Topic “Discover Financial Services”

Analysis: Agreements with Visa, Mastercard and Earlier Deal with Discover Could Help PayPal Reverse Years of Failures at Physical Point of Sale

NFC Times Exclusive Insight – Agreements that were announced with Visa, Discover and, last week, Mastercard may finally help PayPal reverse years of failed attempts to enable customers to pay with its PayPal Wallet in stores.

PayPal to Use Discover Network and HCE to Launch NFC in U.S.

NFC Times Exclusive – BARCELONA: PayPal will use host card emulation and the contactless acceptance network of Discover Financial Services to support NFC in the U.S. from the planned new version of its mobile app, NFC Times has learned.

Chase Pay to Challenge Payment Networks, NFC Technology

Oct 28 2015

NFC Times Exclusive Insight – LAS VEGAS, Nev.: In a surprise move, JPMorgan Chase, the largest U.S. credit and debit card issuer by payment volume, announced plans to launch its own wallet app–along with a low-cost mobile-payments service accepted by Wal-Mart Stores and other big U.S. merchants in the MCX merchant consortium.

Fourth U.S. Payments Network to Support Apple Pay; Discover Financial to Launch NFC Commercially after False Starts

NFC Times Exclusive Insight – Payment network Discover Financial Services announced its support for Apple Pay on Monday, becoming the fourth major payment networks in the U.S. to join Apple Pay.

AmEx and Discover Weigh In On HCE, Tokenization and Acceptance

Las Vegas, Nev. – No single mobile payments provider or platform will dominate the market in the long run, so card networks should adopt a flexible approach, CEOs of two major payment networks, American Express and Discover Financial Services, told attendees at this week’s Money 2020 conference.

Verizon, Discover Join NFC Forum as Principal Members

Verizon Wireless, the largest mobile operator in the U.S., along with U.S. payment brand Discover Financial Services have joined the NFC Forum as principal members, giving them a say in developing NFC standards and forum policy.

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.

Google to Introduce New Version of Wallet Next Month; iPhone App Possible

Oct 24 2012

UPDATE: LAS VEGAS, Nev. – Google plans to announce a new version of its Google Wallet by mid-November, which would include a greater role for offers and expansion of the platform to other devices, including a possible app for the iPhone, NFC Times has learned. END UPDATE.

Google: More Issuers to Integrate with Wallet; Could Pose Threat to Telco Business Case

Aug 31 2012

Google Wallet product manager Robin Dua said the company expects more payment card issuers to soon announce support for the wallet–enabling their customers to easily add their cards to the NFC-enabled cloud-based wallet.

Discover Financial’s Emerging Payments Chief Departs for Barclaycard

Jun 18 2012

Farhan Ahmad, who headed U.S.-based Discover Financial Services’ prepaid and emerging payments units, including its nascent NFC and contactless programs, has left Discover for UK-based issuer Barclaycard, NFC Times has learned.

HEADLINE NEWS

Exclusive: What Tokenization Fees from Visa Might Look Like for Issuers

NFC TIMES Exclusive – While Visa has said it is waiving tokenization fees for issuers that join its commercial tokenization hub, VDEP, and use its Visa Token Service, some observers believe the network will charge the fees sooner or later.

Sony Launches Support for FeliCa Technology on HCE Devices, Though Few Handsets Available Yet

NFC TIMES Exclusive – Japan’s Sony Corp. is supporting host card emulation with its proprietary FeliCa contactless technology, which could enable service providers to avoid the need for secure elements in rolling out FeliCa-based applications on NFC phones.

Samsung Semiconductor Faces Challenges in Rolling Out Contactless-Payments Service for Wearables

NFC TIMES Exclusive Insight – Samsung Semiconductor believes there is room for yet another closed-loop payments service, one that enables consumers to pay with contactless wearables devices that carry its dual-interface chips.

Android Pay Launches in Belgium, While State-Owned Belfius Bank Takes Two-Staged Approach to Own HCE Rollout

NFC TIMES Exclusive – Two of the largest banks in Belgium have launched, or are planning to launch, HCE-based mobile payments but chose different approaches: BNP Paribas Fortis decided to first launch with Android Pay, while state-owned Belfius Bank plans to enable the service within its mobile-banking app.

Serbia's KomBank Seeks to Increase Mobile Banking Users with HCE Service

NFC TIMES Exclusive – Komercijalna banka Beograd, known as KomBank, one of Serbia’s largest banks, incorporated a host-card-emulation-based mobile payment service into its mobile banking app to increase awareness and use of the app, Slobodan Lukić, the bank's deputy director of the payment cards division told NFC Times.

Apple Pay Launches in Ireland and Gears Up in Italy; but Only One Major Bank On Board So Far in Each Country

NFC Times Exclusive Insight – Apple has expanded its mobile payments service to another small market, with its launch Tuesday in Ireland, but is preparing to launch in a much larger market, Italy.

Taiwan’s Largest Transit Ticketing Service Plans Bluetooth-Enabled Mobile Ticketing, Though Needs Regulatory Approval

NFC TIMES Exclusive – Taiwan’s EasyCard Corp., the operator of the country’s largest closed-loop transit and retail payments service, is working with a provider of Bluetooth-enabled mobile payments technology to offer customers an NFC-like experience to pay for rides and purchases in stores.

Australian Domestic Debit Network Nears Launch of Token Service Provider to Compete with Visa and Mastercard

NFC TIMES Exclusive – Australia’s largest domestic debit network, eftpos, plans to launch its overdue tokenization service commercially by the second quarter, likely serving at least one of the country’s big four banks for its HCE mobile wallet and one or more of the “Pays” wallets, such as Android Pay and possibly Apple Pay, NFC Times has learned.

Certification Issues and Legal Battle Delay Launch of Kerv Ring; Wearables Maker Says Ring Ready

NFC TIMES Exclusive – After two years addressing design, certification and legal issues, UK-based start-up Kerv Wearables says it’s finally ready to launch its NFC-enabled ring.

Exclusive: Why are Some of the Largest U.S. Merchants Balking at Supporting NFC?

NFC TIMES Exclusive – While the base of contactless point-of-sale terminals in the U.S. has grown substantially over the past two and a half years, some of the country’s largest merchants continue to resist the idea of accepting such NFC wallets as Apple Pay and Android Pay.

Exclusive: Taiwanese Banks to Pay Apple Cut of Transaction Fees on Par with U.S.

NFC TIMES Exclusive – TAIPEI, Taiwan: Apple will collect a cut of transaction fees from Taiwanese banks on credit card transactions that is around the same level as the tech giant takes from U.S. credit card issuers, when Apple Pay launches in Taiwan, expected later this month, NFC Times has learned.

Analysis: Why QR Codes are Challenging NFC to Enable Mobile Payments

NFC TIMES Exclusive – Despite the resurgence in demand for NFC technology with the launch of Apple Pay in 2014, followed by other NFC-enabled “Pays” wallets and the separate rollout of HCE technology by Google, use of QR codes for mobile payments continues to grow in popularity globally.