Topic “Transport for London”

Apple, Transport for London Face Potential Problems Enabling Apple Pay for Fare Collection

NFC Times Exclusive – Both Apple and Transport for London are trumpeting the coming use of Apple Pay to pay fares on various modes of mass transit in London, including the fast-paced London Underground. But they face a couple of problems.

U.S. Transit Agencies Face Tough Road to Open-Loop Fare Collection as Banks Shun Contactless EMV

NFC Times Exclusive – While big city U.S. transit agencies in New York, Philadelphia and Washington, D.C. continue to move toward launching open-loop fare collection, following Chicago, London and St. Petersburg, Russia, to the market, there will be few contactless credit or debit cards rolled out in the U.S. for their customers to tap at turnstiles or onboard buses anytime soon.

London Delivers Open-Loop Fare Collection; Expected to Boost Use of Contactless Cards, NFC Phones

By: 
Kiona Smith-Strickland

Transport for London has made good on its years-long endeavor to accept open-loop contactless payment on the London Underground and its other modes of transit, clearing the way for what is expected to be millions of yearly contactless transactions from bank cards and later, NFC mobile phones.

Transport for London to Accept Bank Cards, NFC Phones on Underground, Other Transit Modes

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.

Transport for London Prepares to Accept Contactless EMV Cards on Tube; Warms to Mobile NFC

Transport for London has launched a key user trial as it gears up to accept fares on the London Underground and its other modes of transport from contactless EMV credit and debit cards, and for the first time is beginning to sound more positive tones about possibly accepting payments from NFC phones.

NFC Ticketing Stuck at the Station: Tech Challenges Contribute to Stall

By: 
Dan Balaban

Five or six years ago, transit ticketing was predicted by many to become first big application service providers would launch when NFC rolled out commercially.

Transport for London Nears Million Mark for Open-Loop Payments; Remains Cool to NFC

Mar 27 2013

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.

Visa: Contactless Transactions in UK to Grow Fourfold This Year; Though Base Remains Small

Visa Europe predicts the UK will have 34 million contactless Visa-branded cards on issue and 175,000 contactless terminals deployed by the end of 2013, with Europe reaching 70 million Visa-branded contactless cards and 650,000 contactless terminals this year.

London Bus Riders Can Tap Bank Cards to Pay Fares; NFC Acceptance Unlikely for Now

Transport for London officially announced the launch of the first phase of its open-loop payment service, allowing riders to tap their contactless credit, debit and charge cards to pay fares on more than 8,000 buses.

Transport for London to Begin Open-Loop Fare Collection This Week

Transport for London plans to begin allowing riders to use contactless bank cards to pay fares on buses later this week, according to a report.

HEADLINE NEWS

Identiv Reports Q2 Results and ‘Disappointing’ Start to 2015; but Cites New Customer Wins

Aug 18 2015

NFC Times Exclusive Insight – U.S.-based Identiv revised its full-year revenue guidance downward during its second quarter earnings call on Thursday, but the compa

Apple’s Seat on NFC Forum Board Rounds out Representation from Three Major Device and Platform Players Rolling Out NFC

NFC Times Exclusive Insight – With the addition of U.S.-based tech giant Apple on the board of the NFC Forum industry trade and standards association, the group now counts among its members all three major device or platform players rolling out NFC payments.

Samsung Announces Dates for Payments Launch; Signs Up for Visa Tokenization Program

NFC Times Exclusive Insight – Samsung Electronics today released exact dates for when it plans to launch its mobile-payments service, Samsung Pay–Aug. 20 in South Korea and the U.S. on Sept. 28–while saying it also intends to roll out the service in the UK, Spain and China.

Besides MST Technology, Samsung Seeks to Differentiate New Payments Service from Apple Pay with More Flexible Architecture

NFC Times Exclusive – Besides touting its much larger base of acceptance points, Samsung Electronics appears to be emphasizing what it says is a more “agnostic” approach to its technology for its forthcoming Samsung Pay platform, as compared with rival Apple Pay.  

UPDATED: Losses Continue in Second Quarter for OTI as New CEO Takes Reins

Aug 11 2015

NFC Times Exclusive Insight – The new CEO of Israel-based On Track Innovations, Shlomi Cohen, is starting his tenure with the announcement by the company of declining revenue and continuing losses for the second quarter of 2015.

OTI Names New CEO, as Two Key Board Members Resign and Share Price Struggles

NFC Times Exclusive Insight – Israel-based On Track Innovations is undergoing a major change of leadership after its board of directors named a new CEO yesterday and two major players on the board abruptly resigned.

NXP Reports Sequential Drop in NFC Business; Delay in Apple Pay Launch in China Blamed

NFC Times Exclusive Insight – NXP Semiconductors reported its NFC-based mobile transactions business fell in the second quarter compared with the first quarter, with CEO Rick Clemmer apparently blaming the delayed launch of Apple Pay in China, which he indicated is hurting its sales of NFC chips to Android handset makers in the country. 

TSM Banking Group Joint Venture Accepts Bids for HCE and Tokenization

Aug 5 2015

NFC Times Exclusive – Taiwan’s TSM banking joint venture has received proposals from at least four vendors to supply a wallet platform with host-card emulation, as well as tokenization technology, as the group seeks to expand its thus far little-used TSM platform to offer its member banks the ability to launch cloud-based NFC payments by the end of 2015, NFC Times has learned.

Hong Kong Telco Launches NFC Payments Service and App; Requires Users to Change SIMs

NFC Times Exclusive Insight – Hong Kong Telecom is the latest telco to introduce its own prepaid mobile payments service and wallet app, which supports MasterCard PayPass for in-store purchases, along with online payments and a peer-to-peer funds transfer service–the latter initiated by NFC P2P mode.

UnionPay Continues Talks with Apple; China Mobile Maintains Support for NFC SIMs

NFC Times Exclusive – SHANGHAI, China: China UnionPay is continuing negotiations with Apple and some sources told NFC Times it is gearing up for a planned launch of Apple Pay in China.

Deutsche Telekom Payments Chief Departs; Telco to Revamp Struggling Wallet, Including Planned Support for HCE

NFC Times Exclusive – Deutsche Telekom has appointed a new head of payments and plans to support host-card emulation among other technologies as it seeks to revamp its struggling NFC mobile wallet, NFC Times has learned.

People on the Move: Sequent Software CEO Steps Down; Interim CEO Appointed

NFC Times Exclusive – Sequent Software, a supplier of mobile wallets, TSM and host-card emulation products, has appointed an interim CEO, replacing Robb Duffield, who stepped down earlier this month after having served as CEO for the Silicon Valley-based vendor for just under three years.