Entrust acquires Antelop Solutions
PARTNER NEWS: Entrust, the world leader in secure payment card issuance, has announced a definitive agreement to acquire Antelop Solutions... More
API
Polish mobile payments service lets users make NFC payments direct from bank account
Consumers in Poland will soon be able to use their Android NFC device to make tokenized contactless payments at the point of sale (POS) directly from their bank account via their mobile banking app without needing a debit or credit card... More
Antelop launches one-stop token service provider hub for digital card issuers
PARTNER NEWS: Antelop Solutions has introduced a unified issuer token service provider hub that enables banks to simply and securely manage every stage of the digital card issuing and management process, from card enrolment to token lifecycle management... More
Chrome browser adds support for NFC tags
Android users will be able to read and write NFC tags straight from web apps with the release of Chrome 89, the upcoming version of Google’s web browser, next month... More
Hyundai to let drivers use their iPhone to unlock their vehicle
Hyundai is to let iPhone users lock and unlock their vehicles and control selected vehicle systems remotely with a digital key compatible with Apple devices... More
McKinsey and EBA identify threats to European banks’ payments revenues
The central role traditionally played by banks in the European payments ecosystem “may be coming under challenge” as some specialist payments providers reach double-digit growth rates in payment revenues, according to a report jointly published by the Euro Banking Association and McKinsey & Company... More
Antelop lets banks provide their customers with a way to manage tokenized cards from within their mobile banking app
PARTNER NEWS: Antelop Solutions has launched a tokenized card management solution that makes it possible for banks to provide their customers with the ability to view, control, push, update and manage the card details that they have shared with all the different mobile wallet providers and ecommerce merchants they deal with — from within their mobile banking app... More
Digital wallet user base to increase to 4bn by 2024
The number of digital wallet users globally will increase from 2.3bn in 2019 to 4bn in 2024 and global non-cash transactions will grow to nearly 1.1tn in 2023 from 708.5bn in 2019, according to the World Payments Report 2020... More
Indian banks to add transit ticketing to mobile banking apps
Bank customers in India will soon be able to book, pay for and receive railway e-tickets for use on their mobile device through their mobile banking app... More
Apple Pay to add support for QR mobile payments in iOS 14?
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 lets UK customers use its mobile banking app to make payments from accounts held at other banks
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
Android 11 to let users access cards and passes from the lock screen
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
Apple to add support for NFC car keys?
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
Visa CEO shares contactless, tokenization, transit and secure remote commerce adoption data
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
Google to sunset Payment Request API
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.”
India’s Icici Bank launches open banking portal
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 to tokenize open banking permissions
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.”
Google explains the benefits of its Biometric API
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 unveils next generation payments platform
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 to let merchants offer instant bank loans to online shoppers
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.”
