While not a replacement for the embedded chip or other secure elements in NFC phones, the trusted execution environment on ARM-based smartphone processors can complement security of NFC applications, noted U.S.-based Qualcomm.
NXP Semiconductors said today it generated about $70 million in sales from its NFC chips and secure elements in the fourth quarter of 2012, up 20% over the previous quarter and three times the chip maker’s NFC revenue in the fourth quarter of 2011.
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.
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.
Israel-based NFC and contactless technology supplier On Track Innovations reported revenue for the third quarter increased by 27% to $6.8 million, driven by a more than doubling in sales of such payments products as contactless readers of point-of-sale terminals in the U.S. and expansion of equipment for transit-ticketing in Poland.
NFC Times Exclusive: Hungary’s three major mobile operators and its largest bank are planning to commercially launch NFC in 2014, following a mobile-wallet pilot that has demonstrated that users might be more willing to pay with their phones than with cards.
NFC Times Exclusive: As Canada’s NFC infrastructure continues to grow, two NFC mobile wallets, one from a mobile carrier, the other from a partnership between two financial institutions, will launch in Canada over the next few months.
NFC Times Exclusive: Vodafone Group today announced the launch of an NFC mobile-wallet and payments service in Spain and timetables for similar launches in four other European countries–all featuring Vodafone’s own co-branded prepaid payment application, SmartPass.
Smart card vendor association Eurosmart today confirmed its earlier projection that industry suppliers would ship at least 250 million secure elements for NFC devices in 2013, and predicted shipments would grow by 64% next year to 435 million units.
NFC Times Exclusive: A former general manager of Taipei’s large contactless transit ticketing and closed-loop payment scheme, EasyCard, has been named chairman of an NFC joint venture set up by Taiwan’s five mobile operators and EasyCard Corp., NFC Times has learned.
NFC Times Exclusive: A set of guidelines from the NFC Forum and the International Air Transport Association may be another step toward eventual rollout of NFC-enabled boarding passes, but observers say the prospects for use of NFC technology in air travel remain up in the air.
NFC Times Exclusive: U.S.-based Sprint sees its NFC-based Pinsight Touch platform as the missing piece of its year-old targeted advertising platform, bringing payments and other secure applications to the service.
NFC Times Premium Content (Free): The Isis joint venture and member mobile operators officially launched their Isis Mobile Wallet today, with the new Android wallet app now available for subscribers of all three Isis telcos and NFC SIMs in thousands of carrier shops.
Identive Group showed higher revenue in the third quarter, thanks to a jump in NFC and RFID sales, but took a large impairment charge and will sell some “noncore assets,” as its share price continues to hover around historic lows.
NFC Times Exclusive: France’s largest mobile operator, Orange, has concluded a deal with Visa to support its launch of Orange Cash in France, the latest mobile operator to announce plans to roll out its own branded prepaid payment service on NFC phones.