Shoppers in Switzerland can now make in-store mobile payments using Paymit, the P2P transfer service established by the country’s financial infrastructure operator SIX and telecommunications provider Swisscom... More
Consumers in New York, Miami, Chicago and Los Angeles can now make P2P cash withdrawals using a PIN code sent to their mobile phone at ATMs equipped with technology from Pin4 and ATM network operator Payment Alliance International... More
PARTNER NEWS: Customers using banking apps powered by Mahindra Comviva’s Mobiquity Wallet will soon be able to withdraw cash and top up their mobile wallets at the ATM using either host card emulation (HCE) based NFC or by scanning a QR code, allowing them to save time by preparing transactions on their phone before they get to the cash machine... More
Millions of dollars in withdrawals and “hundreds of thousands” of transactions have now been made via Cardless Cash, the ATM functionality launched by banking and payment technologies provider FIS in January 2015 to let customers withdraw cash using their smartphone... More
More than four in ten New Zealanders (41%) would consider using NFC mobile payments today and 44% believe mobile payments will be the next thing to take off, followed by biometrics/facial recognition/fingerprints (21%) and wearable technology (18%), research from MasterCard reveals... More
Customers of Australia’s ANZ bank can now make host card emulation (HCE) based mobile payments “with the broadest range of cards on offer” using a new ANZ Mobile Pay service. More
LG has developed an electronic ‘LG Pay White Card’ that will let users register multiple credit cards onto a single piece of plastic for in-store payments and ATM withdrawals... More
JPMorgan Chase is to roll out ATMs that will let customers withdraw cash using their mobile phone... More
ATM manufacturer Diebold has demonstrated a mobile-enabled self-checkout concept that would let shoppers use their mobile device to scan items they want to buy while shopping in-store before checking out at a self-service POS terminal with NFC. More
Some 417bn cashless payments were made in 60 countries worldwide in 2014, according to research from RBR... More
Customers of US banks Wells Fargo and Bank of America will soon be able to withdraw cash and complete transactions at the ATM using their smartphone... More
More than one million consumers have downloaded BBVA’s host card emulation (HCE) mobile wallet since it launched in June 2014... More
“Nobody wants to become a bank any more and we don’t want to become a bank,” Apple CEO Tim Cook has told the University Philosophical Society at Trinity College, Dublin during a visit this week, Ireland’s Independent newspaper reports... More
Some 8% of UK millennials see mobile payments becoming their primary payment method over the next decade, compared with 80% choosing cards and 11% saying cash, research from Compass Plus shows... More
Citi has begun testing a screenless, cardless ATM concept developed by Diebold that lets customers make transactions using their mobile device instead of a plastic card and authenticate themselves using NFC, QR or an iris scan... More
More than a quarter of UK consumers (27%) think they will be making payments using wearable devices including watches and wristbands within 10 years, 22% think they will be regularly using their fingerprint to make those payments and 7% think they will use a microchip embedded in their body, research from Lloyds Bank reveals... More
The amount British consumers have spent using their contactless cards has increased 560% in the last 12 months, research from MasterCard has revealed — a more than sixfold year-on-year growth and up from a 373% increase in the year to July 2014... More
More than one in 10 (11%) of UK consumers have made an in-store mobile payment and 18% are interested in doing so, research from nVest Ventures reveals... More
Merchants in India accepting electronic payments could be offered a tax rebate, a government proposal suggests... More
Almost one in six US consumers (15%) have used a mobile wallet in the past six months, up from 9% in the same period in 2013, and an additional 22% are likely to adopt mobile wallet functionality in the coming six months, a study released by market research and consulting firm Chadwick Martin Bailey has found... More