Updated Android Pay selected by top global banks to enhance mobile banking apps
Android Pay has linked its mobile wallet service to a handful of mobile banking apps, giving consumers the ability add their cards more quickly to the mobile wallet.
Customers of Bank of America, Bank of New Zealand,...
Apple Pay mobile payment adoption rates poor… and slowing
When Apple launched its Apple Pay mobile payment service more than two years ago, it hoped to speed up the checkout process and, ultimately, to replace physical wallets for US consumers.
Apple Pay has made...
FCA crackdown on contactless card fraud security flaw
The UK's FCA has set out measures to tackle contactless card fraud on contactless cards which have been reported lost or stolen.
In a letter to the Treasury select committee, the Financial Conduct Authority (FCA) said...
Australia banks lose ruling to Apple Pay as mobile wallet continues dominance
Apple Pay has won a major regulatory battle with Australian banks that will see it retain control of its contactless mobile payment technology.
Four banks had wanted to negotiate with Apple Pay to gain access to...
JPMorgan acquire MCX mobile payments to enhance Chase Pay
JP Morgan has agreed to acquire the now defunct MCX’s mobile payments technology to accelerate the expansion of its Chase Pay wallet app.
MCX was formed in 2012 by a consortium of retailers in the US which...
Visa Token Service extends mobile payments into 12 European countries
Visa says that, by the end of this year, more than 12 European countries are adopting the Visa Token Service, a new technology that makes mobile and online payments more secure and convenient by...
Autralian banks respond to Apple Pay NFC payment submission
Three of Australia’s major banks (National Australia Bank, Commonwealth Bank and Westpac), along with Bendigo bank have released a joint statement in response to the Apple Pay submission to the coalition seeking to bargain...
One in four UK card payments now contactless payments
A quarter of all card transactions are now contactless payments, new figures from The UK Cards Association show.
325 million purchases were made using contactless debit and credit cards in November 2016, accounting for 25%...
Mastercard and Visa sign digital wallet tokenisation deal
Mastercard and Visa have committed to accelerating the adoption of an open digital wallet, the global card networks announced their agreement to allow each network to request tokenized credentials from the other when consumers...
Apple Pay wins legal battle against Australian banks
Apple has claimed first blood in its battle with Australia’s largest banks, which have been trying to force it to offer them access to Apple Pay.
The decision could help smooth Apple Pay’s difficult entry...
Latest News
Payment industry history with first AES DUKPT key management implementation
Verifone says it has implemented AES DUKPT with its end-to-end encryption solution, VeriShield Total Protect, its Engage family of payment devices, and Carbon 8 & 10.
Co-designed by Verifone, AES DUKPT...
