What's New in Payments

Mastercard to let Indian merchants accept payments on NFC phones

Mastercard to launch solution for smartphones to become contactless acceptance devices — The Hindu BusinessLine — “If your phone has NFC, then it can become a point-of-sale (POS) device. A customer can tap the contactless card on the phone,” said Vikas Saraogi, vice president of acceptance development at Mastercard, adding that it is likely to be launched in India in the first half of next year.”










NFC World

PCI SSC calls for comments on new standard for contactless payments on off-the-shelf NFC devices

Request for comments: Contactless payments on COTS standard — PCI Security Standards Council — “PCI SSC is developing a new standard for contactless payments on commercial off-the-shelf (COTS) devices, which is planned for publication by the end of 2019. As part of the development process, PCI SSC stakeholders are invited to review and provide feedback on the draft PCI Contactless Payments on COTS (CPoC) Standard during a 30-day request for comments (RFC) period.”


What's New in Payments

ING lets Turkish businesses accept Mastercard payments on NFC mobile phones

Turning smartphones into mobile points of sale — ING — “Turkish small business owners can now use their smartphones to securely accept payments from customers following a pilot by ING and Mastercard. The ‘Tap on Phone’ application allows business owners to use their Android smartphone, tablet or other smart devices as mobile points of sale (POS), replacing the traditional cash register or electronic POS terminal… Any Android-based smartphone or tablet can be transformed into a mobile POS with the ‘Tap on Phone’ app and an activated near-field communication.”


What's New in Payments

Huawei expands NFC mobile payments to Hong Kong

Huawei rolling out new products to enhance user stickiness — Hong Kong Economic Journal — “Huawei Pay, which was launched in Hong Kong on Monday, allows users to settle bills in more than 40,000 retail spots accepting the UnionPay contactless card payment… Earlier this year, Huawei Pay was launched outside China for the first time. In Russia, 66 banks are now supporting the technology. Both Huawei and Honor smartphones will carry the new service, which is compatible with 20 mobile devices, including several smartwatches.”


What's New in Payments

Maybank lets merchants accept contactless payments on their NFC phones

Maybank aims 10,000 device acceptance for Tap2Phone — The Star Online — “The payment solution enables small businesses to accept card payments from customers via the app on their mobile phones, without the need for a point-of-sale terminal… The Tap2Phone service accepts all contactless payments for transactions of RM250 [US$60.42] and below… Tap2Phone is supported by the latest Android-based smartphones equipped with near-field communication and trusted execution environment technologies.”









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