France-based Gemalto is forecasting double-digit growth in revenue this year, following a strong 2012, in which it reported gains in both sales and profit and the first significant returns for its trusted service management business.
Research In Motion continues to promote its own trusted service management service–the only handset maker to offer one–announcing Wednesday approval by Visa of the service to manage secure elements on NFC phones.
Smart card and ID security company Morpho hopes to increase its EMV bank card business, as well as expand its trusted service management unit, with its acquisition of the European personalization and card manufacturing operations of American Banknote Corp.
Gemalto CEO Olivier Piou predicted the France-based vendor would begin to see substantial recurring revenue from its trusted service management business starting in 2014 as mobile payment starts to roll out globally over the next three to five years.
Gemalto has acquired the mobile-payment platform of big Swedish telecoms equipment maker Ericsson, which will deepen Gemalto’s already strong connections to mobile operators offering payment and other mobile-commerce services.
Smart card and ID security company Morpho has signed an agreement to acquire Singapore-based trusted service manager Cassis International, putting another major TSM platform into the hands of a smart card supplier, NFC Times has learned.
U.S.-based Sequent Software hopes the addition of two NFC industry veterans, including a former NFC expert at Microsoft, will help it compete for trusted service management contracts with the top three global smart card vendors.
Germany’s third largest mobile operator, E-Plus, has launched NFC payments with a prepaid wallet card, joining other German telcos, which have also launched prepaid payments applications on their SIM cards.
As the Hungarian Mobile Wallet Association prepares to enable its members to commercially launch NFC mobile payments, it has released the results of its 12-month NFC payments and loyalty pilot along with a survey of users.
France-based telco Orange and Air France, along with airline industry and information technology services provider SITA have launched a trial of an NFC boarding pass application for the airline’s route from Toulouse to Paris, and SITA is also piloting Bluetooth low energy beacons at Dallas/Fort Worth International Airport.
NFC Times Exclusive: Both Visa and MasterCard plan to offer their own HCE services to banks and other issuers to help the financial institutions launch host-card emulation, as the payment networks continue to try to expedite the rollout of HCE technology for NFC mobile payments, NFC Times has learned.
NFC Times Exclusive: Host-card emulation represents an “inflection point” for driving the rollout of NFC mobile payments and could also help the SIM-based NFC ecosystem to become more efficient and less costly, the head of payments innovation for major Spanish bank BBVA told NFC Times.
NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.
Spanish bank BBVA is claiming to be the first bank to commercially launch payments with host-card emulation, announcing today an upgrade of its Android mobile-wallet app incorporating Visa’s HCE specifications.