What's New in Payments

Apple Pay adds loyalty cards and expands to UK

Apple's vice president of internet services, Jennifer Bailey, takes the stage

Apple Pay will be available in the UK from July 2015, vice president of Apple Pay business Jennifer Bailey has announced at the iPhone maker’s Worldwide Developers Conference (WWDC). Users of the mobile payments service will also be able to add store credit, debit and loyalty cards to their Apple mobile wallet from “this fall”. More



NFC World

Lycos unveils wearables with NFC

Internet company Lycos has announced a line of NFC-equipped wearable devices including a ring ($59.99) and a wristband (US$124.99) that tracks the wearer’s physical activity, displays incoming calls and notifications and connects to a smartphone with a tap... More



Google files contact lens authentication patent

Google has filed a patent with the US Patent and Trademark Office that describes a contact lens which collects reflected light through sensors to assemble an image of the iris that is then matched against a stored image to authenticate the wearer... More


Brain waves could replace passwords

Brain waves could be used to verify a person’s identity in the future, researchers from Binghamton University have demonstrated in a study published in academic journal Neurocomputing... More


What's New in Payments

Google misses out on transaction fee revenues

Google won’t earn any transaction fees from credit card issuers for Android Pay, unlike Apple which receives 0.15% of the value of each credit card transaction made with Apple Pay,  sources have told The Wall Street Journal.“That is because Visa and MasterCard recently standardised their tokenization card-security service and made it free, preventing payments services from charging fees to issuers,” the newspaper reports... More