Topic “Oyster”

Contactless Vendor ASK Launches Initial Public Offering

France-based ASK, the maker of contactless transit cards and components for electronic passports, has launched an initial public offering, seeking to raise about €25 million (US$36 million).

Transport for London Prepares to Accept Contactless EMV Cards on Tube; Warms to Mobile NFC

Transport for London has launched a key user trial as it gears up to accept fares on the London Underground and its other modes of transport from contactless EMV credit and debit cards, and for the first time is beginning to sound more positive tones about possibly accepting payments from NFC phones.

London Bus Riders Can Tap Bank Cards to Pay Fares; NFC Acceptance Unlikely for Now

Transport for London officially announced the launch of the first phase of its open-loop payment service, allowing riders to tap their contactless credit, debit and charge cards to pay fares on more than 8,000 buses.

Transport for London to Begin Open-Loop Fare Collection This Week

Transport for London plans to begin allowing riders to use contactless bank cards to pay fares on buses later this week, according to a report.

London Oyster Card Chief: NFC Not Ready for Fast-Paced Fare Payment

LONDON – The head of London’s large Oyster card program expressed frustration with the pace of development of NFC, complaining the technology isn’t ready for London transit riders to use to pay fares.

UK Bus Operator Trials NFC Tickets with Orange UK

Mobile operator Orange UK and bus company Stagecoach have launched a small transit ticketing trial, which they say could lead to a national rollout next year.

Transport for London Blames Complexities for Missing Olympics Deadline for Open-Loop Payment

Transport for London has confirmed it will miss its deadline for accepting open-loop credit and debit card payments on London buses in time for the start of the Summer Olympics.

Transport for London to Accept Bank Cards on Entire Network in 2012

Apr 25 2014

Transport for London has made it official, announcing its planned move to accept contactless debit and credit cards for fares on buses in time for the Summer Olympics next year, and on the rest of its transit network by the end of 2012.

Transport for London Prepares to Accept Contactless EMV Cards on Tube; Warms to Mobile NFC

Transport for London has launched a key user trial as it gears up to accept fares on the London Underground and its other modes of transport from contactless EMV credit and debit cards, and for the first time is beginning to sound positive tones about possibly accepting payments from NFC phones.

UK: Consumers Take to 'Oyster Phone'

Scope: 
Trial
Status: 
Completed
Launch: 
Nov 2007
Main Application: 
Transit fare collection and payment
Users: 
500

O2 led the six-month trial that included service-provider heavyweights Transport for London and Barclaycard.

Results: 

More than three-quarters of participants said they would use contactless service on their mobile phones if it were available, according to surveys organizers conducted. About 90% of the 500 trial participants expressed satisfaction with NFC technology, according to O2. About two-thirds of users said they found tapping the phones more convenient than using Oyster cards and about 22% said they increased their number of trips on London’s subway trains. In all, users tapped their phones for 50,000 trips on the London Underground during the trial. About 87% of respondents said the availability of the Oyster service would influence their choice of mobile phones. And while more than two-thirds of users said they would like to have the Barclaycard application on their phones in the future, only 47% said this would influence their choice of phones. Neither O2 nor Barclaycard released the number of retail transactions trial users conducted with the phones.

 

 

* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.

N/A: Not available or not applicable.

HEADLINE NEWS

Deutsche Bank Plans to Expand New Payments Service for Airlines to Other Industries, Though No Rollouts Yet Scheduled

NFC TIMES Exclusive Insight – Germany’s largest bank, which announced plans Monday to pilot a new payments system for airlines that would enable travelers to buy tickets without pulling out their credit or debit cards, is also planning to expand the scheme to other industries, a bank spokesman told NFC Times.

Apple Touts Strong Growth of Apple Pay Globally, though Again Fails to Release Actual Transaction Figures

NFC TIMES Exclusive Insight – Apple said the number of Apple Pay users doubled globally while transactions tripled during the last quarter, but the company did not release many details explaining reasons for the increases and again released no actual figures on Apple Pay usage.

Contactless Payments Continues to Grow for Transport for London, Helped by Fare Capping

NFC TIMES Exclusive Insight – Transport for London this week was again trumpeting its move to open-loop fare collection with contactless credit and debit cards and applications on NFC phones–noting that contactless payments now accounts for half of all pay-as-you-go metro and rail rides in and around the UK’s capital.

Visa and Mastercard Hope New Online Payments Spec Will Accelerate Rollout of Tokens; U.S. Merchant Group Blasts Network Move as Anticompetitive

Apr 26 2018

NFC TIMES Exclusive Insight – Major card networks Visa and Mastercard hope a new technical framework for online transactions they are backing from their jointly owned EMVCo specifications group will help them keep more transactions on their networks, amid growing competition for mobile and other digital payments and lackluster take-up of the networks’ respective online digital wallets, Visa Checkout and Masterpass.

Second Smartwatch Supports Fitbit Pay, but Payments Service Remains Fragmented

NFC TIMES Exclusive Insight – Struggling wearables maker Fitbit on Monday began selling its second smartwatch, the Fitbit Versa, supporting its NFC-enabled Fitbit Pay service, but not all versions of the new device support NFC in the U.S.

WeChat Pay Touts Access by Merchants to Consumer Data, Messaging Channel

Apr 10 2018

NFC TIMES Exclusive Insight – Both Ant Financial and Tencent Holdings have used their hundreds of millions of users, ready access to Chinese bank accounts, billions of yuan in subsidies for merchants and consumers and protected market status in China against Western competitors to build a combined mobile payments business valued in the trillions of U.S. dollars in transactions.

Regulations Take Effect in China to Limit Risk of Static QR Codes Used by Alipay, WeChat Pay and Others

Apr 4 2018

NFC TIMES Exclusive Insight – Daily limits on QR code- and bar code-based transactions in China have taken effect–mainly hitting Ant Financial and its rival Tencent Holdings­, providers of respective digital payments services Alipay and WeChat Pay.  

Apple Pay Finally Enables Transit Ticketing in Beijing and Shanghai, but It May be Too Late to Turn Back QR Code-Based Wallets

NFC TIMES Exclusive Insight – After being beaten by rival handset makers Huawei, Xiaomi and even Samsung to the launch of NFC transit ticketing in China, Apple today finally began enabling riders in two major cities, Beijing and Shanghai, to tap to pay fares using closed-loop transit ticketing cards.

China UnionPay Seeks to Bolster Use of Brand for Mobile Payments Overseas; Will It Make a Difference?

NFC TIMES Exclusive Insight – China’s dominant bank card network, UnionPay, which is badly losing its battle for mobile payments market share among Chinese consumers to rivals Ant Financial and Tencent Holdings–both at home and abroad–is taking steps to try to gain some ground.

Japan Begins Overdue Move to Standard NFC Acceptance

NFC TIMES Exclusive Insight – Japan was the first country to roll out contactless-mobile payments–starting in 2004–but it still does not accept standard, internationally interoperable NFC payments to any real extent, unlike most developed markets.

Google Seeks to Sign Up More Merchants for Tez App in India as Competition Heats Up

Mar 21 2018

NFC TIMES Exclusive Insight – SINGAPORE: Google is seeking to sign up more small merchants and encourage more retail payments with its Tez mobile payments service in India, an app now mainly used for peer-to-peer funds transfers.