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Smart card IC shipments to reach 12.7 billion in 2019

Shipments of smart card integrated circuits (ICs) are projected to increase from 9.6 billion in 2014 to 10.4 billion in 2015 and to 12.7 billion in 2019, according to research from IHS Technology. The key end-user sectors that will drive growth over the next five years include payment and banking, e-government and healthcare, subscriber identity modules (SIM) and transportation. In… Continue reading >>

MasterCard and Samsung extend Samsung Pay in Europe

MasterCard and Samsung Electronics have announced they are extending their global partnership leveraging the MasterCard Digital Enablement Service (MDES) to deliver the mobile payment service Samsung Pay in Europe. Samsung Pay will enable consumers to use their Samsung flagship mobile devices to make every day in-store purchases at contactless and magnetic stripe terminals leveraging NFC and MST technologies. European card… Continue reading >>

Global NFC handset sales drive payments cool factor

As the world mourns the loss of a former king of the handset manufacturing world and Microsoft licks its wounds in writing down about $7.6 billion on the Nokia division, there is reason for optimism and excitement elsewhere in the handset manufacturing industry and this spells excellent news for the payments industry. The good news is based around three small… Continue reading >>

HKT launches NFC mobile payments

HKT Payment, a subsidiary of  Hong Kong Telecommunications (HKT) has launched a SIM-based NFC mobile payments service to let customers pay at more than 3 million locations worldwide which accept MasterCard PayPass, using funds stored in their Tap & Go mobile wallet account. In addition to in-store payments, the service lets users make P2P transfers by tapping their devices together through its… Continue reading >>

A quarter of Brits plan to make a mobile payment in the next 12 months

Following the launch of Apple Pay in the UK last week, new MasterCard figures show that the British public are willing to embrace mobile payments despite some hesitation. 1 in 4 British consumers (25%) said that they expect to make a contactless payment with their mobile in the next year.  Furthermore, in terms of how they will use their devices,… Continue reading >>

Thieves target contactless payment cards

Consumer group Which? has warned that data from contactless debit and credit cards is at risk of being intercepted by thieves. All 10 credit and debit cards tested revealed some data, with some giving up enough information to allow the team to place orders for expensive items. The equipment used to carry out the interceptions was “easily and cheaply” obtained… Continue reading >>

UK businesses losing out if they do not have contactless

As usage of contactless cards has trebled, just under half of consumers (47%) expect, or would prefer, businesses to offer contactless payment for low-value transactions, according to new research from Lloyds Bank Cardnet. Despite its relative recent introduction, over a tenth (12%) of consumers state that they do not think enough retailers offer contactless and just under a tenth (9%)… Continue reading >>

Innovation in payments initiatives

A global study of over 300 banking and financial services executives shows that, for the first time, innovation is ranked as important as regulation. The research also reveals that mobile first has now become mainstream, while innovative disruptive technologies such as block-chain will potentially become a very attractive alternative to traditional payment methods, transforming payment processing and acting as significant… Continue reading >>

Samsung Pay trial launches in Korea

Samsung has announced the launch of its new mobile payments platform trial in Korea. The Samsung Pay month-long trial is in preparation for a global roll out to more regions. The company announced on the Samsung official blog that owners of the Galaxy S6 and Galaxy S6 edge are the first to be able to use Samsung Pay. The company boasts that… Continue reading >>

The debit card goes mobile in Austria

PSA Payment Services Austria launched a new mobile debit card. The popular and familiar form of payment is now available for NFC-enabled mobile phones to make contactless, mobile and secure payments. The mobile debit card is supported by all major Austrian wireless service providers: A1, T- Mobile and Drei Austria. To kick off the new service PSA conducted a field test… Continue reading >>