The NFC Forum’s board has elected co-vice chairmen, representing rival NFC chip makers Broadcom and NXP Semiconductors, as the standards and trade group continues work trying to expand the reach of NFC technology.
NFC Forum’s pick for its new executive director, Paula Hunter, will be taking over the day-to-day operation of the standards and trade group as it seeks to help spur more market adoption of NFC technology.
Japan’s Sony Corp. is producing millions of NFC tags for the company’s consumer electronics devices and accessories, following the introduction by Sony of its NFC-based One-touch connectivity feature, a representative told NFC Times.
Even as the NFC Forum attempts to broaden the reach of its NFC touchpoint symbol, known as the N-Mark, rival marks are surfacing, threatening to present consumers with a fragmented array of NFC icons as the technology rolls out.
The NFC Forum trade and standards group today announced several new members, including one of Canada’s largest mobile operators, Rogers Communications, and a chip maker for smartphones, Marvell Technology Group, as voting members.
NFC Times Exclusive –Few industry sources agree on the size of the contactless-acceptance footprint in the U.S. that enables merchants to accept Apple Pay and other NFC-enabled wallets; but one thing most of them do agree on is that contactless acceptance is not sufficient to support any kind of significant adoption of the wallets.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient turned around its financial results in 2015, including its money-losing banking and SIM card unit, thanks mainly to restructuring and higher shipments of EMV bank cards to China and the U.S., the privately held company disclosed Tuesday.
NFC Times Exclusive Insight – Singapore’s three major mobile operators are giving SIM-based NFC services another try, hoping that the offer of mobile transit fare collection will encourage more consumers to use their NFC phones to tap to pay, following the flop of the country’s NFC retail payments rollout that began in 2012.
NFC Times Exclusive Insight – France’s domestic debit scheme Cartes Bancaires has been gearing up for the past year to launch a tokenization service for French issuers, with commercial service expected in coming months, including in support of HCE apps launched by banks and possibly for “OEM Pay” services.
NFC Times Exclusive Insight – Samsung’s announcement today of its move into China with Samsung Pay helped the OEM make good on its objective of launching in China by the first quarter, though the launch has happened well after rival device makers Apple and Huawei launched their own mobile payments services in China.
NFC Times Exclusive Insight – Six months after taking the helm of Israel-based On Track Innovations, CEO Shlomi Cohen is seeking to convince investors he can turn around the contactless reader and NFC vendor, which has been struggling despite greater global demand for the company’s main product, contactless readers.
NFC Times Exclusive Insight – Chinese payment network China UnionPay has announced support for Huawei Pay, a deal that could substantially expand the number of banks and payments cards that Huawei could enable for its NFC payments service as it seeks to compete with Apple and Apple Pay.
NFC Times Exclusive Insight – Toronto-Dominion Bank, one of Canada’s largest banks, is the first in the country to adopt Visa's tokenization technology and the third outside the U.S. that have been announced so far using the payment scheme’s tokenization service.
NFC Times Exclusive Insight – Taiwan’s second largest mobile operator, Taiwan Mobile, Tuesday launched support for credit and debit card payments on NFC SIM cards–but the telco is using an outside trusted service manager to manage its NFC SIM cards, not the TSM platform it set up with other Taiwanese telcos as part of a joint venture.
NFC Times Exclusive Insight – Israel-based contactless reader and NFC vendor On Track Innovations is hoping a planned move to enable the provisioning of payment applications onto wearable devices, will generate recurring revenue and help bolster its finances.