Topic “Olivier Piou”

Gemalto Suffers Hit in 2015 from Softcard Closure; Restructures U.S. TSM Unit

NFC Times Exclusive Insight – Although reporting positive overall results for 2015, France-based Gemalto today said SIM revenue fell by 17% and mobile-financial services revenue dropped by 8% for the year, both of which it blamed at least in part on the closing of the U.S. Softcard joint venture last year.

Shutdown of Softcard Costs Major Technology Supplier Gemalto Millions

Aug 28 2015

NFC Times Exclusive Insight – France-based Gemalto estimates it is losing around €30 million (US$33.8 million) in revenue per quarter from the closing of the Softcard mobile-payments service in the U.S. last March–a setback that will end up costing the vendor nearly €100 million in lost sales this year and around €50 million in profit.

Gemalto CEO: TSM Revenue to Fall in 2015; Won't Pick Up Until Next Year, Likely with New Technologies

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.

Gemalto Claims 25% of U.S. EMV Market; Seeks to Take Spotlight Off SIM

NFC Times Exclusive Insight – France-based Gemalto, which is keen to take the spotlight off its SIM business, projects EMV cards to represent perhaps the largest expected source of revenue growth in the coming year.

Analysis: Gemalto Abandons Hard-Line Stance on NFC in Embracing Tokenization, Supporting HCE

NFC Times Exclusive – The public relations debacle Gemalto faced following revelations last month that U.S. and UK spy agencies had stolen keys from its SIM cards is not the only problem the France-based vendor has had to deal with regarding SIMs.

Gemalto Seeks to Reposition TSM Offer as ‘Hub,’ as It Tries to Counter Threats to Its NFC Business; but is It Really a Hub?

Dec 1 2014

NFC Times Exclusive – With the role of the TSM coming under increasing pressure for being too complex and costly, Gemalto, the world’s largest TSM, is seeking to reposition its TSM offer–promoting it as being part of a large “trusted services hub,” as the France-based vendor tries to convince more banks to provision their credit and debit cards on NFC SIMs.

Gemalto Reports Lackluster First Half Though Notes Strong TSM Revenue Growth

Gemalto reported flat revenue and a drop in profit for the first half of 2014, though noted that sales for its TSM and NFC SIM business were strong, and its EMV card business in the U.S. was ramping up.

Gemalto Plans to Acquire SafeNet; Gives Vendor Network Security; Possible HCE Technology

France-based Gemalto has announced plans to acquire U.S.-based data security firm SafeNet in a cash and debt deal worth $890 million, its biggest acquisition since Gemalto was created in 2006 with the merger of what was then the two largest smart card companies, Gemplus and Axalto.

Gemalto: European Delays, HCE, Won’t Hurt NFC SIM Sales for 2014

France-based Gemalto, the largest supplier of NFC SIMs globally, says it is not scaling back its projections for shipments of the cards this year, despite delays in orders by European mobile operators and other factors, such as host-card emulation.

Gemalto CEO: HCE Not Secure for EMV Payments Unless Tokens Stored on Secure Elements or TEE

France-based vendor Gemalto Thursday confirmed its growth projections for 2014 and its longer-term forecast for 2017, despite the recent announcements of support for host-card emulation by Visa and MasterCard Worldwide.

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.