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Archive: Payments

NFC is still two to five years away, say MWC visitors

March 13th, 2012

A survey of mobile industry executives conducted for Sybase 365 during the Mobile World Congress has found that 81% of respondents believe that NFC will not become a driver of widespread adoption of mobile payments… More

Assurant: Consumers need guarantees for mobile payments

March 13th, 2012

A study by risk management specialist and insurer Assurant Solutions, based on consumer surveys conducted in Argentina, China, the United States, Germany and Spain, has found that willingness to conduct mobile transactions of all types increases… More

Savvy consumers wary of wallets

March 13th, 2012

A US consumer survey conducted by Radius Global Market Research has found that consumers under 35 and those identifying as digitally savvy are the most likely to be concerned with mobile payment security and fraud issues. 54% of consumers under the age of 35 are concerned with fraud and the figure rises to 62% among digitally savvy consumers.

In-Stat: NFC to hit US$9.9bn

March 13th, 2012

Market forecaster In-Stat predicts that the value of proximity mobile payment transactions will approach US$9.9 billion in 2016, up from $1.1 billion in 2012. The Asia Pacific region will dominate payments volumes throughout the next few years, the company says, accounting for 41% of global transactions in 2016.

Alix: US consumers want banks to provide digital wallets

March 13th, 2012

74% of US consumers interested in having a digital wallet would choose their primary bank as their preferred provider, an AlixPartners survey has found, compared with 23% who say they would pick PayPal and 15% who… More

Juniper: NFC to reach US$74bn

March 12th, 2012

Juniper Research forecasts that NFC will facilitate transactions valued at US$74bn by 2015, as the technology is increasingly used for the payment of goods instore and for transport tickets. Whilst mobile couponing still represents the smallest mobile commerce segment, the analysts add, it is demonstrating the highest growth rate.

Nokia Money to close down

March 12th, 2012

Nokia is to close down its Nokia Money service, which was launched in India in late 2011 and was expected to expand internationally. “The mobile financial services business is not core to Nokia so we plan to exit the business,” a Nokia spokesman has told Reuters.

Isis unveils merchant logo

March 12th, 2012

A new video released by US NFC venture Isis provides the first look at the logo the company plans to use to indicate to consumers that a merchant is ‘Isis ready’ — meaning that it can… More

PayPal to demo digital wallet

March 12th, 2012

PayPal is to demonstrate a new digital wallet solution at the SXSW event in Austin, Texas this week. The new wallet is designed to work across multiple devices, including mobile phones and, the online payments giant’s Sam Shrauger explains, “will do for digital money what internet mash-ups did for digital information: Free it, so you can connect it, filter it, personalize it, share it and make it work the way that you want it to.”

M-Tel to test NFC in Bulgaria

March 9th, 2012

Bulgarian mobile network operator M-Tel is to begin a six month NFC payments pilot in May 2012, in conjunction with First Investment Bank, and hopes to begin commercial services this year. M-Tel is also investigating the potential for NFC public transportation ticketing.

UK NFC JV files with Brussels

March 9th, 2012

The NFC joint venture between three UK mobile network operators has now filed for approval with the EU to go ahead with the scheme, code named ‘Project Oscar’, the Guardian reports, despite on-going objections from… More

Google warns on rooted phones

March 9th, 2012

Some Google Wallet users running the app on rooted NFC phones are now seeing a message pointing out that their phone is an unsuppported device. Clicking on a ‘learn more’ link, Droid Life reports, provides a warning that gaining root access can disable important security mechanisms and “we strongly discourage doing so if you plan to use Google Wallet”.

Turkcell signs up 50k wallet users

March 7th, 2012

Turkcell now has 50,000 active users of its Cep-T Cüzdan NFC mobile wallet service, the Turkish carrier’s Ergi Şener has told NFC World, and plans to expand the service to include mobile coupon and loyalty… More

Top POS makers add support for Isis coupons and offers

March 7th, 2012

VeriFone, Ingenico, Vivotech and Equinox are all adding support for the US NFC venture’s SmartTap service, enabling merchants to both accept payments and process coupons and offers via Isis mobile phones. More

QNB and Qtel to launch NFC services in Qatar

March 7th, 2012

The bank and mobile network operator have partnered for the launch of the country’s first NFC payments service, using BlackBerry NFC phones as well as NFC stickers. More

Apple awarded payments tracking patent

March 6th, 2012

Apple has been granted US patent number 8,127,962 for ‘Parental Controls’, a wide ranging system for tying together multiple subsidiary accounts within a mobile wallet application. The patent, first applied for in January 2009, allows… More

GlobalPlatform to put consumers in control of NFC mobile wallets

March 6th, 2012

The secure chip standards body is working on a new approach to the management of NFC secure elements that would allow consumers to pick their own ‘trusted token’ and appoint their own secure service provider. More

Visa steps up phone approvals

March 6th, 2012

Visa currently has six certified NFC phones and expects to double that figure in the next few months, the payments network’s Andrea Fiorentino has told NFC World. In the near future, Visa expects to have “a conveyor belt of approvals” in place, he added.

Intel picks NFC TSM

March 6th, 2012

Chip giant Intel has picked Giesecke & Devrient as its trusted service manager for the embedded secure elements built into its smartphone reference design (SRD), a ‘plug and play’ blueprint that handset makers can use to build Android handsets using Intel’s NFC-enabled Medfield chips.

Visa certifies Intel NFC phone

March 6th, 2012

Visa has certified Intel‘s smartphone reference design (SRD) for use in NFC payments and formed a strategic alliance with the chip maker, designed to develop mobile commerce solutions tailored to consumers in developed and developing countries. “Our work with Visa also extends to our customers designing products based on Intel’s smartphone reference device,” says Intel’s Mike Bell.

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