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

TI’s NFC Sensor Transponder Latest Product to Target Wearables, IoT Markets

U.S-based Texas Instruments said it expects to see prototype launches of devices using its recently launched NFC sensor transponder in the first quarter of 2015, as the U.S.-based chip maker seeks a larger stake in the promising markets for wearables, Internet of Things and industrial applications that sometimes require an NFC interface.

NFC SIMs in Short Supply for Chunghwa Telecom's NFC Rollout

NFC Times Exclusive – TAIPEI, Taiwan – Gemalto announced this week that it is providing NFC SIM cards for Chunghwa Telecom’s commercial launch of NFC services, but availability of the SIMs to the telco’s subscribers are extremely limited and none of the telco’s shops or service centers currently have the cards, NFC Times has learned.

Magyar Telekom Launches Hungary’s First NFC Payments Service; Hopes to Avoid Threats to SIM-Based NFC

Dec 11 2014

NFC Times Exclusive – Hungary’s largest telco, which last week launched NFC payments commercially, believes it can avoid problems and threats encountered by other telcos launching

People on the Move: Awad Returns to Broadcom’s NFC Program as Chip Maker’s NFC Business Lags Behind Chief Rivals

Dec 4 2014

NFC Times Exclusive – Mohamed Awad, who formerly headed Broadcom’s NFC business, has returned to oversee the program, among other duties, as Broadcom looks to reinvigorate a progra

NFC Telco Pioneer Turkcell Pulls Back on Support for Technology

NFC Times Exclusive – Turkey’s largest mobile operator, Turkcell, one of the first telcos globally to launch NFC service commercially, has pulled back from the technology, having seen too little take-up for NFC retail payments, NFC Times has learned.

Gemalto Seeks to Reposition TSM Offer as ‘Hub,’ as It Tries to Counter Threats to Its NFC Business; but is It Really a Hub?

Dec 1 2014

NFC Times Exclusive – With the role of the TSM coming under increasing pressure for being too complex and costly, Gemalto, the world’s largest TSM, is seeking to reposition its TSM offer–promoting it as being part of a large “trusted services hub,” as the France-based vendor tries to convince more banks to provision their credit and debit cards on NFC SIMs.

NXP Seeks to Open Up Access to Embedded Chips in Android Phones

Nov 20 2014

With interest growing again in embedded secure elements in NFC phones to store applications, thanks to Apple Pay, NXP Semiconductors is trying to drive demand for its embedded chips in Android phones by making it easier for service providers to load their applications on the silicon.

Orange NFC Chief: We Want to Talk to Apple about Putting Orange Cash on iPhone

NFC Times Exclusive: The head of mobile payments for France-based mobile operator Orange Group said he wants to talk to Apple about enabling the telco’s co-branded payment application, Orange Cash, on the Apple Pay platform. 

Visa, MasterCard: Secure In-App Payments with Apple Pay a ‘Game Changer,’ but Card-Not-Present Rates Remain

NFC Times Exclusive: While the thought of more consumers tapping their phones to pay in stores is attracting the most attention with the launch of Apple Pay, it’s the prospect of users paying for purchases in mobile apps with Apple Pay that could be the real breakthrough, say representatives of Visa and MasterCard Worldwide. 

OTI Reduces Growth Estimate and Pushes Back Positive EBITDA Prediction

Israeli-based NFC and contactless company On Track Innovations pushed back its prediction for positive adjusted EBITDA back to the third quarter of 2015 and reduced its estimate for 2014 revenue growth to 10%, down from the 30% it had predicted previously, the company reported in its quarterly earnings call.

DeviceFidelity Acquired by mPOS and Reader Component Supplier Kili

Canada-based Kili Technology, which supplies hardware modules, firmware and IP for mobile point of sale, readers and other payment-acceptance devices, has acquired NFC-accessories vendor DeviceFidelity.

Subway Eschews Exclusivity, Supports Multiple Mobile Wallets

NFC Times Exclusive: LAS VEGAS, Nev. – While a number of major U.S. merchants have pledged to only accept one mobile-payments service, that is not the case for giant Subway sandwich chain, which has now introduced at least three major options for its customers to pay with their smartphones.