Public-private sector digital currency experiment releases results of phase II — Payments Canada — “The Bank of Canada, along with Payments Canada, R3 and seven commercial banks, today disclosed the results of phase II of Project Jasper, an experimental wholesale interbank payment system, using digital ledger technology (DLT)… The results show that, despite progress made, underpinning an entire wholesale payments system with DLT still faces many hurdles.”
Report
Report: 70% of financial cards have chip
Report: 70% of financial cards have chip — International Card Manufacturers Association — “Chip cards represented 88.6% of revenue for cards globally manufactured in 2016… SIM cards make up the largest dollar market at $6.53 billion and the third largest unit market at 5.4 billion cards. Financial cards make up the second largest unit market and dollar market at 5.5 billion cards and $5.1 billion.”
CSOB: Why HCE was the right choice for a mobile wallet that goes beyond payments
Open communication and the right education for customers is key to the successful deployment of a host card emulation (HCE) based mobile payment service in a country where new banks — with their simple products and new communication style — are becoming more attractive to the younger generation, says Czech bank CSOB’s innovation manager. More
Goode reports on growth of biometric authentication
Revenues for mobile and wearable biometric authentication will exceed US$6.2bn by 2022, Goode Intelligence predicts... More
Nordea launches PSD2-inspired Open Banking portal
Nordic bank Nordea has launched the first version of its Open Banking/Open API portal, offering third-party developers the chance to collaborate with the bank as part of the requirements laid out by the European Payment Services Directive (PSD2)... More
Wristbands for contactless payments given away at MWC
Giesecke & Devrient (G&D) and Spain’s CaixaBank have distributed prepaid wristbands to visitors to Mobile World Congress in Barcelona which let them make contactless payments... More
Pizza Hut unveils pizza-ordering shoes
Pizza Hut has unveiled a pair of shoes with a button that lets wearers order pizza and get it delivered... More
PayPal reports 50% rise in mobile payments
A third of all transactions processed by PayPal are now conducted using a mobile device, PayPal COO Bill Ready has revealed, with the company processing more than US$31bn in mobile payments in the fourth quarter of 2016 — up 53% from the same period in 2015... More
More than 500m people now have a mobile money account
Over half a billion mobile money accounts have been registered in 92 countries, with 1.3bn transactions processed in December 2016 alone, research from GSMA reveals... More
Visa reports EMV uptake in the US
There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported... More
Walmart Pay completes nationwide rollout
US supermarket giant Walmart has completed its nationwide rollout of Walmart Pay, making the service available in more than 4,600 stores across the country. The retailer has also recorded a 45% increase in Walmart Pay transactions in the last week. More
ACI reports on mobile payments usage by Indian millennials
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals... More
Apple Pay advertising increases contactless payments at self-service machines
Cashless vending machine technology provider USA Technologies (USAT) has seen an 89% increase in revenue through contactless purchases at self-service machines running on its ePort Interactive platform as a result of digital advertising highlighting Apple Pay availability at the point of sale. More
Android Pay comes out on top in US survey
Android Pay tops the list of the most popular mobile payment services used by US consumers with 19% saying they have made an in-store payment via the service, research from Walker Sands reveals. More
China sees rapid growth in proximity mobile payments
The number of Chinese consumers making in-store mobile payments more than doubled last year and almost half of all smartphone users in the country will be making proximity mobile payments by 2020, according to research released by eMarketer... More
UOB reports strong uptake of Apple Pay in Singapore
Singapore bank UOB expects that NFC mobile payments will account for 10% of all its card transactions by 2020 on the back of “swift adoption of Apple Pay”, according to The Business Times... More
GlobalPlatform reports on secure element shipments
A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed... More
Contactless on the increase in Canada
The value of contactless payments made by Canadian consumers increased by around C$30bn (US$22.8bn) in 2015, on the back of more than 1.2bn transactions, Technology Strategies International reveals... More
Gemalto explores seven myths about mobile NFC
PARTNER NEWS: Digital security giant Gemalto has published a list of the seven most common myths about mobile NFC which explores the reasons why some consumers may not be prepared to use the technology on their mobile device... More
Visa Europe records contactless growth across the continent
Some 3bn contactless transactions were made across Europe on Visa cards and payment-enabled devices in the year to 30 April 2016, growing from 143m transactions a month in April 2015 to 360m in April 2016... More