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Thales issues Visa Ready security certification for mobile payments

Thales has announces that its Information Technology Security Evaluation Facility (ITSEF), a long standing partner of Visa, is the first facility to have carried out the certification of the Antelop Payments HCE mobile payments application as per Visa’s latest security requirements. With Antelop HCE, card issuers can instantly bring contactless mobile payments to their customers , leveraging the existing NFC POS terminals…. Continue reading >>

Four in ten won’t need cash in ten years time

The latest research from Lloyds Bank on the future of payments shows many people believe they won’t need cash in the near future as they increasingly turn to cards, contactless payments and other new technologies. Over four in ten (43%) agree that contactless payments are the future, whilst a quarter (25%) think that in five years’ time they will no longer… Continue reading >>

India joins Better Than Cash Alliance

India has joined the UN-based Better Than Cash Alliance as it bids to accelerate the country’s migration to electronic payments as part of a more general strategy to boost financial inclusion. The Better Than Cash Alliance was set up in 2012 by a group of development organisations, foundations and private companies, including Citi and Visa, to lobby for a shift… Continue reading >>

UK spend limit on contactless cards lifted

UK consumers will now be able to spend up to £30 using contactless cards after the limit was increased. The limit per transaction for contactless cards, which do not require a PIN or a signature to authorise payment, was previously £20. The move follows a huge rise in the number of people using contactless cards in the UK. Transactions for the… Continue reading >>

CaixaBank launches the CaixaBank Pay mobile payment service

CaixaBank has launched ‘CaixaBank Pay’, a new app for any NFC-enabled or android devices. The bank estimates that the service could be used by more than 70% of its mobile banking customers. With the new payment app, customers can download their CaixaBank Visa cards to their mobile phones and use the phone like a contactless card for purchases at any retail… Continue reading >>

UK contactless card use skyrockets

Spending by British consumers on their contactless cards has increased more than five-fold in the last 12 months, according to MasterCard’s UK spending data. Cardholders have driven 560% year-on-year growth in the value of transactions, up from a 373% increase in the year to July 2014, showing that the adoption of contactless payments is continuing to accelerate. The UK ‘tap… Continue reading >>

CurrentC to delay launch

CurrentC, the mobile payment platform developed by MCX, will kick off a public beta test within the next few weeks in Ohio, but may not push its service across the US until 2016, MCX CEO Brian Mooney told Recode in an interview published Wednesday. MCX, which has been working on its mobile-payment platform for three years, had initially planned to… Continue reading >>

Android Pay launching this week

According to numerous press reports, Android Pay is set to launch this week, letting users of Google’s mobile operating system pay with their phones. The service is set to go live on August 26 in the US, according to a leaked message from McDonald’s. Google hasn’t yet indicated when it will launch Android Pay in the UK. Android Pay is Google’s… Continue reading >>

Advanced Payments – Which paths to success?

PCM in partnership with Edgar, Dunn & Co. and American Express unveil the findings of the latest Advanced Payments Survey. The annual Advanced Payments Survey, which this year has been produced by PCM in conjunction with American Express and written by consultancy Edgar, Dunn & Co. (EDC), has become one of the benchmark indicators of where the payment industry is… Continue reading >>

Increasing appetite for mobile contactless payments in Germany

Mobile contactless payments based mobile payments are gradually gaining prominence in Germany, with consumer preference for secure payment services also gaining ground, finds a new report by Timetric. According to the report, mobile penetration witnessed a healthy growth during the review period, rising from 128.3% in 2010 to 134.3% in 2014. One of the primary reasons for growth in smartphone… Continue reading >>