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Samsung to launch Apple Pay rival

Samsung is said to be discussing a deal with a payments start-up that would help the smartphone maker introduce a mobile payments system in 2015 to rival Apple Pay, multiple sources report. The technology would allow people with certain Samsung phones to pay in stores by waving their phones instead of swiping with a credit card or cash. It is not yet clear… Continue reading >>

Barclaycard deploys contactless gloves

Barclaycard is to trial gloves that allow people to pay for their shopping via contactless, following demand for a wearable payment item that makes paying quicker and easier when laden with shopping bags. In a survey by Barclaycard, which quizzed 2,000 people on their shopping behaviour, “gloves you could pay with” were voted the most popular wearable item consumers would… Continue reading >>

High value contactless payments arrive in the UK

A new service that lets NFC phone users enter their PIN on their mobile device to confirm a high value transaction is making it possible for UK consumers to make contactless payments valued at more than the current £20 (US$32) transaction limit for the first time. The new high value contactless service requires a software update to merchants’ contactless POS… Continue reading >>

Sixdots goes live with multiple banks in Belgium

9 banks representing 80% of the Belgian market can now make use of Sixdots, a mobile wallet service that uses a combination of QR codes and a 6-digit PIN to make P2P payments, in stores and online.   The service is available for both iOS and Android and has been introduced by BNP Paribas Fortis, KBC, ING, Belfius, Fintro, Record Bank, Bpost bank,… Continue reading >>

Contactless card payments to take off this Christmas

PaymentsCM (PCM) predicts that contactless card payments in the UK this Christmas will exceed £500 million with over 250,000 transactions in December. The increase in contactless users has had a steady and healthy growth, but PCM sees 2015 looking set for users and figures to accelerate. Alex Rolfe, Managing Director at PCM, commenting on the prediction said, “Contactless is on… Continue reading >>

1 in 10 iPhone owners use Apple Pay

A new report from InfoScout suggests Apple Pay is yet to gain widespread adoption among iPhone 6 owners due to poor consumer awareness of which stores accept the NFC payments technology and a lack of understanding of how the service works. According to a recent survey conducted by InfoScout, consumers who have used Apple Pay, however, compare it highly favourably… Continue reading >>

Global banks investment in payment technology as top priority

It has been revealed that payment technology is set to be a key area of focus for banks across the globe in 2015 – according to the Ovum ICT Enterprise Insights* program, based on interviews with 6,500 senior IT executives. The shift in payment technology modernisation, brought on by diversification and mobile channels in particular, is a truly global phenomenon. In most instances, less… Continue reading >>

Norway rollout NFC payment service Valyou

Norway is set to roll-out Valyou, its first mobile NFC payment service, which is a collaboration between the country’s leading mobile operator and two of its largest financial institutions, recognising the growing importance of NFC technology to both businesses and consumers. The Valyou NFC payment service, is a collaboration by Telenor, DNB and SpareBank 1. Telenor is Norway’s leading mobile… Continue reading >>

US retailers see surge in NFC payment

Retailers in the US are seeing an uplift in NFC payment transactions in the three weeks following the launch of Apple Pay, according to The New York Times. Grocery chain Whole Foods said it had processed more than 150,000 Apple Pay transactions, while Walgreens, the nationwide pharmacy, said mobile wallet payments had doubled since the arrival of Apple’s NFC-based payment service…. Continue reading >>

Research reveals banks’ attitudes to HCE

Global bank-led industry association, Mobey Forum, has published a white paper detailing the results of a survey that outlines the attitudes of its international membership toward the adoption of host card emulation (HCE). The survey reveals members’ appetites for third-party support with HCE solution development and ranks their key criteria for the selection of a technology partner. With close to… Continue reading >>