wish to pay with their KrisPay miles.”
eBay to add support for Apple Pay
eBay to begin rolling out Apple Pay acceptance on its Marketplace platform this fall — eBay — “Earlier this year, eBay announced it will manage the end-to-end payments flow on its platform to further simplify and improve the buying and selling experience. The company is on track to start managing payments on a limited scale in the US early this fall, at which time buyers will be able to use Apple Pay to purchase items from sellers participating in the initial phase of the new payments experience.”
SoftBank and Paytm to launch mobile payments service in Japan?
SoftBank plans payments service for Japan by year-end — Bloomberg — “The service, a collaboration with Indian startup Paytm, will make extensive use of artificial intelligence for mobile payments and other financial services, the people said, asking to not be identified as the plans are private. An announcement is imminent, they said. Dozens of Paytm employees are working in Tokyo on getting the service up and running, one of the people said.”
Snapchat to close down its Snapcash P2P payments service
Snapchat will shut down Snapcash, forfeiting to Venmo — Techcrunch — “Snapchat will abandon the peer-to-peer payment space on August 30th… Shutting down the feature will bring an end to Snapchat’s four-year partnership with Square to power the feature for sending people money.”
Baseball fans can now use Apple’s Messages app to order and pay for food and drink from their seats
Philadelphia Phillies and Aramark launch Apple Business Chat at Citizens Bank Park — Aramark — “With the ease of a text message, Philadelphia Phillies fans can now order beverages using their iPhone without missing a minute of on-field baseball action… Fans in designated sections of Citizens Bank Park will be able to use Apple Business Chat to place orders using their iPhone’s Messages app to have the menu items delivered directly to their seats, as part of a ground-breaking pilot program.”
Garmin Pay expands to three new smartwatches
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.”
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.”
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.”