43 news stories.
• Should HSBC be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should HSBC be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Apple iPhone users with debit and credit cards issued by five additional banks and issuers in the UK can now check their current balance, the remaining credit on their credit card and their card transaction history directly in Apple Wallet... More
Apple iPhone users in the UK can now check their current account balance, the remaining credit on their credit card and their debit and credit card transaction history directly in Apple Wallet... More
Mastercard and HSBC in the UK are piloting a card recycling system that the payments network hopes will become a blueprint for the global card industry... More
The Hong Kong Monetary Authority (HKMA) has officially launched six first-round pilots of a digital Hong Kong dollar or e-HKD with support from 16 banks, payments and technology firms to test the prototype central bank digital currency (CBDC) across a range of use cases including in-store, online and offline payments... More
Qatar Central Bank (QCB) has launched an interoperable national mobile payments system that enables Qatari residents and visitors to register and create digital wallets, complete instant money transfers and make in-store QR code payments with their mobile device... More
Google Wallet has gone live in Malaysia, enabling users to store and use their credit and debit cards, boarding passes, tickets and other digital credentials on their Android NFC smartphone or Wear OS smartwatch... More
The Reserve Bank of India (RBI) has begun testing a prototype wholesale central bank digital currency (CBDC) and will launch a pilot programme for a retail digital rupee with merchants and consumers in select locations “within a month”, the central bank says... More
Mastercard Inc CEO Ajay Banga on Q4 2018 results — Seeking Alpha — “We’ve received commitments from issuers representing approximately two thirds of our total US consumer volume to issue contactless cards within the next two years. This includes Citi, Capital One, KeyBanc, Santander, HSBC and others. We’re also working with leading processors like FIS to bring contactless to smaller issuers and to credit unions.”
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.”
Apple Pay Launches in Denmark, Finland, Sweden, and UAE — MacRumors — “In Denmark, Jyske Bank (Visa debit cards only) and Nordea are supporting Apple Pay. In Finland and Sweden, Apple Pay can be used with debit and credit cards from Nordea and ST1. Edenred and N26 support will be coming soon to Finland, while Ticket Rikskuponger will support Apple Pay in Sweden in the near future. In United Arab Emirates, the following banks and cards work with Apple Pay: Emirates Islamic (Visa credit, debit, and prepaid cards), Emirates NBD, HSBC (Visa and Mastercard credit and debit cards), Mashreq, Rakbank (Mastercard credit, debit, and prepaid cards), Standard Chartered Bank”.
OCBC Bank, HSBC, MUFG, IMDA complete proof-of-concept KYC blockchain — Digital News Asia — “The KYC [Know Your Customer] blockchain – running on a Distributed Ledger Technology (DLT) platform which enables structured information to be recorded, accessed and shared across a distributed network using advanced cryptography – allows banks to collect, validate and share customer information – with the customer’s consent – accurately, efficiently and in a secured manner.”
HSBC to let UK customers manage different bank accounts on one screen with new app — CNBC — “Customers can add accounts from up to 21 different banks, including Barclays, Lloyds and Bank of America. When a new account is added, login details for each account are tailored to that bank’s interface… The bank has spent US$2bn globally to work on its digital banking platform.”
Selfies are the latest way to pay — HSBC — “The customer simply blinks into their camera using the ‘selfie mode’. Their identity is then checked against a photo held on a database. If the pictures match, and the customer enters the correct passcode into their banking app, they can transfer up to RMB50,000 (about US$7,600) a day. Previously, they had to use a token device for authenticating and making transfers.”
Pay with your iPhone in UAE before end of the year — Gulf News — “The American tech giant confirmed on Wednesday that Apple Pay is scheduled to roll out in the UAE before the end of the year and will be made available to debit and credit card customers of Emirates NBD, Mashreq, HSBC, RakBank, Standard Chartered and Emirates Islamic.”
Fitness wearable maker Fitbit has launched Ionic, a smartwatch that will combine health and fitness functions with the ability to make contactless Visa, Mastercard and American Express payments as well as payments using the wearer’s Starbucks Card account... More
Samsung Pay now supports HSBC and M&S Bank cards in the UK — Engadget — “It was only available to customers who bank with MBNA, Nationwide and Santander. Today, it’s playing catch-up with support for HSBC, First Direct and M&S Bank cardholders. While welcome, the app is still missing some of the big British money-lenders including Lloyds Bank and Barclays.”
Rise of the technophobe – education key to tech adoption, says HSBC — HSBC — “The study of more than 12,000 people in 11 countries reveals four in every five people (80%) believe that technology makes their lives easier but less than half (46%) trust fingerprint recognition to replace their password, despite it being recognised to be at least five times more secure and significantly more convenient than traditional passwords.”
BBC fools HSBC voice recognition security system — BBC News — “What’s really alarming is that the bank allowed me seven attempts to mimic my brothers’ voiceprint and get it wrong, before I got in at the eighth time of trying.”
Samsung Pay is now available in the UK for customers of three financial institutions — MBNA, Nationwide and Santander — with “more on the way”. The service supports iris scan authentication as well as PIN and fingerprint authentication for Samsung Galaxy S8 and S8+ owners and offers a ‘transport card’ option designed to speed up transactions on busy Transport for London (TfL) services. More
HSBC has become the latest bank in Australia to add support for Apple Pay... More