Samsung cuts US support for MST transactions on new Galaxy phones
Owners of Samsung’s new Galaxy S21 smartphones in the USA will not be able to make payments using Samsung Pay’s magnetic secure transmission (MST) technology... More
Magnetic stripe
LG Pay goes live in the US with NFC and mag stripe mobile payments
LG has launched its LG Pay mobile payments service in the US, enabling owners of its G8 ThinQ smartphone to make payments via NFC in stores equipped with a contactless POS terminal — and in stores with a magnetic stripe terminal using Wireless Magnetic Communication (WMC)... More
Japanese bank to roll out payment cards with built-in display and keypad
GMO Aozora Net Bank Ltd and Dynamics Inc introduce Japan’s first battery-powered interactive debit and cash card — Dynamics — “A consumer enters a pass code, known only to the consumer, into the keypad on the face of the card. The correct pass code turns the card on so that it can be used in any swipe, tap, or insertion reader via a magnetic stripe, contact or contactless EMV chip. Entering the correct pass code also activates the card’s display to show the consumer’s payment card number.”
Black Friday figures show US consumers are moving to EMV but mobile payments usage remains low
Dip, swipe or tap? How consumers paid on Black Friday, by the numbers — Cayan — “Our study found EMV to be the most popular payment method: 73% of shoppers paid with their chip cards while 18% paid with magstripe… Only 1% of shoppers opted to pay with their phones, up from just 0.6% in 2016.”
NFC secure element shipments to grow 12% in 2017
Some 560m NFC secure elements will be shipped worldwide in 2017, representing a 12% increase from 2016, smart security industry association Eurosmart reveals. A total of 495m NFC secure elements were shipped in 2015, which increased by 1% in 2016 to reach 500m units. More
Dynamics CEO shares details on how LG Pay will work with magnetic stripe card terminals
The Wireless Magnetic Communication technology being used for LG’s mobile payment service will allow consumers to pay with their phones in more places without having to change any of the point of sale terminals or re-educate merchants, technology provider Dynamics’ CEO has told NFC World. More
Samsung Pay to launch in India with support from five Visa and Mastercard issuers — and Paytm
Samsung has begun inviting Galaxy phone owners in India to register for early access to Samsung Pay. Customers can opt to pre-register Axis Bank, HDFC Bank, ICICI Bank and Standard Chartered Bank debit or credit cards and SBI Cards credit cards today with support for American Express and Citibank to follow. Paytm’s market leading mobile wallet will also be supported by the service. More
In-store mobile payments take 0.6% Black Friday share
In-store mobile payments accounted for 0.6% of transactions made on Black Friday in the US, research released by payment technologies provider Cayan reveals... More
NFC mobile payment users tip more, says Square
Customers who pay using NFC mobile payments are more likely to leave a tip, according to a survey by mobile POS provider Square. 73% of customers tipped when using NFC mobile payments compared to 71% who tipped using EMV and 67% who paid using magnetic stripe cards at the point of sale. More
Samsung Pay launches in Australia
Samsung Pay has launched in Australia with support from American Express and Citibank. The service is available for those with compatible Samsung smartphones, with specific availability varying by local operator. More
US startup raises funds for multipurpose smart wallet
US startup Spendwallet is raising funds on Indiegogo for an electronic wallet device that can store up to 20 magnetic stripe cards and will let the owner make payments at the point of sale using the company’s self-developed Magnetic Flux Emulation (MFE) technology. 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
Coin launches cashback incentive
US connected device maker Coin is piloting a rewards program that gives users of its EMV-ready electronic magnetic stripe card cashback benefits at retail locations across the Bay Area... More
Barcelona introduces contactless and NFC mobile payments across public transport network
Citizens across Barcelona can now use contactless cards, NFC phones and devices such as smartwatches to access the city’s transportation network as well as rent a bicycle at the train station or pay motorway tolls. More
Poynt raises $28m for smart POS terminal
Poynt, the POS maker founded by former Google Wallet lead Osama Bedier, has raised US$28m in a Series B funding round and announced that it has gained PCI PTS, PCI DSS and EMV certification for its device... More
Kona white paper explores HCE and tokenization
‘The Evolution of Host Card Emulation and Tokenisation’, a 15-page white paper produced by South Korea-based smart card and mobile payment solution provider Kona International, is now available to download from the NFC World Knowledge Centre... More
PayPal to launch contactless reader in US
PayPal is to introduce its PayPal Here contactless card reader in the US on September 30, following its launch in the UK in August 2015... More
Ask the Expert: HCE pioneer Doug Yeager — See it now on NFC World
NFC World’s ‘Ask the Expert: HCE pioneer Doug Yeager’ webinar is now available to view online... More
PayAnywhere reader supports Apple Pay
Credit card processor North American Bancard has introduced a new version of its PayAnywhere mobile credit card reader, which accepts Apple Pay, contactless NFC payments and magnetic stripe credit cards... 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
