Square has received more than 350,000 pre-orders for its contactless chip reader, CEO Jack Dorsey revealed during the company’s fourth quarter earnings call... More
- CWC sessions you may have missed: Transdev, Smart Payment Association, European Central Bank
- Transdev reports on hands-free transport ticketing pilot
- Smart Payment Association reports on new instant payments model that leverages existing bank card, merchant terminal and banking infrastructure
- European Central Bank reports on digital euro for Contactless World Congress
- Linxens reports on the market outlook for biometric cards, display cards, dynamic CVVs, sustainable substrates and more
Study examines attitudes to contactless payments in the UK, Germany and Spain
More than 90% of British, German and Spanish business leaders interviewed for a survey of attitudes to contactless technology have already invested in contactless projects and expect that 10% of all transactions will be contactless within the next three years, a white paper now available to download from the NFC World+ Knowledge Centre reveals. More
Fido Bank launches HCE mobile payments in Ukraine
Consumers across Ukraine can now make host card emulation (HCE) based mobile payments using The Pay, a new service launched by Fido Bank in partnership with mobile wallet platform provider PriNum. More
More than 100m people will make an NFC mobile payment in 2016
More than 100m people around the world will use an NFC handset to make a purchase this year, according to a new report from Strategy Analytics, and the value of transactions conducted via NFC handsets will grow from US$30bn in 2016 to US$240bn in 2021. More
People’s United Bank adds Samsung Pay
Customers of People’s United Bank in the US can now add their debit cards to Samsung Pay... More
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Proxama discusses Visa’s new cloud-based payment specs
PARTNER NEWS: A blog post by mobile commerce provider Proxama discusses the implications of Visa’s updated cloud-based payments specifications which include a requirement for issuers to migrate from alternate PANs to tokenization... More
Huawei Pay to launch in China
Handset maker Huawei is to launch its own mobile payment service in China in cooperation with Bank of China... More
Verizon removes Samsung Pay from Galaxy handsets?
US mobile network operator Verizon is shipping the Samsung Galaxy S7 and S7 Edge without support for Samsung Pay, according to an Android Police report... More
Suretap goes live with loyalty
Users of the Suretap NFC mobile wallet can now earn and redeem loyalty points as a result of a partnership between the Canadian mobile wallet provider and the Points loyalty network announced in November 2015... More
ExxonMobil rolls out Apple Pay at the pump
Motorists across the US can now pay for their fuel at the pump at more than 6,000 ExxonMobil gas stations using Apple Pay and the fuel retailer’s Speedpass+ mobile payment app. The oil and gas company plans to expand the app’s availability to more than 8,000 locations by mid-year. More
Square drops contactless for Australia launch
Mobile POS provider Square has launched in Australia, enabling retailers across the country to accept credit and debit card payments using their mobile phones... More
Ant Financial seeks US$3bn in funding
Alipay parent Ant Financial is planning to raise up to 20bn yuan (US$3.1bn) in its current funding round at a valuation of more than $50bn, according to The Wall Street Journal... More
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Samsung Pay records net loss of US$16.8m in 2015
Samsung Pay has recorded a net loss of US$16.8m since the mobile payment service was unveiled in March 2015, despite attracting approximately five million users in South Korea and the US in its first six months. More
PowaTag sold to investors
Mobile payments platform PowaTag has been sold to a consortium led by entrepreneur Ben White, administrator Deloitte has confirmed, following news that its parent company Powa Technologies went into administration last month... More
mBank cancels NFC SIM deals in favour of HCE and bank-backed Blik mobile payments
Poland’s mBank has withdrawn the facility for customers to add mobile versions of their debit cards to the NFC payments services offered by mobile network operators T-Mobile and Orange. Instead, the bank has told NFC World, it will focus on supporting bank-backed mobile payments service Blik and the launch of its own host card emulation (HCE) based service later this year. More
CU Wallet offers Mogl cashbacks
The 120 credit unions using the CU Wallet platform to support their mobile payment services can now offer customers up to 30% cashback on purchases at “thousands of merchants” through rewards program provider Mogl... More
Amex patent turns reward points into virtual currency
American Express is exploring a system that would let its customers use reward points for purchases in third-party digital wallets, according to a newly published patent application... More
Samsung Pay to enable deposits at South Korean ATMs
Samsung Pay users in South Korea will soon be able to both deposit and withdraw money from the ATMs of Woori Bank, Shinhan Bank, KB Kookmin Bank, Industrial Bank of Korea and NH Nonghyup Bank... More
Chinese consumers register 3m cards to Apple Pay in 48 hours
Chinese shoppers activated 3m bank cards with Apple Pay within two days of the mobile payment service’s launch, according to China Merchants Bank... More
Apple Pay adds 27 US banks
Apple has added a further 27 banks and credit unions to its list of Apple Pay supporting financial institutions in the US... More