digital payments

Samsung SDS and Syniverse Team Up to Develop Universal Mobile Wallet

Samsung SDS and Syniverse Team Up to Develop Universal Mobile Wallet

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 Payments App Lydia Raises $45 Million in Round Led by Tencent

French Payments App Lydia Raises $45 Million in Round Led by Tencent

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…

Visa Token Service Participation Set to Reach $1 Trillion

Visa Token Service Participation Set to Reach $1 Trillion

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 Uses EyeLock Iris Tech to Authorize In-Car Transactions

SiriusXM Uses EyeLock Iris Tech to Authorize In-Car Transactions

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…

Grand View Forecasts $132.5 Billion Digital Payments Market

Grand View Forecasts $132.5 Billion Digital Payments Market

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 Extend Contactless Payments Partnership in Australia

IDEMIA and Mobeewave Extend Contactless Payments Partnership in Australia

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 Offers Half-response to Apple Pay Cash

Samsung Offers Half-response to Apple Pay Cash

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 Acknowledges Interest in Cryptocurrency Market

Apple Acknowledges Interest in Cryptocurrency Market

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 and Mastercard Introduce New Digital Debit Card

Mezu and Mastercard Introduce New Digital Debit Card

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…

G+D Helps Bring LG Pay to the United States

G+D Helps Bring LG Pay to the United States

“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…

DriverDash Lets Shell Customers Pay for Gas Without Leaving the Car

DriverDash Lets Shell Customers Pay for Gas Without Leaving the Car

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…

Contactless CPI Tech Powers Fit Pay’s Cryptocurrency Payment Device

Contactless CPI Tech Powers Fit Pay’s Cryptocurrency Payment Device

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 Joins Mobile Payment Alliance to Promote Cashless Transactions

NTT DOCOMO Joins Mobile Payment Alliance to Promote Cashless Transactions

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…

EMVCo, W3C, and FIDO Alliance Form Online Payments Security Interest Group

EMVCo, W3C, and FIDO Alliance Form Online Payments Security Interest Group

“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…

NXP and Google Pay Update Melbourne’s Transit System

NXP and Google Pay Update Melbourne’s Transit System

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.   …

IDEMIA Announces Secure Enterprise Transactions Division

IDEMIA Announces Secure Enterprise Transactions Division

“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…

Discover Lends Support to Garmin Pay Platform

Discover Lends Support to Garmin Pay Platform

“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…

Target Concedes Support to mPayment Rivals

Target Concedes Support to mPayment Rivals

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…

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