Topic “Ed McLaughlin”

Visa and MasterCard Change Strategy on Tokenization Fees; Observers See Gambit to Lock in Market

NFC Times Exclusive Insight – Visa maintains that its offer to waive tokenization fees for the long term is designed to simplify the connections between thousands of card issuers and such wallet providers as Google and, perhaps later, Apple, thus driving widespread rollouts of mobile-payments services.

People on the Move: MasterCard Makes Executive Changes to Mobile Team

NFC Times Exclusive – MasterCard Worldwide has named James Anderson group executive for platforms, a key position inside the payment network, which is seeking to secure its role in the ecosystem as mobile payments start to gather steam, NFC Times has learned.

MasterCard Prepares to Offer PayPass on Embedded Chips in Samsung NFC Phones

MasterCard Worldwide is the latest payment scheme to work with Samsung Electronics, with plans to soon offer its PayPass application for embedded chips in new Samsung NFC phones, NFC Times has learned.

MasterCard to Focus on ‘Digital Convergence’ as It Revamps Mobile-Payments Effort

MasterCard Worldwide is reorganizing its mobile-payments effort and team, planning to focus on what it calls “digital convergence,” with the aim of “enabling every connected device to be a commerce device,” NFC Times has learned.

PayPal: Google at Disadvantage in Rolling Out Mobile Wallet

PayPal has an advantage over another big Internet player, Google, in rolling out payments at the physical point of sale because it already has tens of millions of payments customers on file with billions in their accounts “ready to spend,” contends Don Kingsborough, PayPal’s vice president for retail and prepaid products.

MasterCard Unveils Wallet Offer; Expands PayPass Name to Online Transactions

NEW ORLEANS – MasterCard today announced its answer to Visa’s digital wallet and other wallets planned by competitors, introducing its PayPass Wallet Services.

Intel and MasterCard Work on NFC Tap-to-Pay Technology for Web Shopping

Nov 15 2011

Intel and MasterCard Worldwide have announced plans to enable consumers to tap their NFC phones and contactless cards on notebook computers to shop on the Web.

Four Major U.S. Payment Networks to Support Isis

Jul 20 2011

The four major U.S. payment networks will work with mobile carrier joint venture Isis as it rolls out NFC-based mobile commerce in the United States, it was announced today.

MasterCard Confirms Appointment of Orange's Woo as Head of Mobile

MasterCard Worldwide today announced its expected appointment of Mung-Ki Woo, the head of NFC and mobile-money activities at France Telecom-Orange Group, as the card network’s new group executive for mobile.

HEADLINE NEWS

Square Introduces Square Cash for In-Store Purchases With Apple Pay, as Expected

NFC Times Exclusive Insight – Square CEO Jack Dorsey announced Tuesday that the payments company is making its Square Cash service available for in-store payments with Apple Pay. NFC Times was first to report the planned move Nov. 1.

Android Pay Launches in New Zealand with Participation from Only One Bank

NFC Times Exclusive Insight – Just a couple weeks after launching its mobile payments service in Poland, Google has expanded to another market, New Zealand–and as in Poland, Android Pay is backed there by only one major bank at launch, Bank of New Zealand.

American Express Launches Amex Pay in the UK, in Addition to Canada

NFC Times Exclusive – American Express has quietly launched its HCE-enabled mobile payments service in the UK, along with its launch in Canada, which it announced Wednesday, NFC Times has learned.

Apple Pay Launches in Spain with Support from Santander, Mastercard and American Express

NFC Times Exclusive Insight – Apple has continued to expand its NFC payments service, today launching Apple Pay in Spain, with participation from one of the country’s biggest banks, Banco Santander, and two payments networks, Mastercard and American Express.

Australian Antitrust Regulators Reject Big Banks’ Request for Collective Negotiations With Apple

NFC Times Exclusive Insight – In a draft decision, the Australian Competition and Consumer Commission has denied a request from four major banks for permission to negotiate collectively with Apple and boycott participation in Apple Pay during the discussions, with regulators expressing concern that such a position “could reduce or distort competition in a number of markets.”

ABN AMRO Launches HCE Wallet Commercially Following Pilot; Manager: Testing Vital to Ensure NFC Phones Work with POS Terminals

NFC Times Exclusive - AMSTERDAM, the Netherlands: ABN AMRO is the third and last of the Netherlands’ big three banks to launch its own mobile wallet, launching service today for its Maestro debit cardholders, the bank confirmed to NFC Times.

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.