Topic “Magnetic Secure Transmission”

PayPal Hopes Samsung Deal Will Help It End String of Failures in Tapping Offline Merchants

NFC TIMES Exclusive Insight – PayPal is believed to have cut its deal with Samsung to be part of the Samsung Pay wallet mainly to gain access to the device maker’s MST technology, enabling consumers to pay in stores with their PayPal accounts without having to look for an NFC-enabled POS terminal.

Samsung Pay Launches in UK Without Major Banks or MST Technology

NFC TIMES Exclusive Insight – Samsung today finally launched its Samsung Pay mobile payments service in the UK, well behind rival payments services Apple Pay and Android Pay.

Samsung Announces Plans to Go Multichannel, Launch in Additional Markets with Mobile Payments Service

NFC Times Exclusive Insight –  Las Vegas, USA: Samsung today announced its long-anticipated support for online and in-app payments for Samsung Pay in the U.S., while also releasing plans to launch its payments service in three more countries, though one, Russia, had already been announced.

Samsung Pay to Launch in Russia with Support from Mastercard and Limited Number of Banks

Sep 30 2016

UPDATED: NFC Times Excusive Insight – Samsung Pay is expected to launch in Russia tomorrow, beating Apple to the market, which disclosed earlier this month that it plans a Russian launch of Apple Pay before the end of the year.

Analysis: Samsung Marks One-Year Anniversary of Payments Service by Touting 100 Million Transactions but Still has Much to Prove

NFC Times Exclusive Insight – Twelve months after launch, Samsung Pay is available in seven countries and eight total markets with users having made a combined 100 million or so transactions over the past year, but the tech giant is not disclosing its total number of users.

Samsung Pay Launches in Australia but without Support Yet from Big Four Banks

NFC Times Exclusive Insight - Samsung launched Samsung Pay in its fifth country, Australia, on Wednesday, but like Apple, Samsung has had to make do without the country's largest card issuers to begin with.

Samsung Pay Launches in Spain and Australia Won't Support MST for Bank Payment, but Singapore Will

Jun 15 2016

UPDATED: NFC Times Exclusive Insight – Following the launch of Samsung Pay in South Korea, the U.S., and China, Samsung’s launches of its mobile payments service in two new markets, Spain and Australia, both contactless and EMV payments hot spots, will not support the device maker's proprietary Magnetic Secure Transmission technology, which is designed to make nearly all mag-stripe POS terminals potential acceptance points, NFC Times has learned. But in Singapore, Samsung Pay is expected to support MST technology.

Samsung Seeks to Fulfill Promise of Widespread Acceptance of Samsung Pay; Terminal Upgrades Will be Needed

NFC Times Exclusive – Certain point-of-sale terminals from a variety of device manufacturers aren’t yet compatible with Samsung’s proprietary Magnetic Secure Transmission technology, with Samsung Electronics’ promise of universal acceptance of Samsung Pay at card-accepting merchant locations still apparently a far-off target.

CaixaBank First in Europe to Announce Support for Samsung Pay, but Won’t Launch with MST Technology

Feb 6 2016

NFC Times Exclusive Insight – CaixaBank is the first in Europe to announce it has signed up to participate in Samsung Pay, leading an expansion of the mobile payments service to Spain.

HEADLINE NEWS

Mastercard Backs Open-Loop Transit Payments in Taiwan’s No. 2 City

NFC TIMES Exclusive Insight – Kaohsiung, Taiwan’s second-largest city, plans to enable riders to enter subway gates by tapping contactless EMV credit cards and NFC wallets by the end of the year, working with Mastercard.

Traditional Watchmaker Fossil Adds NFC Payments, Heart Monitor to Smartwatch Line, as It Seeks to Reverse Earnings Slump

NFC TIMES Exclusive Insight – Struggling U.S.-based watchmaker Fossil has introduced NFC for the first time, in its Q line of smartwatches, hoping the support for Google Pay and other smartwatch applications will help the mainly traditional watchmaker to stay competitive as more consumers turn away from traditional watches.

Analysis: Apple Touts Growth, as It Releases First Global Transaction Figure for Apple Pay; but Service Continues to Face Challenges

NFC TIMES Exclusive Insight – Apple released the number of global transactions for its Apple Pay service–believed to be the first time it has done so–as the tech giant touted a tripling of transactions to more than 1 billion for the latest quarter. Apple also disclosed plans by two more large U.S. retailers to accept contactless payments and announced that another major country, Germany, would support Apple Pay, later this year.

Japan’s SoftBank Group Plans Digital Payments Service; Can It Convince Consumers to Part with Their Cash?

NFC TIMES Exclusive Insight –  SoftBank Group’s reported plans to launch a mobile digital payments service in Japan by year’s end–collaborating with Indian mobile payments provider Paytm–is an attempt by SoftBank Group founder Masayoshi Son to do what other large companies have tried and failed to do: wean Japanese consumers off of cash.

Garmin Unveils New Smartwatch Series Supporting Garmin Pay

NFC TIMES Exclusive Insight – U.S.-based wearables maker Garmin has introduced a fourth smartwatch to its lineup of devices supporting its NFC-enabled payments service, Garmin Pay, the high-end D2 Delta watch series targeted at aviators or aviator wannabes.

Hong Kong Subway Operator and Majority Owner of Octopus Pursues QR Code-Based Transit Payments

NFC TIMES EXCLUSIVE Insight – Hong Kong’s MTR Corp., which runs the city’s subway system, next month will accept tenders from technology and payments providers for a QR code-based fare collection service that will serve as an alternative to its much-used contactless Octopus card.

Open-Loop Payments Connected with Campus ID Cards Not to be Included in Apple Wallet

NFC TIMES Exclusive – NFC-based student ID cards provisioned to Apple Wallet beginning this fall won’t include the open-loop debit payments that are often part of plastic student ID cards, NFC Times has learned.

Milan Launches Support for Open-Loop Transit Payments; Other Cities Move Toward Accepting EMV Payments

NFC TIMES Exclusive Insight – Milan is the latest city to enable collection of fares by contactless bank cards and NFC phones, with public transport company Azienda Trasporti Milanesi, or ATM, rolling out the service to more than 100 stations on its metro system. The company plans to expand the open-loop payment service to buses and other surface transport modes it manages.

Google Launches First Major Pays Wallet in Germany, but Growth Prospects Appear Dim

Jun 27 2018

NFC TIMES Exclusive Insight – Google Pay launched today in Germany, making Google the first of the major backers of a Pays mobile wallet to launch service in the country. Yet, prospects for Google and any of the other international Pays that decide to launch in Europe’s largest economy are not promising.

UnionPay Pushes Open-Loop Transit Payments, as It Seeks to Stay Competitive with Alipay and WeChat Pay

NFC TIMES Exclusive – China’s major bank card network China UnionPay is badly losing the battle for mobile payments market share against Ant Financial and Tencent Holdings, and now the two Internet giants have turned their attention to enabling mobile transit ticketing across the country.

Taiwan’s EasyCard Gives Stark Example of Problems Some Major Transit and E-Money Payments Providers Face in Enabling Mobile Payments

NFC TIMES Exclusive – HANOI, Vietnam: For several years, EasyCard Corp. of Taiwan has been seeking to enable its popular transit fare collection and retail e-money service for mobile and other digital payments, but it has hit several roadblocks along the way.

Launch of Apple Pay in Japan Boosts User Numbers for Mobile Suica, but Most Transactions Still Use Cards

Jun 9 2018

NFC TIMES Exclusive – HANOI, Vietnam: Since Apple Pay launched in Japan in the fall of 2016, the number of users for the Mobile Suica transit and retail payments application has grown by 50%, although the vast majority of transactions for Suica are still conducted with cards.