Topic “Gemalto”

Gemalto’s Shares Tumble as it Warns of Lower Revenue and a Bigger Miss of Its 2017 Profit Goal

NFC TIMES Exclusive Insight – Shares in France-based vendor Gemalto fell sharply today as it issued warnings before markets opened that its revenue and profit would badly miss projections this year.

Apple Pay Launch in Japan Features New Tokenization Providers

NFC Times Exclusive Insight ­– Apple Pay launched Monday in Japan as Apple’s 12th market for its mobile payments service and the first to support closed

Taiwanese Telco Joint Venture Steers Course Away from TSM; JV President Blames Vendor Safran

Jul 11 2016

NFC Times Exclusive – Alliance Digital Technology Co., the joint venture of five Taiwanese mobile operators and transit fare-collection operator EasyCard Corp., is steering away from the TSM business, which was the reason it formed three years ago, NFC Times has learned. It will add a focus on providing mobile ID and authentication, the JV told NFC Times.

Gemalto Suffers Hit in 2015 from Softcard Closure; Restructures U.S. TSM Unit

NFC Times Exclusive Insight – Although reporting positive overall results for 2015, France-based Gemalto today said SIM revenue fell by 17% and mobile-financial services revenue dropped by 8% for the year, both of which it blamed at least in part on the closing of the U.S. Softcard joint venture last year.

Gemalto Continues to Promote Cloud-Based Payments Offer, Though No Commercial Projects Launched Yet

Jan 20 2016

NFC Times Exclusive Insight – France-based Gemalto, which has been heavily invested in trusted service management and NFC SIM cards in the past, is continuing to push cloud-based payments, announcing certification by MasterCard for its full host card emulation offer–with the help of technology from Moroccan-based payments software company HPS.

Case Study: Norway’s Valyou Wallet–What Went Wrong

NFC Times dissects the challenges and problems that killed the once-touted Valyou wallet service after only 13 months of operation.

NFC Times Exclusive – When Norway’s largest telco, Telenor, and its biggest bank, then called DnB NOR, announced plans to form an NFC joint venture in April of 2008, the future of NFC payments using SIM cards looked promising, but it was too early to launch service.

While Competition Heats Up Among HCE Vendors, Published Certification Lists Remain Thin on the Ground

Nov 6 2015

NFC Times Exclusive – MasterCard has released its first list of certified vendors for host card emulation products supporting its cloud-based payments specifications, though the list includes relatively few suppliers so far. Meanwhile, neither Visa nor MasterCard has apparently certified tokenization suppliers.

Mozido Tops Gemalto to Win Taiwanese HCE and Tokenization Contract

NFC Times Exclusive A joint venture of Taiwanese banks and banking groups has chosen U.S.-based Mozido to supply it with host card emulation, tokenization and wallet technology, a surprise win for Mozido, which bought the U.S. mobile commerce arm of South Korean IT services firm SK C&C less than a year ago, NFC Times has learned. 

Shutdown of Softcard Costs Major Technology Supplier Gemalto Millions

Aug 28 2015

NFC Times Exclusive Insight – France-based Gemalto estimates it is losing around €30 million (US$33.8 million) in revenue per quarter from the closing of the Softcard mobile-payments service in the U.S. last March–a setback that will end up costing the vendor nearly €100 million in lost sales this year and around €50 million in profit.

TSM Banking Group Joint Venture Accepts Bids for HCE and Tokenization

Aug 5 2015

NFC Times Exclusive – Taiwan’s TSM banking joint venture has received proposals from at least four vendors to supply a wallet platform with host-card emulation, as well as tokenization technology, as the group seeks to expand its thus far little-used TSM platform to offer its member banks the ability to launch cloud-based NFC payments by the end of 2015, NFC Times has learned.

HEADLINE NEWS

USA Technologies Seeks to Bolster Services, Markets with Acquisition of Cantaloupe Systems

NFC TIMES Exclusive Insight – Unattended point-of-sale vendor USA Technologies expects to close its $85 million deal to acquire competitor Cantaloupe Systems next week, telling NFC Times the deal will add to USAT’s suite of services and expand its international reach.

Orange Cash Gets New Life as Part of Orange Bank App

NFC TIMES Exclusive Insight – As expected, Orange will continue offering its NFC-enabled Orange Cash Visa-branded card with the launch of its Orange Bank mobile service.

First HCE-Enabled JCB Cards to Hit Market in Taiwan in First Quarter

Nov 14 2017

NFC TIMES Exclusive Insight – Japanese credit card company JCB will participate early next year in a mobile wallet from the Taiwan Mobile Payment banking joint venture, marking the first time JCB will support host card emulation in a mobile payments service.

Canadians Take to Contactless Cards, but NFC Wallets? Not So Much

NFC TIMES Exclusive Insight – While a well-developed contactless card and POS terminal infrastructure and strong consumer take-up of contactless card payments has often been touted as the gateway to use of mobile payments, that is often not the case. Take Canada, for instance.

New York Approves Delayed Contract for Contactless Fare Collection, Clearing Way for Rides with NFC Wallets

NFC TIMES Exclusive Insight – The New York Metropolitan Transportation Authority board has approved a long-anticipated contract to enable riders to pay with contactless credit and debit cards, including cards loaded into NFC mobile wallets, by 2019–the largest transit authority to do so since Transport for London launched open-loop fare collection in late 2012.

Fitbit Chief Plans to Enable Entire Product Line for Payments with NFC; Challenges Lie Ahead

NFC TIMES Exclusive Insight – LAS VEGAS:  Fitbit CEO James Park today said the large wearables maker plans to enable contactless payments across its entire range of devices over the next few years using NFC technology, a move he said he hopes will help make contactless payments “ubiquitous around the world.”

Major League Baseball to Roll Out Availability of NFC Ticketing in 2018, but Will Stadiums Adopt the Technology?

NFC TIMES Exclusive – Major League Baseball in the U.S. may roll out NFC mobile ticketing next year as part of Apple Pay, although it’s unclear how many stadiums or other venues would be involved, sources told NFC Times.

Apple Promotes ‘Everyday’ Commerce for Apple Pay as It Seeks to Increase Transactions

NFC TIMES Exclusive Insight – LAS VEGAS:  As Apple continues to try to address what many observers consider to be a disappointing showing for its now three-year-old payments service, Apple Pay chief Jennifer Bailey played up the theme “Everyday (commerce) With Apple Pay,” during a keynote at the Money 20/20 fintech show Sunday.

Group Representing Big U.S. Banks Plans to Issue Own Tokens for Cards Carrying Major Brands

NFC TIMES Exclusive Insight – The Clearing House, a group of the largest banks in the U.S., announced its first plans to tokenize cards branded by a major network, as the banks seek to reduce their dependence on tokenization by the major card schemes.

Apple Watch Likely to Lag Behind in Tag-Reading Ecosystem

NFC TIMES Exclusive – As the NFC tag industry responds to iOS 11, Apple Watch isn’t drawing much focus, and use cases for tag-reading on the wearable remain limited.

Mobile Payments Contribute to Slow Decline of Cash

NFC TIMES Exclusive Insight – Mobile payments are one of the key factors driving the gradual replacement of cash with card and digital payments, according to the annual World Payments Report released this week by consulting and IT services firm Capgemini and major French bank BNP Paribas.

Apple Pay Finally Signs Up Second Major Bank in New Zealand

NFC TIMES Exclusive Insight – In certain markets, Apple continues to face resistance from major banks, which, among other things, do not want to participate in an Apple-branded wallet. That’s true in Australia and in such major Western European markets as France, Spain and Italy, where only one major bank in each country is supporting Apple Pay.