NFC Times Exclusive Insight –Apple has cracked the big five banks in Canada, with two of the country’s largest banks, including Royal Bank of Canada, today announcing they are participating in Apple Pay, with the three others to follow.
NFC Times Exclusive Insight – The head of the Canadian telco joint venture Suretap Wallet told NFC Times that this week’s launch of the telco’s new wallet service was not prompted by the expected expansion of Apple Pay into Canada later this year.
Quebec-based credit union Desjardins says that it expects gradual, or what it calls “progressive,” adoption of the SIM-based NFC mobile payments service, which it launched commercially this week, following an earlier soft launch.
NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.
Canada’s TD Canada Trust today announced the launch of its NFC-enabled TD Mobile Payment service, a Visa-branded credit application, which will be available on NFC SIM cards issued by all three of Canada’s major mobile operators.
Canadian debit network Interac, along with the Royal Bank of Canada, McDonald’s Restaurants of Canada and BlackBerry demonstrated what Interac billed as the first NFC-enabled debit transaction in Canada.
Research In Motion continues to promote its own trusted service management service–the only handset maker to offer one–announcing Wednesday approval by Visa of the service to manage secure elements on NFC phones.
Canada’s largest mobile operator, Rogers Communications, and one of the country’s largest card issuers, Canadian Imperial Bank of Commerce, will launch an NFC-based mobile-payment service Nov. 16, with plans to expand the service early next year.
NFC Times Exclusive Insight – On Track Innovations CEO Shlomi Cohen sought to reassure investors that the company he took over nine months ago is more competitive and is moving toward profitability, though he declines to predict when it will turn its first yearly profit since its founding in 1990.
NFC Times Exclusive Insight – The issue over availability of tokenization services and whether the major global networks, such as Visa, are allowing for a level playing field among token service providers has reached Taiwan–with a former prime minister and chief banking regulator weighing in on the topic–as Taiwanese officials decide how best to expedite the arrival of such mobile payments services as Apple Pay, Samsung Pay and Android Pay.
NFC Times Exclusive Insight – Despite providing the NFC technology for three “OEM Pays” that have launched in China or which are scheduled to do so, NXP Semiconductors CEO Richard Clemmer still says he sees transit fare collection as the main opportunity going forward for the chip maker’s NFC technology in China.
NFC Times Exclusive insight –Yandex.Money, sometimes called the “Russian PayPal,” is using host card emulation for its new NFC-enabled payments service, a Yandex.Money representative told NFC Times. PayPal earlier told NFC Times it also plans to use HCE for its app in the U.S.
NFC Times Exclusive – More than two years after EMVCo released its tokenization guidelines, there are still few token service providers operating besides those of the major payments networks, and there are no specifications yet from top networks Visa and MasterCard to help vendors to tokenize cards supporting their brands.
NFC Times Exclusive Insight – ANZ is the first bank in Australia to launch with Apple Pay, with Apple able to crack into the big four banks, which had been balking at signing up for the payments service mainly because of Apple’s demands for transaction fees.
NFC Times Exclusive Insight – Chinese smartphone maker Xiaomi is the latest OEM to announce plans to join the “Pays” club, working with payments network China UnionPay to launch an NFC-enabled mobile payments service in China, although giving no details on a launch date or participating banks.
NFC Times Exclusive Insight –It is perhaps a measure of just how big of a hit SIM suppliers took from the closing of the Softcard wallet in the U.S. early last year that their SIMalliance vendor trade group is refusing to release NFC SIM shipment figures publicly for either the North American market or globally for 2015.
NFC Times Exclusive –Few industry sources agree on the size of the contactless-acceptance footprint in the U.S. that enables merchants to accept Apple Pay and other NFC-enabled wallets; but one thing most of them do agree on is that contactless acceptance is not sufficient to support any kind of significant adoption of the wallets.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient turned around its financial results in 2015, including its money-losing banking and SIM card unit, thanks mainly to restructuring and higher shipments of EMV bank cards to China and the U.S., the privately held company disclosed Tuesday.
NFC Times Exclusive Insight – Singapore’s three major mobile operators are giving SIM-based NFC services another try, hoping that the offer of mobile transit fare collection will encourage more consumers to use their NFC phones to tap to pay, following the flop of the country’s NFC retail payments rollout that began in 2012.