Latest News

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 – TAIPEI, Taiwan: 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.

Canadians Take to Contactless Cards, but NFC Wallets? Not So Much

NFC TIMES Exclusive Insight – While a well-developed contactless card and POS terminal infrastructure and strong consumer take-up of contactless card payments has often been touted as the gateway to use of mobile payments, that is often not the case. Take Canada, for instance.

New York Approves Delayed Contract for Contactless Fare Collection, Clearing Way for Rides with NFC Wallets

NFC TIMES Exclusive Insight – The New York Metropolitan Transportation Authority board has approved a long-anticipated contract to enable riders to pay with contactless credit and debit cards, including cards loaded into NFC mobile wallets, by 2019–the largest transit authority to do so since Transport for London launched open-loop fare collection in late 2012.

Fitbit Chief Plans to Enable Entire Product Line for Payments with NFC; Challenges Lie Ahead

NFC TIMES Exclusive Insight – LAS VEGAS:  Fitbit CEO James Park today said the large wearables maker plans to enable contactless payments across its entire range of devices over the next few years using NFC technology, a move he said he hopes will help make contactless payments “ubiquitous around the world.”

Major League Baseball to Roll Out Availability of NFC Ticketing in 2018, but Will Stadiums Adopt the Technology?

NFC TIMES Exclusive – Major League Baseball in the U.S. may roll out NFC mobile ticketing next year as part of Apple Pay, although it’s unclear how many stadiums or other venues would be involved, sources told NFC Times.

Apple Promotes ‘Everyday’ Commerce for Apple Pay as It Seeks to Increase Transactions

NFC TIMES Exclusive Insight – LAS VEGAS:  As Apple continues to try to address what many observers consider to be a disappointing showing for its now three-year-old payments service, Apple Pay chief Jennifer Bailey played up the theme “Everyday (commerce) With Apple Pay,” during a keynote at the Money 20/20 fintech show Sunday.

Group Representing Big U.S. Banks Plans to Issue Own Tokens for Cards Carrying Major Brands

NFC TIMES Exclusive Insight – The Clearing House, a group of the largest banks in the U.S., announced its first plans to tokenize cards branded by a major network, as the banks seek to reduce their dependence on tokenization by the major card schemes.

Apple Watch Likely to Lag Behind in Tag-Reading Ecosystem

NFC TIMES Exclusive – As the NFC tag industry responds to iOS 11, Apple Watch isn’t drawing much focus, and use cases for tag-reading on the wearable remain limited.

Mobile Payments Contribute to Slow Decline of Cash

NFC TIMES Exclusive Insight – Mobile payments are one of the key factors driving the gradual replacement of cash with card and digital payments, according to the annual World Payments Report released this week by consulting and IT services firm Capgemini and major French bank BNP Paribas.

Apple Pay Finally Signs Up Second Major Bank in New Zealand

NFC TIMES Exclusive Insight – In certain markets, Apple continues to face resistance from major banks, which, among other things, do not want to participate in an Apple-branded wallet. That’s true in Australia and in such major Western European markets as France, Spain and Italy, where only one major bank in each country is supporting Apple Pay.

Wells Fargo Launches NFC-Enabled ATMs, Though Rollout is One Year Behind Schedule

Oct 16 2017

NFC TIMES Exclusive Insight – Wells Fargo, the third largest U.S. bank by assets, made good on its pledge last March to launch NFC-enabled ATM cash withdrawals by the end of this year, although that is one year behind schedule, and Wells Fargo is far from the first major bank globally to support the technology on ATMs, even in the U.S.

Carrefour Pay Launches in China with UnionPay, but Can the Network Beat Back Rivals Alipay and Tencent?

NFC TIMES Exclusive Insight – Carrefour and China UnionPay have launched their 2-D bar code-based Carrefour Pay wallet feature, as UnionPay continues to try to find relevance in a booming Chinese mobile payments market now dominated by Alipay and WeChat Pay.  

First Major Chinese City Accepts UnionPay Bank Cards–and Apple Pay–for Transit Fares

NFC TIMES Exclusive Insight – China UnionPay and the Guangzhou Metro have announced the transit company will accept UnionPay-branded contactless credit cards and bank cards loaded into the Apple Wallet, the first such Chinese city to support open-loop fare collection.

Commonwealth Bank of Australia to Support Fitbit Pay in Addition to Garmin Pay and Android Pay; Continues to Shun Apple Pay

NFC TIMES Exclusive – Commonwealth Bank of Australia will support mobile payments with Fitbit Pay and the wearables maker’s forthcoming Ionic smartwatch, NFC Times has learned. That’s in addition to support for Garmin Pay and Android Pay, which the bank announced earlier this week; but the bank appears set to continue snubbing Apple Pay.

Mastercard Survey: Use of Mobile for Purchases in Emerging Markets in Asia Pacific Far Surpasses Use in Developed Countries

NFC TIMES Exclusive Insight – Despite large rollouts of NFC or related technologies in such developed Asia-Pacific markets as Japan, Australia and New Zealand, use of mobile phones for purchases in emerging markets in the region far outstrips those in developed markets, a Mastercard mobile shopping survey found.

Google Shuns NFC for ‘Audio QR’ in Tez Mobile App in India

NFC TIMES Exclusive Insight – Google’s new payments app in India, Tez, uses proprietary sound-based technology to enable mobile payments–shunning both NFC and also apparently scannable QR codes, as the tech giant seeks to break into the country’s rapidly growing but increasingly crowded digital payments market.

Mastercard's Renamed ‘Engage’ Program for Digital Payments Vendors Lists Relatively Few Certified MDES Partners

NFC TIMES Exclusive – Mastercard has released its list of “partners” or certified vendors that it hopes will help the network roll out its key digital payments products, the Masterpass wallet and tokenization from the Mastercard Digital Enablement Service, or MDES. (See table below.)

Taiwan Regulators Express Doubts about Use of BLE for Top Transit E-Purse; Apple Rejects Purse for Wallet

NFC TIMES Exclusive – TAIPEI, Taiwan: EasyCard Corp., which runs the largest closed-loop transit and retail payments service in Taiwan, is seeking to become the first major transit fare-collection system globally to roll out Bluetooth-based mobile ticketing. But Taiwan’s strict financial regulator still has doubts about the security of the technology.

Deals

Analysis: Google Launches Google Pay Rebrand, as It Seeks to Enable Payments Across Multiple Channels and Devices

NFC TIMES Exclusive Insight – Google began rolling out its previously-announced set of Google Pay services Tuesday in what is primarily a rebrand of Android Pay and other Google payments features. The initiative supports Google’s long-held goal of making payments seamless across its various products and access points.

Can Luxury Watchmaker TAG Heuer Sell Swiss Precision Along with NFC Payments? Its Latest Smartwatch Again Supports Android Pay

NFC TIMES Exclusive Insight – While payments wearables, in general, are taking off more slowly than expected, a number of manufacturers are incorporating the feature in their high-end watches and that includes Switzerland-based luxury watchmaker TAG Heuer.

Hong Kong Banking Group JETCO–Former Backer of NFC–Launches QR Code Payments Service

NFC TIMES Exclusive Insight – Hong Kong ATM and interbank group JETCO is the latest provider to launch a QR code-based payments service for in-store transactions in Asia, with payments coming out of the consumers’ bank accounts. But the group has few if any merchants live yet.

Vendor Hopes to ‘Flip’ Bitcoin Holders into Users of Cryptocurrency for Retail Purchases

NFC TIMES Exclusive Insight – While Bitcoin and other cryptocurrencies are mainly seen as assets for speculative investments these days rather than currencies for making payments, U.S.-based provisioning and mobile wallet platform company Fit Pay Thursday released a second announcement about its planned contactless device that would enable holders of Bitcoin to make purchases at brick-and-mortar stores.

NXP Continues to Promote ‘Loader Service’ Targeting Wearables Market, Seeking to Sell More Embedded Chips

NFC TIMES Exclusive Insight – In addition to the NFC secure elements that NXP Semiconductors is providing to wearables maker Garmin for its vívoactive 3 and forthcoming Forerunner 645 smartwatches supporting Garmin Pay, NXP is also supplying its “Loader Service,” a technology that the chip maker has been pushing for more than three years.

Can Cryptocurrency Work at the Point of Sale? Some Vendors Want to Try

NFC TIMES Exclusive – As cryptocurrencies gain momentum online, some payments vendors and even a handful of national banks are making the first moves toward bringing those currencies into the world of brick-and-mortar retail with mobile payments, but it will likely be some time before those efforts gain a significant foothold in the market.

Popular Messaging App Most-Used Mobile Payments Service in Taiwan: Survey

NFC TIMES Exclusive Insight – There’s more evidence that social media and messaging apps are proving to be valuable platforms for promoting mobile payments, at least in Asia.

More U.S. Transit Authorities Plan to Accept Open-Loop Payments, but Some Cities are Opting Out

NFC TIMES Exclusive – Interest continues among a number of transit authorities globally to move toward acceptance of contactless bank cards and NFC phones for fares, but rollouts have been happening in fits and starts in such countries as the U.S., where some cities there are deciding against accepting open-loop payments.

Could China Lead Way in Using QR Codes for Mobile Transit Ticketing Instead of NFC? Shanghai Metro Could Provide Answer

NFC TIMES Exclusive Insight – While the rollout hasn’t gone quite as smoothly as planned, the Shanghai Metro’s launch of a large trial of QR code-based payments could mark a turning point for use of the technology for transit fare collection.

Amazon Launches No-Register Concept Store but Stays Mum on Expansion Plans

NFC TIMES Exclusive Insight – Amazon opened its no-register-no-checkout Amazon Go store to the public today near its headquarters in Seattle–but those expecting a general rollout of the technology or expansion to the supermarket chain, Whole Foods Market, that the e-commerce giant bought last year will have to wait much longer.

Features

How Mobile Wallets, Payments Wearables, Tokenization Fared the Past Year, and Where They Stand Now

By: 
Dan Balaban

NFC TIMES Exclusive – As the digital payments ecosystem moves into 2018, it is dealing with many of the same unfulfilled promises, works in progress and unfinished business as in 2017.

U.S. Merchant Apps Square Off Against NFC ‘Pays’ Wallets: The Retailer Perspective

By: 
K.N. Smith

NFC TIMES Exclusive – As more U.S. merchants launch their own payments apps, some seem positioned to offer serious competition to Apple Pay and the other NFC “Pays” wallets.

Backers Look to Range of Devices for Contextual Commerce, Though Fragmentation Will Pose Challenges

By: 
K.N. Smith

NFC TIMES Exclusive Insight – Promoters of contextual commerce are looking to a range of connected devices, including smart appliances and such home hubs as Alexa–along with a host of mobile devices–to enable consumers to pay in almost every context. But many challenges remain for what could become a “very disjointed” array of payment options, experts say.

Feature: How Do Mobile Payments Fit into an Omnichannel World?

By: 
K.N. Smith

NFC TIMES Exclusive Insight – As retailers and payments services providers increasingly try to connect and track consumer transactions across online and in-store channels, mobile payments must function as part of an omnichannel payments ecosystem, say industry observers.

IoT Payments Backers Say Devices Will Range from the Familiar to the Far-Fetched

By: 
K.N. Smith

NFC TIMES Exclusive Insight – With the buzz around the Internet of Things growing ever stronger, the payments ecosystem is determined not to be left out.

Sound-Based Payments Target Developing Economies but Face Long Road to Consumer Take-Up

By: 
K.N. Smith

NFC TIMES Exclusive – With two sound-based payments launches in India in September, the technology has drawn some interest, but although several banks in emerging countries have signed on with sound-based payments platforms, consumer take-up remains unclear, and it’s likely that the road to adoption will be at least as slow as that faced by NFC payments in developed markets.

Energy Drink Promotion Features Different Way to Put Payment Applications Onto Objects

By: 
Dan Balaban

NFC TIMES Exclusive Insight – While the recent promotion by the makers of Lucozade Energy drinks in the UK, which enabled users to tap their bottles on contactless readers to redeem free rides on the London Underground, may have been just a clever marketing stunt, the way the drinks company got the prepaid EMV application onto the bottles broke the mold for how such applications usually get provisioned.

Developers and UK Smart Ticketing Organization ITSO Look to HCE as Option for NFC Transit Ticketing

By: 
Istvan Fekete

NFC TIMES Exclusive Insight – As OEM Pay wallet providers try to get more transit operators to put their closed-loop ticketing applets onto the NFC embedded secure chips in their devices, there is growing interest in alternatives to enable mobile transit ticketing.

Are Security Fears Really Holding Reluctant Mobile Payments Users Back?

By: 
Chandra Lye

NFC TIMES Exclusive – The low number of mobile payment users may have little to do with security, one researcher says.

NFC Transit Ticketing Finally Starts to Get on Track after Years of Delays and Broken Promises

By: 
Dan Balaban

NFC Times Exclusive – NFC mobile transit ticketing–an application that once held much promise but has shown few results over the past decadefinally appears to be pulling out of the station, getting a boost from the growing interest in open-loop fare collection, the emergence of the “Pays” mobile payments services and increasing efforts by standards makers to solve basic interoperability problems between NFC phones and transit terminals.