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Samsung unveils Galaxy S6 and Samsung Pay

Samsung has launched its latest flagship devices at Mobile World Congress, with its Galaxy S6 joined by Galaxy S6 edge – a smartphone with a curved display on both sides. While remaining the dominant player in the Android space, Samsung did not have an easy ride in 2014 – something the company acknowledged in a statement. “By listening to our customers,… Continue reading >>

Proxama and Aconite team on mobile proximity commerce

Proxama has unveiled details of its new end-to-end mobile proximity marketing and payments proposition following the acquisition of Aconite Technology last year. Proxama’s new Digital Payments Division will be led by the team from Aconite as the combination of the two companies brings a true end-to-end model to the payments market for the first time. It will enable card issuers and… Continue reading >>

Google preparing Android Pay API

Google is rumoured to be launching a payments API that will enable third party developers to embed in-store and in-app payments within their apps, according to press reports. Citing a source, Ars Technica says that Android Pay will be unveiled at the Google I/O conference in May. The feature will take advantage of the Host Card Emulation (HCE) technology adopted by… Continue reading >>

FIME and Thales team on Host Card Emulation

FIME and leading player in cybersecurity, Thales have announced the launch of a joint offering for the host card emulation (HCE) mobile services market. The partners have combined expertise to provide near field communication (NFC) service providers and issuing banks with a complete three-phase portfolio of functional and security consultancy and testing services. From project initiation, FIME combines its established… Continue reading >>

Visa Europe launches payment tokenisation and expands P2P payments capabilities

Visa Europe has announced its plan to launch a payment tokenisation service customized for the needs of the European market. Tokenisation technology will be at the heart of new mobile payment solutions and has been hailed as one of the best data protection and fraud prevention methods available.  The new service will be available for financial institutions from mid-April 2015…. Continue reading >>

Google attempts to revive Google Wallet in new telco deal

Google is said to be reviving its Google Wallet after seeing how popular Apple Pay has been, according to The Wall Street Journal. To do so, Google is apparently in the early stages of a deal to take ownership of the carrier-owned Softcard as part of this Lazarus act for its mobile payment system. Previously, carriers in the United States were reticent to… Continue reading >>

Merchants deploying NFC terminals in greater numbers globally

According to a new Berg Insight reporter global merchants the world over are deploying more NFC terminals at the point of sale and activating the NFC capability. Berg Insight estimates global shipments of NFC-enabled POS terminals in 2014 increased 33% year over year for approximately 9.5 million in total, bringing the installed base to 21.4 million units. Three-quarters of the… Continue reading >>

Google retires Bebapay card in Kenya

Google is to close its Bebapay prepaid card in the Kenya market in order to shift its focus onto the payments space. Bebapay was launched in 2013 as a prepaid card for contactless transit fares, but the service will be discontinued in March 2014. Google partnered with Kenya’s Equity Bank to launch the scheme, which has over 100,000 cardholders. The… Continue reading >>

Contactless cards have paved way for mobile payments

Spending on contactless cards more than trebled over the last year to reach a record £2.32 billion in 2014, with the total spend last year more than double that of all the previous six years combined. UK consumers used their contactless cards 319.2 million times last year, according to data from the UK Cards Association, with ten contactless transactions apparently taking place every second – according to Essential… Continue reading >>

Contactless will open the door to mobile – MasterCard

With figures from MasterCard showing that contactless transactions in Europe grew by 174% year on year in the last quarter of 2014, the payment network is predicting that the surge in contactless usage is paving the way for the mass adoption of mobile payments. Overall, European consumers increased their contactless usage by more than 20% during the last quarter of… Continue reading >>