NFC Times Exclusive insight –Yandex.Money, sometimes called the “Russian PayPal,” is using host card emulation for its new NFC-enabled payments service, a Yandex.Money representative told NFC Times. PayPal earlier told NFC Times it also plans to use HCE for its app in the U.S.
MasterCard Worldwide announced its anticipated agreement with Samsung Electronics to enable PayPass applications on embedded chips in Samsung NFC devices and, as expected, named Commonwealth Bank of Australia as the first bank to launch under the deal.
NFC Times Exclusive: Australia’s Commonwealth Bank has disclosed plans to put a MasterCard PayPass application onto an embedded secure element in selected Android NFC phones, the first major bank to disclose plans for launching commercial NFC payments on embedded chips since Google Wallet.
At least two-thirds of NFC phones shipped this year will pack embedded secure elements–offering the potential for service providers to put payment and other secure applications on the chips and avoid working with mobile operators.
The Moscow transit network, including the Moscow Metro, one of the largest subway systems worldwide, is moving to transit cards based on second-generation Mifare technology, Mifare Plus, an upgrade from Mifare Classic.
NFC Times Exclusive Insight –It is perhaps a measure of just how big of a hit SIM suppliers took from the closing of the Softcard wallet in the U.S. early last year that their SIMalliance vendor trade group is refusing to release NFC SIM shipment figures publicly for either the North American market or globally for 2015.
NFC Times Exclusive –Few industry sources agree on the size of the contactless-acceptance footprint in the U.S. that enables merchants to accept Apple Pay and other NFC-enabled wallets; but one thing most of them do agree on is that contactless acceptance is not sufficient to support any kind of significant adoption of the wallets.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient turned around its financial results in 2015, including its money-losing banking and SIM card unit, thanks mainly to restructuring and higher shipments of EMV bank cards to China and the U.S., the privately held company disclosed Tuesday.
NFC Times Exclusive Insight – Singapore’s three major mobile operators are giving SIM-based NFC services another try, hoping that the offer of mobile transit fare collection will encourage more consumers to use their NFC phones to tap to pay, following the flop of the country’s NFC retail payments rollout that began in 2012.
NFC Times Exclusive Insight – France’s domestic debit scheme Cartes Bancaires has been gearing up for the past year to launch a tokenization service for French issuers, with commercial service expected in coming months, including in support of HCE apps launched by banks and possibly for “OEM Pay” services.
NFC Times Exclusive Insight – Samsung’s announcement today of its move into China with Samsung Pay helped the OEM make good on its objective of launching in China by the first quarter, though the launch has happened well after rival device makers Apple and Huawei launched their own mobile payments services in China.
NFC Times Exclusive Insight – Six months after taking the helm of Israel-based On Track Innovations, CEO Shlomi Cohen is seeking to convince investors he can turn around the contactless reader and NFC vendor, which has been struggling despite greater global demand for the company’s main product, contactless readers.
NFC Times Exclusive Insight – Chinese payment network China UnionPay has announced support for Huawei Pay, a deal that could substantially expand the number of banks and payments cards that Huawei could enable for its NFC payments service as it seeks to compete with Apple and Apple Pay.
NFC Times Exclusive Insight – Toronto-Dominion Bank, one of Canada’s largest banks, is the first in the country to adopt Visa's tokenization technology and the third outside the U.S. that have been announced so far using the payment scheme’s tokenization service.
NFC Times Exclusive Insight – Taiwan’s second largest mobile operator, Taiwan Mobile, Tuesday launched support for credit and debit card payments on NFC SIM cards–but the telco is using an outside trusted service manager to manage its NFC SIM cards, not the TSM platform it set up with other Taiwanese telcos as part of a joint venture.