Topic “Victor Kim”

Samsung Pay Head: Interest in Embedded Chips Grows for Payments and Nonpayments; eSE Won't be Limited to Samsung Pay

May 4 2015

NFC Times Exclusive –  Besides payments, Samsung is targeting nonpayment applications, and is seeing “growing interest” in its embedded chips, Samsung Pay director Victor Kim told NFC Times.

Visa and Samsung Agree to Enable Payment on NFC Embedded Chips; Deal Expected to Bypass Telcos

BARCELONA – Visa and Samsung Electronics have announced a landmark agreement that will see a Visa payWave application preloaded on the embedded secure elements in forthcoming NFC-enabled Samsung devices.

Samsung Gears Up for Move into Mobile Payments with NFC Phones

Samsung Electronics is gearing up to jump into the mobile-payment market–with plans to offer a payments service from its NFC-enabled smartphones, NFC Times has learned.

HEADLINE NEWS

Profits Remain Elusive for Contactless Reader and NFC Tech Supplier OTI

NFC Times Exclusive Insight – Israel-based On Track Innovations reported continued negative adjusted EBITDA and didn’t announce any new major reader sales during a recent conference call to discuss the company’s first quarter earnings. Despite a recent patent case win, investors appear to be getting impatient.

Identiv Reports Drop in Q1 Sales and Full-Year Guidance; but Says Demand for NFC Tags for IoT Up

NFC Times Exclusive Insight – Identiv reported lower-than-expected revenue for its first quarter and continued losses, though CEO Jason Hart said the company is se

Qualcomm Strikes Deal to Use NFC Technology from NXP; Drops In-House NFC Program

NFC Times Exclusive Insight – Qualcomm, the largest supplier of processor chips for mobile phones globally, has made a deal to integrate NFC technology from NXP Semiconductors for its reference designs for OEMs featuring its Snapdragon processors.

Samsung Pay Head: Interest in Embedded Chips Grows for Payments and Nonpayments; eSE Won't be Limited to Samsung Pay

May 4 2015

NFC Times Exclusive –  Besides payments, Samsung is targeting nonpayment applications, and is seeing “growing interest” in its embedded chips, Samsung Pay director Victor Kim told NFC Times.

Gemalto CEO: TSM Revenue to Fall in 2015; Won't Pick Up Until Next Year, Likely with New Technologies

NFC Times Exclusive Insight – Gemalto CEO Olivier Piou said revenue from the vendor’s trusted service management business fell in the first quarter and would stay down for the rest of the year, while indicating Gemalto is no longer seeing many TSM tenders from telcos.

Giesecke & Devrient, Oberthur Hit by Falling Prices, SIM Sales

Apr 30 2015

NFC Times Exclusive – Falling SIM card prices among other challenges have forced such major smart card and NFC vendors as Giesecke & Devrient and Oberthur Technologies to restructure, though strong growth in shipments of EMV cards to Asia and the United States helped them record growth in overall revenue in 2014.

PayPal Doing NFC Trials, but Says It Will Not Rely Solely on NFC Technology

NFC Times Exclusive Insight – PayPal is trialing NFC mobile payments, CEO-designee Dan Schulman said during eBay’s first quarter earnings call, but the company continues to be cautious about embracing NFC.

Fourth U.S. Payments Network to Support Apple Pay; Discover Financial to Launch NFC Commercially after False Starts

NFC Times Exclusive Insight – Payment network Discover Financial Services announced its support for Apple Pay on Monday, becoming the fourth major payment networks in the U.S. to join Apple Pay.

Broadcom Says Little About NFC in Q1 Earnings Call

Apr 23 2015

NFC Times Exclusive Insight – U.S.-based Broadcom reported continued growth for its connectivity segment during its first quarter 2015 earnings call, but made almost no mention of NFC.

Apple Drives Nascent NFC Payments Wearables Market with Arrival This Week of Apple Watch

NFC Times Exclusive Insight – With the first Apple Watch units set to be delivered this week, NFC payments for wearable devices becomes a budding market, though it remains to be seen whether consumers want to tap their watches or wristbands to pay.

Apple Gets Some Pushback from Banks as It Seeks to Expand Apple Pay Abroad

Apr 20 2015

NFC Times Exclusive Insight –Apple is getting some pushback from banks as it seeks to expand its payments service, Apple Pay, outside of the U.S., where its U.S. business model along with other characteristics of the U.S. market will not translate well, NFC Times has learned.

NFC SIM Shipments Show Strong Gains in 2014, but Future Growth Remains in Doubt

Apr 23 2015

NFC Times Exclusive Insight – The SIMalliance vendor group is playing up what it calls soaring growth in NFC SIM shipments in 2014, despite troubling signs for the future of SIM-based NFC, such as Apple Pay and similar initiatives by other OEMs, as well as growing interest in host-card emulation and the failure of SIM-based NFC services to take off.