Blogs

Apple Joins Conference Circuit and Hype Happens; And is Apple Pay Cash a Threat to Banks?

NFC TIMES Exclusive Insight –LAS VEGAS: Perhaps to both preserve its mystique and avoid leaks, Apple has scrupulously avoided speaking or exhibiting at trade shows and conferences over the years.

NFC Mobile Transactions Growing but Still Have a Long Way to Go in UK

NFC TIMES Exclusive Insight – While large UK processor Worldpay is exalting the growth of NFC mobile payments in the UK during the first six months of 2017, it’s important to note that NFC phone transactions still make up a small percentage of total in-store card transactions.

What are Eurosmart and SIMalliance Trying to Hide with Their Latest NFC Figures?: Low or Nonexistent Growth

NFC TIMES Exclusive – The smart card industry has seen better days. Gone are the reports of double-digit annual growth in shipments, fueled by the industry’s twin engines of SIM and EMV banking cards.

Tip Sheet: Visa’s Deadlines for Ending Support for Alternate PANs Apply Globally

NFC TIMES Exclusive – As NFC Times has reported, Visa has set precise deadlines for ending support for alternate PANs and any other form of “tokenization” that doesn’t comply with the tokenization technical framework set by EMVCo, the specifications body owned by the global networks.

Tip Sheet: Visa Relents on Alternate PANs in Taiwan, but Phase-Out Rule Stands; Will Big European Banks Comply?

NFC Times Exclusive – Visa has taken a more aggressive approach than Mastercard to ending support for alternate PANs, which it considers an impediment to its ultimate goal of converting all Visa-branded cards loaded onto smartphones and other devices to tokens complying with the EMVCo tokenization framework–preferably using its own Visa Token Service.

Tip Sheet: UnionPay Not Too Forgiving of Samsung for its Deal with Alipay

NFC Times Exclusive – As if Samsung doesn’t have enough problems, NFC Times has learned that China UnionPay is having a hard time forgiving the device maker for adding support for UnionPay rival Alipay in its Samsung Pay wallet in China.

Tip Sheet: Visa Opens Some Tokenization Tasks to Vendors but Keeps Control of Core TSP Function

NFC Times Exclusive Insight – We have terms, such as trusted service manager, or TSM, and token service provider, or TSP, to describe roles in the digital payments ec

Anderson, Lambert Keep Top Posts Under Lyons in MasterCard’s Reorganized Emerging Payments Unit

NFC Times Exclusive – The structure of MasterCard’s recently reorganized emerging payments unit is becoming clearer, with the payment scheme taking another stab at revamping the unit, which it considers key to its future growth, NFC Times has learned.

Tip Sheet: Apple Holds Line on Transaction Fee Demands in Certain Countries

NFC Times Exclusive – While Apple is believed to have offered Chinese financial institutions a price break on the cut of transaction fees it demands for participating in Apple Pay, the tech giant doesn’t appear to have extended the same offer to banks in some other countries.

Tip Sheet: Vodafone Tries Proxy Play Again, This Time with PayPal; MasterCard Executive Departs

NFC Times Exclusive – No, PayPal is not supporting NFC, contrary to what has been widely reported by the content aggregator publications the past week, as part of its announcement of a deal with Vodafone.

HEADLINE NEWS

NFC Student ID Cards Launch in Apple’s Wallet, Though Progress Remains Slow for Apple to Add Nonbank NFC Applications

Oct 12 2018

NFC TIMES Exclusive Insight –Three U.S. universities Tuesday launched NFC-enabled ID cards in Apple’s Wallet, with Apple confirming that only three more U.S.

LA Metro Plans NFC-Enabled Mobile App for TAP Card But Holds Off on Open Payments

NFC TIMES Exclusive Insight – The Los Angeles County Metropolitan Transportation Authority, or Metro, plans to introduce mobile payments using NFC phonesbut only supporting its closed-loop TAP fare payments service, not open-loop payments, NFC Times has learned.

Chinese Wearables Makers Begin to Introduce Low-Cost Devices Supporting NFC Payments

NFC TIMES Exclusive Insight – A new smartwatch from low-cost Chinese wearables maker Huami and the latest fitness band version from Huami’s major investor and partner, Xiaomi, both support transit and retail payments–making them among the first budget smart wearables devices supporting NFC payments.

In-Depth: San Francisco’s $461 Million Transit Contract Will Support NFC Ticketing but Not Open-Loop Contactless Payments

NFC TIMES Exclusive Insight – A planned US$461 million contract to upgrade and operate the Clipper fare collection system in the San Francisco Bay Area will include account-based ticketing and a mobile app that will enable customers to tap for rides with a closed-loop virtual Clipper card on NFC-enabled smartphones.

Apple Drops Requirement to Have App Open for Tag Reading

NFC TIMES Exclusive Insight – Apple has relaxed its approach to NFC tag reading in its new iPhone Xs, Xs Max, and Xr models, removing the requirement to have a reader application open in order to use a tag. It calls the feature Background Tag Reading, and it offers essentially the same functionality that Android devices have had for years.  

Fossil Expands Support for NFC Payments, as It Continues Push into Smartwatch Market

NFC TIMES Exclusive Insight – U.S.-based Fossil Group is pushing deeper into the smartwatch market, as it seeks to diversify from the financially strapped traditional watch market. Among the apps Fossil is offering on several new smartwatch models are Google Pay and Alipay, the latter in China.

Google Expands Payments Service in India, Targeting Projected $1 Trillion Digital Payments Market

NFC TIMES Exclusive Insight Google, its eye on India’s projected US$1 trillion digital payments market in five years, has rebranded its Tez payments service to Google Pay and is planning to expand its services, including to Gmail-based payments and, later, NFC.

Fitbit Unveils First Non-Smartwatch Supporting NFC Payments Service, but Progress of Device Rollout Slow

Oct 13 2018

NFC TIMES Exclusive Insight ­– U.S.-based wearables maker Fitbit in November plans to release its first non-smartwatch supporting its payments service, Fitbit Pay, with the recent unveiling of its new health and fitness tracker Charge 3–but as with its Versa smartwatch, released in April, the NFC payments feature will only be available on a “special edition” version of the tracker in the U.S. and likely in some other markets.

Analysis: Three Years In, Samsung Pay Transaction Figures Are Still Nothing to Boast About

NFC TIMES Exclusive Insight – ­Three years after its launch in South Korea, consumer take-up of Samsung Pay remains lackluster, despite the company’s efforts to hype up its newly released figures.

Dominant NFC Chip Supplier Seeks to Move Up Value Chain by Providing More Services

NFC TIMES Exclusive – NXP Semiconductors, the dominant supplier of NFC chips and secure elements for smartphones and wearables, is seeking to push further up the value chain, offering such services as a white-label wallet platform and provisioning of bank and transit payments applications.

More Cities Plan to Launch Transit Ticketing in Google Pay Wallet

NFC TIMES Exclusive – Some major cities plan to enable their transit fare payments in the Google Pay wallet, using NXP’s Mifare 2GO provisioning service, NXP Semiconductors confirmed to NFC Times, adding that the implementations could put the fare-payments applications on secure elements.

Vancouver Transit Authority Plans to Run Open-Loop and Closed-Loop Fare Collection Side by Side

Aug 13 2018

NFC TIMES Exclusive – Vancouver-area transit authority TransLink is seeing modest consumer take-up for its new open-loop contactless fare payments service and around 6% of the contactless EMV credit transactions are from NFC mobile wallets so far, NFC Times has learned.