Topic “Embedded secure elements”

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.

Large Russian Bank, Like Other Issuers, Finding HCE Not So Easy to Roll Out

NFC Times Exclusive – Last May, when the venture capital arm of Russia’s largest bank, Sberbank, and vendor Sequent Software publicized plans for launching NFC mobile payments with both embedded chips and host-card emulation, the publically stated plan was for short pilots leading to launches before the end of the year.

Top 10 Misses for NFC in 2014; Project Backers Look to Recover Momentum in 2015

Jan 7 2015

NFC Times Exclusive – While the NFC industry saw a breakthrough in 2014 with the launch of Apple Pay, the year also was marked by a number of disappointments and missed opportunities.

NXP Seeks to Open Up Access to Embedded Chips in Android Phones

Nov 20 2014

With interest growing again in embedded secure elements in NFC phones to store applications, thanks to Apple Pay, NXP Semiconductors is trying to drive demand for its embedded chips in Android phones by making it easier for service providers to load their applications on the silicon.

Amid High-Profile Win with Apple, NXP Quietly Loses NFC Business for Samsung’s Galaxy Handsets

NFC Times Exclusive: While NXP Semiconductors won the coveted contract to supply NFC chips and secure elements to Apple for its new iPhone models, it has been cut out of the recent business for Samsung Galaxy handsets, including the Note 4.

China UnionPay Reportedly Strikes Deal with Samsung to Use Embedded Chips

Oct 9 2014

Samsung Electronics reportedly says it has an agreement with payment network China UnionPay that would enable embedded chips in more than 3 million of its devices in China with China UnionPay’s contactless-payments service, though no banks have yet been mentioned as issuers.

HEADLINE NEWS

CASE STUDY: Asia-Pac’s First HCE Launch–Higher Transaction Value, Though User Numbers Remain Small

Jun 23 2015

UPDATED: NFC Times Exclusive – Australian credit union CUA has seen a 16% increase in value of transactions for mobile payments since the launch of its host-card emulation mobile-payments app last summer, though user numbers have remained small 11 months after one of the first HCE commercial launches globally.

Vendors Say Mobile Payments at Vending Machines on the Rise

NFC Times Exclusive Insight – Suppliers of cashless payment for vending machines predict the rollout of Apple Pay, along with planned introduction of Android Pay, will continue to reduce the use of cash at U.S. vending machines and will also lead to higher transaction amounts, though did not release actual figures.

Taiwan Banking Joint Venture to Request Tenders for HCE and Tokenization Platform

NFC Times Exclusive Insight – Taiwan’s banking joint venture, Taiwan Mobile Payment Co., has disclosed that it will issue a request for tenders for a host-card emulation and tokenization platform, with plans calling for the technology to be made available to Taiwanese banks for mobile-payments launches by the end of the year.

Apple, Transport for London Face Potential Problems Enabling Apple Pay for Fare Collection

NFC Times Exclusive – Both Apple and Transport for London are trumpeting the coming use of Apple Pay to pay fares on various modes of mass transit in London, including the fast-paced London Underground. But they face a couple of problems.

Apple Announces Addition of Nonpayments Applications, First International Expansion for Apple Pay

Jun 11 2015

NFC Times Exclusive Insight – Apple today announced major new updates to Apple Pay, including the addition of store credit, debit and loyalty cards in the U.S., expansion of the mobile-payments service to its first overseas market, the UK, and a renaming of the wallet app itself from Passbook to Wallet.

Dateline Australia: Reality Check for Apple in Efforts to Expand Apple Pay

Jun 7 2015

MELBOURNE, SYDNEY, Australia – NFC Times Exclusive: On the face of it, Australia would seem like an ideal market for Apple to expand its Apple Pay service outside of the U.S. After all, iPhone market share here now hovers around 40%, usage rates of contactless payment at retail are the highest in the world and major banks are eager to roll out mobile payment.

UPDATED: Visa, MasterCard Tout Tokenization as Android Pay Gears Up; Likely Long-Term Play for Schemes

Jun 5 2015

UPDATED: NFC Times Exclusive Insight – Relatively little noticed amid the widespread coverage of Google’s unveiling of its new Android Pay platform last week are the continued tokenization plays by major payment networks, Visa and MasterCard Worldwide, including Visa’s announcement of a new tokenization program and pricing policies, geared toward such platforms as Android Pay. 

Google Unveils Response to Apple Pay, Pitching Android Pay as ‘Open Platform’; Visa, MasterCard See Tokenization Opportunity

Jun 5 2015

NFC Times Exclusive Insight – Google announced its much-anticipated response to Apple Pay, with an updated host-card-emulation-based payments platform, Android Pay, that will incorporate tokenization,  fingerprint biometrics and in-app payments, in addition to in-store tapping to pay. 

RadioShack CIO: Apple Pay Succeeds Where Google Wallet ‘Flopped’

MELBOURNE, Australia – NFC Times Exclusive: U.S. retail electronics chain RadioShack is seeing 10% of its transactions from Apple Pay in its stores equipped with contactless readers, Michael Carper, CIO for the financially troubled retailer said.

Samsung to Work with Established Trusted Service Managers for Samsung Pay

NFC Times Exclusive Insight – Samsung is hiring established TSM vendors to assist with the provisioning and secure element management for its forthcoming Samsung Pay service, at least in some markets, sources told NFC Times.

Profits Remain Elusive for Contactless Reader and NFC Tech Supplier OTI

NFC Times Exclusive Insight – Israel-based On Track Innovations reported continued negative adjusted EBITDA and didn’t announce any new major reader sales during a recent conference call to discuss the company’s first quarter earnings. Despite a recent patent case win, investors appear to be getting impatient.

Oberthur Sales Expected to Grow This Year Following Flat 2014; Vendor Seeks Higher Profits to Reduce Debt

NFC Times Exclusive – Oberthur Technologies, the No. 2 smart card vendor globally and a major bank card and SIM supplier, had flat sales in 2014, blamed mainly on lower revenue in its telecom business unit from falling prices for lower-end SIM cards, slow sales of NFC SIMs and a hiatus in its contract to supply embedded chips to Samsung.