Quebec-based credit union Desjardins says that it expects gradual, or what it calls “progressive,” adoption of the SIM-based NFC mobile payments service, which it launched commercially this week, following an earlier soft launch.
NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.
Canada’s TD Canada Trust today announced the launch of its NFC-enabled TD Mobile Payment service, a Visa-branded credit application, which will be available on NFC SIM cards issued by all three of Canada’s major mobile operators.
NFC Times Exclusive: RBC Secure Cloud Explained: As one of the first commercial launches of cloud-based open-loop payments using NFC, observers will be watching closely how well Royal Bank of Canada’s RBC Secure Cloud service does in the market.
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.
Canada’s fifth largest credit card issuer, Desjardins Group, plans to launch NFC mobile payments in 2014, and has become the first issuer to sign up with mobile operator joint venture EnStream in hopes of reaching subscribers from multiple telcos in the country.
Canadian debit network Interac, along with the Royal Bank of Canada, McDonald’s Restaurants of Canada and BlackBerry demonstrated what Interac billed as the first NFC-enabled debit transaction in Canada.
NFC Times Exclusive Insight – Australia’s AMP Bank said it chose to launch mobile-payments with host-card emulation over other NFC technologies because of the “wider reach” the technology offers, since it’s “available to all NFC-enabled Android mobile phones running KitKat or later,” the bank’s director digital, Michael Weeding, told NFC Times.
NFC Times Exclusive Insight – New Zealand joint venture Semble has launched its SIM-based NFC mobile wallet, after delays and the decision by of two of the country’s big four banks to launch mobile payments from their own apps using host-card emulation.
NFC Times Exclusive Insight – Another major New Zealand bank has announced plans to launch NFC payments with host-card emulation, snubbing a joint venture set up to launch SIM-based NFC on the island nation.
NFC Times Exclusive Insight – Windows 10 for phones, set to be released later this year, will support host card emulation, or HCE, based NFC payments, Microsoft revealed at a recent Windows event in China.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient confirmed it is providing the host-card emulation technology for Commonwealth Bank’s commercial HCE launch this month of Tap & Pay from the bank’s Android-based mobile-banking app.
Identiv CEO Jason Hart sounded optimistic tones about the company’s NFC tag business, particularly in “Internet of Things” applications or tags for consumer goods, during a conference call last week to discuss Identiv’s fourth quarter and full year 2014 earnings, but investors responded with less optimism.
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.
NFC Times Exclusive Insight – UPDATED: Mobile point-of-sale device supplier Square has acquired payment processing component vendor Kili Technology, the same vendor that purchased NFC accessory vendor DeviceFidelity in November, but Square does not plan to keep DeviceFidelity, a source connected with Square told NFC Times.
NFC Times Exclusive –NFC Times has learned new details about how Samsung intends to make money from its planned payments service, Samsung Pay; as well as the technology architecture the OEM will use and the identity of two unannounced banks, along with a new category of issuer that is planning to participate.