buy metformin online

UK: Major UK Bank Launches Large M-Payment Trial with iPhone Attachment

United Kingdom
Scope: 
Trial
Launch: 
Oct 2012
Main Application: 
Payment
Mobile Operator: 
N/A
Service Provider (application): 
NatWest (Royal Bank of Scotland Group) (Visa payWave
Merchants: 
140,000 POS terminals in UK supporting Visa payWave, others abroad
Users: 
1,000
NFC Handsets: 
N/A
TSM*: 
Giesecke & Devrient
Secure Element: 
Embedded
Other Vendors: 
Wireless Dynamics (iCarte 420), NXP Semiconductors (NFC chip, secure element)

UK bank NatWest has enabled 1,000 customers to tap to pay with its TouchPay service using a Visa payWave application stored in an NFC-enabled attachment for the iPhone 4 and 4S. The iCarte add-on from Canada-based Wireless Dynamics carries an embedded secure element that will store the payWave debit application. The attachment also sports a full NFC chip. Users can tap to pay at about 140,000 point-of-sale terminals accepting payWave in the UK and others abroad.

NFC Times Take: 

It's believed to be the first major NFC or contactless-mobile payment project by any part of the RBS Group, which is NatWest's parent. NatWest is RBS's major retail banking unit in England and Wales. RBS held a small internal trial of NFC payment five years ago at its Edinburgh headquarters, but had been silent with NFC since then. The foray into mobile payment helps RBS start to close the m-payment gap with rivals Barclays and Lloyds.

 

* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
 
N/A: Not available or not applicable.
 
Last update: Oct. 2012

 

HEADLINE NEWS

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.

AmEx and Discover Weigh In On HCE, Tokenization and Acceptance

Las Vegas, Nev. – No single mobile payments provider or platform will dominate the market in the long run, so card networks should adopt a flexible approach, CEOs of two major payment networks, American Express and Discover Financial Services, told attendees at this week’s Money 2020 conference.

Softcard Touts Rewards to Increase Wallet Activations; Insists it Will Support Wallet on iPhone SIMs

LAS VEGAS, Nev. – Softcard CEO Michael Abbott was selling the value of rewards in the telco-owned mobile wallet today during a keynote address at the Money 2020 conference in Las Vegas.

Despite Talk of NFC and BLE, QR Codes Expected as Main Technology for MCX Launch

Although Dekkers Davidson, CEO of the big MCX mobile-commerce consortium in the U.S., said the group is working on Bluetooth low energy and NFC, the main technology MCX is expected to launch with next year will still be QR codes.

MCX Weighs in on Exclusivity Clause as Merchant Group Battles Apple Pay

The MCX Merchant group has confirmed what most insiders already knew: That it has an exclusivity clause for members to only accept mobile payments from its own payments platform.

Taiwan’s NFC Banking Joint Venture Gets Set to Launch TSM Service Amid Crowded Field of Platforms

Nov 18 2014 (All day)

NFC Times Exclusive: More than 25 Taiwanese banks have signed up to potentially launch NFC mobile-payments services using a TSM platform being launched by a joint venture of three domestic processing and interbank groups.

Small Issuers Sign Up for Apple Pay but Want to Keep Customers Using the Issuers' Own Applications

NFC Times Exclusive: Small financial institutions want their members to be able to use Apple Pay, but would prefer to keep transactions in their own branded mobile applications instead, sources at participating credit unions have told NFC Times.

NXP Reports NFC Sales Soar on Shipments to Apple

NXP Semiconductors reported a big jump in sales from its emerging ID unit in the third quarter, thanks to shipments of NFC chips and secure elements to Apple for the tech giant’s new iPhones.

Amid High-Profile Win with Apple, NXP Quietly Loses NFC Business for Samsung’s Galaxy Handsets

NFC Times Exclusive: While NXP Semiconductors won the coveted contract to supply NFC chips and secure elements to Apple for its new iPhone models, it has been cut out of the recent business for Samsung Galaxy handsets, including the Note 4.

NFC Booster Chip in New iPhones One Key to Apple Pay Performance, Though Not Yet Standardized

NFC Times Exclusive: In what is believed to be one of the first uses for NFC booster technology in NFC phones, the new iPhone 6 and iPhone 6 Plus feature an amplifier chip enabling a unique antenna design by Apple for its Apple Pay service that launched Monday.