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EE extends contactless payment to London Underground

As reported in PCM yesterday, Transport for London (TfL) has extended contactless payment support to the full Oyster network and operator EE has expanded its mobile micropayment service accordingly. Cash on Tap – EE’s NFC-based contactless payment system that uses a prepay account to make payments up to £20 – was first launched on London’s buses a month ago. Now, with TfL… Continue reading >>

How to secure HCE applications

E-security solutions provider, Cryptomathic, has published its latest white paper, which offers advice to banks and payment service providers on how to protect mobile banking, payment and (Host Card Emulation) HCE applications against security attacks. The paper, titled: ‘Protect HCE Mobile Applications ’ highlights the benefits that HCE brings to the market through simplifying and speeding up the deployment of… Continue reading >>

TfL goes contactless in London

In the wake of Transport for London (TfL) going fully contactless across its travel network, Visa predicts Brits will make 500 million contactless payments between now and December 2015. Transport for London customers can now use their contactless cards to pay for journeys on all Tube, tram, DLR, London Overground and National Rail services that accept Oyster. These services join… Continue reading >>

Mobile operators scrap Weve

As history repeats its self, Weve, owned by EE, O2 and Vodafone, has ditched plans for a joint mobile wallet, based on NFC, which was meant to help the operators enter the £14.2 billion payment market. In June 2005, Simpay, a different joint venture between the big telcos also relating to payment services collapsed after T-Mobile could not agree to… Continue reading >>

Apple Pay to work with China UnionPay

Apple may work with China’s leading issuer of credit cards China UnionPay to offer Apple Pay via NFC (Near Field Communication) supported payment systems with its latest smartphone, the iPhone 6. The NFC system could challenge the dominance of the QR code popular among Chinese third-party payment services. The newly announced Apple Pay allows iPhone 6, iPhone 6 Plus and Apple Watch… Continue reading >>

Citi claims first blood for US digital wallet launch

Citigroup has claimed to be the first global bank to introduce its own branded digital wallet in the US. However, questions are being asked as to how many of Citi’s millions of payment card holders will care as digital wallet services proliferate. The new Citi Wallet is based on MasterCard’s MasterPass platform, which the network introduced in February 2013. At… Continue reading >>

UK contactless payments hit new highs

Worldpay has hit more than 100 million contactless payments, marking a major milestone for UK businesses as increasing numbers of consumers continue to reject cash in favour of cards. With organisations such as Transport for London going cashless and the much- anticipated iPhone 6 enabling contactless payments, consumer confidence in Near Field Communications (NFC) technology is rapidly increasing. Worldpay data… Continue reading >>

Apple Pay explained

A nice, neat explanation of the salient points of Apple Pay: User: iTunes account with Visa or MasterCard or Amex card on file and issued by the most popular banks, American Express, Bank of America, Capital One Bank, Chase, Citi and Wells Fargo at availability with additional banks coming quickly thereafter including Barclaycard, Navy Federal Credit Union, PNC Bank, USAA… Continue reading >>

Has Apple underwhelmed with Apple Pay?

The concept of mobile payments, mobile money, and mobile wallets has been around for some time and many major companies have had a go at it. Some progress has been made but with so many stakeholders needing to collaborate in order to provide a coherent, comprehensive useful mobile wallet ecosystem, a strong catalyst has been lacking – is the launch… Continue reading >>

Vodafone launches mobile payments with Visa in UK

Vodafone, in partnership with Visa, is developing a new mobile payments system that will allow users to complete contactless payment via NFC enabled SIM cards. Vodafone and Visa have previously partnered on similar services in Italy, Spain, the Netherlands and Germany. Vodafone is planning a consumer launch of the service in early 2015, but will likely be beaten to the… Continue reading >>