The Apple Store app for iOS has been updated with two-step authentication, meaning users will now need to enter both a password and a verification code sent to a trusted device before they can complete a purchase... More
Archive: News in brief
Mobile payment market worth $2.8tn by 2020
The global mobile payment transaction market will be worth an estimated US$2,849bn by 2020, up from US$392bn in 2014, representing a compound annual growth rate (CAGR) of 39.2%, Future Market Insights has revealed. NFC is expected to exhibit the fastest CAGR (46%) of major mobile payment transaction technologies during the forecast period... More
India’s ICICI Bank launches voice recognition service
India’s largest private sector bank ICICI Bank has become the first in the country to launch a voice recognition-based service, allowing more than 33 million customers to make banking transactions through the bank’s call centre by authenticating themselves using their voice... More
PayPal adds Touch ID to iOS app
PayPal is letting its iOS mobile app users log in and access “virtually any part” of their PayPal wallet using Apple’s Touch ID... More
Audi Q7 includes NFC tablet
German car maker Audi’s new Q7 model features an NFC-enabled tablet, allowing passengers to transmit information and entertainment to and from their smartphones which can then be distributed throughout the vehicle... More
Danske Bank pilots Zwipe biometric cards
Denmark’s Danske Bank has become the latest financial institution to pilot a contactless biometric card developed by Norway-based Zwipe that features an integrated fingerprint sensor and has received the backing of MasterCard... More
UK cash payments fall to 48%
The total number of cash payments made by consumers, businesses and financial organisations in the UK fell to 48% last year, marking the first time that non-cash payments have exceeded those made with cash, the Payments Council reports... More
NXP ‘focused on mobile wallet’
PARTNER NEWS: “What we’re focused on is the mobile wallet,” NXP CEO Rick Clemmer has told CNBC in an interview in which he discusses the company’s smartphone products, growth in China and its partnership with Qualcomm... More
Android to get fingerprint authentication
Android M, the next edition of Google’s mobile operating system, will include native fingerprint authentication to allow users to log in to their Android devices without entering a password, BuzzFeed reports... More
Apple Pay headed to Belgium?
Belgium’s KBC Bank has tweeted that it will be adding support for Apple Pay as early as this summer in response to a customer’s question about whether the financial institution would ever support for the mobile payment service... More
Join NFC World and the GSMA today for an NFC transport ticketing webinar
More than 300 NFC World readers are set to take part in a free webinar on NFC in transport ticketing presented in association with the GSMA and the Mifare4Mobile Industry Group at 3pm BST/4pm CEST/10am EDT today... More
Express rolls out support for Apple Pay
Clothing retailer Express has begun accepting Apple Pay across its stores in the US... More
Sekur.me brings Apple Pay online
Online authentication provider Sekur.me has made it possible for merchants to accept Apple Pay for online payments for the first time, via a Universal Buy Button that works with a wide range of platforms and gateways, browsers and on both Android and iOS devices... More
iZettle adds support for NFC and contactless payments
Sweden-based mPOS provider iZettle has begun distributing a contactless-enabled terminal to select partners in the UK that will allow them to begin accepting NFC mobile payments, as well as contactless and chip and pin transactions... More
MasterCard launches P2P payments service
MasterCard has unveiled a P2P payments service that lets consumers send and receive funds “within seconds” from “virtually any” US debit card account... More
Apple gets Concert Ticket+ patent
The US Patent and Trademark Office has granted Apple a patent for its Concert Ticket+ concept, first unveiled in 2010... More
US to get same day ACH payments
Members of the Electronics Payments Association (NACHA) have approved Same Day ACH (Automated Clearing House), an amendment to the NACHA Operating Rules that will enable same-day money transfer for “virtually any” ACH transaction... More
Apple Pay now live at nearly 300 banks and credit unions
Apple has added a further 35 financial institutions in the United States to its list of participating banks and credit unions, taking the total number of card issuers it works with to nearly 300... More
Amazon’s Gauthier: NFC is “last century’s problem”
“Anyone working on NFC is focusing on last century’s problem,” Patrick Gauthier, the new vice president of payments at Amazon, has told Mashable in an interview in which he also indicates that he believes competitors in the mobile payments space — including Apple and Google — have “lost sight of what it is we’re here to do.” Until January, Gauthier headed up emerging retail services at PayPal, a company once anti-NFC which now appears to have changed its mind about the technology... More
US millennials lead the way for mobile payments
Some 41% of US millennials aged between 18 and 34 are now using mobile payments, compared to 18% of 35- to 44-year-olds, 14% of 45- to 54-year-olds, 10% of 55- to 64-year-olds and 8% of those aged over 65, research from POS supplier Harbortouch has revealed... More