NFC Times Exclusive: France-based Gemalto today reported higher revenue in the third quarter for its mobile-payments platforms as well as increased shipments of NFC SIMs and dual-interface banking cards.
NFC Times Exclusive: The U.S. MCX merchant consortium will introduce its own mobile-commerce app, as well as making much of the same functionality available in individual apps from its members–including a proprietary mobile-payments service based on QR codes.
NFC Times Exclusive: Payment transactions increased significantly for several merchants trialing a QR-code-based mobile-payment app from Barclaycard US when the merchants added offers, though overall take-up of the bPay app has been modest, according to interviews with merchants conducted by NFC Times.
NFC Times Exclusive Analysis: France-based Gemalto has set an ambitious goal of doubling its operating profits by 2017, and the ramping up of trusted service management business is key to hitting that objective.
NFC Times Exclusive: As the Isis joint venture gears up for its planned national rollout, NFC Times looks at the view on the ground in its pilot cities of Austin, Texas, and Salt Lake City, Utah, from the perspective of merchants and consumers.
The Isis joint venture has announced its long-anticipated U.S. national rollout, which is to begin later this year, with the JV and its member mobile carriers–Verizon Wireless, AT&T Mobility and T-Mobile USA–deeming the NFC ecosystem and their own Isis mobile-commerce platform ready for a large-scale expansion.
The MCX merchant consortium, which is gearing up to launch a mobile-wallet platform and bar-code based mobile-payment services in the U.S. has named the former head of mobile commerce for Barclaycard US as CEO, following a long search.
Google’s vice president of wallet and payments has left the company, following a difficult tenure for the former PayPal executive, who had tried to establish the Google Wallet for physical world payments and offers.
Israel-based On Track Innovations reported new orders for its NFC and contactless readers in North America, along with the first shipments of its NFC-enabled Wave attachment, driving higher revenue, though the vendor’s quarterly losses continued.
U.S.-based Identiv reported higher revenue and narrowed losses for the second quarter, predicting a breakeven or positive result by the end of the year, as the company’s restructuring program draws to a close.
NFC Times Exclusive: Westpac New Zealand’s product chief told NFC Times he believes host-card emulation will reduce costs and increase flexibility, while ensuring the bank can use its own branded wallet.
U.S.-based Broadcom did not mention NFC in its recent conference call with analysts following release of its second quarter results, in which it announced cuts to its global workforce of 20% by exiting the baseband mobile processor business.
A group of former top managers in Visa’s mobile program have formed a start-up that plans to use NFC and BLE to deliver coupons, rewards and other offers to consumers in stores, using the branded apps of retailers or other marketers.
Transport for London today announced it would launch acceptance for open-loop bank cards and other contactless payment on its heavily traveled London Underground and other modes of transit in September, while the UK’s largest mobile operator, EE, announced customers could begin to tap their NFC phones to pay fares at the same time.
NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.