Credit card data stolen in recent data breaches at big retailers has led to a wave of fraudulent Apple Pay transactions, reports the Wall Street Journal... More
- Apple Pay users in the US to get buy now pay later option with iOS 16
- BIS reports on CBDCs in emerging markets
- Moroccan bank launches biometric payment card
- US digital bank introduces contactless payments rings
- Riksbank completes digital currency payments pilot
Softcard to close down on 31 March
The Softcard mobile wallet service is to close down altogether at the end of March 2015 in the wake of a deal between Google and the three US carriers that founded the NFC payments venture... More
Visa prepares to launch HCE services with multiple banks
Visa is to launch NFC payments services based on host card emulation with “several leading financial institutions around the world” in the coming months, with BBVA and Cuscal already live. Others coming soon include Banco do Brasil, PNC and US Bank. More
Visa Europe expands on customised tokenization plans, will go live mid-April
“Tokenization does a couple of things brilliantly; one is it really helps on facilitating innovation, facilitating the use, for example, of mobile phones for payments,” Visa Europe’s Sandra Alzetta told NFC World following the payment network’s announcement of plans to launch a customised tokenization platform to European banks in April. “In addition to that, it really helps to further enhance security.” More
Optus shows off wearable payments
Australian mobile network Optus has shown off a prototype watch that can be used to make contactless payments as an extension of its Cash by Optus prepaid NFC payment app. More
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Qkr! payments at Wagamama
Diners at UK restaurant chain Wagamama can now pay for their meals at their tables using MasterCard’s Qkr... More
Pizza Hut could let customers order and pay for pizza from their cars
Pizza Hut is testing a proof-of-concept “connected car” system that would let its customers order and pay for pizza from their vehicle before identifying themselves when arriving at the restaurant through Bluetooth beacons placed in designated parking bays. More
SpotMe app lets Android users spend Apple Pay cash
Android users can spend their iPhone-owning friends’ money using a new app that can capture NFC payment transaction tokens from other devices and hold onto them before spending them later. More
Google confirms Android Pay at MWC
Google is building a framework for mobile payments in Android, a senior executive has revealed at Mobile World Congress... More
PayPal readies contactless reader
PayPal is preparing to launch a new version of its PayPal Here card reader that can handle transactions with contactless cards and NFC devices. More
PayPal to buy MCX supplier Paydiant
Paypal is to acquire Paydiant, a white label mobile payments specialist and developer of a platform that allows retailers to incorporate payment, loyalty and offers functionality into their own apps. More
Video shows Samsung Pay in action
A short video published by MasterCard shows Samsung’s new Samsung Pay mobile payment service in action, demonstrating how a user chooses a payment card, authenticates and then holds their phone next to a standard payment terminal to conduct a transaction. More
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Carta makes HCE simple with hosted Cloud Suite payments platform
PARTNER NEWS: Carta Worldwide has introduced Cloud Suite 1.0, a cloud-based platform-as-a-service solution for banks and wallet providers that supports tokenization, digital credential management, host card emulation, NFC proximity and remote payments. More
Samsung Pay’s success in the US is not assured, says expert
Google’s recent acquisition of Softcard’s NFC payments business may hit Samsung Pay’s prospects for widespread US adoption hard, says a respected payments consultant... More
Mobile money users grow 41% in 2014
Active mobile money accounts worldwide grew 41% to more than 100 million in 2014, a report from the GSMA’s Mobile Money for the Unbanked programme has found... More
MasterCard discusses how Samsung Pay works
Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals, MasterCard’s Matt Barr has told NFC World. More
Apple Pay provisioning fraud hole “has to get plugged now”
“Rampant” fraud levels being experienced by US card issuers that have signed up for Apple Pay need to be addressed with urgency, payments consultant Cherian Abraham has told NFC World, to avoid Apple, the individual banks and tokenized mobile payments as a whole suffering a reputational damage. More
Bank of England ponders own digital currency
The Bank of England is consulting external experts on research designed to help set future policy which includes considering the effects of issuing its own Bitcoin-like digital currency... More
Fibank to launch HCE mobile payments
Bulgaria’s First Investment Bank is joining forces with MeaWallet to provide the bank’s customers with a mobile payments service which uses cloud-based security and host card emulation (HCE) technology... More
Barclays to allow Twitter payments
Barclays will be the first British bank to allow people to send payments using just the recipient’s Twitter username... More