PARTNER NEWS: DCR’s truTap Mobile Wallet, powered by Carta Worldwide’s host card emulation (HCE) technology, has been named the “Gotta-Have Mobile App” in Paybefore’s annual awards for excellence in the worldwide prepaid, mobile and emerging payments industry. More
Ten contactless transactions took place in the UK every second in 2014, The UK Cards Association has revealed, and total spending on contactless cards more than trebled to reach a record £2.32bn. In total, 319.2m contactless transactions were conducted in 2014, up from 100.4m the year before. More
PARTNER NEWS: Fast growing mobile payments platform provider Mozido has made a US$2.5m investment in SimplyTapp, bringing the total amount raised in the host card emulation (HCE) specialist’s Series B financing round to US$10.1m. More
Mobile network operator Du has formed a partnership with mobile payment service Beam Wallet and Majid Al Futtaim Ventures to promote Beam’s QR code solution to retailers and petrol stations across Dubai... More
Apple has added more than a dozen new banks to its list of institutions that now support Apple Pay, bringing the total count to more than 60, 9to5mac reports... More
Keep up to date: Get NFCW's headlines by email every Wednesday
The team working on PayPal’s move into in-store payments has been among the hardest hit by layoffs across parent Ebay Inc’s three divisions, Re/code reports, adding that “PayPal’s in-store initiatives, which includes mobile payments and a credit card reader called PayPal Here, have largely been viewed as big disappointments inside the company”... More
Join NFC World and payments testing specialist Gerd Thys from Clear2Pay on Tuesday 24 February to gain an in-depth understanding of the new testing, quality and compliance challenges created by the arrival of HCE and tokenization — and how to address them. This online workshop takes place at 15:00 GMT and attendance is free of charge. More
Visa Europe is to invest more than €200m a year in new payments technologies to accelerate the growth of digital payments, the payments network has announced... More
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call. More
5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994... More
More than six in ten (61%) US ATM operators expect “the vast majority” of their network will be capable of handling EMV transactions by the end of 2016, the ATM Industry Association has revealed... More
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call. “On our tokenization efforts, we are very actively working with issuers in other parts of the world and would expect to see some tokenized solutions in the marketplace this calendar year.” More
Keep up to date: Get NFCW's headlines by email every Wednesday
McDonald’s restaurants across the US are adding a new payment method for a two-week promotion, letting customers pay for their orders with “random acts of loving” such as giving out high fives and hugs, taking selfies, calling family members, dancing and blowing kisses. More
Start-up Qvivr has begun taking pre-orders for Swyp, a US$49 dynamic magnetic stripe card that uses Bluetooth LE, incorporates buttons and a display and works in conjunction with a smartphone app to emulate up to 25 credit, debit, gift or loyalty cards... More
The next event in NFC World’s free educational webinar series will be held at 15:00 GMT on Tuesday 17 February when mobile payments expert David Worthington from Bell ID will explain how tokenization works and how it can help you better secure mobile payment services. More
Over a quarter (25.8%) of the world’s online transactions now take place on a mobile device, up from 23.3% in the third quarter of 2014 and 37% up on the 18.8% recorded in the fourth quarter of 2013, Adyen’s quarterly Mobile Payments Index has revealed... More
Strex, the mobile payments joint venture between Norwegian carriers Telenor, TeliaSonera and Tele2, has selected software and services provider Amdocs’ Mobile Financial Services solution to “consolidate the operators’ multiple SMS-based payment systems into one” mobile wallet... More
Passengers can now add a payment card to Spanish low-cost airline Vueling’s app and use it to pay for flights, just by tapping a contactless credit card to their NFC phone. More
Google is expanding availability of its Send Money in Gmail service, enabling users in the UK to send money to friends and family from within their Gmail account... More
Prepaid card issuers using Cachet Financial Solutions’ Select Mobile Money white label platform can now offer their customers a way to charge Apple Pay transactions to their prepaid account balance, the company has announced. More
