Your bank and Google Pay — Google (translation) — “Google Pay works with the following banks and payment service providers: Boon, Comdirect, Commerzbank, N26… Coming soon: LBBW, Revolut.”
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Eight in ten merchants expect real-time payments to replace debit and credit cards in Europe
One in four European merchants has experienced data theft — ACI Worldwide — “80% of European merchants believe that real-time payments will replace the use of debit or credit cards over time (in the Netherlands, 100% of merchants hold this view; in Belgium 87% and Germany 84%), 76% of merchants believe that real-time payments will help to save their business money, 63% believe real-time payments will reduce their payments acceptance costs. Half of all European merchants (48%) plan to increase their investment in payments technology in 2018.”
PayPal takes its Venmo P2P service in-store with new debit card
Take your balance shopping with Venmo card — Venmo — “With the Venmo card, you can use your Venmo balance in more places… Low Venmo balance? We’ll use your linked funding source to reload your Venmo balance so you can make that card purchase… For those with Venmo notifications enabled, you’ll be notified on your phone with each swipe. And, we aim to alleviate the panic that comes with losing a card: just a few taps in the app, and boom — your card is disabled.”
Fossil to add NFC payments to multiple smartwatch brands?
FCC reveals seven new Wear OS watches with NFC from Fossil Group [U: Two more models] — 9to5Google — “The Fossil Group is comprised of several fashion brands, with Fossil, Skagen, Misfit, Michael Kors, and others all making Wear OS devices. In general, they share the underlying technology, but different casing, styles, and sometimes features.”
SPA white paper examines the potential of bank cards with built-in biometric sensors
KNOWLEDGE CENTRE: Biometric sensor-on-card solutions, where a fingerprint sensor is built into a standard EMV card, “represent an important step forward for the finance industry, opening the way to eliminating fraud for issuers and cardholders, reducing costs and providing the additional security and identity verification required to support remote or cross-border transactions,” the authors of a new white paper conclude... More
Citi to let customers check their bank account from within Facebook Messenger
Citi joins chatbot arms race, unveils Facebook messenger tie-up that will launch later this year — South China Morning Post — “Citi’s offering will be the first Facebook Messenger-embedded chatbot to let customers access their own financial records and potentially conduct transactions in future. It plans to roll out the service worldwide following its launch in Singapore in March.”
BBVA tests face recognition payments
BBVA launches facial recognition payments — BBVA — “Customers in the bank’s restaurants simply have to smile (or not, depending on their mood) at a camera booth next to the cash registers, and provided they have registered, the system identifies them and automatically bills the customer for the purchase… Colleagues can also use the dedicated Selfie & Go app to order their drinks ahead, with the system automatically charging the customer when they collect.”
Indian mobile payments firms raised US$1.5bn in funding in 2017
Investors shift focus to mobile payments, last mile payment firms — Business Standard — “Mobile payments alone gathered close to $1.51 billion in the year 2017 through 13 rounds of funding, according to data compiled by Tracxn. Investors say that the money is going beyond wallet businesses now into last mile solutions because the payment systems are maturing and the industry is leaping into the next stage where collaborations happen and solutions are end-to-end.”
Dollar General lets customers check out on their mobile phones
Dollar General pilots mobile checkout app — Progressive Grocer — “Tennessee-based Dollar General is the latest food retailer and first dollar-store chain to move into mobile checkout… Users will receive a receipt immediately via the app and via email. Any digital coupons are applied automatically when customers scan items, and the app alerts users regarding any additional discounts or promotions.”
National Bank of Canada lets merchants accept contactless payments on their Samsung smartphones
National Bank launches Easy Pay, a mobile point-of-sale solution enabling Canadian SMEs to accept contactless payments — National Bank of Canada — “With Easy Pay, merchants can accept payments in person using a compatible smartphone — no peripherals required. After registering for the Easy Pay solution, they simply download the Easy Pay app in order to accept payments from customers using an eligible contactless credit card or via the customer’s digital wallet.”
Google explains how its BiometricPrompt API will work
Better biometrics in Android P — Google — “Starting in Android P, developers can use the BiometricPrompt API to integrate biometric authentication into their apps in a device and biometric agnostic way… A support library is also provided for devices running Android O and earlier, allowing applications to utilize the advantages of this API across more devices.”
UnionPay promotes mobile payments adoption with discounts at merchants around the world
UnionPay International launches its biggest-scale summer marketing campaign — UnionPay — “Merchants in Hong Kong, Macau, Taiwan, Japan, Russia, Australia and other countries and regions are providing discounts for UnionPay mobile QuickPass. For instance, customers can purchase Aeroexpress ticket in Moscow for only one ruble. Secondly, customers can download u-plan e-coupons that can be used at about 6,000 merchant locations in 17 countries and regions via the app to enjoy the best discount in-store. Thirdly, the app users can check about merchant offers, card-using tips, tax refund guides and other practical information.”
UK government to use NFC to verify residency status of EU citizens after Brexit
Brexit: Three ‘simple’ questions for EU citizens to stay in UK — BBC — “Applicants with Android phones will be able to download an app which can read the chip in their passport to verify their identity — and they will be able to take a ‘selfie’ that can be checked against Home Office records, said Mr Javid. But he said there was an ‘an issue at the moment’ with Apple device users, who will not be able to make use of this app, and instead will have to send in their passport to prove their identity… The home secretary said he had raised the issue with Apple on a recent visit to Silicon Valley and the company was ‘looking at it actively’.”
Antelop adds Visa Token Service certification to its white label mobile wallet platform for banks and card issuers
PARTNER NEWS: Antelop Solutions has received certification from Visa as a Token Requestor-Token Service Provider (TR-TSP), enabling banks and card issuers to use its white-label multi-scheme SaaS solution to launch their own NFC mobile payment solutions based on Visa Token Service (VTS)... More
Dubai’s Atlantis resort installs blockchain-based payments system for guests
Atlantis resort rolls out blockchain-based guest payment solution — ITP.net — “The new payment system gives guests at Atlantis either a wristband or a digital wallet to charge all their services during their stay. Details of every transaction are recorded in Lucid Pay, so that in the event of any dispute, both parties are able to see exactly what was charged for. Visibility into transactions will also help in combating fraud.”
Car manufacturers back NFC for digital keys
Car Connectivity Consortium announces publication of the Digital Key Release 1.0 Specification, delivering to the industry a standardized smartphone as a car key solution — Car Connectivity Consortium — “The Release 1.0 specification provides a generalized deployment method that allows vehicle OEMs to securely transfer a digital key implementation to a smart device, using an existing Trusted Service Manager (TSM) infrastructure. By leveraging NFC distance bounding and a direct link to the secure element of the device, CCC is assuring the highest state-of-the-art security level for vehicle access.”
Apple Pay launches in Norway
Nordea launches Apple Pay in Norway, DNB stays focused on Vipps — Reuters — “Nordea Bank launched Apple Pay to its customers in Norway on Wednesday… Visa separately said Apple Pay will also be available to Norwegian customers at Santander Bank, and soon also at Sbanken. Norway’s biggest bank DNB said it had been in dialogue with Apple, but will so far not offer Apple Pay to its customers as it would rather concentrate on its self-made Vipps payment solution.”
Beijing metro looks to biometrics to speed up payments at turnstiles
Beijing subways to get bio-ID system — China Daily — “Two bio-recognition technologies — facial recognition and palm touch — are being considered, said Zhang Huabing, head of enterprise development for Beijing Subway… Facial recognition technology can track passenger movements with cameras connected to online networks that recognize people when they enter a station, potentially allowing them to bypass traditional ticketing.”
Bankwest wins new customers with NFC payments ring
With this ring, I do my banking — Information Age — “An experiment in wearable payment tokens has become such a successful drawcard for new customers that Bankwest technologists have found themselves on a crash course in the dynamics of the fashion accessory market… Customers loved the rings so much that, despite the absence of formal advertising campaigns, they have proved to be adept at attracting new customers – who have snapped up half of all rings sold to date.”
Paytm integrates games, TV, sports and news into its mobile wallet app
Now enjoy news, live TV, cricket, entertainment & games in Paytm Inbox — Paytm — “We have added a host of new features to ‘Inbox’, our in-app messaging service that allows you to chat with friends and family and send/request money at the same time. You would now be able to enjoy in-app live TV, news, cricket, entertainment videos and games on-the-go for free.”