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Archive: Payments

iPhone 6 teardown shows NFC chips from NXP — and AMS

September 19th, 2014

A teardown conducted by iFixit shows that Apple is using NFC chips from both NXP and AMS in the new iPhone 6, which began shipping today. The inclusion of an NXP chip was expected but the AMS chip is a surprise addition. More

UL white paper explains Apple Pay

September 18th, 2014

A new white paper that describes what is known about Apple Pay in both technical and organizational terms — as well as what questions still remain to be answered — is now available to download free of charge from the NFC World+ Knowledge Centre. Produced by the transaction security team at UL, “Apple Pay — What do we know?” aims to “provide insight and knowledge that UL has gathered, in order to best inform all stakeholders involved.”

Apple joins NFC secure element standards body

September 18th, 2014

Apple has joined GlobalPlatform, the organisation responsible for defining standards for the secure elements used to store sensitive data in NFC phones. The move means that, when and if Apple provides developers with access to… More

Panasonic takes NFC to the air

September 18th, 2014

Panasonic Avionics is to add NFC to the in-flight entertainment (IFE) systems it supplies to airlines, providing a way for passengers and crew to make contactless payments and for passengers to access a range of… More

Tesco pilots QR payments

September 18th, 2014

UK-based supermarket giant Tesco is trialling a mobile payments service based on QR codes, Marketing Week reports. “The PayQwiq service is currently available at 16 of Tesco’s smaller Express stores in London, as well as at 26 of its Express, Metro and Superstore store formats in Edinburgh. It is currently only available to a small number of staff members as part of a trial, although there are plans to extend that to customers in October,” the article says.

SimplyTapp compares Apple Pay and Android HCE

September 17th, 2014

PARTNER NEWS: A new blog post from HCE specialist SimplyTapp explains how Apple is using tokens in its new Apple Pay NFC mobile payments service — and how that compares with the way tokens are used to enable Android phones to make NFC mobile payments using host card emulation (HCE). “The important concept that has gotten lost with the Apple announcement is that the concept of ‘tokenization’ as Apple Pay uses [it] is still the exact plan for tokenization in the Android space,” CEO Doug Yeager explains.

Macy’s unveils mobile payments and customer marketing plans

September 17th, 2014

Macy’s Inc, owner of the Macy’s and Bloomingdale’s department store chains, has unveiled plans to implement a range of new technologies designed to provide an omnichannel shopping service to its customers. The plans include Bluetooth… More

Subway to accept mobile payments in 26,000 US locations

September 17th, 2014

Subway restaurants across the US are to begin accepting NFC mobile payments on 1 October, using new POS terminals that carry branding from mobile network operator-owned commerce venture Softcard. The terminals will enable the 26,000… More

Apple Pay to get 0.15% transaction fee

September 16th, 2014

The kickback from card issuers negotiated by Apple for purchases made via its new Apple Pay mobile payments service amounts to 0.15% of the value of each transaction, the Financial Times reports. The “unprecedented deal” will give Apple “a share of the payments’ economics that rivals such as Google do not get for their services,” the article points out.

No Apple Pay for Walmart, Best Buy

September 16th, 2014

Owners of Apple’s new NFC-enabled smartwatch and iPhones will not be able to make Apple Pay mobile payments in either Walmart or Best Buy, the Wall Street Journal reports. The US retail giants are both members of merchant-led mobile wallet venture MCX which will launch its rival CurrentC wallet next year.

Weve drops wallet plans?

September 16th, 2014

UK carrier owned mobile commerce venture Weve has cancelled its planned mobile wallet service in the wake of the Apple Pay launch, The Telegraph reports. “A source at one mobile operator said Apple’s move meant it would have to write off gaining a share of payments from iPhone users, who represent about a third of the UK smartphone market,” the article says. Weve’s US equivalent, carrier joint venture Softcard, is continuing with its plans, however, and hopes to be available on NFC-enabled iPhones in 2015.

Apple confirms NFC chip lockdown

September 16th, 2014

Access to the NFC chip in the iPhone 6 and 6 Plus will be available only to Apple Pay, an Apple spokeswoman has told Cult of Mac. Whether that restriction applies only to the secure element or to all NFC functions, including tag reading/writing, is not yet confirmed, however.

Video demos show how Apple Pay users will make a payment with the iPhone 6

September 11th, 2014

Videos of Apple staff demonstrating how Apple Pay will be used to make payments in stores and for in-app purchases have now been made available, providing further details of how the new mobile payments service… More

How Apple will generate revenues from mobile payments begins to become clear

September 11th, 2014

An innovative biosensor security function built into the Apple Watch and the Touch ID fingerprint sensor in the iPhone 6 and iPhone 6 Plus will work in combination with NFC and tokenization to provide additional… More

Discover in talks on Apple Pay support

September 10th, 2014

“We are in discussions with Apple to add Discover cards to Apple Pay in the future,” a representative of the US payment network has revealed on Twitter. Visa, MasterCard and American Express have already signed up to enable mobile payments on Apple’s new NFC devices.

MasterCard issues European contactless POS mandate

September 10th, 2014

European merchants who accept either MasterCard or Maestro will be required to switch to contactless POS terminals by 1 January 2020, “ensuring that consumers will be able to pay with their contactless cards and NFC enabled devices at all point-of-sale (POS) terminals”, the payment network has announced. “New POS terminals must adhere to the new standard upon deployment as from 1 January 2016,” MasterCard adds.

MasterCard launches MDES token platform for mobile payments

September 10th, 2014

MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from… More

No support for carriers’ NFC SIMs in Apple devices?

September 10th, 2014

Softcard, the US carrier-backed NFC venture formerly known as Isis, won’t have access to the NFC support in the new iPhone 6, iPhone 6 Plus and Apple Watch until 2015, a blog post by CEO… More

iPhone, NFC and Apple Pay: How should banks react?

September 10th, 2014

PARTNER VIEWS: The launch of Apple Pay “is good news for US iPhone users who want to ‘tap to pay’,” Martin Cox, global head of sales at Bell ID, writes in a blog post. “But what about the majority of smartphone users who are using an Android device? What about those of us outside of the US? The good news, he says, is that “banks finally have clarity” on the preferred technology at the point of sale, and “for Apple’s primary market, the US, it’s also strong endorsement for the ubiquity of EMV.”

Visa launches token service to support Apple Pay and more

September 10th, 2014

Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and… More

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