Payments Spectrum

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Sunday, 26 November 2017 | 7 Pages

Featuring : Visa Activation stand at the ‘Art-zavod Platforma’

To familiarize the Ukrainian youth (the Y generation) with the benefits of Visa, extending the service of contactless payments in cooperation with 5 most popular clients.

At the entrance to the territory the Priority Line for Visa cardholders was opened. Visitors could get a 50% discount on the entry ticket paying by Visa.
A Visa stand with contactless innovations was located next to the entrance, so that everyone was able to find out more information about Visa novelty, charge mobile devices on the contactless charging tables and even get a new contactless Visa card.

30 000 visitors


The new Opal: Cashless payments for trips set to be expanded.
The payment of public transport trips by using a credit card or mobile phone is expected to be expanded to Sydney’s ferry fleet as early as February, following successful trials on services between Manly and Circular Quay.

The likelihood of a quicker-than-expected rollout of electronic payment technology could open the way for the system to be expanded across Sydney’s public transport network by the end of next year.

Matt O’Sullivan | Clancy Yeates
The Sydney Morning Herald

NOVEMBER 27 2017 – 12:15AM

QR code wars: Hong Kong’s Octopus targets shoe shiners with e-payment system.
Competition from mainland giants like Alipay and WeChat Pay means city’s pioneer in electronic transactions has to keep up with mobile scanning method.
Shoe-shining stalls in Hong Kong’s bustling business hub, Central, have emerged as the next industry targeted by electronic payment service providers, as a local operator seeks to fend off rising competition from mainland Chinese giants. Octopus, the smart card operator which has dominated the Hong Kong market for the past 20 years, rolled out a trial on a new QR code feature several weeks ago, including a real-time online payment via phone widely used in mainland China.

Raymond Yeung
South China Morning Post

Saturday, 25 November, 2017, 3:03pm

Macy’s suffers payment processing problems during Black Friday shopping rush.
Macy’s Herald Square flagship opens doors on Thanksgiving Day for thousands of early Black Friday shoppers on Thursday, Nov. 23, 2017, in New York. Shoppers are hitting the stores on Thanksgiving as retailers under pressure look for ways to poach shoppers from their rivals. At Macy’s it was the deals like cosmetic and perfume sets from $10 to $20 as well as 40 percent off on boots and shoes that drew attention.
Macy’s department store chain drew the ire of Black Friday shoppers upon encountering problems processing payments during the year’s busiest shopping day.
Customers took aim at Macy’s on social media after reportedly suffering issues while attempting to purchase products online and in stores spurred by what several Twitter users described as a coast-to-coast outage.

By Andrew Blake
The Washington Times

Friday, November 24, 2017

Camden Market First to Offer WeChat Pay at the Point of Sale in the UK With SafeCharge.
LONDON, November 22, 2017 /PRNewswire/ — Chinese tourists & UK Chinese Community can shop and pay with their preferred payment method.

SafeCharge, a leading payments technology company, in partnership with Camden Market, a part of the Market Tech portfolio, has announced the ground-breaking integration of WeChat Pay, a widely adopted e-wallet payment solution in China. The iconic Camden Market, London’s fourth biggest tourist destination, is the first in the UK to make WeChat Pay available at the point of sale. Chinese tourists and the UK’s Chinese community will now be able to shop using their preferred payment method as the introduction of the payment system begins and WeChat is implemented in stages across Camden Market.

Cision PR Newswire

Nov 22, 2017, 02:00 ET

Hackers hit Uber in 2016: data on 57 million riders, drivers stolen.
CEO: “You may be asking why we are just talking about this now, a year later.”
In a public statement, Uber has announced that it sustained a massive data breach in 2016: 57 million customers’ and drivers’ names, e-mail addresses, and phone numbers were compromised. According to Bloomberg, no trip location info, credit card information, or Social Security numbers was taken.

Ars Technica

11/22/2017, 4:50 AM

Hike, Airtel Payments Bank tie up for mobile wallet.
NEW DELHI, NOV 22: Messaging and social technology service provider Hike has partnered with Airtel Payments Bank to power its mobile wallet. Through the partnership, Airtel Payments Bank gets access to over 100 million users on Hike and will begin powering Hike Wallet. The digital wallet has crossed more than 5 million transactions as of November, growing by over 30 per cent month-on-month.

The Hindu BusinessLine

(This article was published on November 22, 2017)

Payments by sound making waves in fintech space.
Chennai: Pay by Sound? After near field communication (NFC), the next technology that is set to shake up the payment space is ‘payment by sound waves.’ From big players like Google’s audio QR (quick response) app Tez to smaller startups like Bengaluru-based ‘ToneTag’— there is renewed interest in payments on EDC (electronic data capture) machines using sound waves.
So why sound waves? “It is for rural India. We wanted a technology that can work without internet, wi-fi or electricity. Our pods costs about Rs 650 and more than 35,000 merchants in India are using them. We have also been shipping our pods to the Middle East, Singapore, Phillipines, Cambodia and Malaysia,” says Kumar Abhishek, founder and partner, ToneTag.

Rachel Chitra | TNN
The Times of India

Nov 22, 2017, 04:00 IST

THE POINT-OF-SALE APP MARKETPLACES REPORT: How payments firms are upgrading their service offerings to meet evolving merchant demands.
In an increasingly digitized world, brick-and-mortar retailers are facing immense pressure to understand and accommodate their customers’ changing needs, including at the point of sale (POS).

More than two years after the EMV liability shift in October 2015, most large merchants globally have upgraded their payment systems. And beyond upgrading to meet new standards, many major retailers are adopting full-feature, “smart” devices — and supplementing them with valuable tools and services — to help them better engage customers and build loyalty.

Ayoub Aouad
Business Insider

Nov. 21, 2017, 5:09 PM

Just one password? Swiss groups plan single online identity.
CEO Markus Naef of Swiss Sign AG presents plans to launch a single digital identity for Swiss consumers during a news conference in Zurich, Switzerland November 21, 2017.
ZURICH (Reuters) – Swiss consumers will be able to use a single digital identity to buy online products and services under a project unveiled on Tuesday by nine big companies. The aim is to let people use just one login profile to order in shops, buy train tickets or do banking transactions, according to the consortium.

Reuters Staff

NOVEMBER 21, 2017 / 11:06 PM

Launching Pots!
Saving and managing your money should be as easy as possible, but we know that isn’t always the case. It’s the reason Monzo sends you instant notifications when you spend, to help you keep track of your outgoings easily. And it’s why we built Targets, to allow you to set monthly spending goals.

These tools are great for helping you understand your spending habits, and plan accordingly each month. However, there are also instances when you need to think about things a little further into the future.

Valerio Magliulo – Product Manager

Read more from Valerio

20 NOV 2017

Reports of the Death of Cash are Greatly Exaggerated
In the world of Apple Pay, Bitcoin, and Square, many believe that the days of cash are numbered.1 More payments are being made with a click, a tap, or a swipe, and it feels like we’re carrying fewer notes and coins than ever before.

But what do the data say? Are claims about the end of cash to be believed, or, like Mark Twain’s famous quip, are reports of its death greatly exaggerated?

Federal Reserve Bank of San Francisco

November 20, 2017

SBI to use blockchain for smart contracts and KYC by next month.
BENGALURU: India’s largest lender State Bank of IndiaBSE -0.79 % will roll out beta launches of blockchain-enabled smart contracts by next month, according to Sudin Baraokar, head of innovation, SBI. Blockchain-enabled Know Your Customer (KYC) will soon follow suit. These applications are part of BankChain, a community of 27 banks, which have joined hands to explore and build blockchain solutions for banking.

ET Bureau
The Economic Times

Updated: Nov 20, 2017, 07.25 PM IST

Will Cash Disappear?

Cash is unlikely to go away soon. Coins and paper currency remain the most popular ways to pay for things in most countries. But longer term, cash appears to be in a losing battle with electronic payment methods.
There are few corners of the world where electronic transactions are not growing faster than cash. The consulting firm Capgemini recently estimated that electronic payments will grow about 10.9 percent a year between 2015 and 2020.

By Nathaniel Popper, Guilbert Gates and Sarah Almukhtar
The New York Times

NOV. 14, 2017


NETS QR code payments at hawker

Worldpay Rethink Lisbon – Highlights P3

15 Things You Didn’t Know About VISA P4

Title Sponsorship with Masters Football P5

Just one second: What happens when
we pay?

Music Break | Barbie Army Anthem |
Mastercard Australia

Sunday, 19 November 2017 | 7 Pages

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