In about two weeks, Transport for London expects to record its one-millionth ride paid for by contactless bank cards, and the authority says it’s on track to hit its deadline for launching open-loop fare collection on the rest of its transit network, including the busy London Underground, by the end of the year.
More than 100 users in a 10-month trial of NFC transit ticketing in Málaga, Spain, tapped for a total of 7,500 rides and got information from smart posters at bus stops more than 3,000 times, France Telecom-Orange has announced.
Chicago transit officials unveiled their planned open-loop fare-collection system, called Ventra, with plans to enable riders to tap to pay fares with contactless credit and debit cards, as well as reloadable MasterCard-branded prepaid cards.
France’s much-anticipated NFC demonstration project scheduled to launch Friday in Nice will feature a variety of applications, including bank payment. But the premier service is expected to be transit ticketing.
Israel-based On Track Innovations reported new orders for its NFC and contactless readers in North America, along with the first shipments of its NFC-enabled Wave attachment, driving higher revenue, though the vendor’s quarterly losses continued.
U.S.-based Identiv reported higher revenue and narrowed losses for the second quarter, predicting a breakeven or positive result by the end of the year, as the company’s restructuring program draws to a close.
NFC Times Exclusive: Westpac New Zealand’s product chief told NFC Times he believes host-card emulation will reduce costs and increase flexibility, while ensuring the bank can use its own branded wallet.
NFC Times Exclusive: With interest in host-card emulation continuing to grow and SIM-based NFC rollouts in need of a boost, mobile operators and their global trade association, GSMA, are pushing for significant cuts in the cost and complexity of TSMs and lowering other hurdles that have discouraged service providers from provisioning their applications on SIM cards.
U.S.-based Broadcom did not mention NFC in its recent conference call with analysts following release of its second quarter results, in which it announced cuts to its global workforce of 20% by exiting the baseband mobile processor business.
A group of former top managers in Visa’s mobile program have formed a start-up that plans to use NFC and BLE to deliver coupons, rewards and other offers to consumers in stores, using the branded apps of retailers or other marketers.
Transport for London today announced it would launch acceptance for open-loop bank cards and other contactless payment on its heavily traveled London Underground and other modes of transit in September, while the UK’s largest mobile operator, EE, announced customers could begin to tap their NFC phones to pay fares at the same time.
NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.