1 September 2017

1st September 2017
  • Mobile/Contactless and omni-Commerce
  • ACH
  • Issuing
  • e-Identity
  • Fraud/Security
  • Acquiring/Processing

MOBILE/CONTACTLESS and omni-COMMERCE

Barclaycard on the 10th anniversary of introducing contactless payments.  http://tinyurl.com/yddycevr

Barclaycard says six in ten cardholders pay using ‘touch and go’ with 91% of eligible transactions in fast food outlets and 89% in pubs and bars now being made using contactless.

 

Ocado the online grocer is launching an app for Amazon’s Alexa voice assistant.  http://tinyurl.com/yam3qqae   Skill http://tinyurl.com/y726bfoe

The app enables users to add items to their shopping list by voice alongside other functionality such as tracking orders and finding out what foods are in season.  It does not, however, allow the creation of new orders.

 

Mastercard is involved in a pilot project in Poland, making a smartphone the only necessary device for accepting contactless payments.  http://tinyurl.com/ycszlx7p

Working with Elavon, Polskie ePłatności, Samsung  and Mobeewave, the pilot sounds almost identical to that announced by Worldpay in June.  Both do away with the need for a separate PED, allowing F2F contactless payments using a mobile app. The pilot is expected to start this autumn and to last until the summer of 2018.

 

Visa and MasterCard excited about Fitbit Ionic. Visa http://tinyurl.com/y8wytmb8 MasterCard http://tinyurl.com/yc84ne2g Fitbit http://tinyurl.com/yaann4bu

Both schemes are supporting NFC payments on the new Fitbit smartwatch via Fitbit Pay™, Fitbit’s new payment function. Release is scheduled for October with initial support in US followed by a global roll-out. The watch will also be supported by a raft of other issuing banks and with popular partner apps including Starbucks.

 

After Fitbit Visa and MasterCard support the Garmin vívoactive® 3 smartwatch for payments using the Fitpay platform. MC http://tinyurl.com/yaa2gwct  Visa  http://tinyurl.com/ycftpllk

It’s all about activity and wearables.

 

Amex moves into instalments in the US. http://tinyurl.com/y82wqway

The new offer enables cardholders to ‘Pay Now with a Tap in the App’ or set up Monthly Payments for purchases above $100.

 

Pay with Google said to be only a month away. http://tinyurl.com/y9y9g8kg  Google http://tinyurl.com/n6uff6x

The Head of commerce partnerships at Google declared as much at a recent conference but said it is not putting itself in competition with payment card networks.

 

ACH

Bacs is making a ‘Call for Input’ on the Direct Debit service.  http://tinyurl.com/y9ej4dkw

The consultation follows a similar exercise in 2016 and is seeking feedback on the areas of Security, Flexibility, Control and Liability.

 

ISSUING

PayPal is launching a new PayPal Cashback Mastercard issued by Bank in the US. http://tinyurl.com/yashwwl3

The card, designed exclusively for PayPal members, offers cardholders 2% cash back. There is no indication that the concept will be launched outside the US at present. Synchrony is largest provider of private label credit cards in the US.

 

WEX Inc has been granted an e-Money licence by the FCA and is now a principal member of Mastercard. http://tinyurl.com/ybtd5paz

The new license accelerates NY listed WEX’s European expansion plans in the travel supplier payments environment using prepaid technology.

 

eIDENTITY

Verimi, the new cross industry registration, identification, and data platform, is being readied for launch over the New Year.  http://tinyurl.com/ybhzajv5

Deutsche Lufthansa and Deutsche Telekom are new partners to the open platform being masterminded by Deutsche Bank. The first product will be the online digital “master key” (SSO) to be followed by digital access to authorities (eGovernment) or digital payment and financial services.

 

FRAUD/SECURITY

Verizon’s 2017 Payment Security Report demonstrates a link between organizations being compliant with the PCI DSS standard, and their ability to defend against cyberattacks. http://tinyurl.com/ycqv9ekv Report http://tinyurl.com/y8khbnbl

Of all payment card data breaches Verizon investigated, no organization was fully compliant at the time of breach.

 

ACQUIRING/PROCESSING

JCB International and Russian Agricultural Bank have announced the signing of a license agreement on acquiring and issuing JCB cards. http://tinyurl.com/y7k4emeu

RusAg will start accepting all JCB cards on the bank’s ATM network and POS terminals as well as issuing JCB cards and MIR/JCB co-badged cards.

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