What's New in Payments

Uber moves into financial services with new Uber Money division

Uber announces deeper push into financial services with Uber Money — CNBC — “The company announced on Monday the formation of a new division called Uber Money to house its efforts, which include a digital wallet and upgraded debit and credit cards. The emphasis, at first, will be expanding Uber’s efforts to give its four million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride. Uber could one day offer a bank account to consumers on its platform, according to Uber Money head Peter Hazlehurst.”








Transit Ticketing Today

Tencent reports 100 million transit ticketing mini-app users

100 million transit riders are paying with WeChat mini-program: Tencent — Caixin Global — “Ride Code allows subway and bus riders to pay for transit fares with QR codes directly upon boarding in various Chinese cities. At subway stations, that means showing your barcode at the turnstile. Riders do not need to visit ticket kiosks as the fare is deducted from their WeChat Pay wallet.”


What's New in Payments

NAB lets merchants accept Visa contactless payments on standard Android smartphones

Your smartphone will soon double as an Eftpos terminal as Quest partners with NAB and Visa — Quest — “Quest Payment Systems (Quest), in conjunction with NAB and Visa, has launched a trial which allows merchants to accept card payments using their Android smartphone. Customers simply tap the merchant’s phone with a contactless card or mobile wallet. No additional payment terminal hardware or dongle is required, allowing small businesses to start accepting payments quickly using their existing mobile device.”



What's New in Payments

Singtel expands mobile wallet alliance to Japan

Singtel’s Via mobile payment alliance debuts in Japan — Singtel — “Singtel’s Via, Asia’s first cross-border mobile payment alliance, has launched in Japan… The alliance which currently counts Singtel’s Dash and AIS Global Pay among its member mobile wallets enables tourists from Singapore and Thailand to shop and dine across Japan using QR code payments in their local currency at competitive exchange rates.


What's New in Payments

Saudi Arabia combines NFC, QR and faster payments to speed move to cashless society

ziad-al-yousef

Saudi Payments, Saudi Arabia’s national payments infrastructure operator, is to use a combination of NFC and contactless payments, a new faster payments system and the introduction of a common QR code platform to reduce the use of cash and speed up its move towards a cashless society, managing director Ziad Al Yousef has told NFCW... More


What's New in Payments

East reports on Apple Pay fraud in Europe

East publishes European fraud update — European Association for Secure Transactions — “Two countries reported mobile wallet fraud in relation to Apple Pay. One reported that mobile wallets are fast becoming the new money mules — fraudsters are enrolling cards that are not yet associated with a specific wallet. Another country reported that fraudsters are obtaining security codes through phishing, with which they can then install a mobile banking app on their own smartphone, using the victim’s data.”


What's New in Payments

LG to launch ThinQ mobile wallet in the US?

LG applies for ‘ThinQ Wallet’ crypto wallet trademark in the US — Coin Telegraph — “According to the filing documents, the trademark is for services concerning transaction and settlement services, mobile banking, ‘issuance of cyber money’, and ‘payment application software for mobile phones’ among others. ThinQ is a brand first used for a smart refrigerator introduced by the company in 2011 at a consumer electronics show. Since then, multiple smartphones have been launched under the ThinQ brand.”


What's New in Payments

NTT Docomo celebrates 15th anniversary of world’s first mobile payment service

NTT Docomo celebrates Osaifu Keitai 15th anniversary — Ata Distance — “It all started today, July 1, 2004, when NTT Docomo launched the iMode FeliCa mobile wallet, called Osaifu Keitai in Japanese… To celebrate the anniversary Docomo has lined up a bunch of point campaigns for all the Osaifu Keitai payment networks: Mobile Suica, iD, QuicPay, Waon, Nanaco, Edy.”



NFC World

Phoenix Suns to provide basketball fans with mobile payments and NFC ticketing at Talking Stick Resort Arena

Basketball players jumping for ball

Arizona-based National Basketball Association (NBA) team the Phoenix Suns are to offer fans access to mobile payments and NFC ticketing from within their mobile app, via a partnership with Ticketmaster, that will see the team move to mobile-only ticketing at its Talking Stick Resort Arena from the start of the 2019/20 season in October... More


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