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OpenWay launch WAY4 Host Card Emulation

OpenWay has developed WAY4 Host Card Emulation software  – supporting cloud technology specified by Visa and providing value-added financial services for customer attraction and engagement via mobile. WAY4 Host Card Emulation allows banks to issue virtual cards on a phone instantly. In this way a bank can make an existing card NFC-enabled on a smartphone, issue a mobile copy of a… Continue reading >>

Apple Pay nails US contactless payments

As Apple CEO Tim Cook announced record breaking profits, he understatedly reported that “Apple Pay has got off to a “strong start” since the contactless payment service launched last autumn”. What Mr. Cook meant to say is that Apple Pay makes up more than $2 out of every $3 spent on all purchases using contactless payment across the three major US card… Continue reading >>

UK reports digital payments acceleration

Total spending on Visa cards in the UK has surpassed £600 billion for the first time reports Visa Europe. The results provide strong evidence of the UK’s transition to a digital payments economy and a sign of the most exciting period for payments since the invention of the debit card. Annual point-of-sale spend on Visa cards in the UK grew 9.2%… Continue reading >>

Google to buy Softcard?

It has emerged over the weekend that Google is leading talks to acquire Softcard, the troubled mobile payments company that is being eyed by a number of potential suitors, said people familiar with the matter. The search engine giant is interested in buying the small payments group controlled by a consortium of US telecom companies for about $100m, according to one person… Continue reading >>

Google ceases sales of Google Glasses

In what has been a very short lived love affair, Google has stopped selling its Google Glasses product. Loved by few and lambasted by many the internet giant is shutting down the Explorer programme which was driving adoption of the Glass product and halting sales of the controversial specs while it focuses on unspecified “future version of Glass”. Beloved of geeks… Continue reading >>

Have US telcos pulled out of Softcard?

Amid rumours that owners AT&T Mobility, T-Mobile USA and Verizon Wireless had decided to stop funding the NFC payments outfit little more than a year after its launch, Softcard, the mobile payments venture owned by America’s leading telcos, is slashing jobs in a cost-cutting exercise but insists that it is not shutting up shop. However, the company has confirmed that… Continue reading >>

Wearable technology research reveals consumer attitudes on payments

Stratos has announced results from its Stratos Wearables Payment study. The consumer survey found that almost one out of three (30%) of US smartphone owners already own a wearable device. The most popular wearable type was a wristband like Fitbit or Jawbone while the least popular were smart glasses like Google Glass and smart clips. Those who owned a wearable, said… Continue reading >>

UK consumers embrace contactless and mobile payments

A survey from payments and loyalty specialists Logic Group has found that UK consumers are embracing new technologies such as contactless and mobile payments. According to the survey, Christmas 2015 will be the year of “tap and pay” versus “click and collect”, a trend which will be helped by the likely increase in the contactless payment limit to £30 from… Continue reading >>

Switzerland gets first contactless debit card

Pan-European payment solution provider SIX Payment Services has teamed with Hypothekarbank Lenzburg to launch the first contactless debit card in Switzerland. In partnership with SIX, Hypothekarbank Lenzburg has replaced its entire portfolio of 22,000 debit cards with new dual-interface Visa V PAY cards that enables both contactless and regular transactions. SIX is supporting the Hypothekarbank Lenzburg with a package that… Continue reading >>

Polish banks and Visa to launch cloud-based mobile payments

Nine Polish banks have confirmed plans to commercially launch Visa cloud-based mobile contactless payment services from early next year, re-enforcing Poland’s reputation as a hotbed for innovation in digital payment services. Banking providers ING Bank Śląski, mBank, Bank Millennium, Raiffeisen Polbank, eurobank, Getin Bank, Bank Polskiej Spółdzielczości and Bank SMART will join Bank Zachodni WBK in rolling out services utilising… Continue reading >>