A leading payments industry news source for more than 17 years. Glenbrook curates the news and keeps you abreast of the important daily headlines in payments.

Search Payments News

April 7, 2022

On the wires

Adyen to Offer Tap to Pay on iPhone to Customers Later This Year

“Adyen (AMS: ADYEN), the global financial technology platform of choice for leading businesses, is working with Apple to offer Tap to Pay on iPhone for its U.S. customers later this year. The solution allows Adyen’s U.S. customers to use their iPhones to accept contactless payments, without the need to purchase or manage additional hardware or payment terminals. Adyen is working with enterprise customers and commerce platforms, such as Lightspeed Commerce and NewStore, to bring the feature to even more businesses. With Adyen’s support, NewStore will pilot the new capability with its customer Vince.”

March 29, 2022

On the wires

Mastercard Partners With Bank Alfalah for Market-first Launch of Tap on Phone and Simplify Commerce Solutions in Pakistan | Middle East/Africa Hub

“Mastercard and Bank Alfalah have entered into a strategic partnership to empower businesses in Pakistan through the launch of two of Mastercard’s market-leading solutions powered by Mastercard Payment Gateway Services  – Tap on Phone and Simplify Commerce – leveraging the power of technology to catalyze success and boost financial inclusion for businesses across the market, with a special focus on small enterprises.”

February 18, 2022

On the web

GoDaddy Is Letting Users Turn Their Smartphones Into a POS

TechRadar

“GoDaddy has announced it is launching into in-person payments by allowing users to turn their device into a point of sale ( POS ) device.    GoDaddy’s solution is somewhat novel: unlike Square’s physical reader (which connects to an iPhone) or Apple using the iPhone’s NFC chip, GoDaddy is using QR codes and its app to let people pay merchants.”

February 8, 2022

Top Post

Apple Unveils Contactless Payments Via Tap to Pay on iPhone

“Apple today announced plans to introduce Tap to Pay on iPhone. The new capability will empower millions of merchants across the US, from small businesses to large retailers, to use their iPhone to seamlessly and securely accept Apple Pay, contactless credit and debit cards, and other digital wallets through a simple tap to their iPhone — no additional hardware or payment terminal needed. Tap to Pay on iPhone will be available for payment platforms and app developers to integrate into their iOS apps and offer as a payment option to their business customers. Stripe will be the first payment platform to offer Tap to Pay on iPhone to their business customers, including the Shopify Point of Sale app this spring. Additional payment platforms and apps will follow later this year.”

January 27, 2022

Top Post

iPhones Will Soon Accept Contactless Payments Directly, Says Report

The Verge

“Small businesses will soon be able to use iPhones to accept payments without the need for Square-style extra hardware, according to a Bloomberg report . The feature has been anticipated since Apple bought contactless payment startup Mobeewave in 2020, and Bloomberg now says it could be coming via a software update “in the coming months.” Mobeewave previously worked with Samsung on similar NFC functionality, trialling a system called Samsung POS in the startup’s home country of Canada in 2019 before launching it worldwide. Samsung POS enabled Samsung phones to accept payments directly from contactless cards and NFC payment services like Apple Pay, Samsung Pay, and Google Pay.”

January 20, 2022

On the wires

Network International Launches Tap on Phone in Partnership With Mastercard to Expand Digital Payment Acceptance Across Middle East & Africa | Middle East/Africa Hub

“An estimated 500,000 new merchants across the Middle East and Africa will soon be able to benefit from simple, seamless and convenient digital payment acceptance via Network International’s Tap on Phone technology, which enables mobile phones to act as payment terminals. The initiative marks a new milestone between Mastercard, a technology leader in the global payments industry, and Network International, a leading enabler of digital commerce. Tap on Phone powered by Mastercard Payment Gateway Services (MPGS), gives small and medium-sized businesses (SMEs) the ability to accept payments through a smartphone.”

October 15, 2021

On the wires

MagicCube Announces $15 Million Investment Round Led by Mosaik Partners, Advancing the Software-Based Security Paradigm Shift

“MagicCube, the startup that created the Software Defined Trust (SDT) category, announced today a $15 million round of investments led by Mosaik Partners, with participation of Bold Capital, Epic Ventures, cardreader maker ID Tech, and individual investors in the fintech space. Funds raised in this round will be used to accelerate deployment of the company’s unmatched software-based security solutions aimed at replacing security chips used today as the standard to safely store sensitive data and authenticate whoever needs access to it.”

July 20, 2021

On the wires

NMI and J.P. Morgan Collaborate to Expand Card-Present Payments Offering in Europe

NMI , a leading global payments enablement technology company, and J.P. Morgan , the No. 1 acquirer of web transactions in Europe* for the sixth year running, will utilize NMI’s portfolio of retail, mPOS, unattended and tap to mobile technologies to serve J.P. Morgan customers in a selection of European countries…NMI’s broad range of payment technologies and solutions focusing on contactless enablement, unattended and emerging tap to mobile, can provide J.P. Morgan’s merchant customers with innovative card-present capabilities to support consumers’ needs as they return to stores.”

July 13, 2021

On the web

Square Plans New iPad Payment Terminal With Built-In Tap-to-Pay

Bloomberg

Square Inc. is developing an iPad point-of-sale terminal that will let shoppers more easily tap to pay for purchases at participating stores. The company’s current Square Stand, launched in 2013, features a magnetic stripe reader but requires an external device to handle phone payments or tap-to-pay credit cards. The new version in development integrates the tap-to-pay technology into the terminal itself, making the process more seamless. Evidence of the upcoming Square Stand is buried deep inside the company’s iPhone and iPad app.”

June 16, 2021

On the wires

Visa Launches Its First U.S. Tap to Phone Pilot in Washington D.C. to Support Region’s Black-Owned Small Businesses

“After piloting Tap to Phone in more than thirty countries, Visa (NYSE:V) today announced its first Tap to Phone pilot in the United States. Visa is touching down in Washington, D.C., one of the U.S. cities with the highest percentage of Black-owned small businesses (SMBs) to launch Tap to Phone and deliver resources and education via Visa Street Teams as part of Visa’s goal to digitally-enable 50 million SMBs . Washington, D.C. is the first stop on Visa’s six-city SMB revitalization initiative, which also includes Atlanta, Chicago, Detroit, Los Angeles and Miami.”

May 28, 2021

On the web

Viva Wallet Launches Tap on Phone Feature for Android POS App

Finextra Research

“Viva Wallet, a pan-European neobank providing localised payment services to businesses has launched a Tap on Phone solution for both contactless and pin payments, with the capability of turning any NFC enabled Android device into a card terminal. With no installation, no contract, no monthly charges, and no purchase of a physical card terminal required, Viva Wallet’s aim is to provide a cost-efficient alternative to payments acceptance and at the same time, meet consumer expectations in this increasingly digital world where contactless payment is preferred.”

May 17, 2021

On the web

MagicCube, Dojo Offer Contactless Mobile PIN Payments for U.K., Irish Merchants

PaymentsSource

“MagicCube’s software that converts Android devices into mobile point-of-sale terminals will be deployed in the U.K. and Ireland through a partnership with payments provider Dojo. London-based Dojo’s payment acceptance technology will integrate with MagicCube’s i-Accept software. The companies are testing the technology in different venues in the U.K., with plans to scale as soon as tests are complete. MagicCube has long focused on technology that allows customer use of PIN on a glass surface , as well as advancing contactless payment technology during the global pandemic.”

April 22, 2021

On the wires

PayTabs Partners With Visa to Bring Innovative ‘Tap to Phone’ Mobile Acceptance Solution to MENA

“PayTabs, MENA’s award-winning payment solutions powerhouse, today announced the launch of their PayTabs Touch product, globally known as Tap to Phone – a contactless merchant payment acceptance solution. With the Tap to Phone touchscreen solution and owing to changing lifestyles, consumerism and the rapid growth in e-tailing, millions of merchants will now be able to rely purely on contactless software-based solutions to accept payments. Tap to Phone aims to make traditional expensive location centric devices like physical POS devices and terminals, obsolete.”

March 11, 2021

On the wires

MagicCube’s I-Accept, the World’s First Software-Based Replacement for Traditional Payment Terminals, Enables Smartphones As TAP & PIN POS for Brazilian Merchants

MagicCube , the leader in the new category of Software Defined Trust (SDT), today announced the availability of i-Accept ™, a complete software-based replacement for traditional payment acceptance terminals, now available in Brazil. Through i-Accept™, acquiring banks and disruptive financial services institutions can now enable their merchants and retailers to accept contactless cards, including those from Visa®, Mastercard®, American Express® and Discover® (Elo’s international partner), as well as capture financial PINs and other verification methods, without the need for additional hardware or terminals.”

March 10, 2021

On the web

NPCI Partners With SBI Payments to Launch ‘RuPay SoftPoS’ Solution

Mint

“National Payments Corporation of India (NPCI) on Friday partnered with SBI Payments to announce the launch of ‘RuPay SoftPoS’ for millions of Indian merchants. This innovative solution has the capability to transform NFC enabled smartphones into merchant Point of Sale (PoS) terminals for the retailers. Merchants will now be able to accept contactless payments of up to ₹5000 through a simple tap and pay mechanism on their smartphones.”

January 27, 2021

On the web

Pine Labs Launches AllTap App for Small Merchants to Accept Contactless Payments Via Their Smartphones

cnbctv18.com

“Merchant commerce platform Pine Labs has today launched an AllTap app with am aim to accelerate digital payments adoption in India. Specially designed for small merchants, this free to download app can enable the user to immediately start accepting digital payments without the need of any additional hardware. As of now, the app Pine Labs AllTap app is available on Google Play Store”

January 11, 2021

On the wires

Mastercard Pioneers Cloud Tap on Phone, Its First Pilot of Cloud Point of Sale (POS) Acceptance Technology | Asia Hub

“Mastercard has partnered with NMI and Global Payments Inc. to launch its first live Cloud Tap on Phone pilot with Computer Engineering Group (CEG), a California-based independent IT services provider. Cloud Tap on Phone is one of Mastercard’s innovative next generation acceptance products, with the software hosted on Microsoft’s Azure Cloud platform. Mastercard has been spearheading the transition to contactless payments for years. The demand for faster, more convenient, safer and now cleaner ways to pay has driven the transition to contactless, and it’s a one-way street with touch-free experiences expected to be permanent for consumers and businesses even after the pandemic ends.”

January 8, 2021

On the web

Mastercard Extends Partnership With Phos

Retail Systems

“Mastercard has extended its partnership with Point of Sale software provider phos as part of efforts to grow coverage of contactless card transactions.The renewed collaboration will see phos, a FinTech which provides software-only Point of Sale (SoftPoS) solutions, and Mastercard extend coverage to support Tap on Phone, a Mastercard solution that turns phones into payment acceptance devices.It is hoped that the agreement will lower the barrier to entry for small and medium sized enterprises that want to offer contactless payments.”

January 4, 2021

On the web

December 4, 2020

On the web

Argentine Fintech Ualá Takes Mobile Payments to Small Businesses

Bloomberg (paywall)

“Argentina’s Ualá, the mobile payments company backed by heavyweight investors including George Soros, Steve Cohen and Tencent Holdings Ltd, is expanding into merchant services in Argentina. The company is launching Thursday a variety of services that cater for the first time to small businesses, said Ualá’s founder and chief executive officer, Pierpaolo Barbieri. Ualá will start offering mobile point-of-sales (mPOS) units, looking to deploy 100,000 by the end of 2021, as well as allowing small companies to charge via payment links.”

On the wires

Visa Issues MagicCube a Security Compliance Allowance to Provide Faster and More Scalable Solutions to Deploy SoftPOS + PIN

MagicCube , the leader in the new category of Software Defined Trust (SDT), today announced that Visa® has issued a security compliance allowance for i-Accept™, a complete software-based replacement for traditional payment acceptance terminals. This compliance confirms that MagicCube has successfully completed the security evaluation by Brightsight, the largest independent security testing lab in the world, based on requirements set out in the Visa Ready Tap to Phone mPOS Solution Requirements with optional PIN capture guidelines.”

August 26, 2020

On the web

BBVA to pilot contactless payments acceptance on standard Android NFC smartphones

NFC World

“Spanish banking group BBVA is to pilot a service which will enable merchants to accept contactless payments on their Android smartphones without the need of additional hardware. The proof of concept pilot will integrate fintech company Rubean’s PhonePOS solution into the merchant apps of up to 2,000 of BBVA’s merchant clients in Spain, allowing them to turn their smartphone into a contactless POS terminal.”

August 12, 2020

On the web

Paytm’s new Android PoS for ordering, billing, and payments

Times of India

“Paytm is offering shopkeepers for Rs 499 per month an android-based point of sale device along with bundled software services that enables them to receive digital orders, accept digital payments and generate compliant bills. Styled like a mobile phone for accepting orders and payments on the go, Paytm said this is the first such Android-based device and is more feature-rich compared to the portable Linux based devices presently available in the country.”

August 7, 2020

On the wires

Kroger Launches Contactless Payments Pilot in QFC Division

“The Kroger Co. today announced the launch of a contactless payments pilot across the QFC division, located in Seattle, Wash., allowing customers to use their mobile device for a more seamless checkout experience. The pilot includes the acceptance of Apple Pay, Google Pay, Samsung Pay, Fitbit Pay, mobile banking apps and contactless chip cards, underpinned by near-field communication (NFC) technology.”

August 3, 2020

Top Post

Apple Buys Startup to Turn iPhones Into Payment Terminals

Bloomberg (paywall)

Apple Inc. has acquired Mobeewave Inc., a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter. Mobeewave’s technology lets shoppers tap their credit card or smartphone on another phone to process a payment. The system works with an app and doesn’t require hardware beyond a Near Field Communications, or NFC, chip, which iPhones have included since 2014.”

April 23, 2020

On the web

January 13, 2020

On the web

Visa to Let Merchants Accept Contactless Payments on Android NFC Phones

NFC World

““Tap to Phone makes it easy for sellers to use Android smartphones to accept payments without any additional hardware. It’s as simple as downloading an app. “This means millions more sellers everywhere will be able to accept contactless payments using current-generation mobile devices. Customers win too, as they’ll be able [to] make payments in seconds by simply tapping their contactless card, phone or watch to the seller’s Tap to Phone-enabled smartphone.” “While 40% of the national GDP in emerging markets is contributed by small and micro-sellers, fewer than 10% of these sellers accept digital payments,” the payments network adds.”

January 9, 2020

On the web

Mobeewave And Samsung Leverage Contactless With Fast Onboarding for No-Dongle Acceptance

Digital Transactions

Mobeewave Inc. , a Montreal-based specialist in technology for contactless payments, said on Wednesday it is launching a streamlined merchant-onboarding process in connection with a payment-acceptance service it introduced in October with Samsung Electronics Co. Ltd. That service lets merchants accept contactless payments via a near-field communication link between the consumer’s card and the merchant’s phone.”

January 8, 2020

On the wires

Ingenico ICON Case Helps Merchants Design More Creative Mobile Checkout Experiences

“The iCON case provides an easier means of managing devices in-store. Currently designed for Ingenico’s Moby/8500 and Link/2500 mobile point of sale (mPOS) devices, the iCON case is a magnetic enclosure enabling in-store customer service, wait staff, concierges and others to easily attach and detach their preferred smart devices from their mPOS. This allows them to engage with their customers when and where they’re needed and provide a new level of value while limiting any friction customers typically experience during checkout. In addition, the solution’s docking station allows merchants to lock down devices at the end of the day, adding another highly-valuable security measure for merchants.”

October 29, 2019

On the web

Payments News

Give us your email address or link to our RSS feed and we’ll push the daily Payments News headlines to you.

Glenbrook Payments Boot camp®

Register for the next Glenbrook Payments Boot Camp®

An intensive and comprehensive overview of the payments industry.

Train your Team

Customized, private Payments Boot Camps tailored to meet your team’s unique needs.

OnDemand Modules

Recorded, one-hour videos covering a broad array of payments concepts.

Glenbrook Press

Comprehensive books that detail the systems and innovations shaping the payments industry.