Topic “Citi”

JPMorgan Chase

Headquarters: 
United States

The largest issuer of contactless cards in the U.S. with 30 million deployed since 2005, JPMorgan Chase hasn’t held an NFC trial in a while. Its last public trial with the technology ended in 2006.

India: Citi Goes For Scale With Bangalore Trial

Scope: 
Trial
Status: 
Completed
Launch: 
Jun 2009
Main Application: 
Payment
Users: 
3,141

The six-month "Tap and Pay" trial is one of the largest to date in terms of planned handset numbers.

Results: 

Two months into the trial, 800 of the trial participants had made six or more purchases, according to Citi. Nearly all users had made at least one purchase. Two out of three merchants had accepted an NFC-based phone payment as of September, said Citi. See update.

 

 

* 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.

Canada: Bell, Citi and MasterCard Join for Modest PayPass Test at the Office

Scope: 
Trial
Status: 
Completed
Launch: 
Mar 2008
Main Application: 
Payment
Users: 
About 100

Internal trial held among about 100 employees of CDMA operator Bell Mobility, Citi Cards and MasterCard at Bell’s office complex in suburban Toronto.

U.S.: Citi Taps For Subway Fares in NYC

Scope: 
Trial
Status: 
Completed
Launch: 
Jan 2007
Main Application: 
Payment
Users: 
About 300

The six-month trial enabled a limited number of Citigroup PayPass credit and debit cardholders and fob carriers to tap their Nokia NFC phones to pay wherever PayPass was accepted stateside, including

Results: 

A Citi exec, M.V. “Raja” Rajamannar, in 2007 noted that transaction numbers were more than twice those of conventional (noncontactless) credit cards, according to preliminary results. Those results didn’t include customers paying subway fares, only with conventional merchants, mainly in New York City.

 

 

* 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.

HEADLINE NEWS

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Visa Ready Program May Not be Quite Ready for Tokenization Partners

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Wal-Mart Starts to Expand ‘Scan & Go’ App; Experience Does Not Seek to Mimic Amazon Go Concept

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Alipay to Expand Acceptance of Mobile Wallet in Russia

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Parties Could Settle Lawsuits Stemming from Dispute over Apple Value-Added Services Software

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Apple Discloses Plans for Four More Apple Pay Markets; Confirms Most Transactions Outside of U.S.

NFC TIMES Exclusive Insight – Apple Tuesday disclosed plans to launch its mobile payments service in four more small markets, including three countries in the Nordics, with the tech giant seeing higher usage of Apple Pay outside of the U.S., where NFC-enabled POS terminals are still not widely available.

Major Networks Seek to Capture–and Protect–Transactions by Introducing Global QR Code Specifications

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As Use of Wallets for In-Store Payments Disappoint, P2P Payments to Surpass $120 Billion in 2017

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