Topic “China UnionPay”

China Mobile Signs Deal with Payment Network UnionPay to Cooperate on Mobile Payment

China’s giant mobile operator, China Mobile, and the country's big domestic payment network, China UnionPay, have signed an agreement to cooperate on mobile payment, including using SIM cards in NFC phones.

Taiwanese Bank to Launch PayPass on microSDs in HTC NFC Phone

Jun 18 2012

Handset maker HTC and Cathay United Bank of Taiwan, among other parties, are expected to announce plans to launch an NFC mobile-payment project putting a MasterCard PayPass credit application on microSD cards that can run in a full NFC phone model from HTC.

HTC Steps Up NFC Phone Presence with Three High-End Handsets

May 10 2012

New Orleans – Phone maker HTC is displaying three high-end NFC phones at the International CTIA Wireless show in New Orleans, including its Droid Incredible 4G LTE, destined for U.S.

Taiwanese Banks Plan to Launch M-Payment on iPhone and SWP microSD Cards

Three Taiwanese banks are seeking to enable their customers to tap their mobile phones to make purchases with MasterCard PayPass using microSD cards in a full Android NFC phone from HTC, as well as an iPhone attachment with an embedded chip, as part of separate NFC mobile-payment projects.

Some Banks Continue to Look for Alternatives to SIM-based NFC

By: 
Dan Balaban

While mobile operators continue to push for the SIM card to become the de facto secure element in NFC phones, some banks and other service providers are still seeking alternatives.

Taiwan Chip Company Supplies NFC Technology to Low-Cost Phone Maker

Taiwan-based chip maker MStar Semiconductor announced today it is supplying NFC technology to Russia-based phone maker Fly for one or more handsets for the European market to be released as early as next month.

UnionPay Moves Forward on NFC microSD launch with Big Chinese Bank, No Telcos

China’s big domestic payment network, China UnionPay, is moving forward with plans to roll out mobile payment on microSD cards in full NFC phones–lining up one of China’s biggest banks and models from at least six handset makers for the initial rollout.

China UnionPay Makes Its M-Payment Move with MicroSD Cards

Aug 19 2011

China’s fast-growing bank card network China UnionPay is making its move this year into mobile payment–and may try to outflank China’s big mobile operators by pushing for microSD cards to carry its application rather than SIM cards or other secure elements in NFC phones.

China UnionPay to Launch NFC Mobile-Payment with HTC Android Phone

Aug 12 2011

Chinese bank card network China UnionPay has announced plans to introduce a mobile-payment service using an NFC-enabled Android phone from Taiwan-based handset maker HTC.

China UnionPay Announces Mobile-Payment Alliance

Chinese bank-card network China UnionPay today announced it has formed a Mobile Payment Industry Alliance that includes 18 national and local banks and supports international contactless standards–as it keeps up the pressure on China Mobile's RF-SIM-based payment scheme.

HEADLINE NEWS

Japanese Megabank Mizuho Plans to Launch New Digital Currency Soon for Mobile Payments Service

NFC TIMES Exclusive Insight – Japanese megabank Mizuho will reportedly move forward with its planned launch of a new digital currency to enable QR code-based mobile payments in stores and for funds transfers–with plans to cut the fees merchants will pay to accept the new payments scheme, as compared with credit cards.

More QR Code Payments Services Planned for Japan, Home of Original Contactless-Mobile Rollouts

NFC TIMES Exclusive Insight – Japan, the first market globally to adopt contactless-mobile payments, in 2004, with a technology similar to NFC, will see its two largest convenience store chains introduce their own mobile payments services this year–both using bar codes or QR codes instead of NFC.

Analysis: Commonwealth Bank’s Agreement to Support Apple Pay Could Mark Turning Point for Apple’s Bank Recruitment Efforts

NFC TIMES Exclusive Insight – With its capitulation last week to Apple and agreement to participate in the tech giant’s payments service, Australia’s largest financial institution, Commonwealth Bank–which had once vowed not to support Apple Pay–shows that Apple is making headway with major banks that had once resisted supporting the NFC wallet.

Major Bus Company Stagecoach Finishes Contactless Rollout as UK Moves Toward Transit Ticketing Interoperability

NFC TIMES Exclusive Insight – The UK’s largest bus operator has announced that it has completed its rollout of open-loop payments acceptance on 7,400 buses in the country, declaring itself the “single largest contactless transit merchant in Europe outside London.”

In-Depth: Australian Transit Authority Rolls Out Open-Loop Payments After Lengthy Trial

NFC TIMES Exclusive Insight – Transport for New South Wales, Australia–the transit authority that oversees trains, buses and ferries in and around Sydney–decided to roll out its open-loop payments service to all train services following an extensive trial.

Canadian Transit Authority Introduces Low-End Wearable for Closed-Loop Payments

NFC TIMES Exclusive Insight – When Vancouver-area transit authority TransLink introduced open-loop fare payments last May, it was clear that the agency was not planning to phase out its closed-loop Compass Card anytime soon.

In-Depth: Swedish Hybrid Watch Brand Kronaby to Launch Payments Wearables with Innovative Provisioning System

NFC TIMES Exclusive – In one of the first implementations of its kind, Sweden-based hybrid smartwatch brand Kronaby plans to enable personalization of tokenized payment cards over the air using a Bluetooth connection to what is essentially a passive contactless chip in its watches.

Analysis: Apple Again Touts Apple Pay Growth, While Still Not Releasing Details on Transactions

NFC TIMES Exclusive Insight – Apple again reported a tripling of transactions for its payments service, Apple Pay, during its fiscal quarter ending in September, while noting other achievements. But the growth is believed to be off of a relatively low base, and four years after launching the payments service, Apple is still not releasing detailed numbers about its transactions.

In-Depth: Chinese Payments Players Accelerate Rollouts of Transit Fare Payments

NFC TIMES Exclusive Insight – While mobile payments are rolling out slowly at metro gates and aboard buses in the West, Chinese mobile payments players are accelerating deployments of their services that enable consumers to tap–or more likely scan–to ride.

Major U.S. Networks Promote Online Commerce Spec, Seeking to Keep Digital Transactions on Their Networks, but Not All Merchants are On Board

NFC TIMES Exclusive Insight – Major U.S.-based global networks, including Visa, Mastercard and American Express–hoping to keep transactions on their networks as more commerce goes online and digital–amplified their push for the Secure Remote Commerce specification, which is being drafted by their jointly owned payments specifications group, EMVCo.

Major UK Bus Operators Complete Contactless Rollouts, With More to Come

NFC TIMES Exclusive – At least 13,000 buses in the UK outside of London now accept open-loop contactless payments, and more rollouts are underway as part of a plan by UK bus operators to roll out contactless on all 32,000 buses operating in the UK outside of the capital, NFC Times has learned.

Transport for London Proposes Extending Licensing Deal with Cubic for Open Payments Technology

NFC TIMES Exclusive Insight – London transit authority Transport for London is proposing to extend an agreement with U.S.-based fare collection system vendor Cubic Transportation Systems to license the authority’s technology used in its pioneering contactless open-loop payments system.