US supermarket giant Walmart has filed a lawsuit against Visa for “allegedly forcing the retailer to let customers use signatures when paying with their chip-based debit cards,” according to CNBC... More
Chip and pin
Mobile payments will overtake cards and cash by 2025, says UK retailer
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month. More
Tesco rolls out PayQwiq mobile payments to 524 stores
UK supermarket giant Tesco’s PayQwiq mobile payments service, which lets customers pay using an Android or Apple phone by snapping an image of a QR code located at each checkout, is now live in 524 of the retailer’s stores in London and Edinburgh... More
UK startup unveils smart card that will store multiple bank cards for contactless payments
London-based startup Curve has launched a physical payment card that will let consumers store an “unlimited number” of bank cards and make contactless payments at point-of-sale terminals wherever MasterCard cards are accepted. More
Payleven raises $10m for mPOS growth
European mobile point of sale specialist Payleven has closed a US$10m Series D funding round, bringing the total raised to date to $51m... More
Tencent launches WeChat mobile wallet in South Africa
Chinese ecommerce giant Tencent has launched a mobile wallet service in South Africa in partnership with Standard Bank. The service lets users of social messaging app WeChat make P2P transfers, pay for services such as airtime, data and electricity and make in-store payments by scanning QR codes at merchants supporting the SnapScan mobile payments platform. More
UK consumers favour mobile PINs for large transactions
Nearly nine in ten UK consumers (85%) would like to be notified on their mobile of high value transactions and authorise the payment with a PIN code, research from myPINpad shows... More
Payworks to enable chip and PIN for Stripe in UK
POS payment platform provider Payworks is to enable Stripe users to accept payments via chip and PIN card readers in the UK... More
UK contactless spending up 150% in last 12 months
The amount that UK consumers are spending using contactless has risen 150% in the last 12 months, with the number of transactions up 134%, research from Barclaycard has revealed. ... More
Coin unveils EMV-ready Coin 2.0 with NFC
Connected device maker Coin has released a new version of its electronic magnetic stripe card that is EMV-ready and incorporates NFC, allowing users to store credit and debit cards and make both contactless and swipe payment transactions for in-store purchases... More
PayPal launches contactless reader in UK
PayPal has launched the new version of its PayPal Here card reader, equipped with contactless, in the UK following its unveiling in March... More
Eight in 10 Americans aware of contactless payments
Some 82% of US consumers have heard of contactless or tap-and-go payments and 69% are now using chip cards or plan to use them soon, research from MasterCard reveals... More
Cab:app taxis to accept NFC mobile payments
More than 7,600 taxi drivers in 90 cities across the UK and Ireland can accept NFC mobile payments from passengers using the taxi-hailing app Cab:app through an mPOS gateway provided by Payworks... More
MCX member Target to support Apple Pay
US discount retail giant Target has become the latest member of retailer-led consortium MCX to reveal its intentions to support Apple Pay, following Best Buy’s announcement that it will roll out support for the NFC mobile payments service this year... More
iZettle adds support for NFC and contactless payments
Sweden-based mPOS provider iZettle has begun distributing a contactless-enabled terminal to select partners in the UK that will allow them to begin accepting NFC mobile payments, as well as contactless and chip and pin transactions... More
Chip and PIN faces slow take-up in US, says Forrester
EMV payments on plastic cards won’t achieve broad adoption in the US until 2020, Forrester Research predicts, due to the rise of “more secure” mobile and contactless payment alternatives... More
PayPal readies contactless reader
PayPal is preparing to launch a new version of its PayPal Here card reader that can handle transactions with contactless cards and NFC devices... More
Pey equips merchants with Bitcoin POS terminals that support iBeacon, QR and NFC
Fifty merchants in the German city of Hannover have signed up to accept Bitcoin payments using a terminal supplied by startup Pey, that uses a combination of iBeacon, QR code and NFC technology. More
Obama signs chip and pin law
US President Barack Obama has signed an executive order “directing the government to lead by example in securing transactions and sensitive data” by adding chip and PIN security to payment cards... More
Survey finds American cardholders are ready for EMV
Almost 70% of Americans believe that EMV chip technology makes their debit and credit card transactions more secure, with only 5% feeling chip cards make their transactions less secure, a new survey released by NXP Semiconductors has revealed... More