Dan Balaban's blog

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

In-Depth: Persistent Consumer Security Fears about Mobile Payments Prove Difficult to Dislodge

NFC TIMES Exclusive Insight – Results of yet another survey has shown that a significant percentage of U.S. consumers continue to harbor security fears about using their smartphones for payments, a stubborn problem that has hindered growth of mobile payments from the beginning.

Mobile Suica Still Accounts for Disappointing Share of Suica Users and Transactions in Japan

NFC TIMES Exclusive – While Apple Pay next month will mark the 5th anniversary since its launch in the U.S., there is another contactless-mobile payments service that is three times as old as Apple Pay–Japan’s Osaifu-Keitai, or wallet phones, which this year turned 15. 

Rome Latest Transit System to Launch Open-Loop Fare Collection; also Enables Monthly Passes with EMV Cards

NFC TIMES Exclusive Insight – Rome has become the second major city in Italy–and one of a small but growing number of large cities globally–to enable riders to pay transit fares with EMV contactless credit, debit and prepaid cards and NFC devices.

Vivo Last of Major Chinese Smartphone Makers to Officially Launch NFC Pays Wallet

NFC TIMES Exclusive Insight – Vivo, China’s second largest smartphone maker, made it official this week, launching its NFC-enabled “vivo Pay” wallet, the last of the major Chinese phone OEMs to roll out NFC payments–though their use has been disappointing, at least for payments in stores.

In-Depth: Fit Pay’s Troubles Indicate Difficult Business Case for Provisioning to Wearables

Sep 19 2019

NFC TIMES Exclusive Insight –  Given the poor financial results of U.S.-based Fit Pay, it’s becoming clear that the business case for provisioning of payment cards to wearable devices remains difficult.

Analysis: Chase Pay Latest Bank Wallet to Shut Down; Why Did They Fail?

NFC TIMES Exclusive Insight – Plans disclosed this week by JPMorgan Chase to shut down its Chase Pay app for in-store purchases is yet another nail in the coffin–perhaps the final one–for bank wallets in the U.S. And the situation does not look much brighter for bank-issued wallets abroad.

Miami Latest U.S. City to Introduce Open-Loop Transit Payments

NFC TIMES Exclusive Insight Transit officials in Miami-Dade County, Fla. are the latest in the U.S. to introduce open-loop payments of fares with contactless credit and debit cards and bank card credentials on NFC wallets, launching the service yesterday on the city's relatively small metro network, with plans to expand to buses later.

UK Tram Riders Take to Tapping with NFC phones to Pay for Fares, According to Early Results

NFC TIMES Exclusive – Transport for Greater Manchester, which last month launched open-loop payments on its large Metrolink tram network, said Thursday that contactless credit and debit cards and NFC wallets accounted for a combined 170,000 rides during the first four weeks of the service.

In-Depth: NFC Wallet Use for Open-Loop Transit Grows but Still Makes Up Relatively Small Share of Contactless Payments

NFC TIMES Exclusive – When New York City transit officials announced Tuesday that the 1 millionth ride paid for through their new OMNY open-loop payments service had arrived ahead of schedule, they also proudly noted that 80% of the contactless payments had come from NFC wallets, not physical bank cards. 

PayPay Gets Off to Quick Start as One of Many Digital Payments Services in Cash-Loving Japan

NFC TIMES Exclusive Insight – As Japan continues to fight what to date has been a losing battle against cash, an announcement by the joint venture behind QR code-based payments service PayPay offers a little bit of encouragement. 

Research Firm Projects Use of NFC Mobile Wallets in U.S. to Remain Disappointing This Year

NFC TIMES Exclusive Insight – As Apple Pay approaches the fifth anniversary of its launch in the U.S., there is more research showing that most American consumers simply don’t see the value of tapping to pay with NFC-based payments services. 

In-Depth: Five Years After Transport for London Launched Contactless Across Its Transit Network, UK Open-Loop Rollout Remains Uneven

Aug 15 2019

NFC TIMES Exclusive Insight – Five years ago next month, Transport for London introduced open-loop contactless payments across its transit network, including metro, trams and commuter rail, following an earlier launch on buses. The service now accounts for more than half of all pay-as-you-go journeys and has become a global showcase for the technology.