Payment networks China UnionPay and Visa have signed a memorandum of understanding (MOU) in Shanghai to collaborate on “providing cardholders with more convenient, secure and highly efficient payment services” with a focus on security, innovation and financial inclusion... More
Technology
Pin4 rolls out mobile ATM withdrawals in the US
Consumers in New York, Miami, Chicago and Los Angeles can now make P2P cash withdrawals using a PIN code sent to their mobile phone at ATMs equipped with technology from Pin4 and ATM network operator Payment Alliance International... More
Connected car can find parking, reserve it and pay with a fingerprint
Car manufacturer Seat, Samsung Electronics and software giant SAP have created a technological alliance to develop connected car projects that could enable drivers to reserve car parking spaces and pay with a fingerprint using Samsung Pay. The companies are showing their ideas at Mobile World Congress this week. More
Mobile payments face “substantial hurdles” in 2016, says Atlanta Fed
Limited merchant acceptance points, fragmentation and consumer concerns over security and privacy will remain “substantial hurdles” to mobile payments at the physical point of sale in 2016, according to analysts at the Federal Reserve Bank of Atlanta... More
NXP launches improved NFC connected tags and reader chips
PARTNER NEWS: NXP has unveiled two new NFC products — an improved “connected tag” range designed to add intelligent tap-and-go connectivity to just about any electronic device and the PN7462 family of single chip NFC reader solutions that combine a microprocessor with USB, contact and contactless interfaces... More
Morpho and Visa work on biometric authentication
ID specialist Morpho is working with Visa to explore payment concepts using new security technologies including biometric recognition... More
MasterCard to launch ‘selfie pay’ in the US, Canada and Europe this summer
Consumers across the US, Canada and parts of Europe will soon be able to authenticate their online transactions with their fingerprint or face using MasterCard’s ‘selfie pay’ system. The confirmed launch of the service — expected this summer — follows a successful pilot in the Netherlands. More
ARM includes AMS NFC payments booster in wearables reference design
PARTNER NEWS: A new reference design for wearables from processor designer ARM includes high-performance NFC technology from AMS that enables small-footprint devices with tiny antennas to couple with NFC readers as easily and reliably as a contactless card... More
G&D connects its issuers to MDES for tokenization
PARTNER NEWS: Giesecke & Devrient (G&D) has integrated its Convego CloudPay solution with the MasterCard Digital Enablement Service (MDES) to enable issuers to work directly with G&D to implement tokenization for their host card emulation (HCE) based wallets... More
Canada’s Interac debit network launches tokenization service
Canadian debit network Interac has unveiled its own token generation and management service that will enable financial institutions, merchants and its partners to build and manage secure digital payment experiences with support for tokenized digital debit transactions on any device or mobile wallet... More
NXP and Qualcomm deepen collaboration to include pre-validation for NFC transit services
PARTNER NEWS: NFC pioneer NXP and mobile processor maker Qualcomm have extended a collaboration which saw NXP’s NFC and embedded secure element (eSE) solutions built into reference designs for Qualcomm Snapdragon 800, 600, 400 and 200 processor based platforms to now also include pre-validation for NFC-based transit services, particularly those in China. More
Mondaine to add NFC payments to a range of luxury watches
Swiss luxury watchmaker Mondaine is to add NFC payment capability to a variety of its watches, starting with its Mondaine Helvetica No1 smartwatch, that will let wearers make payments with a tap of their wrist at any contactless enabled terminal. More
Google selects Oberthur to deploy Android Pay internationally
Google has chosen Oberthur Technologies (OT) to support the international deployment of Android Pay, with an initial launch in Australia scheduled this year... More
Apple releases update to fix Error 53
Apple has released an update to iOS 9 that will restore devices left disabled by Error 53... More
Yes Bank customers get sound-based mobile payments
Customers of India’s Yes Bank can now make mobile payments using sound-based technology from Ultracash Technologies... More
US transit association to collaborate with NFC Forum
The American Public Transportation Association (APTA) is to work with the NFC Forum to “jointly educate the industry on near field communication (NFC) technologies supporting the needs of public transportation operators”... More
Visa Europe adds support for cloud-based credentials to tokenization service
Visa Europe has expanded its tokenization service to include support for services where payment credentials are stored in the cloud — such as banks’ own mobile payment apps, wearables and other connected devices — as well as for internet browser-based wallets, retailer-specific checkout offerings like Visa Checkout and card on file payment options... More
Meet NFC World’s partners at Mobile World Congress
NFC World partners Giesecke & Devrient, Bell ID, Mahindra Comviva, NXP, Carta Worldwide, Gemalto and AMS will be exhibiting at Mobile World Congress in Barcelona from 22-25 February. Here’s what you can expect to see from these industry leaders and where you can find them during the show. More
US banks get on board for mobile at the ATM
Millions of dollars in withdrawals and “hundreds of thousands” of transactions have now been made via Cardless Cash, the ATM functionality launched by banking and payment technologies provider FIS in January 2015 to let customers withdraw cash using their smartphone... More
Axis Bank customers to get NFC wearables
India’s Axis Bank has partnered with fitness technology provider GOQii to develop a wearable device that will allow its customers to make contactless payments... More