Cross-border European mobile payment network in the works

European Mobile Payment Initiative - Euros - mobile phone

Seven European payments operators are partnering to create a cross-boarder mobile payments network. The European Mobile Payment System Association initiative has been announced by seven European payments operators that own and operate mobile payments services in Europe. These operators, many of which are owned by banks, are in the process of building a pan-European network that focuses on cross-border mobile-based payment transactions. The move comes as banks and traditional financial services companies battle fintechs and global tech giants. The seven businesses and payments networks involved in the initiative include: •…

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QR code security update needed, says Quick Response code creator

QR code security - Smartphone with QR code

Japanese engineer, Masahiro Hara, vows to strengthen the safety of the system. Hara, the creator of the 2D code, says that improved QR code security is needed since it has become so popular and is now being widely used as he hadn’t expected for various applications all over the globe. Now that it is a worldwide multipurpose application utilized in a variety of fields, including cashless payments via smartphones, Hara wants to strengthen the safety of the system. The QR Code is celebrating its 25th anniversary in 2019. The quick…

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Restaurant chain in B.C. Canada implements tabletop QR code

tabletop QR code - restaurant customers

Tap & Barrel introduced QR code payments at tables. Customers at British Columbia (B.C.) restaurant chain Tap & Barrel can view and pay their bill by scanning a tabletop QR code. The quick response (QR) code “robo-servers” have been implemented to streamline bill payments and even lets diners split their bill. Customers can connect to the bill at their table by scanning a QR code. The tabletop QR code is located at the diners’ tables at Tap & Barrel restaurants. It lets the customers scan the code to connect them…

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Chase Pay app will no longer be available for making in store purchases

Chase Pay App - JPMorgan Chase Tower Houston

Customers are being informed that the mobile payment option will cease to be supported in stores. JPMorgan Chase & Co. plans to shut down its Chase Pay app, which would make it the bank’s third reversal on digital offering in three months, reports Bloomberg. The company reportedly began informing customers that the mobile payment option would no longer be available for smartphones when customers shop in store. This change is slated to go into effect starting early 2020. The payment method can still be used on website and apps of…

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7-Eleven rolls out mobile checkout option in New York

Mobile Checkout Feature - 7-Eleven Store

Manhattan residents and visitors can now checkout even faster at the 7-Eleven. 7-Eleven, the Texas-based largest chain in the convenience-retailing industry, has announced Mobile Checkout, available at its convenience stores in Manhattan, New York City. This newly introduced mobile payments option lets customers skip the checkout line and pay for their purchases via the 7-Eleven app. The mobile shopping experience has been integrated into the 7Rewards loyalty program. The new Mobile Checkout service has been integrated directly into the 7Rewards loyalty program, which is part of the 7-Eleven app. In…

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