NFC Times Exclusive: All publicly traded vendors across the NFC ecosystem have filed their year-end earnings reports, and the results show a mixed bag of promising sales for contactless and EMV technology, continued restructuring and expected challenges ahead with the advent of host-card emulation.
Identive Group showed higher revenue in the third quarter, thanks to a jump in NFC and RFID sales, but took a large impairment charge and will sell some “noncore assets,” as its share price continues to hover around historic lows.
The board of U.S.-based Identive Group has replaced its CEO, signaling a new direction for the ID, reader and NFC tag supplier toward more authentication services and cloud-based technologies, especially targeting mobile devices. The vendor said it would support NFC for the authentication products or services as well as continued support for tags.
As NFC-enabled mobile devices reach the market in larger numbers, announcements of commercial-grade NFC-enabled advertising campaigns have also increased, demonstrating that the market for NFC-enabled marketing is beginning to materialize.
As the Hungarian Mobile Wallet Association prepares to enable its members to commercially launch NFC mobile payments, it has released the results of its 12-month NFC payments and loyalty pilot along with a survey of users.
France-based telco Orange and Air France, along with airline industry and information technology services provider SITA have launched a trial of an NFC boarding pass application for the airline’s route from Toulouse to Paris, and SITA is also piloting Bluetooth low energy beacons at Dallas/Fort Worth International Airport.
NFC Times Exclusive: Both Visa and MasterCard plan to offer their own HCE services to banks and other issuers to help the financial institutions launch host-card emulation, as the payment networks continue to try to expedite the rollout of HCE technology for NFC mobile payments, NFC Times has learned.
NFC Times Exclusive: Host-card emulation represents an “inflection point” for driving the rollout of NFC mobile payments and could also help the SIM-based NFC ecosystem to become more efficient and less costly, the head of payments innovation for major Spanish bank BBVA told NFC Times.
NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.
Spanish bank BBVA is claiming to be the first bank to commercially launch payments with host-card emulation, announcing today an upgrade of its Android mobile-wallet app incorporating Visa’s HCE specifications.
France’s mobile-operator-led NFC association, AFSCM, has dropped its long-held NFC logo and touchpoint symbol for nonpayment services, Cityzi, in favor of on logo based on EMVCo’s contactless-payment acceptance mark.