Topic “Apple Watch”

Swatch Expands Payments Service–Provides Affordable Analog Alternative to Smartwatches

Jan 21 2019

NFC TIMES Exclusive Insight – Swatch, one of the world’s largest watchmakers, has expanded its contactless-payments service to its home base of Switzerland, launching the restyled SwatchPAY! service with seven card issuers Thursday. A spokeswoman told NFC Times the company plans to expand the service to other European countries this year. 

Denmark’s Largest Bank Pilots Own Payments Wearables, Choosing Low-Tech Option Over Apple Watch

Oct 13 2018

NFC TIMES Exclusive Insight – Danske Bank, Denmark’s largest financial institution, is pitting its planned low-tech FastPay payments wearables against Apple Watch and some other higher-end wearables using tokenization, as it launches a large pilot starting this month in Denmark, Sweden and Norway.

Apple to Enable Campus ID Cards in Wallet but Doesn’t Announce Opening of NFC Chip

NFC TIMES Exclusive Insight – Apple will enable colleges and universities to add NFC-based student ID cards to its Wallet with OS upgrades to its Apple Watch and iPhone, the tech giant announced Monday on the opening day of its Worldwide Developers Conference.

Second Smartwatch Supports Fitbit Pay, but Payments Service Remains Fragmented

NFC TIMES Exclusive Insight – Struggling wearables maker Fitbit on Monday began selling its second smartwatch, the Fitbit Versa, supporting its NFC-enabled Fitbit Pay service, but not all versions of the new device support NFC in the U.S.

Can Luxury Watchmaker TAG Heuer Sell Swiss Precision Along with NFC Payments? Its Latest Smartwatch Again Supports Android Pay

NFC TIMES Exclusive Insight – While payments wearables, in general, are taking off more slowly than expected, a number of manufacturers are incorporating the feature in their high-end watches and that includes Switzerland-based luxury watchmaker TAG Heuer.

Garmin Unveils Second High-End Smartwatch, Forerunner 645, Supporting Garmin Pay

Jan 10 2018

NFC TIMES Exclusive Insight – Wearables maker Garmin has unveiled its second major smartwatch supporting its Garmin Pay service, the Forerunner 645, a high-end device that follows the Vívoactive 3 in enabling users to tap to pay.  

Fitbit Chief Plans to Enable Entire Product Line for Payments with NFC; Challenges Lie Ahead

NFC TIMES Exclusive Insight – LAS VEGAS:  Fitbit CEO James Park today said the large wearables maker plans to enable contactless payments across its entire range of devices over the next few years using NFC technology, a move he said he hopes will help make contactless payments “ubiquitous around the world.”

Apple Watch Likely to Lag Behind in Tag-Reading Ecosystem

NFC TIMES Exclusive – As the NFC tag industry responds to iOS 11, Apple Watch isn’t drawing much focus, and use cases for tag-reading on the wearable remain limited.

Another Wearables Maker Enters ‘Pays’ Market with NFC-Enabled Device

NFC TIMES Exclusive Insight – U.S.-based device maker Garmin is the latest company to introduce an NFC-based mobile payments service in a smartwatch, today unveiling its “Garmin Pay” service for its forthcoming vívoactive 3 watch.

Analysis: Why Rollouts of Payments Wearables Have Gotten Off to Slow Start

NFC TIMES Exclusive – The rollout of payments wearables is hitting a snag, with commercial and technical challenges holding back plans by industry players to enable consumers to buy wristbands, analog watches, rings and other wearables and then load them with their favorite debit and credit cards. (See table, challenge sections, below.)

HEADLINE NEWS

Israel Launches Nationwide Mobile-Ticketing Scheme; Moovit, Others Provide Apps

NFC TIMES Exclusive Insight – Israel this week launched a nationwide mobile-ticketing system, enabling riders to pay for trips on buses and later on railways, with the charges assessed at the end of each month.

In-Depth: Networks Developing New Uses for SoftPOS, Though Questions Remain about Interoperability and Costs of Technology

NFC TIMES Exclusive Insight – While the idea of letting merchants use their own NFC-enabled smartphones and tablets as acceptance devices to take contactless EMV payments is still getting off the ground, some major payments networks are already working on expanding the technology to enable consumers to tap their own devices to pay.

Planned Account-Based Ticketing Project Remains on Track in Queensland; Expected to Give Customers More Ways to Pay

NFC TIMES Exclusive Insight – The new account-based ticketing system under development for the Australian state of Queensland remains on track and on budget to be fully rolled out by 2022, despite the challenges of working through the Covid-19 pandemic, Martin Bradshaw, project head and general manager for passenger transport strategy and technology for transit agency TransLink, told NFC Times through a spokesman.

Insight: Taiwan’s Dominant Fare-Collection Service Struggles to Stay Competitive in Changing E-Payments Landscape

NFC TIMES Exclusive – EasyCard Corp. remains the dominant contactless stored-value card in Taiwan, boasting of market shares above 70% in transit fare payments and retail transactions nationally amid competition from three other contactless closed-loop cards that vie for transit and low-value retail transactions across the island nation.

In-Depth: California Transport Group Launches Mobile Ticketing, Plans MaaS Rollout

NFC TIMES Exclusive Insight – Officials in California’s Central Valley have launched an app that enables users to buy mobile tickets for bus and rail rides with seven mostly small public transit agencies, with plans to expand to ticketing for electronic car and bike sharing, along with on-demand ride-sharing and van-pool services.

UPDATED: Google Pay Launches with Fintechs in 10 New Countries, as Search Giant Unveils Revamped App; Deeper Move into Financial Services in U.S.

Nov 19 2020

NFC TIMES Exclusive Insight – Google Pay has added its first new countries in 18 months, all of them in continental Europe and all counting digital banks and other fintechs as the vast majority of the issuers across the 10 new markets.

Transport for London Prepares for Major Fare-Collection System Contract

Nov 18 2020

NFC TIMES Exclusive Insight – Transport for London, which runs the largest open-loop fare payments system globally, has issued a notice that it is preparing to seek proposals for a major upgrade of its revenue-collection system.

Visa and Mastercard See Continued Growth in Contactless Usage

NFC TIMES Exclusive Insight – Both Visa and Mastercard say contactless transactions made up a growing share of all face-to-face transactions for cards and other credentials bearing their brands during the last fiscal quarter, crediting in part an increasing aversion to cash by consumers because of the Covid-19 pandemic. Contactless usage rates, however, had been increasing by nearly the same rates before the pandemic.

Apple Pay Enables Ventra Closed-Loop Fare Card in Chicago after Long Delay

NFC TIMES Exclusive Insight – Apple has finally made good on plans to enable fare payments through Apple Pay with the closed-loop Ventra card from the Chicago Transit Authority, or CTA, the latest major closed-loop card the tech giant has enabled in recent months.

Visa Rolls Out SoftPOS technology as It Seeks to Promote Acceptance of Contactless by More Small and Micro-Merchants

NFC TIMES Exclusive Insight -  Visa is rolling out what it calls “Tap to Phone” technology to 15 global markets, as it seeks to enable millions of small and micro-merchants that now mainly take cash to also accept contactless EMV credit and debit cards and credentials on NFC devices.

Trip-Planning Apps Moovit and Transit Enable Ticketing and Payments for Another Transit Agency

NFC TIMES Exclusive Insight – Multimodal trip-planning apps Moovit and Transit have introduced ticketing and payments in their apps for another North American transit agency, following an emerging trend for trip-planning apps to enable users to plan, book and pay for their rides all in one place. The app providers are offering the extra service as they seek ways to give users a better mobility-as-a-service experience.

Australia’s Commonwealth Bank Seeks to Expand Involvement in Public Transit and Other Mobility Payments Projects

NFC TIMES Exclusive Insight – Commonwealth Bank of Australia, the acquirer and processor for the open-loop payments service rolled out by Transport for New South Wales in Sydney, says it is negotiating with transit officials in other Australian states to help launch similar payments services. It also hopes to be involved in payments for mobility-as-a-service platforms.