Topic “Best Buy”

Analysis: Chase Pay Deal with MCX–All About Economics

NFC Times Exclusive Insight – While Chase Pay will offer merchants in the MCX consortium a potential consumer base of 94 million Chase payment card accounts and the promise of integration with their loyalty programs and offers, the essential element of the deal was the very low transaction fees Chase will charge.

Google Unveils Response to Apple Pay, Pitching Android Pay as ‘Open Platform’; Visa, MasterCard See Tokenization Opportunity

Jun 5 2015

NFC Times Exclusive Insight – Google announced its much-anticipated response to Apple Pay, with an updated host-card-emulation-based payments platform, Android Pay, that will incorporate tokenization,  fingerprint biometrics and in-app payments, in addition to in-store tapping to pay. 

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.

U.S. Merchant Group MCX Names CEO as It Continues to Gear Up for Mobile-Wallet Launch

The MCX merchant consortium, which is gearing up to launch a mobile-wallet platform and bar-code based mobile-payment services in the U.S. has named the former head of mobile commerce for Barclaycard US as CEO, following a long search.

U.S. Merchant Group MCX to Launch with Bar-Code, Cloud Technologies; Not NFC Initially

The MCX consortium, the group of major U.S. merchants planning to roll out their own mobile wallet, will primarily use bar codes and cloud-based technologies to start off with, not NFC.

As Google Readies New Wallet Version, Sprint Gears Up with ‘Open’ Approach

As Google readies the launch of the next version of its wallet, expected to feature the addition of a physical payment card, other mobile-commerce players, including Google Wallet partner Sprint, are gearing up with their own offers.

Big U.S. Merchants Form Company to Develop Mobile Wallet

Aug 15 2012

More than a dozen large U.S. merchants, including Wal-Mart Stores, Target, Best Buy and 7-Eleven, have formed a company to offer consumers mobile payments and customized offers, an initiative that would compete with Google Wallet, Isis and other mobile wallets.

Best Buy Fears High Costs and Shared Data in Move to NFC Wallets

The senior director of financial services for Best Buy, the largest consumer electronics chain in the United States, said she believes NFC holds great promise but fears costs will be daunting, standards are insufficient and the chain’s customer data might be used to benefit competitors.

HEADLINE NEWS

Exclusive: Two More Polish Banks Prepare to Launch HCE Payments

Nov 24 2016

NFC Times Exclusive – Two more Polish banks plan to launch mobile payments using host card emulation technology, NFC Times has learned, adding to a growing list of mobile payments services in Poland, which saw the launch of its first “Pays” service last week with the introduction of Android Pay.

Android Pay Launches in Contactless Hot Spot Poland, but Cards from Only One Major Bank Available to Start

NFC Times Exclusive Insight – Google has expanded its mobile payments service into a sixth market, Poland, targeting the country’s high penetration of contactless point-of-sale terminals. In-app payments will follow, according to the search giant.

Long-Struggling OTI Makes Progress Toward Achieving Profitability; Still Refuses to Give Guidance

NFC Times Exclusive Insight – After years of effort, Israel-based contactless reader and NFC vendor On Track Innovations achieved a rare quarterly operating profit from continuing operations, thanks to cost cutting and a high gross margin, helped by a onetime licensing fee. But it still showed a net loss and the cost reductions may have bottomed out.

Citigroup Announces Citi Pay HCE App as Expected; Launch in U.S. Delayed until Early Next Year

NFC Times Exclusive Insight – As NFC Times reported a month ago, U.S.-based Citigroup is the latest bank with plans to launch an HCE-enabled mobile wallet for Android phones, “Citi Pay,” which will launch in Asia-Pacific first then in the U.S., using Masterpass technology.

Intesa Sanpaolo Expands HCE Mobile Payments Services to Five Countries

NFC Times Exclusive Insight – Intesa Sanpaolo, Italy's largest retail bank, launched its HCE-enabled mobile wallet service in a fifth market, Serbia, in October through its local subsidiary Banca Intesa Beograd and claimed a country first by deploying an HCE-based payments service branded as Wave2Pay.

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Samsung Discloses Plans for Samsung Pay Launch in Taiwan; Apple Pay Launch Expected on Island Nation Soon

Nov 9 2016

NFC Times Exclusive Insight – Samsung today disclosed plans in a local forum to launch Samsung Pay in Taiwan next year with several banks and a closed-loop payments service, iPASS, which could be used for transit fare collection. The launch is expected around the first quarter.

Samsung Seeks Global Reach for NFC Transit Ticketing But Must Overcome Tech Challenges, Lack of Standards

NFC Times Exclusive – Samsung has been considering introducing NFC transit ticketing in every market where it has launched Samsung Pay, including the U.S., an

Square Plans to Make Square Cash Available in Apple Pay Wallet to Enable Customers to Tap to Pay in Stores

NFC Times Exclusive – Payments company Square is preparing to make its Square Cash service available as a prepaid payment application for Apple Pay in the U.S., which would enable Square Cash money-transfer users to tap for purchases in stores, NFC Times has learned.

Visa Blocks Singaporean Bank UOB from Using Own TSP to Tokenize Visa Cards for Apple Pay

Nov 1 2016

NFC Times Exclusive – When United Overseas Bank in Singapore launched its mobile wallet app with host card emulation, UOB Mighty, in November of 2015, it was the first bank outside of the U.S. to use the Visa Token Service, Visa’s on-behalf-of tokenization service.

Google Chases Goal of Multichannel Mobile Payments with Both Checkout and Masterpass: How It Will Work

NFC Times Exclusive Insight – As global mobile wallet providers Google, Samsung and Microsoft race to deliver multichannel payments to stay on par with Apple, all three have chosen to add online payments to their mobile wallets by integrating with the digital platforms of one or both of the two largest U.S. payments networks, Visa and Mastercard.

Qualcomm Buys Largest NFC Chip Supplier; Tight Integration Expected to Continue with NXP’s NFC Technology

NFC Times Exclusive Insight – Seeking to expand its presence in such highly anticipated growth markets as the Internet of Things and intelligent cars, Qualcomm made good on earlier reported plans to buy Netherlands-based chip maker NXP Semiconductors, today announcing an all-cash deal worth $38.5 billion for NXP’s shares and total $47 billion including debt.