RBC's Latest Project: Carrier-Agnostic Mobile Payments
The Royal Bank of Canada, an early adopter of wearable technology, is adding host card emulation (HCE) technology to the RBC Mobile App, enabling Android smartphone users to make contactless mobile payments through any carrier.
Linda Mantia, executive vice president of digital payments and cards at RBC.
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Apple is planning to take its new mobile payment system into the U.K. and other parts of Europe in the coming year, though its current fee structure for banks may not be as easy to export. more »
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Card issuing and acquiring software provider OpenWay is partnering with People's Bank of Kazakhstan to deliver the first chip-based UnionPay cards in Central Asia. more »
Dan O'Malley, chief operating officer for Mozido.
White-label mobile payments and commerce provider Mozido LLC has acquired mobile wallet provider CorFire, which developed mobile wallets for retailers like Dunkin' Donuts, to fuel its global expansion. more »
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A South African company called FlickPay wants to win over the country's retailers with a flexible fee structure for offering deals and loyalty programs through its smartphone app, but it operates in an increasingly crowded mobile payment market. more »
Barclaycard's payment-enabled wool glove.
Rather than try to change consumers' behavior, Barclaycard is acting on research it conducted of 2,000 consumers who told the U.K. issuer what type of wearable payment device they'd prefer. Their preference: gloves. more »
Image: Bloomberg News
Global Payments Inc., based in Atlanta, Ga., has partnered with Bank of the Philippine Islands (BPI) on a joint payment service and merchant acquisition venture. more »
MBNA Ltd. is working with MasterCard Inc. to test the MasterPass digital wallet in the U.K., with plans for a possible launch in early 2015. more »
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The global ATM market will reach $21.9 billion by 2020, according to a new study by Allied Market Research. more »
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UnionPay International, a payment subsidiary of China UnionPay based in Shanghai, has partnered with foreign cultural icons to promote its brand as UnionPay looks to expand its payments business globally. more »
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MasterCard has expanded its digital wallet reach in Europe through separate deals in France and Russia and by granting a license to Smartlink SA to white-label MasterPass. more »
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All over the world, consumption is undergoing a major shift. Consumers no longer need to choose between local specialty goods produced within their own communities or mass produced products manufactured abroad. more »
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Security vendor Retail Decision Plc (ReD) is working with First Data to deter card-not-present fraud in Mexico. more »
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