Payments News » Tech

Mastercard leads $16.5m funding round in Mobeewave

January 16 2019

in
Contactless

“The Montreal-based start-up offers contactless payment acceptance on smart devices, without the need for external hardware. It says its “bring-your-own-device technology” provides an alternative to traditional point-of-sale offerings. Earlier this year, Mobeewave signed a partnership agreement with Samsung Electronics making the Canadian firm’s platform available for commercial use on more than 250 million Samsung devices around […]

Tech

Contactless Cards Round 2 Gets Another Boost with PenFed Announcement

January 15 2019

in
Contactless

“PenFed Credit Union announced Tuesday it will begin issuing contactless Visa-branded credit and debit cards this month. The move comes after a decision by Chase, a unit of JPMorgan Chase & Co., to issue dual-interface cards that will be in force this year. The cards are called dual interface because they can be dipped into or […]

Tech

HSBC Settled Over $250bn Using DLT Technology in 2018

January 15 2019

“HSBC, one of the world’s largest bank institutions, has revealed that throughout 2018 it settle more than $250 billion in transactions using distributed ledger technology (DLT). In a press release, the bank stated that it had been using it’s “FX Everywhere” platform in order to complete over 3 million foreign exchange (FX) transactions and made an additional 150,000 […]

Tech

TD Ameritrade taps Apple Pay for instant fund transfers to accounts

January 16 2019

in
Mobile wallets

“The Omaha, Nebraska-based financial firm said on Tuesday it was allowing customers to fund their accounts with a debit card in their Apple Pay digital wallets. Using the wallet and a system called Apple Business Chat, TD Ameritrade customers with Apple devices can transfer up to $10,000 a day to their accounts and have access […]

Standards

NFC Forum unveils technical specification that lets IoT devices use a single antenna for both NFC and wireless charging

January 18 2019

“The NFC Forum has released a new candidate technical specification that is designed to enable a single antenna in an IoT device to be used to manage both NFC communications and wireless charging.”

Tech

5G: if you build it, we will fill it

January 18 2019

“In early 2000, right at the top of the dotcom bubble, the mobile bubble and the broadband bubble, European mobile operators spent €110bn on licenses for 3G spectrum. Now, almost 20 years later, I’ve just got back from CES, and 5G is a Topic. Many of my friends at big companies tell me that ‘what […]

Tech

Wirecard on time for Swatch watch payments

January 18 2019

in
Wearables

“Wirecard has signed a cooperation agreement with watch manufacturer Swatch for “SwatchPAY!”, a solution by which wrist watches will incorporate digital, contactless payment solutions in Switzerland and later throughout Europe.”

Security

Canada urges blockchain on for digital ID dream

January 18 2019

““We should be open to innovative identity verification methods like document review through a live video connection, use of blockchain, biometrics and other methods that have begun to see widespread adoption in other parts of the economy,” Parmenter comments. “These methods have the potential to prove a person’s identity more securely and accurately than showing […]

Tech

ABN Amro rolls out wearable payments on rings, watches and bracelets

January 15 2019

in
Wearables

“Customers of Dutch bank ABN Amro can now connect a wide range of Mastercard-certified wearables to their bank account and use them to make both standard, low value contactless payments and also, by entering a PIN at the point of sale, higher value transactions beyond the contactless limit as well. ABN Amro is the first bank […]

Tech

Industry First: TD Ameritrade Enables Investors to Instantly Fund Brokerage Accounts Using Apple Pay

January 18 2019

in
Mobile wallets

“TD Ameritrade announced an industry first today: the ability for individual investors to instantly fund a brokerage account with Apple Pay through Apple Business Chat in the Messages app on iPhone and iPad. Historically, to fund brokerage accounts, investors have had to endure a multi-day waiting period while funds were verified or manage a complicated […]