Wirecard’s boon mobile payment tech looking Fitbit
Teams with wearables brand to offer contactless payments using Fitbit Pay.
Contactless
OCBC Bank Singapore’s first in instant digital card issuing
Within minutes of applying for an OCBC Bank card, you could be using it via Apple Pay.
Infographic: the world of alternative payments
Money Guru has analysed the trends and how tech leads in finance.
PayTech Awards 2018: meet the judges
The event is taking place on 13 July in London.
Revolut’s a disposable raver for virtual cards
UK start-up plans to combat fraud with disposable virtual cards.
Mind trials contactless donation terminals with Santander
Mental health charity using terminals in ten shops in UK.
Church of England converts congregations to cashless
Payments heaven is a place on Earth… or at least in England.
bPay teams with seven brands to launch contactless payment watches
Contactless watches for every taste.
BlueOrange Bank deploys Latvia’s first contactless card ATMs
The ATMs are provided by Diebold Nixdorf and installed by BS/2 Latvia.
Riyad Bank launches Saudi Arabia’s first contactless payment wristband
Riyad Bank has teamed up with Gemalto for Saudi Arabia’s first range of contactless payment wristbands.
Mobeewave to power payments for Samsung
Mobeewave to offer an in-person contactless payment acceptance solution on Samsung devices.
Bankwest launches Australia’s first payments ring, Bankwest Halo
“Just grab the things you need, fist-bump the terminal and go.”
Payments: contactless charitable cases
Charities large and small are waking up to the need to embrace contactless payments. Banking Technology looks at the drivers, challenges and opportunities.
Banking Technology December 2017/January 2018 issue out now
In the eye of the storm we provide clarity.
Erste Austria chooses G+D Mobile Security for mobile payments
Erste Bank und Sparkassen with its “George Go” app has become Austria’s first mobile payment wallet based on host card emulation (HCE) technology, powered by G+D Mobile Security’s Convego CloudPay solution.
Wirecard provides paytech to Orange Bank
France’s latest mobile bank, Orange Bank, is getting its mobile payment and banking services underpinned by Wirecard. The paytech vendor says it is providing “all the technical components integrated into the Orange Bank platform to manage their mobile payments”.
Top fintech stories this week – 3 November 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
NYC public transport set to go contactless
New York to roll out a contactless fares system across its public transport network, based on the system developed by Transport for London (TfL).
Wells Fargo launches mobile “tap and pay” functionality at 5,000 ATMs
More than 5,000 ATMs of Wells Fargo (40% of its ATM network) now have near-field communication (NFC) enabled mobile wallet capability – i.e. the bank’s debit card customers can now “tap and pay”.
Timex and Barclaycard collaborate to create contactless payment watch
Timex and Barclaycard have partnered in true style to produce a new range of contactless payment watches. The Fairfield Contactless promises to be a perfect fusion of style and smart functionality. Coming in at a retail price of £159, it’s all about the leather bPay embedded strap, which brings wearable technology to the wrist. bPay […]
Factors in the Long Wait for EMV and Contactless in the U.S.
As some celebrate 10 years of contactless payments, Bastian Knoppers discusses why cards (not mobile wallets) are still king outside the U.S. and what it will take for the U.S. to catch up to the rest of the world on tap-and-go payments.
Mastercard pumps up payments with Fitbit’s first smartwatch
Mastercard is bringing its contactless payments to Fitbit’s first smartwatch, Fitbit Ionic.
Juniper predicts major global shift to contactless on heels of US EMV push
A new study from Juniper Research is forecasting that more than half (53%) of global transactions at the point of sale will be contactless within five years, compared with just 15% this year, reports Banking Technology‘s sister publication Paybefore. The new research, “POS & mPOS Terminals: Vendor Strategies, Positioning & Market Forecasts 2017-2022,” expects adoption in the US […]
FitPay and Mastercard take prepaid to wearables and IoT
FitPay Inc, a US-based provider of payment, credential management and authentication platform services, is planning to offer prepaid capabilities on wearable and other devices connected to its FitPay Payment Platform.
Mastercard Makes Digital Payments Push in Asia-Pacific Transit
Mastercard is making headway in advancing digital payments for transit passengers in Australia and bike-sharing consumers in Singapore.
Danes gain easier mobile way to pay for groceries
Dankort, the national debit card of Denmark, has made shopping easier for consumers using iPhones.
Contactless Fraud Scare? Not So Fast.
Breathless reports point to a terrifying increase in U.K. contactless fraud. Dig a little deeper, however, and the story changes.
British judge calls contactless cards “quite ludicrous”
A UK judge has taken a swipe at contactless card payments because they make life too easy for criminals. According to the BBC, Exeter Crown Court recorder David Bartlett says it is “quite ludicrous that the banks have allowed this to happen”, after hearing how a card was used by a thief to buy goods […]
Contactless payments ramp up in 2017
Following the announcement WhatsApp will enter into the mobile payments arena, new estimates from Juniper Research claims Apple Pay contactless users will nearly double over 2017.
Deutsche Bank launches new mobile payment app
Deutsche Bank has launched a new mobile payment app for Android devices.
Samsung’s Newest Payments Push Aims to Bring Contactless to the Masses
Hoping to bring “digital cash to everyone,” Samsung has introduced a chip platform that can enable contactless payments in watches, wristbands, key fobs and perhaps even clothing.
Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments
Mastercard and the Land Transport Authority (LTA) in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system.
Mastercard, Transport Authority Test Contactless Cards While Eying Mobile Payments
Mastercard and the Land Transport Authority (LTA) in Singapore have teamed up to launch a pilot program enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system. Although the tap-and-go pilot hasn’t begun yet, the next step of enabling consumers to use mobile wallets and wearables already is in the works.
Mogo’s New Prepaid Product Taps into Growing Canadian Market
Mogo, a Canada-based fintech firm, has launched what it describes as the country’s first prepaid digital spending account managed through a mobile app. The debut of the Mogo Spending Account and the Mogo Platinum Prepaid Visa comes amid robust growth in prepaid transactions in Canada.
Barclaycard strikes new payments deal with TfL
Barclaycard has retained its contract to provide payment solutions to Transport for London (TfL) in the UK for another seven years, with an option to extend for a further three years. TfL and Barclaycard have worked together for two decades, and the former is expanding its network. We assume that Barclaycard didn’t go on strike […]
One in four UK card payments now contactless
According to the UK Cards Association, a trade body for the country’s card payments industry, a quarter of all card transactions are now made via contactless in the UK. 325 million purchases, altogether worth £2.9 billion, were made using contactless debit and credit cards in November 2016.
MDM Bank launches single-tap mobile payments; OpenWay provides tech
One of Russia’s major banking players, MDM Bank, has rolled out a single-tap Mastercard Contactless mobile payments option. The service is underpinned by the WAY4 Host Card Emulation (HCE) technology from OpenWay. MDM Bank’s customers can now pay from their Mastercard account with no need to enter a password or PIN code or even activate […]
Android Pay now in the UK; Australia and Singapore are next
Android Pay is now available in the UK, and more countries are on the way. Banking Technology first reported on this initiative in March this year. UK consumers can now pay for goods and services with their Android smartphones. Retailers like Boots, Waitrose and Starbucks are already onboard, and so is Transport for London (underground, […]
Consumer payments: the contactless landscape
Nick Kerigan, managing director of future payments at Barclaycard, lends his expert view on the changing consumer payment landscape and maps the journey to contactless card payments and beyond. Kerigan leads the team that looks at payment and competitor intelligence, and is responsible for driving innovation across Barclaycard. Last year was a milestone in UK […]
Smartphones? Credit cards are the most mobile payment method!
The world has been talking about “mobile payments” for years, but the phrase means different things to different people. So what exactly are mobile payments? And how much more mobile than cash or cards can payments actually get, asks Philipp Nieland, co-founder and CTO of PPRO Group. Some people believe that mobile payments are those […]
