What's New in Payments

Amex tests wearable payments at the US Open

American Express backs card members and fans with innovative benefits at the 2018 US Open Tennis Championships — American Express — “To enhance the overall end-to-end fan experience, American Express will launch new services such as the Amex Band, a contactless payment wristband that allows eligible Card Members to pay for purchases and unlock unique benefits with a tap of the band.”


What's New in Payments

Amex files blockchain proof of payment patent

Systems and methods for blockchain based proof of payment — USPTO — “The system may be used to unlock a hotel, rental, or shared economy property door using the card (eg that was used for the payment) to look up proof of payment on a blockchain… In another example, the system may be used to provide ticketless access to venues (eg movie theater, sports event, concert, etc) to a customer… In still another example, the system may enable access control to rental vehicles (eg bike, boat, or car) to a customer in response to swiping the card.”


What's New in Payments

AmEx to personalize rewards to specific members and products

On the Money: Credit cards to perfect targeting program — The Associated Press — “American Express is piloting a program that will allow merchants to reward customers for purchasing specific items at their stores, starting with online merchant Boxed… Beyond promoting specific items, the change will also let American Express and its merchant customers target promotions to very specific customers.”


What's New in Payments

Card networks to co-develop single buy button for online transactions

Shiny new button may help Visa, Mastercard and AmEx fight PayPal — Bloomberg — “Visa Inc and Mastercard Inc, the world’s largest card networks, told an industry conference they will combine their Visa Checkout and Masterpass payment options into a single button. Spokesmen for American Express Co and Discover Financial Services said their firms also will join the project… The new system will rely on Visa and Mastercard’s token technology.”




What's New in Payments

American Express files faster blockchain payments patent

Systems and methods for blockchain based payment networks — USPTO — “A system, method, and computer readable medium (collectively, the ‘system’) is disclosed for a payment network using a blockchain-based ledger that is configured to execute payment transactions in response to blockchain requests… In various embodiments, the system may assess a risk associated with the transaction. The system may also approve the transaction in response to the risk associated with the transaction being acceptable. The system may also transmit a notification (eg a push notification) to the payee digital wallet that the transaction was successful.”


NFC World

Fitbit includes payments on special edition of new Versa smartwatch

Fitbit introduces Fitbit Versa, the smartwatch for all — Fitbit — “Leave your wallet at home and easily pay in any store where contactless payments are accepted… Now available with Fitbit Pay on Fitbit Versa Special Edition products; supported by nearly 40 banks in 14 countries, through eligible US American Express, Mastercard and Visa cards, with more countries and banks rolling out in 2018.”


What's New in Payments

Samsung Pay goes live in Mexico

Samsung Pay now available in Mexico — Samsung — “To bring this service to Mexico, Samsung strategically partnered with some of the country’s leading financial partners, including payment providers (American Express, MasterCard and Visa); banks (Banorte, Banregio, Citibanamex, HSBC and Santander); and banking acquirers, services and tools such as Clip and iZettle… Samsung Pay’s entry into the Mexican market marks the second Latin American country to receive the service and the 20th market worldwide.”



PayPal tops US survey of most trusted financial services brands

Landor Pulse: PayPal leads as most trusted financial services brand — Landor — “Approximately 30% of consumers rank PayPal as trustworthy, compared with 25% for Visa, 23% for Mastercard, and 17% for American Express… Apple Pay and Google Wallet are trusted by only 13% of consumers… Just 17% think Capital One and Chase are trustworthy, with Bank of America one point below at 16%… Bitcoin has the lowest rating of all, with only 6% of consumers believing it to be trustworthy.”


What's New in Payments

Samsung Pay adds Visa, Mastercard, Amex and Interac debit options in Canada

Samsung Pay expands in Canada with new partners — Samsung Electronics Canada — “Following a successful introduction with CIBC in the Canadian market, Samsung remains committed to enhancing Samsung Pay and making it a holistic digital wallet extending beyond credit cards with the introduction of debit cards and new partners including Interac Debit, Scotiabank, American Express Canada, ATB Financial, Visa Canada and Mastercard. In addition, Samsung Pay will be made available soon to Tangerine and Peoples Card Services customers.”


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