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Apple Pay launches in the UK

Cashless Payments, NewsBy SMI 14/07/2015

From today more than 250,000 shops across the UK will begin accepting Apple Pay payments, including Boots, the Post Office, Marks & Spencer, Waitrose and London’s transportation network Transport for London (TfL). Users of Apple’s NFC enabled devices can now use them to make contactless payments in retail stores as well as in-app and online…

MasterCard to use authenticating biometric “selfies”

Cashless Payments, News, TechnologyBy SMI 06/07/2015

A report by news channel CNN-Money has announced that MasterCard will begin to trial the use of biometric payment authentication by approving online purchases with facial scanning. Customers will be able to scan their faces using their mobile phone’s camera – commonly referred to today as a “selfie”. The reason behind this innovation is simple:…

Mobile payments encourage tipping

Cashless Payments, NewsBy SMI 26/06/2015

An article by American news channel CNBC reports of an increase in tipping within some service businesses since the introduction of mobile payments. Restaurants are reporting that they have seen an increase in the percent value which has been given as a tip when paying for their meal since they installed mobile payment systems within…

Vodafone’s M-Pesa launches in Europe

Cashless Payments, NewsBy SMI 01/04/2014

Vodafone’s Money Transfer, commonly known as M-PESA, is a highly successful money transfer service which has arrived in Europe after being launched in Romania yesterday. The service enables users who do not have a bank account, or limited access to one, to send and receive money, top-up air time, make bill payments and make a…

Fortumo Brings Mobile Payments to Indonesia

Cashless Payments, NewsBy SMI 12/12/2013

On the 10th December Fortumo, a mobile payments provider, launched mobile operator billing in Indonesia. Founded in 2007, Fortumo is “the most developer-friendly mobile payments provider”, enabling developers to earn money from users who purchase their apps and games which are charged to the users’ mobile phone bill. Indonesia is the fourth largest country by…

ECB issues recommendations for secure mobile payments

Cashless Payments, NewsBy SMI 02/12/2013

The European Central Bank (ECB) has warned that mobile payment technology currently used by smartphone operating systems represent a security risk as customers increasingly adopt mobile payments for their day to day purchases. As previously reported, mobile phone payments are growing rapidly as smartphone technology becomes more widely available and as consumer trust in the…