Coming in 2020: Calibra — Facebook — “Today we’re sharing plans for Calibra, a newly formed Facebook subsidiary whose goal is to provide financial services that will let people access and participate in the Libra network. The first product Calibra will introduce is a digital wallet for Libra, a new global currency powered by blockchain technology. The wallet will be available in Messenger, WhatsApp and as a standalone app — and we expect to launch in 2020.”
Links
Android Q to add face verification for payments?
Android Q Beta 4: ‘Face authentication’ appears in settings, reveals some features — 9to5Google — “With the added support for face authentication, users will have the option of requiring eyes open to unlock. They will be able to use it to sign-in to applications and use it for payments, as well, according to new strings in the Settings app.”
Survey finds consumers ‘reluctant to swap passwords for biometrics’
Consumers reluctant to swap passwords for biometrics for fear of identity fraud — Paysafe Group — “Over half of consumers (56%) are worried that the shift to biometrics to authenticate online payments will dramatically increase the amount of identity fraud, according to new research conducted by Paysafe… The research found that four fifths (81%) of consumers still favour passwords for making payments online due to concerns about the security of new biometric options.”
NFC Forum releases bidirectional IoT communication standard
NFC Forum enhances connectivity of IoT devices with new and updated specifications — NFC Forum — “Bidirectional communication with IoT devices means NFC-enabled smartphones can read the actual state from the IoT device (eg, the actual title of music played) and can change the configuration of the IoT device by write access (eg, to adjust the volume or to switch to the next audio file). It can be used, for example, to configure an audio system, digital camera, lightning system, smart meter or radiator valve. This protocol can also be used where P2P is not implemented, for example, on existing NFC readers that do not support P2P mode.”
ETA issues US mobile payments market status report
The state of mobile payments in 2019 — Electronic Transactions Association — “In 2018, 55 million people in the US used their smartphone to make a payment at a physical point of sale, whether by loading money into a closed-loop mobile app (like the Starbucks app) or by loading a credit or debit card into an open-loop mobile wallet (like Apple Pay, Google Pay, or Samsung Pay) and using it to pay at the point of sale. These 55 million users account for about 20% of the U.S. population aged 15 and over, and just over 25% of US smartphone users.”
TNS reports on consumer attitudes to wearable payments
TNS report shows alternative and cashless payments adoption at an inflection point with security a concern to wider usage — TNS — “44% of respondents are willing to make a payment using a wearable device like a ring or a bracelet; just under two-thirds (65%) expressed that security concerns would stop them from using a wearable device to make a payment; Australians are most concerned about security (68%) versus Americans (64%) and Britons (63%); more than half of male smartwatch owners have used it to make a payment.”
Japanese government to adopt iPhone NFC chip reading for citizen ID
iOS 13 NFC for Japanese Individual Number Cards — Ata Distance — “Individual Number Cards are supported by card readers that require a personal computer and additional software. NFC tag reading with a smartphone is much easier because it can work out of the box and an app. Android phones are supported but limited to select Aquos, Galaxy and Xperia smartphone models. iPhone NFC tag support in iOS 13 will considerably widen the user footprint.”
Transit operators report on plans for a cross-border transit ticketing platform for Europe
Developing cross-border ticketing in public transport networks — Intelligent Transport — “Based on the concept of account-based ticketing, nationally differing ticketing systems can be linked without the need to change existing national standards. Key to the success of this is letting different systems coexist, but while introducing an interoperable layer that can connect the different existing national systems.”
Uber eyes move into banking and payments business
Uber is making a fintech push with a New York hiring spree — CNBC — “There are many possible payment and lending innovations Uber could come up with: It has 93 million active users globally, most of whom use linked credit cards or fund a wallet called Uber Cash to pay for rides and food delivery… Creating a bank account has been discussed at a high level at Uber but may be years away, or the company could decide against it.”
College football fans to get NFC ticketing for access to games
Paciolan announces support for contactless tickets in Apple Wallet for college sports — Paciolan — “The first schools to offer contactless tickets for the fall 2019 football season include Baylor University, Louisiana State University, Michigan State University, University of Mississippi, Georgia Tech, and Rutgers University.”
Digital wallets to be used by half the world’s population by 2024
Half the world’s population to use digital wallets by 2024 — Juniper Research — “A new study from Juniper Research has found that the number of people using digital wallets will increase from 2.3bn this year to nearly 4bn, or 50% of the world’s population, by 2024. This in turn will push wallet transaction values up by more than 80% to more than $9tn per annum.”
MTA reports continued uptick in contactless card usage on New York subway
MTA: Latest Omny numbers ‘exceed even our most ambitious’ projections — Gothamist — “After sharing higher-than-forecasted numbers from Saturday (the first full day of service), the latest user numbers (which reflect numbers from Saturday through Wednesday) reveal that 38,987 people have used Omny at pilot locations… The MTA had expected weekly usage to be about 6,000-12,000 users on the subways and 800-1,500 on buses.”
Four in ten POS terminals now accept contactless payments
Have contactless cards become the tool of choice for low-value payments? — RBR — “At the end of 2017, there were 5.3bn contactless cards in circulation worldwide — this represents 35% of all cards, a share that RBR forecasts will increase to 57% by 2023… The number of eftpos terminals worldwide which allow contactless payments rose by 41% in 2017 to reach 40.9m.”
EPC reports on QR and Bluetooth mobile payments in Europe
White Paper: Non-NFC based Mobile Sepa Card Proximity Payments — European Payments Council — “The document aims to create awareness amongst the payments industry about the development of non-NFC based MCPP [Mobile Sepa Card Proximity Payments] solutions and to provide a common understanding of the MCPP landscape. This final version also reflects the outcome of a three-month public consultation that ended in February 2019.”
Ice hockey fans to use NFC ticketing at NHL stadiums
NHL takes ticketless path with Ticketmaster extension — SportsPro — “Going forward, NHL tickets will include near field communication (NFC) technology that allows fans to ‘tap’ into a venue entrance, and aims to protect against digital tickets being copied and resold… The deal comes after the NHL, which introduced mobile ticketing during its Stadium Series in 2018, experienced an 85% and 88% growth in the number of fans using mobile tickets during its 2018 and 2019 All-Star games, respectively.”
Android Q to let Google Pay users quickly switch between payment cards
Android Q Beta 4: Google Pay cards could live in power menu w/ ‘Cards & Passes’ — 9to5Google — “Cards will apparently appear as soon as the power button is long-pressed and users can then swipe through them, presumably to switch the card being used with NFC payments. Based on the description, this carousel will also be able to show things such as loyalty cards and tickets.”
MTA: 80% of Omny users paid with an NFC phone on launch weekend
More than 10,000 people tapped into MTA’s contactless payments this weekend — Crain’s New York Business — “The authority anticipated it would register between 6,000 and 12,000 tap-ins per week under the pilot for the system… About 6,100 people paid through Omny in the subway on Saturday and another 4,400 on Sunday. The MTA said about 80% of Omny payments last weekend came through phones.”
AmEx to convert all US cards to contactless
American Express says to NYC Subway riders: Don’t tap and pay without It — American Express — “Beginning in July, all newly issued and replacement US American Express consumer cards will be contactless. The contactless feature is now available on all US American Express consumer cards upon request through AmericanExpress.com, the Amex mobile app, or by phone.”
Bank of America to issue contactless cards in New York, Boston and San Francisco
BofA jumps on tap-to-pay bandwagon as NYC’s subway moves forward — Bloomberg — “The lender will send 4m contactless cards this month to customers in New York, Boston and San Francisco who have Visa debit or credit cards… It plans to measure usage in those markets before deciding on a broader rollout at the beginning of next year.”
UK banks to refund victims of push payments fraud
Scam victims to be refunded by banks — BBC — “Previously, banks only tended to reimburse people if there was an obvious fault in the way the payment was handled by the bank. Some £354m (US$446m) was lost in this fraud to individuals and businesses last year, but only £83m (US$105m) was refunded… Now anyone who has taken reasonable care, or has any element of vulnerability, is much more likely to receive a refund of the lost money.”