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Apple opts for NXP NFC chips for next iPhone

Tech giant Apple is working with global semiconductor manufacturer NXP to add secure short-range wireless technology into the next iPhone, enabling new pay-by-touch capabilities. The next release of the iPhone is due to take place on 9 September. NXP will provide the secure NFC chips that will allow an iPhone to connect with payment terminals or ticketing systems, as well… Continue reading >>

Apple’s digital wallet patent references ‘virtualised currencies’

With tech giant Apple positioning itself to enter the mobile payment space, interest has been piqued by a recent digital wallet patent application that has just been made public. The patent application reveals the back-end architecture for a versatile mobile ‘omni-wallet’, which also references ‘virtualised currencies’. The back-end patent application outlines a digital wallet system that can handle digital debit… Continue reading >>

Visa Checkout e-commerce solution at nearly 4m US online retailers

Visa has announced that its Visa Checkout e-commerce service is now available at nearly 4 million US online retailers. The Visa Checkout service incorporates a ‘Checkout’ button into retailer websites, both online and mobile. Large retailers such as Neiman Marcus, Pizza Hut, Staples and United Airlines have announced they would be using the service. Now, Visa has concluded several agreements… Continue reading >>

Ingenico and First Data launch mPOS in India

Ingenico Roam, part of Ingenico Mobile Solutions, has partnered with global payment processor First Data to launch an mPOS solution into the Indian market. Leveraging ROAM’s mobile solution and Ingenico’s global EMV expertise, First Data India has launched its own fully-branded chip and PIN mPOS solution. This new mPOS offering enables merchants in India to accept payments, incorporating ROAM’s RP750x… Continue reading >>

Square overhauls Cash app for text-based P2P payments

mPOS player Square has overhauled its Cash P2P payments app to enable users to send and receive funds via text. The latest version of Square Cash gives users the ability to send or request money from everyone in their address book using just their phone number, even if the recipient doesn’t have the app. Customers were already able to send… Continue reading >>

mPOS player Square launches merchant analytics tool

mPOS specialist Square has launched Square Analytics, a merchant analytics tool, as part of its Register service. Square Analytics derives actionable data from merchants in order to increase sales. Square Analytics integrates the full suite of Square Register products including Pickup, Invoices, and Appointments. Building on the sales data to which Square sellers already have access, the new mobile-optimised Square… Continue reading >>

Boston Fed provides update on mobile payments

The Mobile Payments Industry Workgroup of the Boston Federal Reserve has released the outcome of its May 2014 meeting on the state of the industry in the US and has found relatively little change in terms of consumer protection and regulation. According to Susan Pandy, director of payment strategies at the Boston Fed: “The discussions revealed that the focus of… Continue reading >>

VeriFone signs mobile money deal with Airtel Africa

VeriFone Mobile Money and Airtel Africa, part of the Bharti Airtel Group, are teaming up to offer VeriFone Mobile Money’s merchant enablement applications for mobile ‘Tap n Pay’ services across their 17 operating companies in Africa. VeriFone Mobile Money will implement a full suite of retail enablement applications integrated to VeriFone’s range of payment devices across the group, enabling the… Continue reading >>

M-Pesa transaction fees cut

M-Pesa, the African mobile money phenomenon, will see its transaction fees for low-value payments being significantly reduced as its owner, Vodafone subsidiary Safaricom, prepares to fight competition from rival services in Kenya. Kenya’s Equity Bank is preparing to launch a service boasting lower transaction fees than M-Pesa, charging a 1% fee capped at KES 0.25. M-Pesa doesn’t cap charges but… Continue reading >>

PayPal launches One Touch mobile check-out

PayPal has launched a new mobile ap product, One Touch, for merchants and app developers. One Touch has been built in conjunction with eBay unit Braintree, and is modeled on Braintree’s Venmo Touch product. Venmo offers a social app enabling users to quickly send money to each other, then cash out to a bank overnight. Venmo Touch was introduced as… Continue reading >>