Visa has announced that it has now issued more than 1bn tokens through its Visa Token Service (VTS) and there are now more than 8,200 issuers using the service in 150 markets around the world... More
Tokenization
Xiaomi picks NXP’s mWallet 2Go to add payments to Mi Smart Band 4
PARTNER NEWS: Xiaomi is to use NXP’s mWallet 2Go technology to let consumers across Europe make payments using its low-cost Mi Smart Band 4 wearable... More
Facebook picks Brazil for first commercial rollout of WhatsApp payments
WhatsApp users in Brazil can now make payments to local merchants and send money to friends and contacts “without leaving their chat”... More
Stocard picks Dejamobile to add payments to mobile loyalty app
PARTNER NEWS: European mobile loyalty wallet leader Stocard has added support for NFC payments to its app as it looks to evolve its digital wallet into an all-in-one payments, banking and shopping service... More
Mastercard, Thales and Tappy explain how watch and wearable brands can add support for payments
KNOWLEDGE CENTRE: The opening session of the Wearable Payment Summit 2020, NFCW’s first online conference, is now available to watch free of charge in our Knowledge Centre... More
Visa CEO shares contactless, tokenization, transit and secure remote commerce adoption data
Data on the latest adoption rates for contactless transactions, tokenization, transit payments and secure remote commerce has been made available by Visa CEO Al Kelly — along with details of the revenue model to be used by Plaid, which Visa is to acquire for $5.3bn... More
JPMorgan Chase to tokenize open banking permissions
JPMorgan Chase, Envestnet l Yodlee sign agreement to increase customers’ control of their data — JPMorgan Chase & Co — “Envestnet I Yodlee is committing to send 100% of its requests for Chase customer data through the bank’s secure API (application programming interface). This will ensure the apps can receive Chase customer data they need while customers control what’s shared with whom…. Because the secure API uses a token-based approach, customers will no longer need to give out their username and password.”
Mastercard partners with Tappy Technologies for wearable payments in Asia
PARTNER NEWS: Mastercard has announced a strategic partnership with Tappy Technologies that will see the two companies working together to let fashion brands easily add contactless payments to watches, jewellery and other accessories... More
PayPal and Venmo to move into in-store payments ‘next year’
PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios... More
Gautrain to let passengers use contactless bank cards to pay for trains, buses and car parking
Gautrain, the commuter rail service that connects the South African cities of Johannesburg and Pretoria, is to let passengers use their contactless bank cards to pay for their journeys by tapping on and off the service from 31 October... More
Visa finalises acquisition of Rambus’ payments and ticketing businesses
PARTNER NEWS: Visa has announced that it has now completed its acquisition from Rambus of the company’s payments and ticketing businesses — formerly known as Bell ID and Ecebs... More
Raiffeisen Bank picks Antelop for NFC payments and strong customer authentication
PARTNER NEWS: Raiffeisen Bank has launched an Android NFC mobile payments service in Romania and the Czech Republic that uses Antelop Solutions’ digital payments and tokenization platform... More
Google Pay reports 67m users in India
“In the last 12 months alone, we’ve grown more than three times to 67 million monthly active users, driving transactions worth over US$110bn on an annualised basis, with hundreds of thousands of offline and online merchants,” Caesar Sengupta, vice president of Google’s next billion users initiative, has revealed... More
Visa to acquire Rambus’ payments and ticketing business
PARTNER NEWS: Visa has announced it is to buy Rambus’ payments and ticketing businesses, to “expand enhanced security benefits of tokenization beyond Visa cards to any type of transaction, including domestic card networks, account-based and real-time payments systems.”... More
Dejamobile examines the strategic implications of tokenization
PARTNER NEWS: “For an issuer, selecting one or multiple TSPs [token service providers] to use for such and such service represents a strategic choice, which is not simply a combination of technical and financial criteria,” Dejamobile CEO Houssem Assadi explains in a new blog post... More
Rambus explains advantages of network tokenization
PARTNER NEWS: “Network tokenization is one of many technologies that online merchants are turning to in a bid to strike the right balance between high security and a frictionless buying experience,” Rambus’ André Stoorvogel explains in an in-depth blog post on the company’s website... More
Visa unveils next generation payments platform
Visa is inviting issuers and processors to explore a new payments platform designed to “turn the transaction on its head” and “unlock an entirely new world of possibility when it comes to accessing, accruing and saving money”... More
Russia’s Mir domestic payments system adds support for NFC payments
National Payment Card System (NSPK), operator of Russia’s Mir domestic payments network, has begun rolling out support for Android NFC mobile payments... More
MWC: Wearable Payment Summit slides now available to download
Presentations from the Wearable Payment Summit at MWC Barcelona 2019 are now available to download from the NFC World Knowledge Centre... More
Tappy launches token services platform that makes it easy for traditional watches to be turned into contactless payment devices
PARTNER NEWS: Tappy Technologies has launched a platform which enables traditional brands to turn their watches easily into secure, contactless payment devices... More