Blogs

MCX Merchant Group Changes Leadership as It Faces Growing Pressure to Launch

NFC Times Exclusive Insight – Retailer consortium MCX didn’t fire its CEO, Dekkers Davidson, because one of its major founding merchants, Best Buy, snubbed the group by agreeing to accept Apple Pay. But that was probably the last straw.

Apple CEO Proclaims ‘Year of Apple Pay,’ Though Offers Few Facts to Back it Up; Yet Platform Provides Twin Breakthroughs

NFC Times Exclusive Insight – In his usual gushing tone, Apple CEO Tim Cook proclaimed 2015 as the “year of Apple Pay,” though he gave few meaningful details on actual use of the new payments platform since it was launched three months ago or on merchant acceptance or Apple’s expansion plans outside of the U.S.

Why it Would Make Little Sense for Google to Buy Softcard, Unless Perhaps it Gets Preloaded App

Google is almost certainly in talks with Softcard to acquire the joint venture from its telco owners, but the question is, what would Google gain from such a deal?

Former Isis CMO: Onerous TSM Requirement Kept Banks Away from Wallet

UPDATED: NFC Times Exclusive – Ryan Hughes, former chief marketing officer for the Isis joint venture, said he recalls sitting in weekly prioritization meetings on Friday afternoons, and when representatives from the mobile carriers that own Isis would ask why the JV was not making more progress in its rollout, he knew where to point the finger.

For One Apple Pay Issuer, It’s All about Ubiquity and Speed

LAS VEGAS, Nev. – After Capital One dropped out of the Isis wallet last year, the large U.S. credit card issuer let it be known that one of the biggest reasons it was snubbing Isis was that it believed it had to cede too much control to the third-party wallet provider. 

How Apple Will Likely Implement NFC Mobile Payments; Hint: TSMs Need Not Apply

UPDATED: There’s little doubt now that Apple will support NFC and mobile payments in its next iPhone. The remaining question is exactly how it will do so.

IPhone NFC Buzz Grows Louder, Could be More than Speculation

There is no confirmation yet that Apple will adopt NFC for the forthcoming iPhone 6, but some sources have told NFC Times they believe there is substance to the rumors that Cupertino is finally ready to adopt the technology this year.

Although Banks are Looking Keenly at HCE, NFC SIM Not Dead Yet

NFC Times Exclusive: While banks gearing up for NFC launches are keenly interested in host-card emulation, as this week’s NFC Times story about planned NFC launches in France notes, a number of banks in France and elsewhere do not plan to wait until HCE is mature enough for commercial rollouts.

Telcos, SIM Vendors Live with HCE; MasterCard Grows Silent on Google Waiver, Weve Deal

With Google’s strong push behind host-card emulation and endorsements from Visa and MasterCard Worldwide, mobile operators, SIM vendors and TSMs are resigned to living with the technology, even publicly supporting it–up to a point.

Backing by Visa Promises Big Boost for HCE, but Many Banks Expected to Stick with Secure Elements for Now

NFC Times Exclusive: Visa seems to be developing a habit of taking a dig at mobile operators right before their showcase event, the Mobile World Congress, which starts next week in Barcelona.

HEADLINE NEWS

CASE STUDY: Asia-Pac’s First HCE Launch–Higher Transaction Value, Though User Numbers Remain Small

Jun 23 2015

UPDATED: NFC Times Exclusive – Australian credit union CUA has seen a 16% increase in value of transactions for mobile payments since the launch of its host-card emulation mobile-payments app last summer, though user numbers have remained small 11 months after one of the first HCE commercial launches globally.

Vendors Say Mobile Payments at Vending Machines on the Rise

NFC Times Exclusive Insight – Suppliers of cashless payment for vending machines predict the rollout of Apple Pay, along with planned introduction of Android Pay, will continue to reduce the use of cash at U.S. vending machines and will also lead to higher transaction amounts, though did not release actual figures.

Taiwan Banking Joint Venture to Request Tenders for HCE and Tokenization Platform

NFC Times Exclusive Insight – Taiwan’s banking joint venture, Taiwan Mobile Payment Co., has disclosed that it will issue a request for tenders for a host-card emulation and tokenization platform, with plans calling for the technology to be made available to Taiwanese banks for mobile-payments launches by the end of the year.

Apple, Transport for London Face Potential Problems Enabling Apple Pay for Fare Collection

NFC Times Exclusive – Both Apple and Transport for London are trumpeting the coming use of Apple Pay to pay fares on various modes of mass transit in London, including the fast-paced London Underground. But they face a couple of problems.

Apple Announces Addition of Nonpayments Applications, First International Expansion for Apple Pay

Jun 11 2015

NFC Times Exclusive Insight – Apple today announced major new updates to Apple Pay, including the addition of store credit, debit and loyalty cards in the U.S., expansion of the mobile-payments service to its first overseas market, the UK, and a renaming of the wallet app itself from Passbook to Wallet.

Dateline Australia: Reality Check for Apple in Efforts to Expand Apple Pay

Jun 7 2015

MELBOURNE, SYDNEY, Australia – NFC Times Exclusive: On the face of it, Australia would seem like an ideal market for Apple to expand its Apple Pay service outside of the U.S. After all, iPhone market share here now hovers around 40%, usage rates of contactless payment at retail are the highest in the world and major banks are eager to roll out mobile payment.

UPDATED: Visa, MasterCard Tout Tokenization as Android Pay Gears Up; Likely Long-Term Play for Schemes

Jun 5 2015

UPDATED: NFC Times Exclusive Insight – Relatively little noticed amid the widespread coverage of Google’s unveiling of its new Android Pay platform last week are the continued tokenization plays by major payment networks, Visa and MasterCard Worldwide, including Visa’s announcement of a new tokenization program and pricing policies, geared toward such platforms as Android Pay. 

Google Unveils Response to Apple Pay, Pitching Android Pay as ‘Open Platform’; Visa, MasterCard See Tokenization Opportunity

Jun 5 2015

NFC Times Exclusive Insight – Google announced its much-anticipated response to Apple Pay, with an updated host-card-emulation-based payments platform, Android Pay, that will incorporate tokenization,  fingerprint biometrics and in-app payments, in addition to in-store tapping to pay. 

RadioShack CIO: Apple Pay Succeeds Where Google Wallet ‘Flopped’

MELBOURNE, Australia – NFC Times Exclusive: U.S. retail electronics chain RadioShack is seeing 10% of its transactions from Apple Pay in its stores equipped with contactless readers, Michael Carper, CIO for the financially troubled retailer said.

Samsung to Work with Established Trusted Service Managers for Samsung Pay

NFC Times Exclusive Insight – Samsung is hiring established TSM vendors to assist with the provisioning and secure element management for its forthcoming Samsung Pay service, at least in some markets, sources told NFC Times.

Profits Remain Elusive for Contactless Reader and NFC Tech Supplier OTI

NFC Times Exclusive Insight – Israel-based On Track Innovations reported continued negative adjusted EBITDA and didn’t announce any new major reader sales during a recent conference call to discuss the company’s first quarter earnings. Despite a recent patent case win, investors appear to be getting impatient.

Oberthur Sales Expected to Grow This Year Following Flat 2014; Vendor Seeks Higher Profits to Reduce Debt

NFC Times Exclusive – Oberthur Technologies, the No. 2 smart card vendor globally and a major bank card and SIM supplier, had flat sales in 2014, blamed mainly on lower revenue in its telecom business unit from falling prices for lower-end SIM cards, slow sales of NFC SIMs and a hiatus in its contract to supply embedded chips to Samsung.