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August 7, 2019

On the wires

August 6, 2019

On the web

Citi Hong Kong Announces New Digital Payment Solution That Enables Credit Cardholders to Settle Big Ticket Payments on Citi Mobile App

Crowdfund Insider

“Citi Hong Kong announced last week the launch of Citi PayAll, a payment solution that enables Citibank credit cardholders to settle one-off or recurring payments on the Citi Mobile App using their credit card while earning Points at the same time. According to Citi Hong Kong, the types of payment Citi PayAll covers include monthly rental, monthly carpark fees, residential property management fees, and tuition fees. It was noted that clients no longer need to settle these transactions using cash, checks or autopay, giving them more autonomy and flexibility in payment options.”

August 1, 2019

On the wires

Sionic Mobile To Offer No-App Mobile Pay at Gas Pumps

businesswire

Sionic Mobile is proud to announce it is making mobile payments at gas pumps possible without requiring a mobile app. Sionic Mobile, a leading provider of cloud-based connected commerce services, is integrating its secure, zero-friction ULink™ service with Gilbarco Veeder-Root’s Passport® Point-of-Sale solution at fuel dispensers. The integration of ULink into Passport enables fast and convenient payment at all Point-of-Sale manufactured by Gilbarco Veeder-Root , a highly-regarded supplier of fuel dispensers, PoS systems, payment systems, forecourt merchandising, and support services to fuel retailers. ULink, a universal linking service connecting mobile consumers and brick-and-mortar merchants, uses digital wallets and cutting-edge payment card security and payment processing through CyberSource®, a Visa company, to submit card payment authorizations to fuel retailers.”

July 31, 2019

On the wires

ACI Worldwide’s Mobile Payments Technology Supports Pay-In-Aisle Launch of British Convenience Food Retailing Giant, Co-op

businesswire

ACI Worldwide , a leading global provider of real-time electronic payment and banking solutions , today announced that its mobile payments technology is an essential component of the Co-operative Group’s new Pay-in-Aisle App. The Co-operative Group (Co-op) is one of the UK’s largest convenience food retailers with more than 2,600 stores and fuel sites across the country.   The app will be launched across 30 Co-op food stores in England, Scotland and Wales by early August 2019, utilizing the Mobile Commerce SDK that is part of ACI’s UP eCommerce Payments solution. The app allows customers to scan products on their own device as they shop and when they have finished, product costs are deducted from their Apple Pay or Google Pay accounts with a touch of a button. The technology sits alongside existing payment methods – including cashiers and self-scan tills.”

July 22, 2019

On the web

Consumers Will Be Able to Pay for Doctor Visits on Their Phones, Via Anthem

WSJ (Paywall)

Anthem Inc. is launching a new app that will help consumers—including people who don’t have its insurance—to schedule and pay for medical visits through their smartphones, as well as learn potential diagnoses and text with doctors. The rollout will begin this month in one state but eventually reach the big insurer’s full geographic territory, in the latest sign of the industry’s ambition to bring the seamless experience of an Uber ride to the fragmented health-care business . Companies including UnitedHealth Group Inc., CVS Health Corp. and Cigna Corp. are all working on apps and other tools aimed at boosting convenience, shaping users’ care and reducing costs.”

July 3, 2019

On the web

Mexico to Launch Smartphone Payments System

Global Government Forum

“The Mexican central bank is to launch a smartphone payments system, and has instructed the country’s banks to join up by the time the system goes live at the end of September. Banxico’s new platform, known as CoDi, is designed to reduce the use of cash and draw people into the financial system. “If we consider that the number of people [in Mexico] with smartphones is twice that of those who have a bank account, it’s quite clear that CoDi could have an enormous impact, by integrating a whole universe of potential clients into the financial sector,” said Alejandro Díaz de León, governor of the Mexican monetary authority.”

June 24, 2019

On the web

Wirecard Launches Pilot for Banking and Payment App Boon Planet

Retail Banker International

“Germany-based Wirecard is launching boon Planet, an app focused on mobile payment and banking services. boon Planet allows users to handle a wide variety of services on just one app. Customers can open an account in a few minutes, see a complete overview of all finances and make contactless payments, both via smart device and card. For its first phase, several hundred accounts will test the service. The full launch will be from October this year in Germany. Existing boon payment users and Wirecard customers will have the opportunity to add banking to their account via the app. New users will also be able to register for both services.”

June 6, 2019

On the web

Line Teams up With Visa to Boost Its Mobile Payment Service

TechCrunch

“The deal will see Line Pay become compatible with Visa’s 54 million merchant partner locations worldwide, boosting the service outside of its native Japan, where it has been pitched heaviest so far and where Line claims 80 million users. The tie-up will allow Line users to use the app’s payment system even where Line Pay isn’t accepted. That’s through a ‘virtual’ visa card that’ll show up in the chat app. Beyond that, the two sides said they will explore “ways for merchants to interact with the Line Pay service” and its digital wallet. That’s pretty lukewarm, and it’s hard to imagine that it’ll make much of a dent outside of Japan. Line’s three other major markets, in terms of users, are in Asia: Thailand (44 million), Taiwan (21 million) and Indonesia (19 million.)”

May 3, 2019

On the web

Majority of Korean Smartphone Owners Use Mobile Payment Service

Pulse News Korea

“According to a poll conducted by local market tracker DMC Media on Tuesday, 79.1 percent of the 282 respondents said they used mobile payment service such as Samsung Pay and Kakao Pay at least once over the last six months. Of all female respondents, 87.3 percent had the experience, 14.9 percentage points more than 72.4 percent of male users. The mobile simple payment service was in the highest use by those who are in their 30s as 85.7 percent of the 30-something respondents said they used the service, followed by those in their 20s with 82.4 percent and 40s with 68.5 percent.”

April 22, 2019

On the web

JCPenney Drops Apple Pay

Digital Transactions

“Department-store chain J.C. Penney Co. Inc. confirmed over the weekend that it no longer accepts Apple Inc.’s Apple Pay mobile-payment service. The confirmation came in a tweet on the Ask JCPenney Twitter feed, where a consumer inquired after his wife tried to pay for a purchase with Apple Pay but was told the service no longer was accepted. When asked by Digital Transactions News about reasons for the decision and the status of other mobile-payment services at JCPenney, a spokesperson said the company would have a statement later today.”

On the wires

CellPoint Mobile Enables Viva Air to Become the First Airline in Latin America to Offer Apple Pay and Google Pay

prnewswire

“CellPoint Mobile, a leading provider of digital commerce and payment solutions for airlines and travel companies will enable the roll-out of multiple digital and mobile payment methods for Viva Air, starting with Apple Pay, Google Pay, MasterPass and Visa Checkout. CellPoint Mobile is fast-tracking the deployment of these payment methods along with Viva Air’s current payment provider Ingenico.  Viva Air is a rising star in the Latin America aviation sector, with an expanding network of 16 destinations across Colombia, Peru and the Unites States, and plans to serve over 60 million passengers by 2022. The launch of these new payment methods will make the Colombian carrier the first in Latin America to offer Apple Pay and Google Pay”

April 19, 2019

On the web

Alibaba Group’s Mobile Payment Platform Coming to Capital One Arena

bizjournals

“Alipay, a mobile payment platform from Chinese multinational conglomerate Alibaba Group, is now available at Capital One Arena. The platform, which serves one billion users worldwide, is available across the arena’s ticketing, concessions and team store — making Capital One Arena the first stadium of its kind globally to have the leading Chinese payment app available for visitors.”

April 17, 2019

On the web

Apple Pay Comes to Uber Eats in Nearly 20 Markets

TechCrunch

“Apple Pay has been a payment option in Uber’s app since fall 2014 , but the payment option hadn’t made its way over to Uber’s food delivery app, Uber Eats. Now, that’s changing. Uber today announced that users who want to use Apple Pay can finally do so using FaceID or TouchID in the Uber Eats app, instead of filling out their billing information.”

Vietnam Tops Global Growth for Mobile Payments

NFC World

“Vietnam has recorded the highest growth in mobile payments in the past year, according to research by PwC. Singapore also saw strong growth, climbing 12 percentage points from 34% in 2018 to 46% in 2019. PwC says this highlights how efforts by mobile payments companies and its government – which began paving the way for digital payments in late 2017 – are paying off. PwC’s Global Consumer Insights Survey 2019 found that the percentage of consumers paying by mobile in Vietnam has increased to 61%, up from 37% in 2018. The 24 percentage point increase was also the largest of the six South East Asian countries that took part in the global survey.”

April 15, 2019

On the web

DBS Launches Mobile Payments Service for SMEs

FinTech Insight

“To use DBS MAX, customers scan the merchant’s FPS QR code and pay in real-time via their own mobile banking apps.DBS says the system not only makes payment reconciliation easier, it also eliminates the need for physical payment terminals an reduces the costs and risks associated with handling cash.The app has been trailed at 10 firms, across a range of sectors, including retail and food and beverage.”

April 5, 2019

On the web

4 New Ways to Pay for Canadian Merchants

Braintree blog

“To capitalize on the opportunity, successful retailers minimize friction during the mobile purchasing process, especially at checkout. Checkout is the moment when consumers part with their money but have not yet seen, touched, or received their product — any friction can give the consumer an opportunity to reconsider their purchase and abandon their cart. In fact, according to a recent Baymard survey, 28% of consumers will abandon the checkout process if it is too long or complicated.”

March 25, 2019

Top Post

Venmo to Users: If You Owe Us Money, We’re Coming for It

Wall Street Journal

“In a bid to curb losses on its platform, Venmo is threatening to sic debt collectors on some users who carry negative balances in their accounts, according to customer-service emails reviewed by The Wall Street Journal. Venmo also recently amended its user agreement to give itself the power to recover money its customers owe by seizing it from their other accounts at PayPal.PayPal’s difficulties in trying to turn Venmo into a moneymaker show how banks and financial-technology companies are having a hard time making finance faster and more convenient for customers while also earning a profit.”

February 11, 2019

On the wires

January 31, 2019

On the web

Apple Pay transaction volumes are up 100% year-on-year

NFC World

“More than 1.8bn Apple Pay transactions were conducted last quarter, CEO Tim Cook has revealed during the company’s Q1 2019 earnings call. That number is “well over twice the volume of the year-ago quarter,” he revealed. The rollout of Apple Pay in Germany “has been a huge success”, Cook added, “with Deutsche Bank reporting more activations for Apple Pay in one week then for Android in an entire year.””

January 28, 2019

On the web

Los Angeles Metro System May Support Apple Pay This Fall

Ubergizmo

“MacRumors reports that Los Angeles Metro is working with Apple to bring support for Apple Pay. This transit agency manages the integration of the TAP card system in the Los Angeles Area. Support for Apple Pay is reportedly scheduled to roll out this fall. The scribe mentions that it obtained this information through a public information request filed under California law.”

January 25, 2019

On the web

Lydia launches shared accounts for its mobile payment app

TechCrunch

“When Lydia introduced its premium offering back in March 2018, the company completely rethought the way Lydia accounts worked. Users had a single Lydia account and were basically limited to sending, receiving and withdrawing money — it was all about peer-to-peer payments. Now, you can create as many Lydia accounts as you want, move money around, set money aside and top up each account separately.”

January 22, 2019

On the web

Apple Pay, Google Pay and Samsung Pay coming to Target

USA Today

“It’ll soon be getting much easier to pay with your smartphone at Target. The retailer, which had been a major holdout, announced in a blog post Tuesday that it will soon accept Apple Pay, Google Play, Samsung Pay as well as “contactless cards” from Mastercard, Visa, American Express and Discover in all of its stores. Apple separately announced that in addition to 1,850 Target stores in the U.S., Apple Pay will be accepted at more than 7,000 Taco Bell stores, at more than 245 Hy-Vee supermarkets in the Midwest, at around 3,000 Speedway convenience stores, and more than 2,200 Jack in the Box locations. “

January 9, 2019

On the wires

January 8, 2019

On the web

Visa, SiriusXM unveil plans at CES for in-vehicle payments platform

Mobile Payments Today

“The companies, who announced the deal at a CES event, said the connected payment service will allow drivers to pay for everything from coffee to highway and bridge tolls, as well as to locate and pay for parking, according to the release. The service will use biometric authentication of Visa account holders through voice and touchscreen commands in order to avoid distractions that could endanger drivers or others.”

January 4, 2019

On the wires

Phillips 66 Company collaborates with Honda Developer Studio to offer in-vehicle fuel payment

“Phillips 66 (NYSE: PSX) is collaborating with Honda Developer Studio to develop in-vehicle fuel payment integration that allows Honda vehicle owners to reserve a pump and pay for fuel at Phillips 66®, 76® and Conoco® branded locations through their in-dash infotainment system. This new in-vehicle feature will allow drivers to find the nearest Phillips 66, 76 or Conoco station and pay at the pump from the comfort of their driver seat.”

January 3, 2019

On the web

Leutz: The Victims of Venmo

The Dartmouth

“Spending money in the digital era feels more like waving a magic wand, or playing a video game, than making monetary decisions. In this way, there is a growing feeling of numbness, or detachment, between the consumer and digital currency. When people can’t physically see money leaving their hands, they are at a higher risk to spend recklessly. Modern consumers are in danger of being desensitized to their own expenditures.”

December 20, 2018

On the web

Indonesian mobile payments set for cross-platform boom

Rapida

“Although they already saw rapid growth in 2018, transactions via mobile payments platforms and prepaid cash cards, which are very popular in underbanked Indonesia, still account for a small slice of retail sales. They will make up a bigger slice in 2019 when Bank Indonesialaunches a centralised gateway allowing cross-platform transactions. At the heart of this system are QR codes, the low-cost, low-tech, phone-scannable bar codes which are powering commerce across Asia.”

On the wires

December 18, 2018

On the web

ANZ mobile payments soar during the Christmas season

Electronic Payments International

“The data revealed that ANZ mobile payments increased 120% more in October 2018 compared to the same time last year. Department stores, delivery services, electronics, beverages and hardware all featured in the top shopping categories. It also noted that supermarkets, petrol stations and cafes are some of the most popular places for shoppers during the rest of the year.”

Adoption of mobile payment shifts consumer spending patterns, habits

University of Illinois research

“Using a unique data set from one of the largest banks in China – which contained the transaction data from personal computer, offline and mobile payment channels – Xu and co-authors found that, on average, the total transaction amount increased by 2.4 percent after the adoption of the mobile payment channel, and that the total transaction frequency increased by more than 23 percent.”

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