Topic “Tokenization”

Year Ahead for NFC: More HCE Rollouts, Expansion of the ‘Pays,’ Tokenization Power Plays Evolve, Fragmentation Continues

Jan 13 2016

NFC Times Exclusive Fifth Annual Year Ahead for NFC Feature: 2016 will see more commercial launches of mobile payments with host card emulation, as banks seek to enable their own apps to do payment, while in some cases competing with the ‘Pays.’

Top 10 Misses for NFC in 2015: SIM-Based NFC Falls Further; Apple Pay Expansion Comes Up Short

Jan 13 2016

NFC Times Exclusive – While 2015 was arguably the year that saw the most important rollouts yet of NFC technology, led by Apple Pay, 2015, like past years, was mar

Taiwan’s E.Sun Bank to Launch Own HCE Service, Breaking Ranks with Banking Group

NFC Times Exclusive – E.Sun Commercial Bank, a top five card issuer in Taiwan, plans to launch NFC payments from its own wallet app using host-card emulation, NFC Times has learned, the first major Taiwanese bank to make the move.

Australian Debit Network Contends Planned TSP Will be Competitive with Visa and MasterCard

NFC Times Exclusive Insight – Australia’s largest domestic debit network, eftpos, told NFC Times the network’s planned tokenization service would launch on time and contends the service would not struggle against Visa and MasterCard if those major networks launched their “free” tokenization services in Australia.

EMVCo Promises Token Service Provider Registry This Year; Without it, Third Party TSPs Can’t Fully Compete with Schemes

Nov 17 2015

NFC Times Exclusive Insight – EMVCo, the commercial standards organization owned by the world’s largest payment networks, has promised to have its registration process for token service providers ready by the end of the year. Until then, even EMVCo acknowledges that it is more difficult for third-party suppliers to offer tokenization under its specifications–a market that the major payments networks that own EMVCo now dominate in the early going.

Chase Pay to Challenge Payment Networks, NFC Technology

Oct 28 2015

NFC Times Exclusive Insight – LAS VEGAS, Nev.: In a surprise move, JPMorgan Chase, the largest U.S. credit and debit card issuer by payment volume, announced plans to launch its own wallet app–along with a low-cost mobile-payments service accepted by Wal-Mart Stores and other big U.S. merchants in the MCX merchant consortium.

While Competition Heats Up Among HCE Vendors, Published Certification Lists Remain Thin on the Ground

Nov 6 2015

NFC Times Exclusive – MasterCard has released its first list of certified vendors for host card emulation products supporting its cloud-based payments specifications, though the list includes relatively few suppliers so far. Meanwhile, neither Visa nor MasterCard has apparently certified tokenization suppliers.

Early HCE Backer Capital One First Major U.S. Bank to Launch Technology with Own App

Oct 15 2015

NFC Times Exclusive Insight – Capital One has become the first U.S. issuer to introduce NFC mobile payments using host card emulation with its own app and is one of the largest card issuers globally to launch with the technology.

EMVCo Delays Release of Second Version of Tokenization Specification

Oct 7 2015

NFC Times Exclusive Insight – EMVCo has confirmed it will not release the next version of its tokenization specification until at least the second quarter of next year, which would be more than two years after it released the first version of the specification.

Mozido Tops Gemalto to Win Taiwanese HCE and Tokenization Contract

NFC Times Exclusive A joint venture of Taiwanese banks and banking groups has chosen U.S.-based Mozido to supply it with host card emulation, tokenization and wallet technology, a surprise win for Mozido, which bought the U.S. mobile commerce arm of South Korean IT services firm SK C&C less than a year ago, NFC Times has learned. 

HEADLINE NEWS

Denmark’s Largest Bank Plans to Expand Reach of Its Growing MobilePay Wallet; Continues to Favor BLE over NFC and QR Codes

NFC TIMES Exclusive –  Danske Bank’s MobilePay service in Denmark is one of the few mobile-wallet success stories globally, though on a small scale. Now the bank is planning to expand to other Nordic countries and seeks to continue to use BLE technology, not NFC, to enable the in-store piece of its mobile payments service.

Despite Launch of Three Major ‘Pays’ in Taiwan, Visa Plans to Also Support QR Code Payments on Island

NFC TIMES Exclusive Insight – Visa says it plans to support QR code-based mobile payments late next year in Taiwan–a market where all three major “Pays” wallets have launched supporting Visa-branded cards with NFC.

Apple Tag Reading Will Not be as Open as Android; Could Create Problems for User Experience Say Some Tag Experts

NFC TIMES Exclusive – While NFC tag suppliers and other NFC backers rejoiced over Apple’s recent announcement that it would support NFC tag reading with its next mobile operating system, iOS 11, early indications are that tag reading with Apple NFC devices will not be as open as with Android devices, and the user experience will not be as simple.

Apple Takes Another Small Step to Offer More Value-Added Services for Apple Pay Users

NFC TIMES Exclusive Insight – Some U.S. restaurant chains plan to integrate their white-label loyalty platform with Apple Pay by the end of the year, and the program will use the NFC interface to enable users to tap to pay and collect or redeem loyalty points with as little as one tap, NFC Times has learned.

Study: Merchants Could Boost Sales by Easing Fears Over Digital Security

NFC TIMES Exclusive Insight – A survey conducted by American Express suggests that U.S. merchants could increase their online sales by taking steps to enhance the security of customers' information.

Despite False Starts, Focus on Mobile Transit Ticketing Continues in China

NFC TIMES Exclusive ­– Chinese payments and mobile companies continue to look for ways to enable transit ticketing with smartphones, with projects in progress or expected using host card emulation, embedded secure elements and possibly even another contactless SIM from China Mobile, NFC Times has learned.

Belgium’s Belfius Bank Fully Launches HCE Mobile Payments Service

NFC TIMES Exclusive Insight – Belgium’s Belfius Bank said it signed up 25,000 users within a three-week period recently for its HCE-enabled mobile payments service that it has launched as part of its mobile-banking app.

EU Antitrust Regulators Launch In-Depth Investigation into Qualcomm’s Planned NXP Acquisition

NFC TIMES Exclusive Insight – European Union antitrust regulators have launched an in-depth review of Qualcomm’s planned $47 billion acquisition of NXP Semiconductors, the largest supplier of NFC controllers and secure elements globally.

Visa Expands Token Service Provider ‘Partner’ Program, Though Most Vendors Not Yet Integrated with VTS

NFC TIMES Exclusive Insight ­– Visa this week announced a new list of 13 “partner” companies to help it distribute and manage Visa-generated tokens, which the network giant is promoting for use in what it hopes will be large-scale rollouts of Internet of Things devices that can do payments.

Analysis: Apple Apparently Sees Need for Additional Pairing Technology with Support for NFC Tag Reading

NFC TIMES Exclusive Insight ­– Nearly three years after embracing NFC technology for mobile payments but declining to support NFC’s tag-reading mode, Apple, in a surprise move, is adding tag-reading support to its NFC-enabled devices, including the iPhone 7 series and forthcoming iPhone 8, as well as its Apple Watch.

Exclusive: Major U.S. Processors Say In-Store Transactions for Pays Wallets Remain Disappointing

NFC TIMES Exclusive – Apple Pay and the other major Pays wallets still only account for around 1% of card transactions in the U.S., three major processors told NFC Times. At least two of the processors say they haven’t seen growth in Apple Pay over at least the past year.

Alipay North America Chief Insists Company has No Plans for U.S.-Based Wallet

NFC TIMES Exclusive –  Alipay has no plans today to introduce a mobile wallet in the U.S., and is instead expanding its merchant acceptance footprint in the U.S. only to serve Chinese visitors, Souheil Badran, president of Alipay North America, told NFC Times.