Drivers of Hyundai’s Genesis GV70 SUV will be able to make in-car payments for fuel and parking simply by touching a biometric sensor integrated with the vehicle’s infotainment system... More
Payments
McKinsey and EBA identify threats to European banks’ payments revenues
The central role traditionally played by banks in the European payments ecosystem “may be coming under challenge” as some specialist payments providers reach double-digit growth rates in payment revenues, according to a report jointly published by the Euro Banking Association and McKinsey & Company... More
Payconiq rolls out cross-border QR mobile payments service in Europe
Users of Payconiq-supported mobile payment apps in Belgium, the Netherlands and Luxembourg can now make QR-enabled mobile payments and P2P transfers across all three Benelux countries... More
SBI Card integrates NFC payments into mobile app
SBI Card Mastercard holders in India can now make NFC payments at any contactless point-of-sale terminal from their mobile device after registering their credit card on the latest version of the payment service’s app... More
Japanese airline turns to mobile payments to boost revenues during Covid-19
Frequent flyers with All Nippon Airways (ANA) will soon be able to make in-store purchases and accumulate air miles by using a QR code-enabled mobile payments service that the Japanese airline is to launch “amid shrinking travel demand due to the coronavirus outbreak,” Japan Today reports... More
Ford lets commercial vehicle drivers process payments from their connected vehicle app
Food and beverage suppliers, mobile florists, couriers and other small business owners in Germany, France, Italy, Spain and the UK can now use their FordPass Pro connected vehicle app to accept card payments from their customers... More
Central Bank of Iceland rolls out instant payments platform
The Central Bank of Iceland (CBI) has implemented a new real-time gross settlement system (RTGS) and instant payment platform that will allow it to manage up to 5m interbank, P2P, P2B and B2B payments a day... More
Tyne and Wear Metro launches mobile ticketing on Android phones
Passengers on the Metro light railway network in Tyne and Wear in the north-east of England can now buy and store electronic tickets on their Android smartphone without needing a physical ticket or a smart transit card... More
OP Financial to pilot biometric payment card in Finland
Finland’s OP Financial Group is to pilot a biometric payment card that will allow users to authenticate payments over the contactless transaction limit with their fingerprint rather than with a PIN... More
Maltese buses add contactless fare payments on busy routes
Bus passengers in Malta can now make on-board contactless payments for their fares on more of the island’s busier routes as Malta Public Transport moves towards implementing a fully integrated contactless system on all services in 2021... More
Nordic countries record surge in contactless payments during pandemic
The proportion of in-store purchases made using contactless cards in the Nordic countries has risen from 57% in January this year to 75% in late October, an increase “in part driven by concerns around the potential spread of Covid-19,” regional payments processor Nets reports... More
Google Pay to launch mobile-first bank accounts in the USA in 2021
Consumers in the USA will be able to open mobile-first checking and saving accounts with 11 banks and credit unions from within Google Pay from 2021, Google has revealed in a blog post that also announces the launch of a redesigned version of the Google Pay app for both Android and iOS... More
American Express adds instant digital card provisioning for Apple Pay
American Express cardholders in the USA can now add their card to their Apple Pay wallet via the card network’s website as soon as their application has been approved, removing the need to wait for a physical card to arrive or to manually input their card details... More
US credit union pilots dynamic CVV codes on mobile devices
Members of Michigan State University Federal Credit Union (MSUFCU) in the USA are to take part in a three-month pilot scheme to test the use of dynamic CVV codes when making online or in-app purchases with their credit card... More
Huawei Pay goes live in Malaysia
Malaysian consumers with compatible Huawei smartphones can now use Huawei Pay to make NFC mobile payments with an ICBC UnionPay credit card stored in their mobile wallet... More
Survey finds 7 in 10 Swedish consumers are interested in having a biometric payment card
Some 70% of Swedish consumers would be interested in having a biometric payment card so they can make high-value transactions without having to touch a point-of-sale (POS) terminal, a new survey reveals — and 59% would be willing to pay a monthly fee for one... More
Google Pay expands to 10 extra countries in Europe
Google Pay has gone live in Austria, Bulgaria, Estonia, Greece, Hungary, Latvia, Lithuania, Netherlands, Portugal and Romania with support for Mastercard and Visa cards issued by participating banks and card issuers... More
RBR: 100m merchants worldwide to accept card payments by end 2025
The number of outlets worldwide accepting card payments will reach nearly 100m by the end of 2025, an increase driven by government initiatives to promote cashless payments and by an acceleration in the move to contactless payments during the Covid-19 pandemic, research from RBR predicts... More
TfL to integrate Oyster and contactless fare payment systems
Transport for London (TfL) is planning to integrate the back office systems for its Oyster transit card and contactless fare payment services as well as replace validation readers across its entire transport network from 2025... More
JCB reports 30% rise in contactless payments volumes
The number of contactless transactions made by some 140 million JCB cardholders across 24 markets increased by more than 30% between July 2019 and July this year, the Tokyo-based payments network reports in a new white paper... More