What's New in Payments

Korean banks accelerate mobile wallet plans

Korea’s banks are making a renewed push on mobile payments in the face of increasing competition from outside the financial services sector, Korea Bizwire reports, citing Hana Bank’s ‘Hana N Wallet’, Industrial Bank of Korea’s ‘IBK One Money’, and Shinhan Bank’s ‘Zoo Money’ and ‘My Shinhan Pay’ services... More

What's New in Payments

Visa to launch new payments service in September, Apple could be the first customer

Visa has unveiled a suite of services designed to “facilitate secure payments across a broad range of internet-connected devices and wearables”. The announcement of the new Visa Digital Solutions service comes amid reports that Apple is in talks with the payments network to enter the mobile payments market this year and includes the news that Visa’s cloud-based tokenization service will go live in September 2014 — the same month that the next iPhone and the first iWatch are expected to launch. More

What's New in Payments

Visa Inc abandons digital wallet ambitions, Visa Europe to continue investing

Visa Checkout

Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just a few clicks”. Visa Europe will continue to support V.me, however, and has pledged to invest a further €200 million in the digital wallet service. More