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Topic “HSBC”

Gemalto Announces Licensing Deal for TSM Aggregation Service in Hong Kong

Gemalto today announced a contract, awarded last year, to supply a TSM platform to Hong Kong ATM and interbank group Jetco.

Market Spotlight: Banks Take Active Role in Coming Commercial Launches in Hong Kong

Two of Hong Kong’s largest banks, HSBC and Hang Seng, have announced plans to launch NFC mobile payments on SIM cards with Hong Kong’s major mobile operators, but using their own Android apps. Meanwhile, interest in embedded secure elements among banks remains high in the market.

Hong Kong Bank and Telco Announce Plans for NFC Rollout

One of Hong Kong’s largest banks and a major telco have announced plans to commercially launch NFC payments during the first half of 2013, putting a MasterCard PayPass credit application onto SIM cards issued by PCCW mobile.

Market Spotlight: Banks Take Active Role in Coming Commercial Launches in Hong Kong

Two of Hong Kong’s largest banks, HSBC and Hang Seng, have announced plans to launch NFC mobile payments on SIM cards with Hong Kong’s major mobile operators, but using their own Android apps. Meanwhile, interest in embedded secure elements among banks remains high in the market.

U.S.: HSBC Tests NFC With Internal Pilot

Scope: 
Trial
Status: 
Completed
Launch: 
Jan 2007
Main Application: 
Payment
Users: 
N/A

Six-month trial enabled bank employees in NY, Chicago and other cities to download credit card data into the NFC attachable shell in the Nokia 3220 phone and tap to pay wherever MasterCard PayPass was

HEADLINE NEWS

Contactless Reader and NFC Vendor OTI Reports Higher Sales

Israel-based On Track Innovations reported new orders for its NFC and contactless readers in North America, along with the first shipments of its NFC-enabled Wave attachment, driving higher revenue, though the vendor’s quarterly losses continued.

Identiv Reports Higher Revenue; NFC a Key Driver

U.S.-based Identiv reported higher revenue and narrowed losses for the second quarter, predicting a breakeven or positive result by the end of the year, as the company’s restructuring program draws to a close.

Inside Sees First-Half Revenue Fall, but Says Strategic Shift on Track

Aug 5 2014 (All day)

France-based Inside Secure reported a 9% drop in revenue in the first half, which it blamed on the end of shipments of NFC chips to BlackBerry and lower sales of “legacy” EMV chips to Europe.

Westpac NZ Product Chief: HCE Offers Bank More Simplicity, Control

Aug 1 2014

NFC Times Exclusive: Westpac New Zealand’s product chief told NFC Times he believes host-card emulation will reduce costs and increase flexibility, while ensuring the bank can use its own branded wallet.

With HCE Threat Looming, Telcos and Their Trade Group Seek to Cut Cost and Complexity of SIM-Based NFC

NFC Times Exclusive: With interest in host-card emulation continuing to grow and SIM-based NFC rollouts in need of a boost, mobile operators and their global trade association, GSMA, are pushing for significant cuts in the cost and complexity of TSMs and lowering other hurdles that have discouraged service providers from provisioning their applications on SIM cards.

Broadcom Discusses Connectivity Chip Wins but Makes No Mention of NFC Following Q2 Results

U.S.-based Broadcom did not mention NFC in its recent conference call with analysts following release of its second quarter results, in which it announced cuts to its global workforce of 20% by exiting the baseband mobile processor business.

People on the Move: Group of Visa Vets Form Start-Up, Tapping NFC and BLE Technologies

A group of former top managers in Visa’s mobile program have formed a start-up that plans to use NFC and BLE to deliver coupons, rewards and other offers to consumers in stores, using the branded apps of retailers or other marketers.

Visa Offers New Details of Planned Tokenization Service

Visa Inc. has released a few more details of its planned tokenization service, which it announced last week as part of its Visa Digital Solutions “suite of offerings.”

Transport for London to Accept Bank Cards, NFC Phones on Underground, Other Transit Modes

Transport for London today announced it would launch acceptance for open-loop bank cards and other contactless payment on its heavily traveled London Underground and other modes of transit in September, while the UK’s largest mobile operator, EE, announced customers could begin to tap their NFC phones to pay fares at the same time.

Visa Announces Plans to Introduce Token Service as Part of Mobile Revamp

Jul 25 2014 (All day)

Visa Inc. announced Thursday it would launch a tokenization service in September, as part of what it calls its Visa Digital Solutions “suite of offerings.”

NXP Reports Higher NFC Sales, Offers No Hints on NFC-Enabled iPhone

Jul 30 2014 (All day)

NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.

Westpac New Zealand Launches HCE Trial, Snubbing Country's Planned TSM Platform

Westpac New Zealand has announced a small trial of host-card emulation-based payments, with plans to introduce the technology to customers early next year.