Enabling Technologies

Has Google Given Up on Google Wallet?

Google is changing the requirements for Android certification. According to various sources, the company is adding new stipulations for Android devices from at least 20 devices manufacturers (including Samsung, LG, HTC and Lenovo), that make it necessary for them to use Google services like search engine and the voice assistant...

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BankTech

Android Market Share at 85% Bodes Well for HCE

Host Card Emulation (HCE) technology support is growing by leaps and bounds. Since it was introduced in the KitKat version of Android Operating System, HCE support in smart phones has been growing in a steep curve. Last month Google released new usage numbers showing that 25% of all smart phones...

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Cards

Payments via Facebook Messenger might become a Reality soon

Andrew Aude, a Stanford computer science student, recently made revelations about payments as an in-app feature in Facebook Messenger. He used an iOS app exploration developer tool called Cycript to capture some screenshots and a video, which suggest how the payment feature would actually work when made public. In addition,...

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Payments

Yodlee Raises $75 Mn through IPO

Yodlee, known for enabling consumer financial apps, raised $75 Mn through an initial public offering in the past week. The offering has been priced at $12 per share making the company valuation at about $340 Mn. The IPO is being run by Goldman Sachs, Credit Suisse and Bank of America...

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Blockchain

How can Crypto-currencies achieve Mainstream Adoption?

Contrary to what many people think, Cryptocurrencies offer many advantages over other mainstream payment mechanisms. They: Eliminate the need of a bank account Require very little participation of the users Don’t require an expensive technology infrastructure upgrade Can run on smartphones and other low cost devices Subway, Latin House Grill Burger...

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News

Samsung Launches NFC Payments in China

Samsung, the world’s largest handset manufacturer, announced its partnership with one of the largest card players in China, UnionPay. The two parties will work together to launch an NFC payment service for Samsung’s handset users in China. For existing UnionPay users, the service is available with immediate effect, and they...

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Commerce

UK Enters a New Era of Carrier Billing

Placing the transaction of goods and services on monthly wireless bills is becoming a very competitive market in the US and across the world. Direct carrier billing is not only confined to being the payment method for commodities bought online, but is also making its presence felt in offline payments....

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News

Gemalto & China Mobile to Launch NFC Transit Payments in Beijing

China mobile has partnered with Gemalto to launch its much anticipated UpTeq NFC Multi-tenant SIM, that will protect customer data used for contactless applications. The campaign will be launched soon, beginning with the mass transit service in Beijing. Gemalto will pre-load the SIMs with the transport app and will enable...

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