Topic “Canada”

Analysis: Canadians Increasingly Pay with Contactless Cards, Although Cash Continues to Play Key Role

Apr 22 2019

NFC TIMES Exclusive Insight – Contactless transactions in Canada topped 50% of all in-store card transactions for the first time ever during the first quarter of this year, said the country’s largest payments card processor, Moneris, this week.

Canadians Take to Contactless Cards, but NFC Wallets? Not So Much

NFC TIMES Exclusive Insight – While a well-developed contactless card and POS terminal infrastructure and strong consumer take-up of contactless card payments has often been touted as the gateway to use of mobile payments, that is often not the case. Take Canada, for instance.

Scotiabank Updates Mobile Payments Service to HCE and Plans American Express and Mastercard Support for New Year

NFC Times Exclusive Insight – By switching from NFC SIM-based to host card emulation mobile payments service at the end of November, one of Canada's top five banks, Scotiabank, is hoping to “build adoption” at a “higher magnitude” for its My Mobile Wallet service, a bank spokeswoman told NFC Times.

American Express Launches Amex Pay in the UK, in Addition to Canada

NFC Times Exclusive – American Express has quietly launched its HCE-enabled mobile payments service in the UK, along with its launch in Canada, which it announced Wednesday, NFC Times has learned.

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Analysis: Two NFC Wallets from Telco Joint Ventures to Close as SIM-Based NFC Takes Another Big Hit

NFC Times Exclusive Insight – Telco joint ventures on opposite sides of the globe announced within hours of each other plans to pull the plug on their respective NFC wallets, marking another big hit for the future of SIM-based NFC.

Apple Breaks Resistance of Big Five Banks in Canada; Debit Scheme Interac among TSPs to Tokenize Cards

NFC Times Exclusive Insight – Apple has cracked the big five banks in Canada, with two of the country’s largest banks, including Royal Bank of Canada, today announcing they are participating in Apple Pay, with the three others to follow.

Analysis: Visa Provides One of Canada’s Largest Banks Tokenization and Apparently Some HCE Services

NFC Times Exclusive Insight – Toronto-Dominion Bank, one of Canada’s largest banks, is the first in the country to adopt Visa's tokenization technology and the third outside the U.S. that have been announced so far using the payment scheme’s tokenization service.

Deal with AmEx Highlights Continued Problems Frustrating Apple as It Seeks to Expand Apple Pay

NFC Times Exclusive Insight – Apple’s announcement of its expansion of Apple Pay to five more markets, including Australia and Canada this year, with only one major issuer– American Express–underscores the problems the tech giant is having in signing up banks for the overseas expansion of its mobile-payments service.

Canadian Telcos Refuse to Give up On SIM-Based NFC, Though Many Challenges Lie Ahead

NFC Times Exclusive Insight – The head of the Canadian telco joint venture Suretap Wallet told NFC Times that this week’s launch of the telco’s new wallet service was not prompted by the expected expansion of Apple Pay into Canada later this year.

HEADLINE NEWS

Boston Transit Authority Makes Aggressive Move to Eliminate Cash in Planned Fare-Collection System

NFC TIMES EXCLUSIVE Insight – The Massachusetts Bay Transportation Authority, or MBTA, in Boston plans to completely do away with cash fare payments on its various transport modes when it rolls out its massive new fare-collection system, an MBTA official told attendees during a recent virtual conference.

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.