What's New in Payments

Apple Pay adds loyalty cards and expands to UK

Apple's vice president of internet services, Jennifer Bailey, takes the stage

Apple Pay will be available in the UK from July 2015, vice president of Apple Pay business Jennifer Bailey has announced at the iPhone maker’s Worldwide Developers Conference (WWDC). Users of the mobile payments service will also be able to add store credit, debit and loyalty cards to their Apple mobile wallet from “this fall”. More



What's New in Payments

Google misses out on transaction fee revenues

Google won’t earn any transaction fees from credit card issuers for Android Pay, unlike Apple which receives 0.15% of the value of each credit card transaction made with Apple Pay,  sources have told The Wall Street Journal.“That is because Visa and MasterCard recently standardised their tokenization card-security service and made it free, preventing payments services from charging fees to issuers,” the newspaper reports... More





What's New in Payments

Four in ten UK smartphone owners willing to make NFC mobile payments

Firstsource Solutions

Almost two fifths (38%) of UK smartphone owners are willing to make NFC mobile payments, research carried out by YouGov on behalf of business process management company Firstsource Solutions has revealed. More than half (55%) of 18- to 24-year-olds are willing to do so, compared to less than a quarter (24%) of those aged over 55. More