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National mobile wallet service launches in United Arab Emirates
The first nationally sanctioned mobile wallet solution for the United Arab Emirates has been launched. Emcredit, a fully owned subsidiary of the Dubai Economy, will launch empay, a secure mobile wallet and payment platform that offers all United Arab Emirates residents the ability to easily pay for a wide variety of goods and services using smart [...]
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LG launches delayed mobile payment system LG Pay
LG has managed to launch its heavily delayed mobile payment service dubbed LG Pay on Friday, June 2. The digital wallet will compete with other wallets like Samsung Pay and Apple Pay. According to the Korea Herald, LG revealed that it digital wallet is based on the Wireless Magnetic Communication technology, which will allow users to make payments [...]
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Apple and Visa hit with Apple Pay patent infringement lawsuit
Apple and Visa have been hit with an Apple Pay patent infringement lawsuit by Universal Secure Registry (USR), a small US company, that alleges their mobile-payment partnership infringes four of its patents. In a federal lawsuit filed in Wilmington, Delaware, USR said it sent Apple a series of letters in 2010 describing its patented technology and seeking a partnership [...]
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Study shows UK high street banks falling behind challenger banks
New research from FIS reveals that Britain’s challenger banks are outscoring their High Street counterparts in meeting their needs for digital payments, easy to understand and use products/services, innovative products/services and anywhere/anytime connectivity to their accounts. The research also shows the emergence of a new “Super Segment” of higher-income Gen Xers and senior millennials that share [...]
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The changing face of UK payments – Mobile payments and the rise of data
The UK Payments industry, along with the rest of Europe, is facing a raft of challenges in the near future, from the proliferation of alternative payment channels, increasingly demanding merchant end-user consumer expectations and the imminent implementation of open data regulatory standards set to unleash competition from FinTech upstarts. Mobile Four out of five UK [...]
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