Syniverse has formed a strategic partnership with Samsung SDS that will lead to the development of a universal mobile payments platform. The two companies came to the table to sign a Memorandum of Understanding during the recent CES event in Las Vegas. The new payments platform is designed to be wallet-agnostic, which is to say…
French startup Lydia announced it has raised $45 million in a Series B funding round led by Chinese multinational conglomerate Tencent. Though relatively small with only 90 employees, mobile payment app Lydia is wildly popular in France, with 3 million users in the country and 5,000 people signing up every day. A large portion of…
Digital payments giant Visa has announced that participants in its Visa Token Service are set to reach an estimated $1 trillion in combined eCommerce transactions since the service was first introduced in late 2014. The Visa Token Service was launched as a way to replace a user’s sensitive account information with a unique digital identifier…
SiriusXM is deploying EyeLock’s iris authentication tech to safeguard its new mobile e-wallet. The in-car platform is designed to help drivers pay for goods and services while on the go, allowing them to pay tolls, purchase gas, or pass through the drive-thru window without reaching for their wallet. To that end, the SiriusXM e-wallet will…
Signicat has teamed up with SurePay to give Dutch customers more confidence when delivering payments. The joint solution blends Signicat’s Digital Identity Platform with SurePay’s Account Check service to make sure that payments reach the intended recipient. The service is primarily geared towards employers and other large organizations, and cross-references a payee’s personal information with…
A new report from Grand View Research predicts that the international digital payments market will climb to $132.5 billion between 2019 and 2025. The number represents an astounding CAGR of 17.6 percent during the time period in question. The research firm attributes much of that growth to rapid technology improvements and the increasing prevalence of…
IDEMIA and Mobeewave are extending their payments partnership in Australia. The two companies first joined forces in 2017, and are now working together to bring NFC-enabled contactless payments to brick-and-mortar retailers across the country. The joint solution combines IDEMIA’s Digital Enablement Platform with Mobeewave’s contactless payment processing platform, which is compliant with the latest Payment…
Samsung is once again following Apple’s lead in their ongoing digital money rivalry, announcing a new digital wallet system called Samsung Pay Cash. It’s essentially a means of letting users of Samsung Pay, Samsung’s mobile payments system, carry a balance on their Samsung smartphones. A user can load money onto Samsung Pay Cash, and then…
Apple recently revealed that it is paying close attention to the growing cryptocurrency trend, though it’s not yet clear what role the company would like to play in the evolving market. “We’re watching cryptocurrency,” Apple Pay VP Jennifer Bailey told CNN during a private event. “We think it has interesting long-term potential.” “This would be…
Mezu is teaming up with Mastercard to release a digital debit card that will allow Mezu users to make purchases anywhere Mastercard is accepted. Mezu is a mobile payments app that does not share any personal information or transaction history with third parties and leverages biometric authentication for added security. The partnership with Mastercard will…
“We consider the partnership with LG as proof of the market leadership of our mobile payment solutions competence and look forward to continue developing LG Pay together with LG.” G+D Mobile Security is providing cloud payment services to help LG bring the LG Pay platform to the United States. The US is the first country to…
Shell and WEX are releasing a new mobile app that will allow drivers to pay for gas without needing to leave their cars. WEX Fleet DriverDash processes payments electronically, using a smartphone’s biometric features to authenticate each transaction. “DriverDash delivers increased security and control for fleet managers, while offering drivers a faster and easier…
Fit Pay is utilizing the CPI Card Group’s Adaptives contactless payment technology in its Flip payment device. The Flip operates much like any other NFC device, but is noteworthy because it allows owners make retail purchases with Bitcoin and other cryptocurrencies once those currencies have been converted to US dollars and loaded onto the device.…
NTT DOCOMO is joining forces with the LINE Pay Corporation and Merpay, Inc. in an effort to promote cashless transactions in Japan. The three companies respectively operate the d Barai, LINE Pay, and Merpay mobile payment platforms, and will each redesign their apps to allow them to recognize QR codes and payments from the other…
“This could prove to be an important step forward in online security as more and more payment transactions are performed over online channels.” The biggest industry associations in the fields of payments, the internet, and authentication have announced a new cross-industry interest group aimed at fostering security and interoperability for online payments. The groups involved…
Public Transit Victoria (PTV) has integrated NXP’s MIFARE 2GO to create a mobile version of its myki transit cards. MIFARE 2GO is a cloud-based Android platform that will allow Australian commuters in Melbourne and the surrounding area to forego physical tickets and ride the bus, train, or tram after purchasing a fare with Google Pay. …
“The company’s Financial Institutions, Connected Objects, and Mobile Operators divisions are all joining together to form the Secure Enterprise Transactions, or SET, division.” IDEMIA has announced further changes to its corporate structure, a little over a year after its last major overhaul. Essentially, the changes comprise the consolidation of three previously discrete business units. The…
“Based on the FitPay mobile payments platform, Garmin Pay allows users to upload their payment information so that they can make contactless, tap-to-pay purchases using their wristband devices.” Garmin Pay has a big new supporter: Discover has announced that its credit cards can now be used together with the wearables-focused mobile payments platform. The news…
Apple is not alone in gaining support for its mobile payments platform from Target: The major US retailer has announced that it’s also preparing to enable support for Google Pay and Samsung Pay. Apple announced its support yesterday, marking something of a breakthrough in its efforts to gain support among US merchants. Target was one…
