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Deutsche Bank launches new mobile payment app

Deutsche Bank app

Deutsche Bank has launched a new mobile payment app for Android devices.

Mastercard and Singapore’s transport authority test contactless cards while eying mobile payments

Singapore transport

Mastercard and the Land Transport Authority (LTA) in Singapore have teamed up to launch a pilot programme enabling commuters to pay for transit fares using contactless payment cards through an account-based ticketing (ABT) system.

Barclaycard strikes new payments deal with TfL

Barclaycard

Barclaycard has retained its contract to provide payment solutions to Transport for London (TfL) in the UK for another seven years, with an option to extend for a further three years. TfL and Barclaycard have worked together for two decades, and the former is expanding its network. We assume that Barclaycard didn’t go on strike […]

One in four UK card payments now contactless

Go contactless

According to the UK Cards Association, a trade body for the country’s card payments industry, a quarter of all card transactions are now made via contactless in the UK. 325 million purchases, altogether worth £2.9 billion, were made using contactless debit and credit cards in November 2016.

MDM Bank launches single-tap mobile payments; OpenWay provides tech

mobile-contactless

One of Russia’s major banking players, MDM Bank, has rolled out a single-tap Mastercard Contactless mobile payments option. The service is underpinned by the WAY4 Host Card Emulation (HCE) technology from OpenWay. MDM Bank’s customers can now pay from their Mastercard account with no need to enter a password or PIN code or even activate […]

Android Pay now in the UK; Australia and Singapore are next

Android Pay is now in the UK

Android Pay is now available in the UK, and more countries are on the way. Banking Technology first reported on this initiative in March this year. UK consumers can now pay for goods and services with their Android smartphones. Retailers like Boots, Waitrose and Starbucks are already onboard, and so is Transport for London (underground, […]

Consumer payments: the contactless landscape

Nick Kerrigan, Barclaycard

Nick Kerigan, managing director of future payments at Barclaycard, lends his expert view on the changing consumer payment landscape and maps the journey to contactless card payments and beyond. Kerigan leads the team that looks at payment and competitor intelligence, and is responsible for driving innovation across Barclaycard. Last year was a milestone in UK […]

Challenger banks must strike the right balance between mobile and card

Paul Underwood, Thames Card Technology, calls on start-ups not to get too carried away with NFC

NFC mobile payments continue to grab headlines, but to really drive uptake and ensure full market coverage, combining contactless cards with next-gen mobile banking apps is surely the right way to go for 2016’s challenger banks, says Paul Underwood, MD of Thames Card Technology. Much has already been said about the opportunity for challenger banks to […]

Small financial institutions must face the mobile challenge

King: state-of-the-art security for payments

As contactless and mobile payment methods continue to grow, building societies and other financial institutions need to avoid being complacent about new technology, according to senior delegates speaking at the BSA annual conference in Manchester this week.

Contactless cards set to reach quarter of a billion next year

Contactless payments have been boosted in the UK by London buses

The number of contactless payment cards being used globally next year is set to reach 249 million, according to a new report by Juniper Research.

@banking
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