Samsung Pay, the tokenized mobile payment system introduced with the Samsung Galaxy S6, will first attempt to use NFC and then fall back to magnetic stripe emulation technology to offer widest compatibility with merchant terminals, MasterCard’s Matt Barr has told NFC World... More
Owners of Samsung’s new Galaxy S6 flagship phone will be able to make mobile payments at merchants equipped with both legacy magnetic stripe card terminals and those with contactless POS terminals, Samsung boss JK Shin has revealed... More
“Rampant” fraud levels being experienced by US card issuers that have signed up for Apple Pay need to be addressed with urgency, payments consultant Cherian Abraham has told NFC World, to avoid Apple, the individual banks and tokenized mobile payments as a whole suffering a reputational damage... More
Morgan Stanley customers in the US can now add their debit cards to Apple Pay... More
More than a million JPMorgan Chase cards have now been activated for use on Apple Pay since the mobile payment service launched last year, the bank has revealed, and 69% of the activated cards are credit cards... More
Apple Pay fraud levels are now “rampant” with every Apple Pay (AP) issuer having seen “significant” provisioning fraud, payments consultant Cherian Abraham claims in a detailed blog post... More
Google is in a new round of discussions with mobile network operators to get its Google Wallet payments service widely distributed on mobile devices, the Wall Street Journal reports, with incentives on offer believed to include paying carriers to feature Google Wallet prominently on their Android phones and, potentially, a share of advertising revenues... More
Samsung Electronics has announced it is to buy LoopPay, the startup that has developed a way for mobile payments to be made at standard magnetic stripe card terminals... More
“Apple Pay has hit bumps in China despite Apple’s efforts to make friends with Alibaba and UnionPay,” Caixin reports... More
Apple is in talks with some of Brazil’s largest banks including Bradesco, Itau and Banco do Brasil with a view to launching Apple Pay in the country in the near future, Epoca Negocios reports... More
Apple Pay will be available as a payment option for US Federal Government services from September, CEO Tim Cook has revealed during a White House Summit on cybersecurity and personal privacy... More
Starbucks has updated its iOS app to add support for Apple Pay, making it possible for users to reload their Starbucks cards using Apple’s mobile payments service.“There has been no word on whether Starbucks plans to implement NFC and support for in-store use of Apple Pay,” MacRumors says... More
“Certification work” with Apple was all that was needed to add 200,000 vending and other self-service machines supplied over the last five years to the list of Apple Pay acceptance points, USA Technologies (USAT) has told NFC World+... More
BBVA Compass cardholders in the US can now add their cards to Apple Pay as the bank has become the latest to join more than 60 banks in supporting the mobile payments service... More
Samsung is to require companies that manufacture accessories for the forthcoming Galaxy S6 mobile phone to include NFC-enabled authentication chips in their products, according to DDaily... More
JetBlue Airways is to become the first major US domestic carrier to accept Apple Pay for onboard purchases such as food and drink... More
Chip maker NXP will focus on the “significant” Chinese market for mobile wallets, the firm’s CEO has said, as the company revealed a 40% increase in sales for its emerging ID business in a fourth quarter earnings call... More
PARTNER NEWS: Fast growing mobile payments platform provider Mozido has made a US$2.5m investment in SimplyTapp, bringing the total amount raised in the host card emulation (HCE) specialist’s Series B financing round to US$10.1m... More
Apple has added more than a dozen new banks to its list of institutions that now support Apple Pay, bringing the total count to more than 60, 9to5mac reports... More
MasterCard is to incorporate tokenization technology into its MasterPass digital wallet in the near future, CEO Ajay Banga has told analysts during the payment network’s 2014 year end earnings call... More