Topic “Mark Hung”

Panelists: Facebook Has Opportunity in Payments but Not Likely with NFC or at Physical POS Anytime Soon

By: 
Kiona Smith-Strickland

NFC Times Exclusive: Facebook is unlikely to become a real payments player or use NFC or other technologies to try to make the jump to the physical point of sale anytime soon, panelists at a recent NFC conference agreed.

Major Smartphone Chip Supplier MediaTek Introduces NFC Chip

Taiwan-based MediaTek, a major supplier of processor chips for smartphones, has announced its first NFC chip, which it says could support three secure elements at one time.

Smartphone Chip Supplier Broadcom Introduces First Combo Wireless Chip with NFC

U.S.-based chip maker Broadcom, whose Wi-Fi and Bluetooth combination wireless chips are found in such popular smartphones as the Samsung Galaxy S III and Apple iPhone 5, has announced NFC support for one of its next wireless combo chips.

Qualcomm Enters NFC Market; Plans to Integrate Chip with Market-Leading Processors

U.S.-based Qualcomm, the world’s largest supplier of processor chips to smartphone makers, has entered the NFC market–a move that could substantially expand the availability of NFC-enabled smartphones.

Apple Expected to Pass on NFC Again for Next iPhone

Apple is not expected to support NFC in its next iPhone, which is scheduled to be unveiled tomorrow, with the tech giant apparently content to wait until the NFC infrastructure and technology develops further, key observers tell NFC Times.

Texas Instruments Announces First Combo Wireless Chips Supporting NFC

U.S.-based chip giant Texas Instruments today announced the industry’s first combo wireless chips incorporating NFC, with its WiLink 8.0 series, which are expected to be incorporated in smartphones and other mobile devices, such as tablets, ultrathin laptops and eBooks.

NFC Phone Shipments for 2011 Expected to Come in Below Projections

While handset makers are beginning to ship more popular smartphone models with NFC inside, some key industry observers say they expect significantly fewer than 40 million NFC phones will be shipped for all of 2011.

Gartner: Google Has Hurdles to Clear with Wallet

The Google Wallet has “several promising aspects,” but must overcome a number of hurdles to reach mass adoption, said U.S.-based research firm Gartner.

HEADLINE NEWS

NFC Student ID Cards Launch in Apple’s Wallet, Though Progress Remains Slow for Apple to Add Nonbank NFC Applications

Oct 12 2018

NFC TIMES Exclusive Insight –Three U.S. universities Tuesday launched NFC-enabled ID cards in Apple’s Wallet, with Apple confirming that only three more U.S.

LA Metro Plans NFC-Enabled Mobile App for TAP Card But Holds Off on Open Payments

NFC TIMES Exclusive Insight – The Los Angeles County Metropolitan Transportation Authority, or Metro, plans to introduce mobile payments using NFC phonesbut only supporting its closed-loop TAP fare payments service, not open-loop payments, NFC Times has learned.

Chinese Wearables Makers Begin to Introduce Low-Cost Devices Supporting NFC Payments

NFC TIMES Exclusive Insight – A new smartwatch from low-cost Chinese wearables maker Huami and the latest fitness band version from Huami’s major investor and partner, Xiaomi, both support transit and retail payments–making them among the first budget smart wearables devices supporting NFC payments.

In-Depth: San Francisco’s $461 Million Transit Contract Will Support NFC Ticketing but Not Open-Loop Contactless Payments

NFC TIMES Exclusive Insight – A planned US$461 million contract to upgrade and operate the Clipper fare collection system in the San Francisco Bay Area will include account-based ticketing and a mobile app that will enable customers to tap for rides with a closed-loop virtual Clipper card on NFC-enabled smartphones.

Apple Drops Requirement to Have App Open for Tag Reading

NFC TIMES Exclusive Insight – Apple has relaxed its approach to NFC tag reading in its new iPhone Xs, Xs Max, and Xr models, removing the requirement to have a reader application open in order to use a tag. It calls the feature Background Tag Reading, and it offers essentially the same functionality that Android devices have had for years.  

Fossil Expands Support for NFC Payments, as It Continues Push into Smartwatch Market

NFC TIMES Exclusive Insight – U.S.-based Fossil Group is pushing deeper into the smartwatch market, as it seeks to diversify from the financially strapped traditional watch market. Among the apps Fossil is offering on several new smartwatch models are Google Pay and Alipay, the latter in China.

Google Expands Payments Service in India, Targeting Projected $1 Trillion Digital Payments Market

NFC TIMES Exclusive Insight Google, its eye on India’s projected US$1 trillion digital payments market in five years, has rebranded its Tez payments service to Google Pay and is planning to expand its services, including to Gmail-based payments and, later, NFC.

Fitbit Unveils First Non-Smartwatch Supporting NFC Payments Service, but Progress of Device Rollout Slow

Oct 13 2018

NFC TIMES Exclusive Insight ­– U.S.-based wearables maker Fitbit in November plans to release its first non-smartwatch supporting its payments service, Fitbit Pay, with the recent unveiling of its new health and fitness tracker Charge 3–but as with its Versa smartwatch, released in April, the NFC payments feature will only be available on a “special edition” version of the tracker in the U.S. and likely in some other markets.

Analysis: Three Years In, Samsung Pay Transaction Figures Are Still Nothing to Boast About

NFC TIMES Exclusive Insight – ­Three years after its launch in South Korea, consumer take-up of Samsung Pay remains lackluster, despite the company’s efforts to hype up its newly released figures.

Dominant NFC Chip Supplier Seeks to Move Up Value Chain by Providing More Services

NFC TIMES Exclusive – NXP Semiconductors, the dominant supplier of NFC chips and secure elements for smartphones and wearables, is seeking to push further up the value chain, offering such services as a white-label wallet platform and provisioning of bank and transit payments applications.

More Cities Plan to Launch Transit Ticketing in Google Pay Wallet

NFC TIMES Exclusive – Some major cities plan to enable their transit fare payments in the Google Pay wallet, using NXP’s Mifare 2GO provisioning service, NXP Semiconductors confirmed to NFC Times, adding that the implementations could put the fare-payments applications on secure elements.

Vancouver Transit Authority Plans to Run Open-Loop and Closed-Loop Fare Collection Side by Side

Aug 13 2018

NFC TIMES Exclusive – Vancouver-area transit authority TransLink is seeing modest consumer take-up for its new open-loop contactless fare payments service and around 6% of the contactless EMV credit transactions are from NFC mobile wallets so far, NFC Times has learned.