Topic “Softcard”

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.

Google Launches Android Pay as HCE Alternative to Rival Apple Pay Service

NFC Times Exclusive Insight – Google officially launched Android Pay in the U.S., its host card emulation-based rival to Apple Pay and its second stab at rolling out NFC payments for in-store payments, following its little-used Google Wallet.

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.

Analysis: Google Buys Home Screen Space with Softcard Acquisition, While SIM-based NFC Takes Another Hit

NFC Times Exclusive Analysis – Google purchased Softcard for one reason, really, to get its Google Wallet app preinstalled on Android phones sold by the Softcard mobile carriers.

Softcard Cuts Jobs, Restructures, in Sign that Telco Owners are Losing Patience with Joint Venture

NFC Times Exclusive Insight – Softcard’s jobs cuts are more severe than earlier reported, and the layoffs are a sign that the mobile carriers making up the joint venture have rejected a 2015 budget proposed by management of the struggling NFC wallet, NFC Times has learned.

Softcard Touts Rewards to Increase Wallet Activations; Insists it Will Support Wallet on iPhone SIMs

LAS VEGAS, Nev. – Softcard CEO Michael Abbott was selling the value of rewards in the telco-owned mobile wallet today during a keynote address at the Money 2020 conference in Las Vegas.

Softcard Hopes to Quiet Critics in Announcing Support From Major Fast-Food Chain

Just when many industry observers were counting Softcard out in the wake of Apple’s announcement of Apple Pay, the mobile carrier joint venture formerly known as Isis today announced a deal with its biggest merchant to date, the Subway sandwich fast-food chain.

Isis and MCX Announce New Brands as Apple's Planned Mobile-Payments Service Looms

The telco-owned joint venture behind the Isis Wallet announced a new name for the wallet, while the merchant-led MCX consortium finally released its consumer-facing brand and a timeframe for a planned rollout, as the U.S. mobile-payments landscape heats up.

Isis and MCX Announce New Brands as Apple's Planned Mobile-Payments Service Looms

The telco-owned joint venture behind the Isis Wallet announced a new name for the wallet, while the merchant-led MCX consortium finally released its consumer-facing brand and a timeframe for a planned rollout, as the U.S. mobile-payments landscape heats up.

HEADLINE NEWS

Carrefour Pay Launches in China with UnionPay, but Can the Network Beat Back Rivals Alipay and Tencent?

NFC TIMES Exclusive Insight – Carrefour and China UnionPay have launched their 2-D bar code-based Carrefour Pay wallet feature, as UnionPay continues to try to find relevance in a booming Chinese mobile payments market now dominated by Alipay and WeChat Pay.  

First Major Chinese City Accepts UnionPay Bank Cards–and Apple Pay–for Transit Fares

NFC TIMES Exclusive Insight – China UnionPay and the Guangzhou Metro have announced the transit company will accept UnionPay-branded contactless credit cards and bank cards loaded into the Apple Wallet, the first such Chinese city to support open-loop fare collection.

Commonwealth Bank of Australia to Support Fitbit Pay in Addition to Garmin Pay and Android Pay; Continues to Shun Apple Pay

NFC TIMES Exclusive – Commonwealth Bank of Australia will support mobile payments with Fitbit Pay and the wearables maker’s forthcoming Ionic smartwatch, NFC Times has learned. That’s in addition to support for Garmin Pay and Android Pay, which the bank announced earlier this week; but the bank appears set to continue snubbing Apple Pay.

Mastercard Survey: Use of Mobile for Purchases in Emerging Markets in Asia Pacific Far Surpasses Use in Developed Countries

NFC TIMES Exclusive Insight – Despite large rollouts of NFC or related technologies in such developed Asia-Pacific markets as Japan, Australia and New Zealand, use of mobile phones for purchases in emerging markets in the region far outstrips those in developed markets, a Mastercard mobile shopping survey found.

Google Shuns NFC for ‘Audio QR’ in Tez Mobile App in India

NFC TIMES Exclusive Insight – Google’s new payments app in India, Tez, uses proprietary sound-based technology to enable mobile payments–shunning both NFC and also apparently scannable QR codes, as the tech giant seeks to break into the country’s rapidly growing but increasingly crowded digital payments market.

Mastercard's Renamed ‘Engage’ Program for Digital Payments Vendors Lists Relatively Few Certified MDES Partners

NFC TIMES Exclusive – Mastercard has released its list of “partners” or certified vendors that it hopes will help the network roll out its key digital payments products, the Masterpass wallet and tokenization from the Mastercard Digital Enablement Service, or MDES. (See table below.)

Taiwan Regulators Express Doubts about Use of BLE for Top Transit E-Purse; Apple Rejects Purse for Wallet

NFC TIMES Exclusive – TAIPEI, Taiwan: EasyCard Corp., which runs the largest closed-loop transit and retail payments service in Taiwan, is seeking to become the first major transit fare-collection system globally to roll out Bluetooth-based mobile ticketing. But Taiwan’s strict financial regulator still has doubts about the security of the technology.

MediaTek Using NFC Technology from STMicroelectronics, Though Extent of Deal Not Disclosed

NFC TIMES Exclusive Insight ­– In what may be a response to the proposed tie-up between Qualcomm and NXP Semiconductors, STMicroelectronics has announced that it is “cooperating” with Taiwan-based MediaTek, the No. 2 supplier of processor chips for smartphones, to integrate its NFC technology into MediaTek reference designs.

Singapore Latest Country Pushing National QR Code Specification

NFC TIMES Exclusive Insight – Singapore is the latest country developing a national specification for QR code-based payments, seeking to reduce fragmentation of various QR code-based schemes.

Another Wearables Maker Enters ‘Pays’ Market with NFC-Enabled Device

NFC TIMES Exclusive Insight – U.S.-based device maker Garmin is the latest company to introduce an NFC-based mobile payments service in a smartwatch, today unveiling its “Garmin Pay” service for its forthcoming vívoactive 3 watch.

Struggling Fitness Band Maker Fitbit Announces Plans for NFC Payments Service with New Smartwatch

NFC TIMES Exclusive Insight – Struggling U.S.-based fitness band maker Fitbit announced today it will introduce an NFC-based payments service, “Fitbit Pay,” after it launches its first-ever smartwatch, the Ionic, promising to enable major issuers in more than 10 markets globally to offer contactless payments supporting the Visa, Mastercard and American Express brands.

Visa Ready Program May Not be Quite Ready for Tokenization Partners

Sep 15 2017

NFC TIMES Exclusive – The Visa Ready program, Visa’s effort to get new digital payments services to the market sooner by giving vendors a fast-track route for their products and technologies to be certified, may not be quite ready–at least as far as Visa’s tokenization partner program is concerned