What's New in Payments

Apple Pay doubles transaction volumes in twelve months

Apple financial results — Q3 2019 — Apple — “Apple Pay is now completing nearly 1bn transactions per month, more than twice the volume of a year ago… Based on June quarter performance, Apple Pay is now adding more new users than PayPal and monthly transaction volume is growing 4x as fast… We plan to begin the rollout of Apple Card in August.”


What's New in Payments

Co-op extends mobile self-checkout trial to 30 UK supermarkets

Co-op Group expands till-less payment tech to more stores — Co-op Group — “The retailer is extending its pay-in-aisle technology trial, with time-pressed shoppers able to access the easy to use app on their phones and devices in over 30 Co-op food stores… It enables customers to scan products on their own device as they walk around the store, with the cost of the shop deducted from their Apple or Google Pay account with the touch of a button. Without the need to visit a till.”


What's New in Payments

Saudi Arabia combines NFC, QR and faster payments to speed move to cashless society

ziad-al-yousef

Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More


What's New in Payments

East reports on Apple Pay fraud in Europe

East publishes European fraud update — European Association for Secure Transactions — “Two countries reported mobile wallet fraud in relation to Apple Pay. One reported that mobile wallets are fast becoming the new money mules — fraudsters are enrolling cards that are not yet associated with a specific wallet. Another country reported that fraudsters are obtaining security codes through phishing, with which they can then install a mobile banking app on their own smartphone, using the victim’s data.”


Transit Ticketing Today

Miami-Dade to roll out open loop ticketing in August?

Apple Pay coming to Miami fare system in August — Appleosophy — “Miami-Dade County’s fare system for their transit is set to begin accepting Apple Pay and other forms of contactless payment systems, such as Google Pay and Samsung Pay. According to an image found on Reddit, it would appear as though the Miami-Dade County transit system is set to begin accepting Apple Pay in August 2019.”


What's New in Payments

Apple Pay offers free fries at McDonald’s

Latest Apple Pay promotion offers free fries at McDonald’s all month — 9to5Mac — “Apple today has kicked off its latest Apple Pay promotion. This time, users can secure a free order of french fries from McDonald’s when using Apple Pay all month long… Apple has been offering Apple Pay discounts through various retailers, services, and restaurants on a near-weekly basis recently. Recent offers have included US$1 tacos through Taco Bell, US$5 off select Fandango movie ticket purchases, and more.”


What's New in Payments

Domino’s pilots cashless stores in Australia

Domino’s Is starting to ditch cash payments — Gizmodo Australia — “The pizza maker is calling it ‘Tap & Take’ and is positioning it as a way to make the ordering process both quicker and more convenient… Domino’s has stated that the participating stores will accept ‘all forms of payment’, except for cash. This includes card payments, PayPal, Apple Pay, Android Pay, EFTPOS to door and Instagift.”


What's New in Payments

Societe Generale lets cardholders add personalized bank cards to Apple Pay

Societe Generale brings personalized credit and debit cards to Apple Pay — Societe Generale — “Societe Generale offers over 180 personalised physical cards, but this marks the first time customers will see the exact same card as they have in their wallet in Apple Pay. ‘With Apple Pay’s personalisation mirroring our cards’ personalisation, we are demonstrating continuity between our digital and our physical products,’ said Julien Claudon, head of card and digital payment.”



What's New in Payments

Apple Pay to go live in Greece, Portugal and Slovakia this week

Apple Pay rolls out to Greece, Portugal, Slovakia on Wednesday — Apple Insider — “Following the expansion of Apple Pay into the Netherlands on 11 June, reports indicate banks in three more countries in Europe are adding support to Apple Pay at the same time in the coming week. Believed to take place on June 26, the launches will occur covering Slovakia with multiple banks, as well as Greece and Portugal.”



NFC World

HonkMobile launches app-free Apple Pay NFC payments

woman tapping phone on sign

Parking payments specialist HonkMobile has unveiled a ‘virtual parking meter’ that uses Apple Pay’s new support for NFC tags to let iPhone users tap an NFC sticker to quickly make a payment via Apple Pay — without first needing to download an app or register for a service... More


What's New in Payments

ETA issues US mobile payments market status report

The state of mobile payments in 2019 — Electronic Transactions Association — “In 2018, 55 million people in the US used their smartphone to make a payment at a physical point of sale, whether by loading money into a closed-loop mobile app (like the Starbucks app) or by loading a credit or debit card into an open-loop mobile wallet (like Apple Pay, Google Pay, or Samsung Pay) and using it to pay at the point of sale. These 55 million users account for about 20% of the U.S. population aged 15 and over, and just over 25% of US smartphone users.”



What's New in Payments

Banks balk at Apple Card business

A Goldman Sachs rival pulled out of the Apple Card deal on fears it will be a money loser — CNBC — “‘Dude, if that portfolio ever makes money, I’m buying you a beer,’ an employee at the card department of a big bank texted a Goldman staffer… Citigroup was in advanced negotiations with Apple for the card but pulled out amid doubts that it could earn an acceptable profit on the partnership, according to people with knowledge of the talks… Goldman is ‘thrilled’ to be partnering with Apple, according to Andrew Williams, a spokesman for the New York-based bank.”


What's New in Payments

Monese teases Apple Pay launches in 13 European countries

Apple Pay will soon launch in 16 more countries, including Bulgaria and Croatia — MacRumors — “Mobile banking service Monese has revealed that Apple Pay is also coming soon to its cardholders in Bulgaria, Croatia, Cyprus, Estonia, Greece, Lithuania, Liechtenstein, Latvia, Malta, Portugal, Romania, Slovakia, and Slovenia… Apple Pay is also nearing launch in the Netherlands, Hungary, and Luxembourg for a total of 16 upcoming countries.”


What's New in Payments

National Australia Bank goes live with Apple Pay

Australian ‘big four’ bank NAB adopts Apple Pay, Westpac lone holdout — AppleInsider — “National Australia Bank (NAB) on Monday announced immediate support for Apple Pay, becoming the third of Australia’s ‘big four’ banks to integrate with Apple’s payments platform after a failed boycott… With NAB on board, Westpac becomes the last of Australia’s ‘big four’ banks to resist Apple Pay.”


What's New in Payments

Apple Pay goes live in Luxembourg and Hungary

Apple Pay launches in Hungary and Luxembourg — MacRumors — “In Luxembourg, BGL BNP Paribas is currently the sole bank supporting Apple’s digital wallet, while OTP Bank is supporting Apple Pay in Hungary… The expansion within Europe follows the launch of Apple Pay in Iceland earlier this month. Elsewhere, regional banks in The Netherlands and Portugal have teased that Apple’s contactless payment system is ‘coming soon’.”