Two giants in the payments industry are now working together – as well as competing – under a new agreement. J.P. Morgan Chase and PayPal mobile payments – two companies among the highest profile firms in mobile wallets – have announced a new partnership within their continuing competition. They have now developed terms for a new deal that they announced at the end of last week. This agreement expands the Chase Pay mobile wallet service reach from J.P. Morgan Chase. The Chase Pay service is a form of mobile wallet…
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EMVCo publishes new QR code standard for mobile payments
The payment standards body released a new publication to provide technical specs for the use of quick response codes. EMVCo recently published the “EMVCo QR Code Specification for Payment Systems: Consumer-Presented Mode” as a QR code standard ahead of moving toward their use. The publication provides a definition of the way quick response codes function as a single-direction communication between a mobile app and the point of interaction. This represents the first official step forward for EMVCo when it comes to QR codes. EMVCo is a payments standards body. It…
Read MoreSamsung Pay payment options now include PayPal
The new method can now be used online, in-store as well as in-app for greater convenience. The latest addition to the Samsung Pay payment options is PayPal in the United States, according to an announcement from both companies. This strategic partnership involves an initial launch of the combined services in the U.S. but will eventually roll out in other countries, too, said the Samsung announcement. Beyond the addition of PayPal at points of sale through the mobile wallet, it will also function online and in-app. The Samsung Pay payment options…
Read MoreVisa QR codes rolled out in Taiwan smartphone payments system
The quick response codes are used to make the transactions fast and easy to complete. The largest credit card company in the world will be launching a mobile payments system in Taiwan based on Visa QR codes. Local media reports have stated that the quick response codes will be central to transactions completed in the mobile wallet. Visa stated that it intends to use QR codes because they can be scanned by virtually any smartphone. By using Visa QR codes, the mobile payments have a much more universal accessibility. Many…
Read MoreQR code rail tokens replace cash for Delhi Metro passengers
Commuters now have the opportunity to use their smartphones to scan a barcode instead of buying a token with cash. Delhi Metro riders now have a much more mobile friendly commute with QR code rail tokens and smart card recharging. The train service’s official mobile app’s latest update added several convenient features, said the Delhi Metro Rail Corp (DMRC). This move aligns well with the rest of the country’s effort to use mobile payments to go cashless. India’s government and many large businesses and organizations have been making substantial efforts…
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