What's New in Payments

EU offers issuers extra time to implement strong customer authentication

Opinion of the European Banking Authority on the elements of strong customer authentication under PSD2 — European Banking Authority — “In order to avoid unintended negative consequences for some payment service users after 14 September 2019, CAs [national competent authorities] may decide to work with PSPs [payment service providers] and relevant stakeholders, including consumers and merchants, to provide limited additional time to allow issuers to migrate to authentication approaches that are compliant with SCA [strong customer authentication].”



NFC World

HonkMobile launches app-free Apple Pay NFC payments

woman tapping phone on sign

Parking payments specialist HonkMobile has unveiled a ‘virtual parking meter’ that uses Apple Pay’s new support for NFC tags to let iPhone users tap an NFC sticker to quickly make a payment via Apple Pay — without first needing to download an app or register for a service... More


What's New in Payments

Apple Card pilot expands to ‘thousands of retail workers’

Apple expands Goldman credit card test to thousands of retail workers — Bloomberg — “The Cupertino, California-based company this week launched an internal beta program for the Apple Card with its retail workers, according to people familiar with the initiative. The move marks the first major trial for the card, which has been used for several weeks by a far smaller set of Apple corporate and Goldman Sachs employees.”


What's New in Payments

China’s Expresspay Card moves into wearable payments

Exhibition stand with man in front

PARTNER NEWS: Expresspay Card, a joint venture between China UnionPay and Bank of China that offers China’s only open loop prepaid card, has partnered with Tappy Technologies and watch brand Saga Watch to offer cardholders a wearable payments option that will be accepted at any merchant equipped to accept China UnionPay contactless payments... More


What's New in Payments

Chinese retailers shutter unmanned stores as ‘novelty wears off’

China’s unmanned store boom ends as quickly as it began — Nikkei Asian Review — “Across China, shops once considered the future of retail have been shutting their doors for good… The Chinese IT companies that entered the market used technology to remove the need for workers but may have overlooked other parts of the equation.”




What's New in Payments

European mobile wallets adopt Alipay QR code format to boost payment interoperability

Map of western europe

Six European mobile wallet providers — Bluecode (Austria), ePassi (Finland), Momo Pocket (Spain), Pagaqui (Portugal), Pivo (Finland) and Vipps (Norway) — have adopted a QR code format from Chinese payment provider Alipay to ensure digital payment interoperability and improve the international reach of customers’ wallets as well as boosting sales, participants have told NFCW... More






NFC World

Apple Pay boss reveals US merchants’ plans to use NFC tags for payments and loyalty sign-up

Powerpoint screen

Dairy Queen, Bonobos, Panera Bread, Yogurtland, Jimmy John’s Gourmet Sandwiches, Dave & Buster’s, Caribou Coffee plus Bird and PayByPhone are all working on projects that use Apple’s Core NFC tag reading capabilities to make it easier for consumers to sign up for their services, Apple Pay boss Jennifer Bailey has revealed... More





What's New in Payments

Alipay to invest $448m promoting face recognition payments in stores

Alipay to spend US$448m plugging new face scanner — Yicai Global — “Dragonfly 2’s next-generation 3D cameras are more precise and have a wider angle, and since the device can handle payments under various lighting conditions merchants will not need to make any changes to their store lights… The scanner is priced at CNY1,999 (US$298.50), nearly 30% less than the previous version.”



NFC World

HBO commissions Game of Thrones sneakers with NFC tags

HBO Asia x SBTG Collab brings 4 ‘Game of Thrones’ sneakers to celebrate final season — Click The City — “Each pair of Game of Thrones x SBTG customized sneakers are embedded with near field communication (NFC) chips powered by VeChain, a public blockchain platform that allows any potential collector the ability to verify the authenticity of each pair through VeChainThor blockchain. The NFC chips also contain exclusive behind-the-scenes videos of each sneaker design which can be played and viewed by anyone using the VeChain mobile app.”