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Secure Transactions News

Some news from the Secure Transactions Industry are here. A lot more are in Smart Insights Weekly.

China UnionPay expands in Asia

Thursday 20 October 2016

China UnionPay announced its chip card technology licensing cooperation with seven members of the Asian Payment Network (APN). Major switch networks in Singapore, Thailand, South Korea, Malaysia, Indonesia and the Philippines will adopt UnionPay chip card standard in card acceptance and issuance.

US EMV migration adoption rates disappoint

Thursday 13 October 2016

According to a survey conducted by The Strawhecker Group (TSG), 44% of US card-accepting merchants have EMV terminals. TSG also found that only 29% of US merchants are actually able to accept chip-based transactions. Not all merchants have activated EMV POS systems despite having them in place.  

Google launches its new smartphone: the Pixel

Thursday 13 October 2016

Google has announced multiple additions to its product lineup, including its new Pixel smartphone, its new Google Assistant, new offers for connected home and Daydream View VR headset, among others.

Oberthur to acquire Morpho (Safran I&S)

Thursday 6 October 2016

The suspense is over! Safran announced having received from Advent International a firm and irrevocable offer to acquire Safran's Identity and Security (I&S), previously known as Morpho, activities (cf. Smart Insights Weekly #16-39) and having entered into exclusive negotiations on this basis.

Apple Pay and Samsung Pay land in Russia

Thursday 6 October 2016

Apple Pay launched in Russia on October 4th, 2016, according to Vedomosti

Earlier, on September 29th, 2016, Samsung Pay has also launched in Russia.

Invisible payments to account to over 25% of all ePayments by 2021

Thursday 29 September 2016

Intelling published a new Smart Insights Report “Invisible payments key to omni-channel commerce” that conducts a detailed analysis of this emerging market segment – invisible payments.

Oberthur, Gemalto said to bid for Safran Biometrics arm

Thursday 29 September 2016

Safran is selling its biometrics and secure transactions business (cf. Smart Insights Weekly #16-27) and is expected to close the deal by the end of the month, according to a new Reuters report.

Cubic to launch TfL’s open loop ticketing system abroad

Thursday 22 September 2016

Transport for London (TfL) has announced its contactless ticketing system is set to be used by other major cities across the globe as part of a deal worth up to GBP 15 million (EUR 17.5 million). TfL signed a deal with Cubic Transportation Systems (CTS), a business unit of Cubic Corporation, allowing them to adapt the capital’s contactless ticketing system worldwide. It is the first of a number of planned agreements to sell TfL’s expertise both at home and abroad. 

Softbank agrees EUR 28.8 billion acquisition of ARM

Thursday 22 September 2016

Japanese technology company SoftBank Group Corp. is buying Britain's ARM Holdings for EUR 28.8 billion. The bid represents a 43% premium to the ARM share price at close of trading on Friday last week and the ARM board has recommended shareholders accept it.

 

The recommended cash deal underlines the desire of SoftBank, which also owns struggling US telecommunications company Sprint, to expand in the "Internet of Things".

France’s fraud payment losses decrease in 2015 to EUR 225 million

Wednesday 13 July 2016

According to The Observatory for Payment Card Security’s “2015 Annual Report,” fraud losses on transactions conducted in France fell for the second year running, declining from EUR 235 million (representing a fraud rate of 0.043%) in 2014 to EUR 225 million (0.040%). And for the first time since the Observatory was established in 2001, fraud decreased in France across all three major transaction categories, namely point-of-sale (POS) payments, withdrawals and card-not-present (CNP) payments.