Apple Card is now available to all US consumers, the iPhone maker has announced — and the 3% cashback offered to cardholders who use their card to make an Apple Pay mobile payment for an Apple product will now be available from “more merchants and apps”... More
- Revolut lets customers pre-authenticate their contactless card as they approach the SCA transaction limit
- Accenture issues $280bn payments revenue warning to banks
- Monzo to use app notifications to address Strong Customer Authentication communications issues
- Apple expands 3% cashback network for Apple Card holders to Walgreens and Duane Reede stores
- PepsiCo unveils customer loyalty programme that delivers cashback rewards to PayPal and Venmo accounts
Facebook to partner with banks for WhatsApp payments rollout?
WhatsApp in talks to launch mobile payments in Indonesia — sources — Reuters — “Unlike in India where it plans to offer direct peer-to-peer payment services, WhatsApp will simply serve as a platform in Indonesia supporting payments via local digital wallets due to tough licensing regulations… The Indonesia model could become a template for WhatsApp to adopt in other emerging markets to get around regulations on foreign players creating their own digital wallets, the sources said.”
National QR mobile payments service to go live in Indonesia
Indonesia’s central bank says it has now completed the development of QRIS, an EMV-compliant national QR Code Indonesian Standard for mobile payments... More
7-Eleven brings mobile self-checkout to New York stores
Shoppers at 7-Eleven stores in New York can now use their mobile phones to self-checkout and pay for their purchases, the convenience store giant has announced. “Mobile Checkout takes convenience to the next level, letting customers in New York City skip the checkout.” More
Barclays opens Pingit wearable payments store
Barclays has opened an online store which will offer users of its Pingit mobile payments service a wide range of wearable payments devices, including watches, jewellery, wristbands and key fobs. More
XYZ to adopt finger vein payments at co-working cafe
Co-working space provider All Work & Social has signed up as the launch partner for a biometric payments system that uses the pattern of veins in a customer’s fingertip to replace the need to carry a card, phone or cash... More
EMVCo to support eight-digit Issuer Identification Numbers from 2021
EMVCo is to add support for eight-digit Issuer Identification Numbers (IINs) in 2021, with the result that “point of sale terminals may need to be updated to ensure they recognise and have the ability to process both existing and longer IINs, or transactions may be terminated or processed incorrectly”. More
Sub-prime borrowers to boost US Apple Pay adoption?
Apple has instructed its Apple Card issuing partner Goldman Sachs “to approve as many of its 100 million-plus iPhone users in the US as possible” for its new credit card “within the bounds of regulations and responsible lending,” CNBC reports... More
UK issuers and merchants to get extra 18 months to implement Strong Customer Authentication
The UK’s Financial Conduct Authority (FCA) has agreed to give card issuers and merchants an extra 18 months to implement Strong Customer Authentication (SCA), the new customer identity verification regulation which forms part of the EU’s revised Payment Services Directive II (PSD2)... More
Three in four US Apple Pay users ‘are attracted to the Apple Card’
Three-quarters of Apple Pay users are attracted to the Apple Card — and so are 60% of eligible non-users, a US consumer survey conducted by Auriemma Group has found... More
Half of US Apple Pay users set to apply for an Apple Card
52% of Apple Pay users say they are likely to apply for an Apple Card in the next 12 months, a JD Power survey of US consumers has found... More
Daimler pilots Truck Wallet that lets vehicles make their own payments
Daimler Trucks has announced the successful completion of a proof-of-concept pilot of Truck Wallet, a machine-to-machine (M2M) payments service designed to enable vehicles to automatically pay for road tolls, electric charging and other services — without involving or interacting with the driver... More
China sets out plans for two-tier digital currency
China’s central bank has completed a five-year project to develop a digital currency that can be processed at a speed which is fast enough for it to be used in a retail environment, a senior People’s Bank of China (PBOC) official has revealed... More
NFC mobile payments to account for ‘just 1.6%’ of in-store transactions this year
Payment methods like Apple Pay and Google Pay will be used by US consumers to make transactions valued at a total of US$78.6bn this year, representing 1.6% of all US brick-and-mortar retail sales, according to a new forecast from 451 Research. More
Shinhan pilots face recognition payments in Korea
Korea’s Shinhan Card has begun testing Shinhan Face Pay, a face recognition payments system that it is developing with CU convenience stores operator BGF Retail “to identify customers who visit unmanned convenience stores in the future”... More
CaixaBank reports 87% rise in mobile payments users
One million CaixaBank customers are now using their mobile phone to make in-store payments, up 87% on this time last year, and 100,000 customers are making payments using wearable devices, the Spanish bank has reported... More
Face recognition to replace QR codes in China?
As China turns towards facial recognition payments, are QR codes on their way out? — South China Morning Post — “As the familiar square mosaic gains greater popularity outside China, the tech giants that helped to drive its adoption are already moving away from the app-based payment method to something even more portable: your face.”
Mastercard pilots blockchain product provenance platform
Mastercard enables luxury shoppers to purchase with confidence — Mastercard — “Consumers will be able to shop the exclusive Rodarte pieces at Fred Segal Sunset with the ability to scan a QR code on the garment’s tag to trace each step of the product journey. Consumers who purchase from Fred Segal’s online store can learn more about the product journey and verify authenticity by scanning the QR code when their package arrives at home.”
Apple Card begins to roll out in the US
The Apple Card starts rolling out today — The Verge — “Apple says a random selection of people who signed up to be notified about the Apple Card will be invited to sign up today… The signup process, which requires iOS 12.4, involves entering your address, birthday, income level and last four digits of your Social Security number. That information is sent to Goldman Sachs, which will approve or decline your application in real time… Once you’ve been approved, your new card will show up in your Apple Wallet immediately.”
Samsung lets Canadian merchants accept contactless payments on Galaxy smartphones
Samsung Pay Touch app turns your Galaxy smartphone into a PoS terminal — SamMobile — “Samsung has quietly launched the Samsung Pay Touch app to target small businesses in Canada. The app transforms compatible Galaxy smartphones into POS (point of sale) terminals that can accept contactless payments from customers… The biggest advantage of Samsung Pay Touch is that it doesn’t require any additional hardware to set up. As long as you have a compatible Galaxy smartphone, you can download the app and complete the registration to start using it right away.”
