buy metformin online

U.S. Mobile Operators Announce Planned ‘Isis’ NFC Service

Verizon, AT&T and T-Mobile USA announced their joint venture today, with plans to introduce NFC-based mobile payment in selected markets during the next 18 months.

The joint venture, calling its planned mobile-commerce network and brand "Isis," said it intends to use the carriers' massive customer base–more than 200 million combined subscribers–to lead the payments industry in the United States in the transition from cards to mobile phones. The mobile wallets the telcos offer on NFC phones will also provide membership and loyalty programs, personalized coupons, rewards and content.

The mobile carriers also announced their long-awaited pick for CEO of the venture, payments industry veteran Michael Abbott, formerly of GE Capital. The company the telcos formed, called JVL Ventures, is based in New York City.

"Our mobile commerce network, through relationships with merchants, will provide an enhanced, more convenient, more personalized shopping experience for consumers," said Abbott in a statement. "While mobile payments will be at the core of our offering, it is only the start. We plan to create a mobile wallet that ultimately eliminates the need for consumers to carry cash, credit and debit cards, reward cards, coupons, tickets and transit passes."

The telcos also confirmed they will partner with Discover Financial Services to tap in on Discover’s network of 7 million merchant locations in the United States–although fewer than 2% of those are now equipped to handle contactless payments. Barclaycard US will be the first issuer of "multiple mobile-payment products." But Abbott said in the statement that "moving forward, Isis will be available to all interested merchants, banks and mobile carriers."  

While Discover’s network and its Zip contactless application is present on most of the roughly 100,000 merchant locations that also accept contactless payment from Visa- and MasterCard-branded cards, the joint venture will have to build up the acceptance infrastructure greatly if it hopes to successfully wean consumers off of cards, say observers. The telcos are expected to first target cities with high concentrations of contactless terminals, such as New York City.

Abbott joined GE Capital, the financial services unit of General Electric Co., in 2002. According to the joint venture, he led strategy, marketing and product development for the GE unit’s private-label cards division. Before that, he served as executive vice president of marketing for credit card services at FleetBoston. There he launched new card products.

The telcos had searched for a CEO for months, and NFC Times learned they had been close to making an appointment on at least one occasion. The long-overdue hiring could help bring focus to the group, which faces an uphill climb to take on the major U.S. card networks Visa and MasterCard, along with major U.S. banks, in launching a new payment service.

It was unclear if the NFC services the announcement said the venture plans to launch within 18 months are in fact the pilots the group reportedly plans to hold by late 2011. 

 

HEADLINE NEWS

Broadcom Discusses Connectivity Chip Wins but Makes No Mention of NFC Following Q2 Results

U.S.-based Broadcom did not mention NFC in its recent conference call with analysts following release of its second quarter results, in which it announced cuts to its global workforce of 20% by exiting the baseband mobile processor business.

Transport for London to Accept Bank Cards, NFC Phones on Underground, Other Transit Modes

Transport for London today announced it would launch acceptance for open-loop bank cards and other contactless payment on its heavily traveled London Underground and other modes of transit in September, while the UK’s largest mobile operator, EE, announced customers could begin to tap their NFC phones to pay fares at the same time.

Visa Announces Plans to Introduce Token Service as Part of Mobile Revamp

Jul 25 2014 (All day)

Visa Inc. announced Thursday it would launch a tokenization service in September, as part of what it calls its Visa Digital Solutions “suite of offerings.”

NXP Reports Higher NFC Sales, Offers No Hints on NFC-Enabled iPhone

Jul 30 2014 (All day)

NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.

Westpac New Zealand Launches HCE Trial, Snubbing Country's Planned TSM Platform

Westpac New Zealand has announced a small trial of host-card emulation-based payments, with plans to introduce the technology to customers early next year.

Taiwan Telco Group Goal of 2014 TSM Launch May be Hard to Reach; NFC SIM Footprint Also Small

Jul 24 2014 (All day)

Taiwanese mobile operators have sold a combined 4.2 million NFC-enabled phones and hope to launch their joint TSM platform by the end of the year.

E-Plus Joins Other German Telcos in Launching NFC Wallet and Prepaid Payments Service

Germany’s third largest mobile operator, E-Plus, has launched NFC payments with a prepaid wallet card, joining other German telcos, which have also launched prepaid payments applications on their SIM cards.

Australian Credit Union Launches First HCE Service in Asia Pacific

Jul 14 2014

Australia’s largest credit union, CUA, is the first financial institution in Asia-Pacific to commercially launch mobile payments using host-card emulation, announcing the move today in Australia.

China UnionPay Strikes Deal with ZTE to Use Embedded Chips for Payments

Payment network China UnionPay and China-based handset maker ZTE have disclosed an agreement to enable contactless payment on embedded chips in two of ZTE’s latest high-end Android phones.

Hungary Concludes Year-Long NFC Trial, Prepares for Commercial Launches

As the Hungarian Mobile Wallet Association prepares to enable its members to commercially launch NFC mobile payments, it has released the results of its 12-month NFC payments and loyalty pilot along with a survey of users.

Swiss Telcos to Share Tapit NFC Mobile Wallet Platform

Swiss telco Swisscom has launched an NFC mobile wallet app called Tapit, with the country’s two other major telcos expected to follow later in 2014.

Airlines Continue to Test NFC for Boarding; BLE Piloted for Airport Navigation

France-based telco Orange and Air France, along with airline industry and information technology services provider SITA have launched a trial of an NFC boarding pass application for the airline’s route from Toulouse to Paris, and SITA is also piloting Bluetooth low energy beacons at Dallas/Fort Worth International Airport.