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
Mobile payments
Du backs Beam QR wallet
Mobile network operator Du has formed a partnership with mobile payment service Beam Wallet and Majid Al Futtaim Ventures to promote Beam’s QR code solution to retailers and petrol stations across Dubai... More
Apple Pay now live at more than 60 banks
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
PayPal curtails in-store ambitions
The team working on PayPal’s move into in-store payments has been among the hardest hit by layoffs across parent Ebay Inc’s three divisions, Re/code reports, adding that “PayPal’s in-store initiatives, which includes mobile payments and a credit card reader called PayPal Here, have largely been viewed as big disappointments inside the company”... More
Mobile biometrics market to be worth US$33.3bn a year
By 2020, smart mobile devices will include embedded biometric sensors as standard, according to research conducted by Acuity Market Intelligence, creating a US$33.3bn a year market for biometric products and services... More
NFC World to host free webinar on testing cloud-based mobile payments
Join NFC World and payments testing specialist Gerd Thys from Clear2Pay on Tuesday 24 February to gain an in-depth understanding of the new testing, quality and compliance challenges created by the arrival of HCE and tokenization — and how to address them... More
Visa Europe to invest in digital payments
Visa Europe is to invest more than €200m a year in new payments technologies to accelerate the growth of digital payments, the payments network has announced... More
One in three Millennials to use a mobile wallet in 2015
5% of US consumers currently use a mobile wallet and 18% intend to use one in the next year, credit scorer Fico’s “Millennial Banking Insights and Opportunity” survey has found, with the percentage rising to 32% among Millennials — defined as those born between 1980 and 1994... More
Visa CEO discusses Apple Pay and tokenization rollouts
“We continue to see good success with Apple Pay,” Visa CEO Charlie Scharf has told investors during the company’s first quarter earnings call... More
Join NFC World for a free workshop on tokenization
The next event in NFC World’s free educational webinar series will be held at 15:00 GMT on Tuesday 17 February when mobile payments expert David Worthington from Bell ID will explain how tokenization works and how it can help you better secure mobile payment services... More
One in four online transactions are now mobile
Over a quarter (25.8%) of the world’s online transactions now take place on a mobile device, up from 23.3% in the third quarter of 2014 and 37% up on the 18.8% recorded in the fourth quarter of 2013, Adyen’s quarterly Mobile Payments Index has revealed... More
Norwegian carriers pick Amdocs for mobile payments
Strex, the mobile payments joint venture between Norwegian carriers Telenor, TeliaSonera and Tele2, has selected software and services provider Amdocs’ Mobile Financial Services solution to “consolidate the operators’ multiple SMS-based payment systems into one” mobile wallet... More
Spanish airline lets customers tap to add contactless card to app
Passengers can now add a payment card to Spanish low-cost airline Vueling’s app and use it to pay for flights, just by tapping a contactless credit card to their NFC phone... More
Vinci Park introduces NFC car parking tickets
Drivers in the French city of Caen can now tap their NFC phone to terminals in Vinci Park car parks to retrieve a virtual parking ticket, with NFC payments due to be added in future... More
NFC pioneer Proxama cuts jobs ahead of trading update
UK-based mobile marketing and NFC pioneer Proxama has announced a round of redundancies at its Norwich headquarters with up to 21 people believed to be at risk of losing their jobs... More
Cachet adds prepaid cards to Apple Pay
Prepaid card issuers using Cachet Financial Solutions’ Select Mobile Money white label platform can now offer their customers a way to charge Apple Pay transactions to their prepaid account balance, the company has announced... More
Apple CEO says 2015 will be the “year of Apple Pay”
Apple Pay now accounts for more than two-thirds of Visa, MasterCard and American Express contactless payments by value across the US, Apple CEO Tim Cook has revealed during a first quarter earnings call... More
USAT adds support for Apple Pay
Cashless vending machine technology provider USA Technologies has announced a rollout of new acceptance points for Apple Pay across the US More
Starbucks increases mobile payments to 16% of total
Starbucks is now processing an average of seven million mobile payments a week, representing around 16% of all its transactions, CEO Howard Schultz has revealed during a first quarter earnings call in which he also provided an update on the Mobile Order and Pay service the coffee giant introduced in Portland, Oregon in December last year... More
Wirecard to offer white label HCE wristband
The HCE wristband unveiled by technology provider Wirecard earlier this month is to be offered on a white label basis, Joern Leogrande, the company’s EVP of mobile services, has told NFC World+... More