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Topic “UK”

Contactless Transactions Continue to Grow in UK and Europe, Though Numbers Still Relatively Small

While the UK’s top UK contactless issuer, Barclays, and its credit card arm, Barclaycard, predict a doubling of contactless transactions this year, numbers remain relatively small, with even the most active users tapping just over four times a month, a spokesman for the issuer confirmed to NFC Times.

Survey Says: UK Consumers Reluctant to Adopt NFC Payments

Dec 10 2013 (All day)

The growing awareness and use of contactless bank cards by UK consumers is not apparently resulting in increased interest in mobile NFC payments.

Visa Points to Continued Ramp-Up of Contactless Payment in UK

Visa Europe continues to promote its contactless progress, especially the UK market–noting that spending with its Visa payWave application increased five-fold in June.

UK Retailer Marks & Spencer Sees Growing Use of Contactless

Marks & Spencer, one of the UK’s largest retailers, announced today it had rolled out contactless payment to 644 of its UK stores and said 14% of its card transactions under £20 (US$30.97) are contactless.

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.

Visa Europe Predicts 40 Issuers of Contactless-Mobile Payment Services in 2013

Visa Europe predicted that by the end of 2013, there would be 40 issuers with live NFC or contactless-mobile payment services across Europe and 80 smartphones certified by Visa to handle the payments.

Research Firm: UK Consumers Interested in Mobile Wallets, but Barriers Make Takeoff ‘Very Unlikely’ in 2013

Jan 9 2013 (All day)

While a sizable percentage of UK consumers say they are ready to use their smartphones as mobile wallets to make payments at the physical point of sale–especially if they receive incentives and security assurances–mobile wallets are unlikely to take off in 2013, according to UK-based market research firm ICM Research.

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.

Tesco Looks at NFC and Contactless ‘Intensively’ but Remains in Wait-and-See Mode

While giant UK retailer Tesco is following NFC and contactless payment “intensively” and continues to trial contactless acceptance in more than 30 stores, it has not yet committed to rolling out the technology, in part because of security concerns among customers, said one of Tesco’s mobile chiefs.

HEADLINE NEWS

Giesecke & Devrient Reports Falling Sales, Lower Profits for 2013

Germany-based Giesecke & Devrient was no doubt glad to close the books on 2013, a year in which it saw substantial job cuts and changes in management and–as it reported Wednesday–lower sales and profitability.

Inside Secure Acquires Security Vendor Metaforic with Eye Toward Host-Card Emulation Market

France-based Inside Secure has acquired encryption and software security company Metaforic in a cash deal worth at least $11.6 million, which Inside Secure says will help equip it to offer security services for host-card emulation-based mobile payments.

China Telecom Chooses NFC SIM Vendors for Large Planned Procurement

China’s No. 3 mobile operator, China Telecom, has selected a list of six SIM vendors for its large planned rollout of NFC services.

Intel Buys Inside Secure’s NFC Modem Technology; Expands License of Inside's NFC Patents

Apr 2 2014 (All day)

Inside Secure is selling its next generation NFC controller technology to chip maker Intel, as well as an expanded license, for $19.2 million, though will keep most of its NFC patents and embedded chip technology.

Big French Bank Announces Nationwide Rollout of NFC-Payments Service on SIMs

Apr 4 2014 (All day)

BNP Paribas, one of France’s largest banks, today announced its long-anticipated nationwide rollout of NFC payments, making Visa-branded debit cards available to customers on SIM cards issued by France’s two largest mobile operators and a couple of smaller brands.

OTI Lowers Losses as It Continues Turnaround Efforts but Offers No Time Frame for Turning a Profit

In the first full year since a takeover ousted former CEO and co-founder Oded Bashan, Israel-based NFC and contactless company On Track Innovations showed some progress in its efforts to turn around the chronically unprofitable company, in part by focusing on sales of contactless point-of-sale terminals.

Australia’s Westpac to Launch First Project with Visa on Samsung Embedded Chips; HCE Gears Up in Market

A second of Australia’s big four banks, Westpac Banking Corp., said it will finally be ready to launch its long-planned NFC contactless payments service with Visa using embedded chips in Samsung phones by the end of April, the bank told NFC Times.

NFC SIM Volumes Projected to Show Moderate Growth in 2014, Though Impact of HCE Remains Unknown

NFC Times Exclusive: Mobile network operators will take delivery of at least two-thirds more NFC SIMs this year than in 2013, predicts operator trade association, the GSMA, though the impact of host-card emulation remains to be seen.

Identive Narrows Losses; Reports More Restructuring

U.S.-based Identive reported significant restructuring and job cuts in the fourth quarter, along with increased sales for NFC and other RFID tags–but still no profit.

NFC Forum Issues Statement Supporting HCE as Means to 'Accelerate' Market Growth

The NFC Forum has issued a statement of support for host-card emulation at its all-member meeting this week in San Francisco, calling HCE a “promising addition to the portfolio of NFC solutions that could potentially accelerate market growth.”

Tenders Due for TSM Platform Planned by Taiwanese Banking Joint Venture

NFC Times Exclusive: Tenders are due tomorrow from vendors in response to a request for proposal for Taiwan’s second planned centralized trusted service management platform–this one from Taiwanese banking groups, which formed a mobile-payments joint venture late last month.

Former Safran Morpho e-Documents No. 2 Named CEO of Contactless Vendor ASK

Former Safran Morpho e-Documents’ No. 2 man Julien Zuccarelli has been named CEO of France-based ASK, as the contactless vendor continues its turnaround and expansion efforts.