Following the launch of Android Pay, four new banks join the Android Pay family. From today, customers of Royal Bank of Scotland, NatWest, Ulster Bank and Santander are able to make contactless purchases in stores and apps via their Android smartphone once they download the app. TSB customers will also soon be able to add [...]
The post Four new UK banks added to Android Pay appeared first on Payments Cards & Mobile.
Monthly consumer adoption of mobile wallets (including those offered by merchants, card issuers, and the “Pays”) has nearly doubled in three years from 11% to 21%. However, monthly frequency of wallet purchases per person has declined from 3.7 transactions per month in 2013 to 3 transactions in 2015, a 20% decline in purchases per person. [...]
The post Apple Pay Vs Android Pay Vs Samsung Pay: How mobile wallets compare appeared first on Payments Cards & Mobile.
Moving beyond the now well document spat in Australia, a group of South Korean companies have taken take action against Apple to push the technology provider into opening up the NFC application within its iPhone handsets. Recently, Australian banks have teamed up to collectively negotiate with Apple to install their own electronic payments applications on [...]
The post Apple loses further ground in battle to open NFC app to 3rd parties appeared first on Payments Cards & Mobile.
Cash was used for less than half of all retail transactions across the UK in 2015 according to the BRC’s annual Payments Survey. The report looks at the methods of payment UK shoppers are using when buying goods in store and online, how this differs from previous years and the average cost to the retailer [...]
The post Cash no longer king in UK – contactless the king slayer appeared first on Payments Cards & Mobile.
The European Central Bank (ECB) has today published its European payments statistics for 2015 on non-cash payments, which comprise indicators on access to and use of payment services and terminals by the public, as well as volumes and values of transactions processed through payment systems. Statistics are published for each EU Member State, in addition to [...]
The post European payments statistics for 2015 appeared first on Payments Cards & Mobile.
The Mastercard Impact of Innovation study explores the attitudes to technology among 23,000 consumers in 23 different countries across Europe, Middle East and Africa. Although the UK is one of the most digitally mature markets in the world, the study shows that the British are ready for the next wave of innovation and want to [...]
The post The Impact of Innovation Study appeared first on Payments Cards & Mobile.
Once again, LG Electronics has been forced to delay the launch of LG Pay, its proprietary mobile wallet, until 2017. This is the second launch delay for the wallet, which was originally supposed to be introduced along with the new LG V20 phone that starts selling in South Korea at the end of the month. However, [...]
The post LG forced to delay LG Pay mobile payment launch again appeared first on Payments Cards & Mobile.
HCE Service has launched its SWIM (Software Wireless Identity Module) HCE mobile payments platform which provides a new and unique level of trust and security via the use of Public Key Infrastructure (PKI). Card Issuers across the world are launching their own branded HCE (host card emulation) enabled digital cards on mobile devices. Rapid mobile [...]
The post SWIM launches HCE via Public Key Infrastructure (PKI) appeared first on Payments Cards & Mobile.
A comparison of the UK and the Czech Republic illustrates that contactless cards can be a strong catalyst for growth in a variety of market conditions. The UK and the Czech Republic have the third and fifth-highest penetration of contactless cards in Europe, respectively, but have significant differences in terms of market size, penetration of [...]
The post Contactless cards: A comparative view between two markets appeared first on Payments Cards & Mobile.
Vodafone and PayPal have agreed to allow UK customers to make contactless mobile wallet payments in shops, restaurants and on transport services with their Android smartphones, funded from their PayPal accounts. Customers can link their PayPal account to Vodafone Pay to purchase goods and services at more than 400,000 places across the UK that accept [...]
The post Vodafone and PayPal partner for contactless mobile wallet payments appeared first on Payments Cards & Mobile.
Financial intermediation and payment systems have always been the preserve of the banking sector, but advancement in technology or digital disruption is giving a lot of palpitations to bankers. Anthony Jenkins, the former CEO of Barclays, aptly remarked that banks are facing an “Uber moment” which is a phase of rapid development in financial technology [...]
The post Digital disruption and financial inclusion: Is banking facing an ‘Uber’ moment? appeared first on Payments Cards & Mobile.
According to Visa’s 2016 Digital Payments Study, the number of consumers regularly using a mobile device – smartphone, tablet or wearable – to make mobile payments has tripled in the past year. Currently, 54% of consumers surveyed regularly use a mobile device to make payments for a range of activities, compared to just 18% who [...]
The post Mobile payments soar as Europeans embrace new ways to pay appeared first on Payments Cards & Mobile.
Aite Group, has released a whitepaper tracing the growth and uptake of digital wallet services across mobile and e-commerce sector. The whitepaper encapsulates the contribution of digital wallets in growth of commerce and elaborates on the evolution of mobile wallets. Moreover, the study also highlights strategies adopted by various mobile wallet participants such as banks, [...]
The post The evolution of digital wallets and mobile payments appeared first on Payments Cards & Mobile.
A new White Paper reveals the rapid acceleration of mobile connectivity is dramatically changing consumer behaviors and engagement patterns in the payments market. Today, just six years after the first mobile banking apps appeared, financial consumers fully expect anytime-anywhere access to services and the ability to transact when, where and how it is most convenient [...]
The post Empowering the omni-channel through choice in the payments market appeared first on Payments Cards & Mobile.
Australia’s banks have argued in their joint response against Apple Pay to the Australian Competition and Consumer Commission (ACCC) that Apple’s arguments against collective negotiation on accessing Apple Pay due to security concerns are “unconvincing” and “superficial”. The Commonwealth Bank of Australia, National Australia Bank, Westpac Bank, and Bendigo and Adelaide Bank have been seeking [...]
The post Apple Pay arguments against Oz banks ‘superficial and unconvincing’ appeared first on Payments Cards & Mobile.
Orange is broadening the range of functionalities available to the teenage demograph via Orange’s mobile wallet app ‘Orange Cash’ in France. The mobile payment solution has been extended to the new ‘Orange Cash Jeune’ offer, which is aimed at young users. The new feature enables the use of mobile payment for teenage kids up to [...]
The post Orange Cash enable mobile payments for teenage demograph appeared first on Payments Cards & Mobile.
Issuing banks can now manage tokenization activity for the ‘OEM Pay’ mobile wallets through a single software platform, simplifying and consolidating integration with the multiple token service providers (TSPs) operated by third parties. In response to the increasing complexity and fragmentation of the NFC mobile wallets ecosystem, Rambus Bell ID has launched Token Gateway. “Managing [...]
The post Tokenization management made simple for Banks offering mobile wallets appeared first on Payments Cards & Mobile.
Mastercard says it has reached agreements with Microsoft, Google and Samsung to bring online payments capabilities to US-based users of their digital wallets via Masterpass. Starting early next year, Mastercard cardholders that use Microsoft Wallet, Android Pay or Samsung Pay will be able to shop online at the hundreds of thousands of merchants around the [...]
The post Microsoft Wallet, Android Pay and Samsung Pay enabled via Masterpass appeared first on Payments Cards & Mobile.
Half of banking customers across the globe are using the products or services of at least one FinTech firm[1], according to the first World FinTech Report (WFTR) from Capgemini and LinkedIn, in collaboration with Efma. The inaugural report quantifies and tracks customer response to the rise of FinTechs, includes the views of financial services industry [...]
The post Half of global banking customers now using FinTech – World FinTech Report appeared first on Payments Cards & Mobile.
Contactless card fraud has made headlines this year. In this post we take a look at some of the key myths and offer explanation to the realities. No. 1 myth: Data theft with long-range RFID readers This myth says that fraudsters would be able to use long-range RFID readers to extract data from contactless cards [...]
The post Contactless card fraud: Myths and Realities exposed appeared first on Payments Cards & Mobile.
