HEADLINE NEWS
U.S.: U.S. Bank Tests PayPass
During the six-month trial, the bank enabled a limited number of employees and students in Spokane, Washington, to pay wherever PayPass was accepted in the U.S., which included about 70,000 locations at the time of the trial.
U.S. Bancorp, which has been growing larger by consuming the distressed assets of other U.S. banks, apparently sees possibilities for contactless and mobile payment. Despite its use of MasterCard PayPass for the NFC trial, most of its activities with new payment technologies have been with Visa. It started testing contactless Visa cards in late 2006, then began issuing debit Visa payWave cards in 2008. Later in the year, it began experimenting with a contactless key fob, or “Visa Micro Tag,” and in 2009 launched a pilot at its Minneapolis headquarters combining a contactless Visa payWave prepaid card with a contactless access-control application for employees. It has also tested network-based peer-to-peer mobile payment with Visa. Most recently the bank launched a trial of instant issuing of contactless debit cards.
* 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.
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