What’s New in Payments – NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, NFC and contactless, and beyond Fri, 15 Nov 2019 15:38:28 +0000 en-US hourly 1 https://wordpress.org/?v=5.3 https://www.nfcw.com/wp-content/uploads/2019/07/cropped-nfcw-favicon-white-001-32x32.png What’s New in Payments – NFCW https://www.nfcw.com 32 32 37289602 Germany passes law forcing Apple to open up Apple Pay https://www.nfcw.com/2019/11/15/365055/germany-passes-law-forcing-apple-to-open-up-apple-pay/ Fri, 15 Nov 2019 15:38:28 +0000 https://www.nfcw.com/?p=65055 “A German parliamentary committee unexpectedly voted in a late-night session on Wednesday to force the tech giant to open up Apple Pay to rival providers in Germany… The legislation, which did not name Apple specifically, will force operators of electronic money infrastructure to offer access to rivals for a reasonable fee.”

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Samsung adds Promoted Cards to Samsung Pay in Australia https://www.nfcw.com/2019/11/14/365040/samsung-adds-promoted-cards-to-samsung-pay-in-australia/ Thu, 14 Nov 2019 16:17:58 +0000 https://www.nfcw.com/?p=65040 Samsung has teamed up with financial services comparison site Finder to add a credit card shopping feature to Samsung Pay, “enabling everyday Australians to discover compelling credit card offers from participating financial institutions” from within its mobile wallet. “The first-of-its-kind feature in Australia combines Samsung Pay’s secure digital payments platform and Finder’s deep understanding of […]

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Google to offer bank accounts? https://www.nfcw.com/2019/11/14/365033/google-to-offer-bank-accounts/ Thu, 14 Nov 2019 14:37:50 +0000 https://www.nfcw.com/?p=65033 Google is to begin offering checking accounts to consumers from next year, in partnership with banks and credit unions, according to The Wall Street Journal. “The project, code-named Cache, is expected to launch next year with accounts run by Citigroup Inc and a credit union at Stanford University, a tiny lender in Google’s backyard,” the […]

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Nestlé pilots face recognition payments in Barcelona https://www.nfcw.com/2019/11/14/365027/nestle-pilots-face-recognition-payments-in-barcelona/ Thu, 14 Nov 2019 13:50:06 +0000 https://www.nfcw.com/?p=65027 Food giant Nestlé is testing face recognition payments at Nestlé Market, a concept supermarket in Barcelona, Spain, that stocks the company’s established brands as well as the latest additions to its range. To use the service, shoppers download a Face to Pay Nestlé Market app for iOS or Android and register their personal details, bank […]

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Facebook Pay launches on Facebook and Messenger, Instagram and WhatsApp to follow https://www.nfcw.com/2019/11/13/365016/facebook-pay-launches-on-facebook-and-messenger-instagram-and-whatsapp-to-follow/ Wed, 13 Nov 2019 12:32:02 +0000 https://www.nfcw.com/?p=65016 Facebook has unveiled a unified payments service designed to provide “a convenient, secure and consistent payment experience across Facebook, Messenger, Instagram and WhatsApp”. “People already use payments across our apps to shop, donate to causes and send money to each other,” the company says. “Facebook Pay will make these transactions easier while continuing to ensure […]

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EU banks plot pan-European rival to Visa and Mastercard https://www.nfcw.com/2019/11/11/364999/eu-banks-plot-pan-european-rival-to-visa-and-mastercard/ Mon, 11 Nov 2019 14:52:46 +0000 https://www.nfcw.com/?p=64999 A group of 20 European banks are working together on “setting up a pan-European payment system to challenge the dominance of Visa, Mastercard and technology companies such as Google and PayPal,” French news agency AFP reports. “The Pan European Payment System Initiative (PEPSI) would handle all forms of cashless transactions,” AFP was told. The idea […]

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EU antitrust chief examines Apple Pay https://www.nfcw.com/2019/11/11/364997/eu-antitrust-chief-examines-apple-pay/ Mon, 11 Nov 2019 13:06:23 +0000 https://www.nfcw.com/?p=64997 Apple Pay “has attracted regulatory scrutiny” from the EU’s Competition Commission due to “several expressions of concern about the US tech giant’s mobile payment service,” Reuters reports. “We’ve been asking quite a number of questions because we get many, many concerns when it comes to Apple Pay for pure competition reasons,” the EU’s Commissioner for […]

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DressCode ships contactless payments shirts https://www.nfcw.com/2019/11/11/364990/dresscode-ships-contactless-payments-shirts/ Mon, 11 Nov 2019 12:35:53 +0000 https://www.nfcw.com/?p=64990 UK-based DressCode has begun offering a range of tailored men’s shirts that include a contactless payments module incorporated into the sleeve cuff. “We designed CashCuff for the fashion conscious high-tech lover; it’s hidden away out of sight, but always there when you want it,” says DressCode CEO Andy Boothman. “With a CashCuff shirt from DressCode, […]

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Mastercard partners with Tappy Technologies for wearable payments in Asia https://www.nfcw.com/2019/11/07/364978/mastercard-partners-with-tappy-technologies-for-wearable-payments-in-asia/ Thu, 07 Nov 2019 16:22:25 +0000 https://www.nfcw.com/?p=64978 PARTNER NEWS: Mastercard has announced a strategic partnership with Tappy Technologies that will see the two companies working together to let fashion brands easily add contactless payments to watches, jewellery and other accessories. Timex Group will be the first brand to use Mastercard and Tappy’s payment technologies, beginning with “a variety of collections and straps” […]

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PayPal and Venmo to move into in-store payments ‘next year’ https://www.nfcw.com/2019/11/06/364969/paypal-and-venmo-to-move-into-in-store-payments-next-year/ Wed, 06 Nov 2019 12:24:16 +0000 https://www.nfcw.com/?p=64969 PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios. Axios asked Schulman if it is important for PayPal to have a place in the physical retail store. “The short answer to […]

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