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NFC

October 31st, 2014

By Sarah Clark • Last updated 31 October 2014, 17:34

MCX prepares to open its wallet to NFC and bank cards

MCX CEO Dekkers Davidson

MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson and COO Scott Rankin have told reporters.

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NFC

October 31st, 2014 • By Rian Boden • Last updated 31 October 2014, 16:32

Ralph Lauren promotes new line with NFC and QR codes in Harrods windows

Ralph Lauren has taken over a 15-window display at luxury retail store Harrods in London to promote the launch of its new Polo Ralph Lauren collection using NFC and QR code stickers provided by proximity commerce specialist Proxama.

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October 31st, 2014 • By Rian Boden • Last updated 31 October 2014, 14:50

Visa CEO identifies mobile payment as major growth driver

Mobile payments will be a “great driver” for Visa, CEO Charles Scharf has told analysts during the company’s Q4 earnings call, and Apple Pay is just the beginning. “A proliferation of exciting mobile and digital solutions” leveraging Visa’s capabilities will hit the market soon, he explained.

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October 31st, 2014 • By Rian Boden • Last updated 31 October 2014, 12:09

Taco Bell app lets customers rotate to reorder

US quick-service restaurant chain Taco Bell has launched a mobile ordering and payment app that lets customers place their orders through a customisable menu and complete a payment using a stored Taco Bell card, credit card or debit card before arriving at the counter.

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October 29th, 2014 • By Rian Boden • Last updated 29 October 2014, 17:01

MCX suffers email address data breach

“Within the last 36 hours, we learned that unauthorized third parties obtained the email addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app,” retailer-owned mobile payments consortium MCX has revealed.

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NFC

October 29th, 2014 • By Mike Clark • Last updated 29 October 2014, 14:33

White paper explores the role of TSMs in cross-border NFC payments

A 26-page white paper that explores the role of the trusted service manager (TSM) and whether they can help or hinder the globalisation of NFC services is now available for download in the NFC World+ Knowledge Centre.

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NFC

October 28th, 2014 • By Rian Boden • Last updated 28 October 2014, 13:43

A million consumers sign up for Apple Pay in first 72 hours

Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal's WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba.

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NFC

October 28th, 2014 • By Rian Boden • Last updated 28 October 2014, 12:20

NRF defends retailers’ decision to block NFC payments

“Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers,” says Mallory Duncan, senior vice president of the US’s National Retail Federation, in a statement issued in the wake of the decision taken by CVS and Rite Aid to stop accepting Apple Pay and other NFC payments.

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NFC

October 28th, 2014 • By Rian Boden • Last updated 28 October 2014, 11:59

US payments body hits out at Rite Aid and CVS

“The decision by CVS and Rite Aid to block mobile payments services like Apple Pay, Google Wallet and Softcard is anti-consumer and anti-competitive,” says US-based trade body the Electronic Transactions Association (ETA), following the MCX consortium members’ decision to stop accepting NFC payments.

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NFC

October 27th, 2014 • By Sarah Clark • Last updated 27 October 2014, 17:51

MCX retailers turn off NFC payments

US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay.

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News in brief

60% of consumers will share data with stores

By Rian Boden • 31 October 2014, 13:43 • Last updated 31 October 2014, 13:43

A majority of Americans (60%) would be comfortable divulging information about themselves anonymously to their favourite stores, a new survey from Wearables.com and The Center for Generational Kinetics reveals. A further 56% would be happy to divulge information to a product brand and 46% would be happy to share their information with an app. 18% of respondents would also provide information to receive notifications of the real-time location of their friends.

Bedier unveils Poynt POS

By Rian Boden • 31 October 2014, 13:34 • Last updated 31 October 2014, 13:35

The former head of Google Wallet has unveiled a payment terminal supporting mag stripe, EMV, NFC, QR codes and beacon technology with no add-ons or dongles needed. Poynt is both a stylish POS terminal and the name of the startup behind it. “We wanted to make sure this device would keep up with the rapidly changing payments landscape,” says Osama Bedier. “We call upon banks and developers to join us in this mission to do for merchants what smartphones have done for consumers — usher in a new chapter of commerce.”

Kili puts mPOS in a chip

By Rian Boden • 31 October 2014, 13:23 • Last updated 31 October 2014, 13:23

Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015.

Charity picks up contactless pennies

By Rian Boden • 31 October 2014, 12:21 • Last updated 31 October 2014, 12:21

The Mayor’s Fund for London has launched Penny for London, a service that automatically collects small charitable donations when commuters use their contactless cards to pay for journeys on the Transport for London (TfL) network. “Users can decide how much they want to give, from one penny to 10 pence,” partner Barclaycard says. “They can keep track of their giving on the Penny for London website and amend or cap their donation preferences whenever they like.”

Football fans get BLE promos

By Rian Boden • 31 October 2014, 10:57 • Last updated 31 October 2014, 10:57

UK Football League sponsor Sky Bet has installed Bluetooth beacons at Elland Road, Leeds and the New York Stadium, Rotherham to send offers to football fans as part of a pilot project that could be rolled out to other locations across the country. “The feedback from both clubs has been encouraging and, although this technology is still very new, the potential is enormous,” says the online sports betting firm’s Andrew Walton.

Samsung to offer money transfers

By Rian Boden • 29 October 2014, 15:09 • Last updated 30 October 2014, 10:13

Samsung will launch a mobile money transfer service in Korea at the end of this year in partnership with mobile payment service provider Yelopay and six banks, Korea Bizwire reports. “Samsung Wallet, which used to be used only for coupon services and app cards, is now transformed into [a] fintech service platform,” the article says, noting that users can send up to 100,000 won at a time through the service. “The six financial institutions including Kookmin, Shinhan, Woori, Nonghyup, Citi and Korea Post Office reportedly have announced collaboration with the electronics company, but it plans to expand to all financial organisations.”

MCX responds to criticism

By Rian Boden • 29 October 2014, 14:52 • Last updated 29 October 2014, 14:52

“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”

McDonald’s adopts Softcard

By Rian Boden • 28 October 2014, 17:13 • Last updated 28 October 2014, 17:13

McDonald’s 14,000 restaurants and drive-thru locations across the US have begun accepting Android NFC mobile payments following a successful pilot program with carrier joint venture Softcard that began in 2013. The fast food chain is also accepting Apple Pay following the launch of the payment service last week.

Apple Pay and HCE to push NFC payments to more than 500m users

By Rian Boden • 28 October 2014, 12:32 • Last updated 28 October 2014, 12:32

There will be some 516m users of NFC mobile payment services by the end of 2019, up from 101m this year, thanks to the launch of Apple Pay and HCE, a forecast from Juniper Research has found. “We would envisage that while NFC deployments and consumer activity will be buoyed by these developments, the opportunities for network operator involvement are limited,” says author Dr Windsor Holden. “Hence, we are likely to see more operators re-evaluating their existing commitments to NFC and possibly withdrawing from the space.”

NFC tech included in iPad Mini 3

By Mike Clark • 27 October 2014, 17:34 • Last updated 27 October 2014, 17:34

Apple has included an NFC chip in its new iPad Mini 3, a teardown by iFixit has revealed. The NXP 65V10 NFC controller spotted by the team is the same part used in the iPhone 6, iPhone 6 Plus and the iPad Air 2.

More news in brief...


November 1st, 2014

Latest news

  1. MCX prepares to open its wallet to NFC and bank cards
  2. Ralph Lauren promotes new line with NFC and QR codes in Harrods windows
  3. Visa CEO identifies mobile payment as major growth driver
  4. 60% of consumers will share data with stores
  5. Bedier unveils Poynt POS
  6. Kili puts mPOS in a chip
  7. Charity picks up contactless pennies
  8. Taco Bell app lets customers rotate to reorder
  9. Football fans get BLE promos
  10. MCX suffers email address data breach
  11. Samsung to offer money transfers
  12. MCX responds to criticism
  13. White paper explores the role of TSMs in cross-border NFC payments
  14. McDonald’s adopts Softcard
  15. A million consumers sign up for Apple Pay in first 72 hours
  16. Apple Pay and HCE to push NFC payments to more than 500m users
  17. NRF defends retailers’ decision to block NFC payments
  18. US payments body hits out at Rite Aid and CVS
  19. NFC tech included in iPad Mini 3
  20. MCX retailers turn off NFC payments
 
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