Topic “Embedded secure elements”

NFC Secure Element Shipments Likely Dropped for First Time in 2016, and Vendor Group Cuts Forecast for 2017

NFC TIMES Exclusive Insight – Shipments of NFC secure elements almost certainly fell in 2016, based on recent figures released by vendor association Eurosmart, though the group is again declining to release specific shipment figures for NFC cards and embedded chips, instead combining the NFC unit shipments with those for machine-to-machine modules.

NFC Secure Element Shipments to Miss Vendor Forecasts; Trade Group Eurosmart Declines to Release Details

NFC Times Exclusive – NFC secure element shipments for 2016 will be lower than earlier forecasts by card and chip vendor trade association Eurosmart, although the group is not saying by how much.

Inside Secure Undertakes More Restructuring Following Dismal 2015 Results

NFC Times Exclusive Insight – Inside Secure, once a supplier of NFC controllers, is also exiting the market for NFC embedded secure elements, a product for which it never gained any traction. But the France-based vendor says it will continue to supply security for HCE payments apps.

Analysis: Embedded Chips Get Boost From Xiaomi Deal, Though No Broad Deployments Yet

Mar 1 2016

NFC Times Exclusive Insight – The decision by major Chinese smartphone maker Xiaomi to include embedded secure elements in its new flagship, the Mi 5, may signal that other Chinese OEMs will also back the technology for their devices, but those embedded chips would mainly be targeted at transit ticketing applications, not payment like Apple Pay.

After False Start, NXP Adds Wearables as Target for Embedded Chip Loader Service

NFC Times Exclusive Insight – NXP Semiconductors will take another crack at rolling out its “loader service,” which seeks to make it easier for service providers to load payment and other applications on the chip maker’s embedded secure elements by managing keys on the chip.

Vendor Group Confirms 30% Growth in NFC Secure Elements in 2014; Revises 2015 Growth Rate

NFC Times Exclusive Insight – Smart card vendor association Eurosmart has confirmed its estimate that vendors shipped 350 million NFC secure elements last year, up 30% from the year before, fueled by embedded chips in Apple’s iPhones and what is probably the last significant growth spurt in NFC SIM card shipments. It predicts shipments of 550 million secure elements in 2015, up 57% from 2014, though revised downward from an earlier projection.

Samsung Pay Head: Interest in Embedded Chips Grows for Payments and Nonpayments; eSE Won't be Limited to Samsung Pay

May 4 2015

NFC Times Exclusive –  Besides payments, Samsung is targeting nonpayment applications, and is seeing “growing interest” in its embedded chips, Samsung Pay director Victor Kim told NFC Times.

Commonwealth Bank Launching HCE; Other Australian Banks Expected to Follow

May 25 2015

NFC Times Exclusive Insight – One of Australia’s largest banks, Commonwealth Bank, is launching NFC payments from its mobile-banking app using host-card emulation, having earlier tried embedded secure elements, contactless stickers and iPhone attachments.

Galaxy S6 to Carry Embedded Secure Element; Samsung Splits NFC Controller Contract

Mar 2 2015

BARCELONA, Spain – NFC Times Exclusive (UPDATED): The Galaxy S6 will carry an embedded secure element, mainly to enable nonpayment applications, while supporting NFC payments with host-card emulation and storing payment tokens in a secure area on the processor, an ARM-based TrustZone, a representative of Samsung told NFC Times. The embedded secure element also could be used to store tokens outside of the U.S. 

Dutch Bank Launches NFC Payments on Embedded Secure Elements

NFC Times Exclusive Insight – Dutch bank Rabobank has launched an NFC-enabled mobile wallet, storing a debit application on embedded secure elements in two older Samsung Android devices, which the bank claims is the first NFC mobile payments launch in the country.

HEADLINE NEWS

Payments Wearables in 2017: Market Makes Progress but Continues to Move Slowly

Dec 20 2017

NFC TIMES Exclusive Insight – While major smartwatch makers are enabling payments from their high-end devices, and there might be an announcement of another major wearables maker supporting payments at next month’s CES trade event, progress is slow for the technology to move to the range of lower-end smartwatches, fitness bands and such passive devices as rings, fobs and bracelets.

French Aerospace and Defense Group Thales Outbids Atos for Gemalto; Would Create Global Digital Security Unit

NFC TIMES Exclusive Insight – Less than a week after Gemalto’s board unanimously rejected an acquisition offer from France-based IT and consulting group Atos, complaining that Atos’ bid at €46 (US$54.18) per share “significantly undervalued the company” and that Gemalto is “best positioned to grow successfully on a standalone basis,” the board has publicly changed course and has unanimously approved a takeover offer from France-based Thales that is only 11% higher.

Mastercard Announces Plans to Enable QR Code-Based Payments in Taiwan

NFC TIMES Exclusive Insight – Mastercard has announced it will support QR code-based payments in Taiwan starting next year, working with the country’s largest credit card acquirer and processor and also Taiwan’s nascent domestic debit card network.

Samsung Pay Launches Octopus in Hong Kong, with Samsung's Latest Flagships Supporting FeliCa Technology

NFC TIMES Exclusive Insight – In the race among the major Pays wallets to add NFC transit ticketing to their mobile payments services, Samsung scored a win over Apple, with today’s launch of “Smart Octopus” with Samsung Pay.

Gemalto Rejects Proposed Atos €4.3 Billion Takeover; Contends Bid Price 'Significantly Undervalues' Company

NFC TIMES Exclusive Insight – The board of struggling French smart card and security vendor Gemalto has rejected an all-cash €4.3 billion (US$5.08 billion) takeover bid by France-based IT services and consulting company Atos, calling Atos’ €46-per-share bid “opportunistic,” and contending that it “significantly undervalues” the company, among other objections.

In-Depth: Atos Offers €4.3 Billion to Acquire Struggling French Vendor Gemalto

Dec 14 2017

NFC TIMES Exclusive Insight – French IT services group Atos hopes to bolster its cybersecurity, IoT and payments offers with its €4.3 billion (US$5.07 billion) unsolicited bid to buy struggling France-based smart card and digital security vendor Gemalto.

Mastercard Quietly Certifies First Data and PayPal to Tokenize Mastercard-Branded Cards

NFC TIMES Exclusive – Mastercard has opened up tokenization of Mastercard-branded card accounts to two other major payments industry players, First Data and PayPal, enabling them to tokenize Mastercard-branded cards for mobile and other digital payments services as an alternative to Mastercard’s own token service, MDES, NFC Times has learned.

Apple Launches P2P Payments Featuring Own Digital Payment Card; Should Banks Worry?

NFC TIMES Exclusive Insight – A key part of Apple’s new Apple Pay Cash peer-to-peer payments service is its digital prepaid debit card–which can be used for in-store NFC purchases and other transactions–a first for the tech giant.

Target Shuns NFC and Apple Pay as Expected with New Wallet; Service Features Private-Label Card

NFC TIMES Exclusive Insight – Target has added its long-anticipated 2-D bar code-based wallet to its mobile app, following rival Wal-Mart Stores in launching its own payments service and shunning NFC and contactless, as expected.

Belgian Domestic Debit Network Seeks to Expand Use of Mobile Payments, Though Consumer Habits Hard to Break

Dec 1 2017

NFC TIMES Exclusive Insight – Belgium’s domestic debit network Bancontact is offering both QR code and NFC-based mobile payments services with 20 banks in the country, as backers seek to expand use by consumers of mobile and contactless payments, which each make up only around 1% of total Bancontact transactions.

Korean and Taiwanese Banks Test Loyalty Points Exchange Using Blockchain

NFC TIMES Exclusive Insight – KEB Hana Bank of South Korea and Taishin International Bank of Taiwan have demonstrated the transfer of bonus points and purchase of coupons using Blockchain technology, with KEB Hana Bank planning to launch initial service for visitors to the Winter Olympics next February in Pyeongchang, South Korea.

Norwegian Banks Move to Defend Against Global Tech Giants by Uniting Payments Services

NFC TIMES Exclusive Insight –  The “Pays” wallets, such as Apple Pay and Android Pay, have not yet launched in Norway, but Norwegian banks are not waiting for tech giants Apple and Google or other outside behemoths, such as Facebook, to try to gain a foothold.