Visa to Put a Credit Card in Everything
Visa today announced Visa Cloud Payment Solutions, a tool that device makers can use to add mobile payments capabilities to their hardware. Visa claims the Cloud Payment Solution will reduce fraud because it replaces the standard 16-digit credit card number with a digital token. The token can be built securely into smartphones, tablets, wearables, and appliances so consumers can make wave-, scan, and click-to-buy payments virtually anywhere. The tokens negate the need to share personal credit card data; can be restricted to specific merchants, devices, or types of purchases; can be easily replaced without changing account numbers; and can be processed easily by merchants and retailers. Visa has been forging ahead aggressively to enable mobile payments via mobile devices. Portions of the Visa Cloud Payment Solutions toolset are available beginning today, though the full set won't be available until January 2015. Visa plans to launch an extended Developer Center in early 2015 with all the related SDKs, APIs, specifications, and guidelines.
Google Launching Android Pay Today
Google said it is making Android Pay, its reborn mobile payment service, available to Android handsets beginning today. The app will be pushed to small batches of users over the next week, according to Google.
Samsung Pay Launches In the US
Samsung today made its mobile payment service, Samsung Pay, available to U.S. consumers.
Android Pay Rings Up Chase In the US
Google today said Chase has agreed to support Android Pay on Android smartphones and other devices. Starting immediately, Chase customers can add their eligible Chase Visa debit/credit card to Android Pay and make tap-and-go payments wherever Android Pay is accepted.
Capital One Adds NFC-Based Payments to Android App
Capital One today added tap-and-go mobile payment powers to its Android application, independent of services such as Android Pay or Samsung Pay. Capital One cardholders can add their debit card or credit card to the Capital One Android mobile app and make secure payments anywhere contactless payments are accepted.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.