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, near field communication (NFC) and contactless, and beyond Wed, 15 Jan 2020 16:17:27 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 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 Malaysian government offers cash incentives to mobile payments users https://www.nfcw.com/2020/01/15/365468/malaysian-government-offers-cash-incentives-to-mobile-payments-users/ Wed, 15 Jan 2020 11:34:24 +0000 https://www.nfcw.com/?p=65468 “The claims for the e-Tunai Rakyat initiative kicked off today with Touch ‘n Go eWallet, Boost and GrabPay selected to be the service providers for the project… Malaysians aged 18 and above and who earn less than RM100,000 (US$24,533) annually will be eligible to receive RM30 (US$7.36) each through any of the participating e-wallets.”

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Indonesia begins EMV QR mobile payments rollout https://www.nfcw.com/2020/01/14/365466/indonesia-begins-emv-qr-mobile-payments-rollout/ Tue, 14 Jan 2020 18:14:59 +0000 https://www.nfcw.com/?p=65466 “Indonesia’s central bank, Bank Indonesia (BI), officially imposed the QR code standardization called QRIS (Indonesian Standard QR Code) on January 1. This means that all mobile payment providers must replace their QR code with QRIS for easier transactions.”

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Visa to acquire Plaid in $5.3bn move into open banking and integrated payments https://www.nfcw.com/2020/01/14/365457/visa-to-acquire-plaid-in-5-3bn-move-into-open-banking-and-integrated-payments/ Tue, 14 Jan 2020 16:53:53 +0000 https://www.nfcw.com/?p=65457 Visa is to acquire Plaid for US$5.3bn, in a move that CEO Al Kelly says “will put us at the epicentre of the fintech world, expanding our total addressable market and accelerating our long-term revenue growth trajectory”. Plaid “makes it easy for people to securely connect their financial accounts to the apps they use to […]

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Visa to let merchants accept contactless payments on Android NFC phones https://www.nfcw.com/2020/01/13/365424/visa-to-let-merchants-accept-contactless-payments-on-android-nfc-phones/ https://www.nfcw.com/2020/01/13/365424/visa-to-let-merchants-accept-contactless-payments-on-android-nfc-phones/#comments Mon, 13 Jan 2020 13:19:52 +0000 https://www.nfcw.com/?p=65424 Visa has unveiled Tap to Phone, a new software-only solution that enables merchants to accept contactless payments on Android NFC mobile phones, without the need for any additional hardware. The solution is currently undergoing pilot testing in seven countries with five more to be added “over the next several months”. “Today, billions of people expect […]

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Samsung Pay adds ‘do not sell my data’ option for US users https://www.nfcw.com/2020/01/10/365422/samsung-pay-adds-do-not-sell-my-data-option-for-us-users/ Fri, 10 Jan 2020 16:04:19 +0000 https://www.nfcw.com/?p=65422 A new privacy controls section now lets users of Samsung Pay in the US opt to prevent the company from selling their data to “Samsung Pay Partners”, XDA Developers reports. “Some Samsung Pay functions won’t work when ‘do not sell’ is enabled,” users are informed when they turn on the option. The option has been […]

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Chinese mobile payments users report high levels of fraud https://www.nfcw.com/2020/01/10/365409/chinese-mobile-payments-users-report-high-levels-of-fraud/ Fri, 10 Jan 2020 14:49:18 +0000 https://www.nfcw.com/?p=65409 A survey of more than 150,000 Chinese digital payment users has found that two-thirds have come across deceptive QR codes and 40.8% have had their codes surreptitiously forwarded to other people in the past year. The Payment and Clearing Association of China’s 2019 Mobile Payments Survey also found that 67.2% of respondents have had their […]

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NXP reports on biometric payment cards https://www.nfcw.com/2020/01/09/365394/nxp-reports-on-biometric-payment-cards/ Thu, 09 Jan 2020 15:51:53 +0000 https://www.nfcw.com/?p=65394 Biometric cards equipped with built-in fingerprint sensors have the potential to make payments both safer and easier, but the technology is still new and there are critical elements that need to be put in place to ensure widespread adoption, NXP explains in a white paper now available to download from the NFCW Knowledge Centre. Fingerprint […]

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Dejamobile to host digital payments workshops at Paris Fintech Forum https://www.nfcw.com/2020/01/09/365384/dejamobile-to-host-digital-payments-workshops-at-paris-fintech-forum/ Thu, 09 Jan 2020 09:23:14 +0000 https://www.nfcw.com/?p=65384 PARTNER NEWS: NFCW readers are invited to join Dejamobile and speakers from Arion Bank, Crédit Agricole, GVS, Stocard, Tribe Payments and Valitor for two digital payments workshops taking place at the Paris Fintech Forum on the morning of 28 January 2020. Session one focuses on how digital payments are transforming loyalty and gifting experiences and […]

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Bangladesh begins national QR mobile payments rollout https://www.nfcw.com/2020/01/09/365382/bangladesh-begins-national-qr-mobile-payments-rollout/ Thu, 09 Jan 2020 09:03:21 +0000 https://www.nfcw.com/?p=65382 Mutual Trust Bank has announced it is to be the first bank in Bangladesh to go live with Bangla QR, an interoperable QR payments system backed by the country’s central bank. “Bangla QR will allow cardholders using Mastercard credit, debit and prepaid cards issued by MTB to carry out payments merely using a QR code […]

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Tencent and China UnionPay pilot interoperable QR mobile payment codes https://www.nfcw.com/2020/01/08/365370/tencent-and-china-unionpay-pilot-interoperable-qr-mobile-payment-codes/ Wed, 08 Jan 2020 12:30:05 +0000 https://www.nfcw.com/?p=65370 WeChat Pay operator Tencent is working with China UnionPay on the adoption of a common QR code that will allow merchants to use the same code to accept payments from both companies’ mobile payment services, Caixin Global reports. “The change would, for example, allow a merchant to accept payment from one customer using WeChat Pay […]

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