Tag Archives: contactless payments

Mobile contactless payments hits £370 million in first half of 2017

Contactless spend has now reached £9 billion across the same period. In comparison contactless payments hit the £10 billion mark for the whole of 2016

Mobile contactless transactions have topped £370 million in the first six months of 2017, a 336 per cent year-on-year surge.

This is according to debit and credit payment processor Worldpay. In the UK contactless spend has now reached £9 billion across the same period. In comparison contactless payments hit the £10 billion mark for the whole of 2016.

Contributing to the numbers was the launch of Apple Pay in 2015 and further fuelled by Android Pay in 2016, followed by Samsung Pay in May.

According to Worldpay contactless payments “has begun to gain widespread acceptance beyond early adopters”.

Monthly spending on mobile devices has risen 57 per cent in the last six months, £46 million was spent in January which rose to £74 million in June.

Spending on all forms of contactless systems now accounts for 38 per cent of all non-cash transactions in the UK.

Cutting up cards

Worldpay UK chief marketing officer James Frost (pictured) said: “Mobile spending has shaken off the novelty tag, and is breaking its own spending records virtually every month.

“Granted there’s still some way to go before we start cutting up our cards and chucking away our wallets, but it’s easy to see why everyone from start-ups to tech giants is eager to have a stake in the technology.

“We’re now seeing pockets of incredible growth in mobile adoption right across the country with the South East of England accounting for 15 per cent of total spend and the North West making up 10 per cent.”

Source: Mobile News

moovel Powers Landmark Mobile Smart Card Account Management Platform

moovel

Hop Fastpass™, powered by moovel, provides Portland-area riders with the ease of tap-and-pay contactless technology that can be conveniently managed from a smartphone

moovel North America, the leading provider of public transit mobile ticketing and fare validation solutions, today announced the availability of Hop Fastpass™, a mobile smart card account management system that allows transit riders in the Portland-Vancouver region to use contactless, cloud-based payment technology to pay for trips on TriMet and C-TRAN buses, Portland Streetcar, MAX Light Rail, WES Commuter Rail and C-TRAN Vine.

Hop Fastpass is the second mobile smart card account management platform in the country, and the first on the West Coast. Both were created by moovel and combine the power of mobile account management with contactless payment technology. Riders can reload their Hop Fastpass cards from their mobile device and enjoy the benefits of mobile digital account management, such as daily and monthly fare capping, stored value, auto-load, and loss prevention. moovel technology also powers the Hop Inspector application system, which enables transit police and fare inspectors to instantly confirm mobile ticket and Hop card payments.

“TriMet is committed to ensuring the best user experience for all our riders, whether they are taking the streetcar, train, or bus. Hop Fastpass makes it faster and easier to use transit by simply tapping every time a rider boards,” said Tim McHugh, chief information officer at TriMet. “We’re excited to continue our relationship with moovel and look to build on the great success we have already achieved together.”

Hop Fastpass users will enjoy the following smart card account management benefits:

  • Daily and monthly ride savings (fare capping) – Riders get the savings of a day or month pass without the upfront cost with automatic fare caps. Once they use the Hop card or smartphone app for two trips—more than 2½ hours apart—in one day and earn a day pass, the rest of that day’s rides are free. When riders reach the cost of a month pass, the rest of the rides that month are free.
  • Auto-Load & Mobile Purchasing Capabilities – Passengers can load value or schedule automated stored value top-ups on their moovel powered Hop Fastpass App, the Hop Fastpass website, or the Hop Fastpass hotline. Payment options are also available at more than 100 retail locations. In the spring of 2018, Hop Fastpass cards and reloading will be available in more than 500 retail outlets.
  • Loss Prevention & Account Management – Hop Fastpass users can log into the Hop Fastpass app or website to manage multiple cards at-a-glance for their family or a group, see trip and transaction history and deactivate/reactivate a lost or stolen card.
  • Closed and Open Loop Payment Enablement – Hop Fastpass riders simply tap their card to a fare reader every time they board or transfer to draw from closed loop stored value. Coming soon, riders can also pay their fare with Android Pay, Samsung Pay and Apple Pay directly from their smartphone.
  • Fare Inspection – moovel’s Hop Inspector system allows fare inspection personnel and transit police to verify a rider’s valid fare payment using Hop Fastpass cards, smartphone with mobile wallets connected to bank cards, QR codes from the TriMet Tickets app and limited use Hop tickets.

“I am proud of moovel’s accomplishment as the first- and second- to market with mobile smart card account management technology for public transit. Hop Fastpass combines the power of our award-winning mobile ticketing app with advanced tap-and-pay contactless technology,” said Nat Parker, CEO of moovel North America. “Fare systems must evolve alongside rider preferences and technology innovation. Our devotion to both is why riders around the world use moovel apps to book and pay for one mobility service every two seconds.”

Hop Fastpass is the most recent technology innovation amongst the long time public-private transit innovation partners. In 2012, moovel built the TriMet Tickets app, which won an AdWheel award in 2014 from the American Public Transit Association.

About TriMet
TriMet provides bus, light rail and commuter rail service in the Portland, Oregon region. Our transportation options connect people with their community, while easing traffic congestion and reducing air pollution — making our region a better place to live.

About moovel N.A.
moovel N.A. LLC, a part of moovel Group GmbH, enables seamless multimodal experiences and connected transit commerce through mobile applications. moovel is the leading North American provider of mobile ticketing applications that allow riders to book and pay for public transit tickets via their smartphone. Led by CEO Nat Parker, moovel is headquartered in Portland, OR. For more information, please visit www.moovel-transit.com/en.

About moovel N.A.
moovel N.A. LLC, a part of moovel Group GmbH, enables seamless multimodal experiences and connected transit commerce through mobile applications. moovel is the leading North American provider of mobile ticketing applications that allow riders to book and pay for public transit tickets via their smartphone. Led by CEO Nat Parker, moovel is headquartered in Portland, OR. For more information, please visit www.moovel-transit.com/en.

moovel Group GmbH, was founded by Daimler AG, the maker of Mercedes-Benz, with the global mission to find solutions for the disconnected and ever-changing state of urban transportation and to discover how new technologies will affect the way we’ll move tomorrow. Being a part of Daimler Financial Services AG, moovel Group GmbH is headquartered in Stuttgart, Germany, and led by Global CEO Jörg Lamparter. For more information, please visit www.moovel-group.com.

Source: Moovel

Rio de Janeiro launches Gemalto contactless transport ticketing wristband

 Pioneering initiative by RioCard simplifies payments and improves public transportation

Gemalto  the world leader in digital security have announced a collaboration with RioCard, Rio de Janeiro’s public transportation ticketing operator, to implement contactless transport ticket wristbands. When fully implemented, the solution will simplify secure payments and improve convenience ensuring smoother travel in any mode of transportation (bus, ferry, subway and train) for more than 10 million residents[1] and visitors to Brazil’s second largest city.With Brazil and Rio de Janeiro preparing to host the most important sport events in the world, the RioCard contactless transport wristbands are one of the major innovations being introduced to improve the infrastructure in preparation for 500,000 expected foreign visitors[2]. With a simple wave of their wristband near the contactless readers already deployed throughout the city, the solution is expected to increase use of public transportation, transactions speed and simplify travel logistics, building a foundation for simple and secure contactless payments long after the event fanfare concludes.

Gemalto is supplying RioCard with its waterproof Celego Contactless wristband and its Celego Contactless Sticker both embedded with a contactless chip from Gemalto and certified by Visa and MasterCard enabling all the secure functionalities of traditional contactless EMV cards. Contactless transit cards were first adopted by RioCard in Rio de Janeiro in 2003 and they are now a part of daily life for millions of users.

“The new RioCard wristbands support our goal to create a more convenient and secure travel experience for all residents and visitors to Rio de Janeiro,” said Cassiano Rusycki, CEO, RioCard. “The success of recent contactless projects with Gemalto, like the Lille project in France and Visa’s wearable wristband in Brazil have motivated this solution which builds a technological legacy enabling streamlined transportation and improved peace of mind for travelers.”  

“Gemalto’s expertise in implementing contactless payment systems has allowed us to stay ahead of the curve in delivering successful wearable and sticker solutions,” said Rodrigo Serna, President for the Americas at Gemalto. “Gemalto has worked with RioCard implementing a pilot program in 2013 that leveraged its NFC SIM card technology, allowing people to use their mobile phones as RioCard contactless transit cards. Together, RioCard and Gemalto are at the forefront of the wearable payment trend which is expected to grow more than six-fold reaching 126 million devices by 2019[3].

[1] http://www.citymayors.com/statistics/largest-cities-population-125.html

[2] http://www.ritz-g5.com/brazil-expects-tourism-boost-from-olympics-2016/

[3] http://www.idc.com/getdoc.jsp?containerId=prUS25519615

Source: Gemalto

Dipjar Raises Funding For A Tip Jar Where You Pay With Plastic, Not Spare Change

 The move to a more “cashless” society has not been without its victims – namely, those whose incomes relied on the spare change and small donations that once came from customers emptying their pockets, but are now locked up in digital bits and credit card swipes. The lowly tip jar today often sits empty, as few carry around the quarters and dollars with which to fill it. A company called DipJar wants to change that, and has now raised a $420,000 seed round to scale production of its hardware.

The round was led by Project 11, the new fund from Bob Mason, Brightcove founder, and Katie Rae and Reed Sturtevant, former Techstars Boston directors. Other angels in the round include Will Herman, Warren Katz, Joe Caruso, Mike Dornbrook, Bill Warner, Scott Heller, and others.

The New York-based company, currently incubated by the Bolt accelerator in Boston, was founded by CEO Ryder Kessler, a former director of strategy at New York cab-sharing startup Bandwagon and VP of Sales Jordan Bar Am, previously of McKinsey, and the co-founder of fruit importer Oke USA.

Kessler said the idea occurred to him simply because he began to “feel like a jerk” at one of his favorite coffee shops which only offered tipping via a cash-only tip jar.

Not only was everyone paying with plastic these days, reducing the tips overall, the baristas there also confided in him that they would rather the store stay empty since there was no financial upside to an influx of customers.

The problem with the reduction in cash-based tips means lower-income workers or those who once depended on a tip-based boost to their salaries, would likely turnover faster as they exited to try to find better-paying jobs, Kessler realized. That’s bad for the businesses who would then have to incur more training costs, and, ultimately, the turnover could affect customer service, too.

DipJar_FrescoBaristas, of course, aren’t the only ones affected by customers’ disappearing cash. Deli workers and sandwich makers, ice cream scoopers, coat checks, valets, barbers and hairstylists, hotel housekeepers, and more also once relied on handfuls of dollars customers gave to them, whether by hand, placed in tip jars, or left in envelopes.

Though customers are now paying by credit or debit, they’re not always getting receipts, or getting those that do don’t necessarily have a line to enter a hand-written tip, because business owners don’t want the hassle of accounting for the extra funds and distributing those back to their employees.

This is what the DipJar, as it’s called, aims to solve.

How It Works

The company began building custom prototypes of the DipJar tip jars, and rolled just under two dozen out to New York-area businesses and charity groups starting back in summer 2012. One recent adopter of the technology is the Central Park Conservancy which used the DipJar to raise funds from those attending a film festival, and now plans to roll it out to visitor centers.

DipJar_Dos TorosCurrently, the DipJar’s hardware involves off-the-shelf parts, but with the funding, the company is working to scale up to mass production.

The unit itself is basic: inside the jar is a standard credit card reader, and not much more. The customer inserts their card and pulls it out to swipe, and the jar will automatically deduct a pre-configured amount (as determined by the business).

Just as important, the act of swiping makes a loud “change clinking” sound so the employee will know you’ve tipped. That will save you from one of those awkward Seinfeld situations (remember George Costanza reaching back into the tip jar because he wanted to make sure he got credit for having done the deed?). Kessler also says version 2 will include a light array as well, along with other refinements, to help encourage and notify other customers and staff of the tips being processing.

The funding will be used to grow the team of two to 4 or 5 over the next few weeks, and further develop the software for businesses that will allow merchants to enter in employee information and track tipping as a metric of customer satisfaction, if they choose. The team is also working to automate the payouts to employees, which are currently distributed by check every two weeks. And, of course, the hardware is being improved to make it a scalable solution.

The team is also gearing up to be ready when the shift to EMV takes place, or if Apple Pay helps push NFC adoption into the mainstream, says Kessler. “We already own the trademark for ‘TapJar,’” he notes regarding the latter.

Dipjar_Central ParkKessler won’t detail the cost to produce the jar today, or how much it will sell for, explaining that the company has been exploring several business models, including monthly pricing, upfront pricing, and pricing by volume. Similarly, it’s too early to disclose metrics of the DipJar’s impact on increasing tips, he says, since those can vary wildly by business and the DipJar only has a handful of customers today.

However, he would tell us that the DipJar hasn’t cannibalized cash tips, from what they’ve seen. “The DipJar brings in new money for the recipients,” he says.

Plus, he adds, though the team was planning to run short 3 to 6 month tests, “no one wanted to give it back…that speaks to the success of the product.”

Source: Dipjar

 

MasterCard Launches New Program that can Turn any Consumer Gadget, Accessory or Wearable into a Payment Device

 

Famed Designer Adam Selman, Capital One, GM, Nymi, Qualcomm, Ringly and TrackR Among First to Join

MasterCard will showcase prototypes with launch partners at Money 20/20

MasterCard today introduced a new program that will bring MasterCard payments to a wide array of consumer products across the automotive, fashion, technology, wearables, and yet to be imagined categories. The program gives consumers the freedom to shop using the device or thing that is most convenient to them, with the highest level of security available.

The program will launch with the support of several marquee partners across multiple verticals to fit every lifestyle need. Designer to the stars Adam Selman, automaker General Motors, wearable technology innovator Nymi, smart jewelry company Ringly, and Bluetooth locator TrackR are among the prominent consumer brands enabling their products through the program.

Exclusive designs from Adam Selman and prototypes from GM (key fob), Nymi (wristband) and Ringly (ring), will be on display at the Money 20/20 conference in Las Vegas this week and are showcased in this video.

 

The Internet of Things (IoT) – the hyper-connected world where every device from the phone to the washing machine will be connected to the Internet – is transforming the way consumers interact and transact. According to Cisco, there will be 50 billion connected devices by 2020. MasterCard is establishing the program as the foundation to enable payments for IoT.

The program is an extension of the MasterCard Digital Enablement Service (MDES) and the Digital Enablement Express (Express) program, and brings to fruition the vision that every device will be a commerce device. Through MDES and Express, any accessory, wearable or device can be payment-enabled and quickly scaled to millions of MasterCard accounts.

“As more and more ‘things’ become connected, consumers will have endless possibilities when it comes to how they pay, and will need all of their devices to work seamlessly together,” said Ed McLaughlin, Chief Emerging Payments Officer at MasterCard. “This program eliminates the boundaries of how we pay by delivering a secure digital payment experience to virtually anything – rings, fitness and smart bands, car key fobs, apparel, and whatever comes along next.”

MasterCard partners with designer Adam Selman to design the next generation of payment wearables. The payment-enabled dress and accessories are modeled by Kelly Rohrbach.

Technology and Issuer Partners 

As part of the program, MasterCard worked with NXP and Qualcomm Incorporated to develop technology that makes it simple to enable secure payments on virtually any device or accessory.

Capital One is the first issuer to embrace the program and will leverage Express, enabling them to expand to a whole new category of devices. The Capital One Wallet will authenticate the users to provide strong security for provisioning and managing tokens. It also includes enhanced real time transaction notifications identifying the device used in each transaction. Capital One is one of many issuers with tens of millions of MasterCard credit and debit accounts already participating in MDES.

The launch of the program puts in place a standard for expanding secure contactless and embedded payment options globally. Products will begin rolling out in 2016 in the U.S., with plans to expand to other markets. 

About MasterCard
MasterCard (NYSE: MA), http://www.mastercard.com, is a technology company in the global payments industry. We operate the world’s fastest payments processing network, connecting consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories. MasterCard’s products and solutions make everyday commerce activities – such as shopping, traveling, running a business and managing finances – easier, more secure and more efficient for everyone. Follow us on Twitter @MasterCardNews, join the discussion on the Beyond the Transaction Blog and subscribe for the latest news on the Engagement Bureau.

Partner Quote Sheet

Read why our launch partners – including Adam Selman, Capital One, General Motors, NXP, Nymi, Qualcomm, Ringly, and TrackR — support our program to enable any device to make payments.

Adam Selman, fashion designer:

“Technology is vital to the fashion industry, from textiles, printing techniques, and innovations in garments, it keeps fashion changing and evolving. Usually technology’s role in fashion is behind the scenes. What sets the MasterCard program apart is that it features the technology, while still remaining invisible, yet interactive and totally functional with the wearer. It’s exciting to be part of a project that is creating something new and fresh. At the end of the day, that’s what fashion is all about.”

Tom Poole, managing vice president, Digital Payments at Capital One:

“We are always looking for new ways to enhance the consumer payment experience, by offering tools and pioneering technologies focused on ecommerce and mobile accessibility. We are excited about the potential this new initiative and other new payment options hold as we work to offer more choices to help make our customers’ lives easier.”

Tom Grekowicz, senior manager, GM Rewards Card:

“Vehicles are becoming more connected and this will enable our customers to maximize their connections to all aspects of their lives, including new and easier ways to pay for goods and services. This partnership with MasterCard will help us learn more about our customers’ preferences and how we can best serve them.”

Jeff Miles, vice president of Payments at NXP:

“By integrating our loader service into MasterCard’s ecosystem, we’re providing OEMs with a simple method to quickly deploy secure payments in new mobile and wearable devices. Just as mobile payments have removed the traditional barriers in commerce for consumers, this partnership will remove barriers for OEMs, making it far easier to rapidly deploy new technologies with secure payment capabilities.”

Karl Martin, founder and CTO of NymiTM

“MasterCard’s initiative is a natural fit with Nymi’s vision of seamless and secure user experiences. Commerce is no longer restricted to stores, whether they be brick and mortar or online. The Nymi Band offers a new interface for secure authentication that can be applied to a broad range of experiences, enabling commerce anytime, anywhere. The next generation of integrated experiences is about ease and delight, where security can simply be assumed.”

Dr. Conroy Cormac, vice president, product management, Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated:

“The digital payments space is in the midst of a dramatic transition in the industry. We are delighted to be working with MasterCard to accelerate this transition across mobile, automotive, and IoE platforms and bring end-to-end connectivity for issuers, retailers, and service providers. We are collaborating to bring MasterCard Tokens across a range of smart wearable devices based on Qualcomm Snapdragon chipsets and technologies.”

Christina Mercando d’Avignon, founder and CEO of Ringly:

“We created Ringly to keep women connected to the people, messages and notifications that are important to them. Through our partnership with MasterCard, Ringly will not only be able to keep people connected, but will provide another layer to how our customers can use their jewelry while on the go. Our mission is to make women’s lives more manageable through beautiful jewelry and discreet technology.”

Christian Smith, president and founder, TrackR:

“Our goal with TrackR is effortless organization. This is another example of how TrackR can simplify daily tasks, whether it’s finding your misplaced keys or paying for your coffee.”

Source: Mastercard

Vodafone Wallet enables contactless payment


vodafone visa

Following agreements with Visa and Carta Worldwide, bank card payments via Vodafone Wallet will be enabled in European markets from the second quarter of 2015, the operator announced.

This means customers will be able to add bank cards to their Vodafone Wallet and use smartphones to pay for goods and services at contactless terminals, as well as checking their mobile payment transaction history.

This service, which requires a Vodafone NFC SIM, will be supported on a range of Android smartphones.

To use the service, customers will need to input their bank card details to the Vodafone Wallet app, where an alias of each card will be stored securely in the Vodafone NFC SIM.

Ownership of the card will be authenticated using ‘Verified by Visa’.

Payments will be automatically debited from the selected bank cards, protected with a user-defined 4-digit PIN for higher value payments.

According to Brian Semkiw, CEO of Carta Worldwide, which partnered with Vodafone to provide the payment card enabling technology, the company’s “next generation platform is built to provide the highest security and reliability standards. At the same time, the flexibility of our platform has allowed us to develop this innovative service with Vodafone in record time”.

Vodafone Wallet is currently available in Germany, Italy, Netherlands, Spain and the UK.

Customers can already add loyalty cards into the Vodafone Wallet, as well as pay with Vodafone SmartPass, which was launched in partnership with Visa in 2013.

Source: Mobile World Live

Asia Pacific leads the way with NFC payments

The Asia Pacific region will account for the largest share of spending via mobile-paymentsNFC-based smartphones in 2020, according to Strategy Analytics.

The region will be ahead of North America (31 per cent) and Western Europe (21 per cent), said the study.

Total spending via NFC phones will hit $130 billion by the end of the decade, says the survey. It forecasts 254 million mobile users will make, on average, five payments per month with an average spend of $8.8 per transaction.

Interestingly, despite the research firm’s positive outlook, NFC-based payments will still account for only a single digit share of the global retail sector by 2020.

The momentum behind mobile payment growth comes from Apple Pay, a push by payment networks (American Express, Visa, MasterCard) to drive NFC-enabled terminals and growing signs of consumer interest.