ADN’co Payments Insight – November 2014

Apple Pay, but not only…

• FRANCE – Visa prepares an HCE-based mobile contactless payment app . Tests would be scheduled to start in March 2015 with the help of four French banks.

Visa undertakes every battle: in addition to supporting Bankinter’s HCE-based contactless service in Spain and Apple Pay, they would pioneer in France with these new tests.

Payments data security: card schemes put their foot down

• UNITED STATES – American Express launches American Express Token Service, a tokenisation platform for all kinds of transactions.
• INTERNATIONAL – MasterCard and Visa are crafting e-payments authentication-dedicated standards. Together they would focus on interoperability to propose other alternatives than 3 D Secure, for instance.
• CANADA – MasterCard supports Bionym in developing their payment bracelet, Nymi. This biometric solution is being tested with the Royal Bank of Canada.

As a reaction to merchants’ expectations, new solutions and standards are being developed under the impulsion of card schemes.

The retail sector has been affected by recurring data breaches lately and now stands on shaky grounds. Under these circumstances, global EMV migrations and tokenisation are fairly well perceived.

Biometric solutions are also designed to meet these needs; they are all the more relevant that they are viewed as viable and easy to use alternatives to replace outdated systems…

Means of payment adjusting to crowdfunding platforms’ needs

• UNITED STATES – MasterCard unveils a prepaid card meant for the members for a crowdfunding platform, allowing them to store and spend the amounts they earn from other users.

Paylib: the rise of an interbank solution

• FRANCE – The Crédit Agricole group joins Paylib and leaves Kwixo behind. Its customers will be able to use Paylib by next year’s fall.

More concentration on the mobile payment market as partakers in the competition merge their offers to aim for a wider public.