Blogs

Google Continues Support for NFC; Apple and NFC?–Not So Fast

Google has introduced its new cloud-based Google Wallet, something that had been expected for months as the Web giant wrestled with the disappointing take-up of its first wallet version last September.

Apple Rumors Aside, Watch for Samsung M-Commerce; Google Wallet 2.0

As bloggers and analysts speculate ad nauseum about Apple’s possible NFC mobile-payment plans, they have been missing signs that another big handset maker is gearing up to enable NFC payment from its phones.

Message from MWC: NFC Opening Up Payments Space to New Players

Last week’s Mobile World Congress provided ample evidence, if any more were needed, that NFC-enabled mobile phones will offer fertile ground for the entry of new payments players to compete with major banks.

Google Wallet Engineers Exit; Web Giant Likely to Revamp Strategy

The well-publicized Google Wallet hacks from last week are among the least of Google's problems with its wallet.

2012 Does Not Bode Well for Google Wallet with Present Strategy

Suggested New Year’s Resolution for Google: “Must Find a New Wallet Strategy.

GSMA’s Latest NFC Announcement Directed at ‘Over-the-Top’ Players?

The announcement Wednesday by the big mobile operator trade group, the GSM Association, proclaiming increased “momentum” for SIM-based NFC services is, in fact, largely a defensive move.

Google’s NFC Wallet Predicament

Even as Google sends out its “brand ambassadors” to catch video images of consumers gushing as they tap to pay for the first time with the Google Wallet, doubts are growing that the Web giant will be able to make this a mass-market service.

Isis Phone Announcement is Latest Shot in Brewing Wallet War

The release yesterday by the Isis telco joint venture that six major phone makers “will introduce NFC-enabled mobile devices that implement Isis’ NFC and technology standards,” shouldn’t be taken as an endorsement by the phone makers.

Affordable NFC Phones Coming to Market

The story of NFC handsets for 2011 is shaping up to be one of lower-cost phones.

Motorola Gives Google Chance to Control More Secure Elements

Google’s planned acquisition of Motorola’s mobile phone business not only gives the Web giant control of a major handset manufacturer, it also offers Google a way to control the secure chips in more NFC phones.

HEADLINE NEWS

Mastercard Quietly Certifies First Data and PayPal to Tokenize Mastercard-Branded Cards

NFC TIMES Exclusive – Mastercard has opened up tokenization of Mastercard-branded card accounts to two other major payments industry players, First Data and PayPal, enabling them to tokenize Mastercard-branded cards for mobile and other digital payments services as an alternative to Mastercard’s own token service, MDES, NFC Times has learned.

Apple Launches P2P Payments Featuring Own Digital Payment Card; Should Banks Worry?

NFC TIMES Exclusive Insight – A key part of Apple’s new Apple Pay Cash peer-to-peer payments service is its digital prepaid debit card–which can be used for in-store NFC purchases and other transactions–a first for the tech giant.

Target Shuns NFC and Apple Pay as Expected with New Wallet; Service Features Private-Label Card

NFC TIMES Exclusive Insight – Target has added its long-anticipated 2-D bar code-based wallet to its mobile app, following rival Wal-Mart Stores in launching its own payments service and shunning NFC and contactless, as expected.

Belgian Domestic Debit Network Seeks to Expand Use of Mobile Payments, Though Consumer Habits Hard to Break

Dec 1 2017

NFC TIMES Exclusive Insight – Belgium’s domestic debit network Bancontact is offering both QR code and NFC-based mobile payments services with 20 banks in the country, as backers seek to expand use by consumers of mobile and contactless payments, which each make up only around 1% of total Bancontact transactions.

Korean and Taiwanese Banks Test Loyalty Points Exchange Using Blockchain

NFC TIMES Exclusive Insight – KEB Hana Bank of South Korea and Taishin International Bank of Taiwan have demonstrated the transfer of bonus points and purchase of coupons using Blockchain technology, with KEB Hana Bank planning to launch initial service for visitors to the Winter Olympics next February in Pyeongchang, South Korea.

Norwegian Banks Move to Defend Against Global Tech Giants by Uniting Payments Services

NFC TIMES Exclusive Insight –  The “Pays” wallets, such as Apple Pay and Android Pay, have not yet launched in Norway, but Norwegian banks are not waiting for tech giants Apple and Google or other outside behemoths, such as Facebook, to try to gain a foothold.

Shared and Limited-Use Tokens and Other Changes: Tokenization 2.0 Explained

NFC TIMES Exclusive Insight – The second version of EMVCo’s payment tokenization technical framework adds two new token use cases aimed primarily for e-commerce and in-app payments, along with a few new assurance and authentication features, but much of the focus of the version 2.0 has been on restructuring and clarifying issues from the first version of the tokenization framework released more than three years ago, according to EMVCo in a webinar.

First Data Expected to Begin Tokenizing Mastercard-Branded Cards Next Year; Visa More Restrictive

NFC TIMES Exclusive –  Big U.S. acquirer and processor First Data plans to generate its own tokens for Mastercard-branded card accounts next year, NFC Times has learned, and a source says First Data is also in discussions with Visa to do the same, but Visa may not allow the processor to tokenize Visa-branded cards in place of the network’s own Visa Token Service.

Visa Launches Program to Promote Contactless Transit Payments

NFC TIMES Exclusive Insight – Visa has formed a unit to promote use of Visa-branded contactless cards and accounts on NFC phones and other devices, seeing an opportunity to expand on the success of open-loop fare collection in London and plans for the move by transit authorities in a growing number of cities, including New York, to accept contactless credit, debit and prepaid bank cards for fares.

USA Technologies Seeks to Bolster Services, Markets with Acquisition of Cantaloupe Systems

NFC TIMES Exclusive Insight – Unattended point-of-sale vendor USA Technologies expects to close its $85 million deal to acquire competitor Cantaloupe Systems next week, telling NFC Times the deal will add to USAT’s suite of services and expand its international reach.

Orange Cash Gets New Life as Part of Orange Bank App

NFC TIMES Exclusive Insight – As expected, Orange will continue offering its NFC-enabled Orange Cash Visa-branded card with the launch of its Orange Bank mobile service.

First HCE-Enabled JCB Cards to Hit Market in Taiwan in First Quarter

Nov 14 2017

NFC TIMES Exclusive Insight – Japanese credit card company JCB will participate early next year in a mobile wallet from the Taiwan Mobile Payment banking joint venture, marking the first time JCB will support host card emulation in a mobile payments service.