What's New in Payments

Visa sets out tokenization expansion plans

Visa

Visa is to expand its Visa Token Service to more regions, to a range of mobile devices and to online transactions made using its Visa Checkout service in 2015, the payments network has announced, “helping to prevent exposure of sensitive consumer account information in online and mobile payments.” More


What's New in Payments

Visa adds mobile location checking

Visa has launched Visa Mobile Location Confirmation, a service that works through a participating bank’s mobile banking app to determine whether a payment request is legitimate or not by matching a phone’s location to the location of a payment transaction... More


What's New in Payments

Starbucks adds Apple Pay to app

Starbucks has updated its iOS app to add support for Apple Pay, making it possible for users to reload their Starbucks cards using Apple’s mobile payments service.“There has been no word on whether Starbucks plans to implement NFC and support for in-store use of Apple Pay,” MacRumors says... More


What's New in Payments

Google testing new payments service?

Google is testing a service called Plaso “that allows people carrying Android phones to pay at retailers like Papa John’s and Panera Bread by saying their initials to employees at the cash register,” The Information reports, citing “four people who have been involved in or briefed about it.” The pilot has been live since “last fall”... More


What's New in Payments

India moves to mobile payments

National Payments Corporation of India (NPCI) has published the first draft of a specification that will be used to introduce an electronic payments system that leverages both mobile payments and Aadhaar, India’s biometrics-based ID system... More



What's New in Payments

Mozido buys PayEase

Mobile payments platform provider Mozido has acquired Chinese cross-border payment gateway provider PayEase with the aim of introducing its mobile payments and retail marketing solutions into the Chinese market... More



What's New in Payments

Contactless payment card shipments grow 35%

Four out of every 10 smart payment cards shipped in 2014 (40%) were contactless, representing a year-on-year growth of 35% with much of the increase driven by Europe and Asia, the Smart Payment Association’s annual review of the card payment market has revealed. A total of over 1.5bn smart payment cards were shipped globally last year. More