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 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.
NFC Times Exclusive Insight –Chinese banking giant Industrial and Commercial Bank of China has launched a mobile-payments service using host-card emulation, supporting credit cards branded by China UnionPay and Visa.
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.
NFC Times Exclusive Insight – Qualcomm, the largest supplier of processor chips for mobile phones globally, has made a deal to integrate NFC technology from NXP Semiconductors for its reference designs for OEMs featuring its Snapdragon processors.
NFC Times Exclusive Insight – Gemalto CEO Olivier Piou said revenue from the vendor’s trusted service management business fell in the first quarter and would stay down for the rest of the year, while indicating Gemalto is no longer seeing many TSM tenders from telcos.
NFC Times Exclusive – Falling SIM card prices among other challenges have forced such major smart card and NFC vendors as Giesecke & Devrient and Oberthur Technologies to restructure, though strong growth in shipments of EMV cards to Asia and the United States helped them record growth in overall revenue in 2014.
NFC Times Exclusive Insight – PayPal is trialing NFC mobile payments, CEO-designee Dan Schulman said during eBay’s first quarter earnings call, but the company continues to be cautious about embracing NFC.
NFC Times Exclusive Insight – With the first Apple Watch units set to be delivered this week, NFC payments for wearable devices becomes a budding market, though it remains to be seen whether consumers want to tap their watches or wristbands to pay.