US bank-led digital payments network clearXchange’s real-time payments system is now available to all member financial institutions, allowing real-time transfers to take place within the same bank or bank to bank... More
Bank of America (BofA)
MCX appoints interim CEO after Best Buy announces support for Apple Pay
MCX CEO Dekkers Davidson has left the retailer-led consortium to “pursue other opportunities” in the same week it was announced that founder member Best Buy will roll out support for rival mobile payments service Apple Pay later this year... More
Bank of America reports on Apple Pay
Nearly 800,000 Bank of America customers have now enrolled to use Apple Pay and have added about 1.1m cards, the bank has revealed... More
Visa CEO: We may not charge a fee for tokenization
Visa will not charge a fee to card issuers making use of its tokenization service until at least the end of 2015 and may or may not charge a separate fee for the service in the future, CEO Charles Scharf has revealed at the Bank of America Merrill Lynch 2014 Banking & Financial Services Conference... More
Apple Pay glitch charges customers twice
Some Apple Pay users have been charged twice for purchases made using a Bank of America card, CNN’s Samuel Burke discovered after using the service to make purchases at Whole Foods and Duane Reade earlier this week. More
Visa details Apple Pay setup process
iPhone 6 and 6 Plus users with Visa cards issued by Bank of America, Capital One, Citi Bank, Chase and Wells Fargo Bank will be able to use Apple Pay in stores from launch on 20 October, Visa says. More
iPhone 6 to ship with NFC and support for Apple Pay mobile payments
UPDATED The new iPhone 6 and iPhone 6 Plus will include support for NFC, Apple has announced. The NFC functionality will let users make Apple Pay mobile payments in stores. More
Visa adds Checkout partners
Visa has signed agreements with a wide range of new partners that will make its new Visa Checkout service available to more than 4m online merchants across the US... More
US to get 575m chip cards next year
More than 575million EMV payment cards will have been issued by the end of 2015 by nine leading US card issuers who are members of the Payments Security Task Force (PST), an organisation set up in March 2014 “to drive executive level discussion that will enhance payments system security”... More
Visa Inc abandons digital wallet ambitions, Visa Europe to continue investing
Visa Inc is replacing its V.me digital wallet service with Visa Checkout, a new payment service that enables consumers in the US, Canada and Australia to pay for goods online, on any device, in “just a few clicks”... More
One third of US mobile banking users log in at least once a day
Some 31% of Americans who use a mobile banking app access the service at least once a day and more than four in five use it once a week or more, according to new research from Bank of America. Six in 10 respondents are not yet comfortable with the idea of using their smartphone as a wallet in the future, however, the survey found. More
Bank of America adds V.me
Bank of America has joined a fast growing list of banks announcing support for Visa’s V.me digital wallet service... More
mFoundry adds Intel, FIS and Motorola to investor list
The mobile banking platform provider will use $18m of new funding for “the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators.” More
NFC news in brief • 30 May 2011
News in brief from the NFC world and beyond: Identive, NXP sign VAR deal • Huawei planning NFC phones? • Vodacom looks to NFC • NFC domain names on Ebay • US banks debut P2P payments • Samsung smashes Galaxy sales record • US theme park to offer next-gen shopping experience • Rhodes framework adds NFC support • and more… More
Bank of America adds BlackBerry phones to NFC trial
BoyGeniusReport has revealed details of a new invitation-only NFC payments trial to be conducted by Bank of America... More
NFC news in brief • 31 Jan 2011
News in brief from the NFC world and beyond: Getyoo pings Belgacom • Mobey Forum expands • Clear2Pay goes to South Africa • Facebook takes the credit • Vancouver to go contactless • …and Philadelphia to follow • Airtel Money launch • CreditCall’s EMV ticketing kernel. More
Bank of America to issue contactless stickers next year
Bank of America plans to issue contactless stickers to its credit and debit card customers next year, PaymentsSource reports:... More
Visa responds to launch of Isis
“I remain highly confident in Visa’s long-term growth and innovation strategy, including our plans to continue work with our partners to accelerate the adoption and usage of mobile payments,” writes Bill Gajda, the company’s head of global mobile product, in a post on the official Visa blog. More
Bank of America NFC trial to focus on customer experience
Bank of America’s trial of DeviceFidelity’s microSD format NFC solution in New York will focus on the customer experience, the bank’s Michael Upton has told Bank Info Security in an in-depth interview... More
Vivotech adds OTA provisioning to DeviceFidelity’s microSD format NFC device
Vivotech and DeviceFidelity have partnered to add over-the-air (OTA) provisioning capabilities to the In2Pay microSD technology to be tested by Visa, Wells Fargo, Bank of America, US Bank and Akbank... More