Apple is preparing to add support for both merchant-presented and consumer-presented QR mobile payments to Apple Pay later this year, a hidden feature in the second developer beta of iOS 14 suggests... More
Barclays has become the first UK high street bank to leverage open banking APIs to enable its customers to use its mobile banking app to make payments from accounts they hold with other banks... More
Google has included Quick Access Wallet, a new feature that lets users quickly access details of all their stored payment cards from their lock screen, in the Android 11 Developer Preview... More
Evidence of a new feature that will make it possible to use an iPhone or an Apple Watch as a car key has been spotted in the first beta version of iOS 13.4, which was released to developers yesterday... More
Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
Rethinking Payment Request for iOS Chrome — Google — “The best way to enable more seamless and secure payments on the web is to enable an interoperable ecosystem, where digital wallets can bring their best experience to the web. This means shifting focus to the Payment Handler API, which is an emerging W3C standard that allows third party payment handlers, which can be either native mobile apps or progressive web apps, to integrate with the browser to handle Payment Requests… This shift in focus means that we will eventually sunset Chrome’s built-in ‘basic-card’ payment handler.”
Icici Bank launches India’s largest API banking portal with nearly 250 APIs — Icici Bank — “The Icici Bank API Banking portal, which consists of 250 APIs, enables developers of prospective partner companies across the globe to seamlessly sign up on it, create an application, select the application, test it out and get the sample code. With this, businesses, fintechs, corporates and e-commerce start-ups can easily partner with the Bank and co- create innovative customer solutions in a frictionless manner, all from the convenience of a single portal.”
JPMorgan Chase, Envestnet l Yodlee sign agreement to increase customers’ control of their data — JPMorgan Chase & Co — “Envestnet I Yodlee is committing to send 100% of its requests for Chase customer data through the bank’s secure API (application programming interface). This will ensure the apps can receive Chase customer data they need while customers control what’s shared with whom…. Because the secure API uses a token-based approach, customers will no longer need to give out their username and password.”
One Biometric API over all Android — Google — “In addition to supporting multiple biometric authentication form factors, the API has made it much easier for developers to check whether a given device has biometric sensors… In addition, the framework has built-in support for facial authentication in Android 10 so that vendors don’t need to create a custom implementation.”
Visa is inviting issuers and processors to explore a new payments platform designed to “turn the transaction on its head” and “unlock an entirely new world of possibility when it comes to accessing, accruing and saving money”... More
Swift publishes new ‘Pay Later’ API standard — Swift — “By selecting Pay Later at the point of purchase, customers are provided with available loans from their banks; they can then select and initiate a loan, knowing that the funds can immediately be credited to the merchants and items dispatched. By offering the Pay Later option, merchants are in turn able to offer a wider variety of purchase options and to reach a wider consumer audience, whilst still ensuring surety of payment.”
UnionPay International gives global developers access to its APIs — UnionPay International — “UnionPay International is providing three types of services via UPI Developer: First, offer open access to its major APIs. Developers now have access to the APIs of 18 of UnionPay’s most popular payment and data services, including QR code payment and Token. Second, offer a combination of multiple APIs to provide partners with one-stop payment solutions, assisting them in both product developing and commercial application. Third, offer diverse technical support services, including technical documentation, technical guidance and product testing and certification.”
Google’s latest Pixel 3 smartphones include a new “enterprise-grade” security chip that provides a range of features designed to increase the security of applications that make use of sensitive data, Google has revealed... More
Standard Chartered has announced that it is working on a new type of payments solution that “could revolutionise the way corporates communicate with banks for financing or payments.”... More
Google has begun rolling out Android 9 ‘Pie’, the latest version of its mobile operating system which includes support for GlobalPlatform’s Open Mobile API, a new BiometricPrompt API, and added NFC and Trusted Execution Environment (TEE) security techniques... More
An API for creating cards and new business models — Stripe — “Stripe Issuing is an end-to-end platform for quickly creating, distributing, and managing physical and virtual cards… Stripe Issuing is certified directly with all major card networks as an issuing processor, which ensures reliability and rapid feature releases. It includes support for Apple Pay and Google Pay, allows programmatic dispute handling, and provides real-time authorization hooks.”
Better biometrics in Android P — Google — “Starting in Android P, developers can use the BiometricPrompt API to integrate biometric authentication into their apps in a device and biometric agnostic way… A support library is also provided for devices running Android O and earlier, allowing applications to utilize the advantages of this API across more devices.”
PARTNER NEWS: Antelop Solutions has received certification from Visa as a Token Requestor-Token Service Provider (TR-TSP), enabling banks and card issuers to use its white-label multi-scheme SaaS solution to launch their own NFC mobile payment solutions based on Visa Token Service (VTS)... More
PARTNER NEWS: Payment solutions provider Valitor is to use Dejamobile’s cloud-based payments platform to provide its clients with the ability to add mobile payments and a branded mobile wallet to their services... More
UK banks are trying out location-based P2P payments — Tearsheet — “On Friday, Revolut introduced a feature called ‘Near Me’ which lets its customers find other Revolut customers using the same feature and send them money without knowing their contact details. On Monday, Monzo rolled out a capability called ‘Nearby Friends’… When the user opens Nearby Friends, Monzo generates a token representing the user through its API, which is then sent to Google Nearby through Bluetooth on the user’s device to ‘broadcast’ it to other Monzo apps within a 90-foot radius.”
