Topic “Citi”

JPMorgan Chase

Headquarters: 
United States

The largest issuer of contactless cards in the U.S. with 30 million deployed since 2005, JPMorgan Chase hasn’t held an NFC trial in a while. Its last public trial with the technology ended in 2006.

India: Citi Goes For Scale With Bangalore Trial

Scope: 
Trial
Status: 
Completed
Launch: 
Jun 2009
Main Application: 
Payment
Users: 
3,141

The six-month "Tap and Pay" trial is one of the largest to date in terms of planned handset numbers.

Results: 

Two months into the trial, 800 of the trial participants had made six or more purchases, according to Citi. Nearly all users had made at least one purchase. Two out of three merchants had accepted an NFC-based phone payment as of September, said Citi. See update.

 

 

* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.

N/A: Not available or not applicable.

Canada: Bell, Citi and MasterCard Join for Modest PayPass Test at the Office

Scope: 
Trial
Status: 
Completed
Launch: 
Mar 2008
Main Application: 
Payment
Users: 
About 100

Internal trial held among about 100 employees of CDMA operator Bell Mobility, Citi Cards and MasterCard at Bell’s office complex in suburban Toronto.

U.S.: Citi Taps For Subway Fares in NYC

Scope: 
Trial
Status: 
Completed
Launch: 
Jan 2007
Main Application: 
Payment
Users: 
About 300

The six-month trial enabled a limited number of Citigroup PayPass credit and debit cardholders and fob carriers to tap their Nokia NFC phones to pay wherever PayPass was accepted stateside, including

Results: 

A Citi exec, M.V. “Raja” Rajamannar, in 2007 noted that transaction numbers were more than twice those of conventional (noncontactless) credit cards, according to preliminary results. Those results didn’t include customers paying subway fares, only with conventional merchants, mainly in New York City.

 

 

* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.

N/A: Not available or not applicable.

HEADLINE NEWS

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Helsinki to Roll Out Multimodal Contactless EMV Fare Payments, with Plans for Daily and Weekly Fare Capping

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Amazon Launches Largest Checkout-Free Store; Clerks and POS Terminal Vendors Need Not Worry…Yet

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Czech Banks See Growing Use of NFC Wallets with Smartphones and Wearables for Contactless Payments

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NFC TIMES Exclusive Insight – Banks in the Czech Republic say they are seeing significant and growing use of NFC-enabled smartphones and wearables, ranging from 6% to nearly 25% of all contactless payments–three banks told NFC Times–although a large majority of consumers continue to tap their contactless cards, not NFC devices, for in-store payments.

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