RegardingID Archive | Malaysian debit card follows Islamic law

Thursday, June 5, 2008

EONCAP Islamic Bank, a subsidiary of EON Bank Bhd, has unveiled the first Islamic debit card offering a contactless payment option. The bank plans to issue 70,000 of the cards in Malaysia in the next year.

While the card will be marketed to both Muslim and non-Muslim clients, it is meant to have special appeal to strict followers of Islam. The card follows Syariah principles, and therefore cannot be used in purchases involving alcohol or gambling.

The debit MasterCard is PayPass-enabled and is embedded with an EMV chip. It can be used globally in more than 26 million locations and can also function as an ATM card.

Charge Anywhere reveals BlackBerry NFC payments app

Charge Anywhere announced that it will launch its BlackBerry payments software featuring NFC technology at the BlackBerry World event this week in Orlando, Fla.

The Charge Anywhere Mobile Payment App for BlackBerry enables business owners to accept payments on their BlackBerry smart phone or PlayBook and securely process credit and debit cards on the go. Now, businesses operating on the BlackBerry 7 OS platform can accept NFC-enabled credit and debit cards like Visa payWave or MasterCard PayPass by simply tapping their customer’s card to an NFC-enabled BlackBerry Curve or Bold device.

Orange expands Quick Tap to Android phones

U.K. mobile operator Orange has announced that it will expand its Quick Tap contactless payments service to NFC-enabled Android handsets, according to The Telegraph.

Originally available only on the Samsung Tocco and Samsung Wave 578, Quick Tap lets users make contactless mobile purchases of up to £15 at nearly 70,000 retailers around the U.K., including McDonald’s, Subway and Prêt a Manger.

U.S. Bank partners with Hamline University

A new partnership between Hamline University, Saint Paul, Minn. and U.S. Bank will enable the school to offer enhanced banking services to its students, faculty and staff through the school’s campus ID card.

HSBC starts roll out of contactless bank cards

HSBC announced that it will begin the conversion to contactless technology this month, replacing all customer banking debit cards, according to ThinkMoney.com.

The bank will start to roll out the new contactless cards to existing customers whose debit cards are due to expire this month and then continue the process as cards expire. Customers who don’t want a contactless card can opt out by contacting their bank before their current card expires.

Smartag, Samsung to bring NFC to Malaysian market

Smartag Solutions Berhad has signed a Memorandum of Understanding with Samsung Malaysia Electronics (SME) to bring NFC technology to the Malaysian market.

Under the collaboration, Samsung will provide Smartag with the necessary technical support to develop NFC mobile applications on Samsung products. Samsung says it will also aim to strengthen Malaysia’s NFC infrastructure by launching more NFC-enabled phones on the market.

Canadian carriers ready NFC payments for 2012

Canadians may be paying for items with the tap of an NFC-enabled phone by the end of 2012.

According to Reuters, Canadian banks, credit card companies and telecoms are reaching an agreement on an NFC payment service that will capitalize on Canada’s robust contactless infrastructure.

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Malaysian debit card follows Islamic law