News about Chips.
July 21st, 2016
There were 326.8m chip cards in the US as of the end of June 2016, exceeding the number of people who live in the country, Visa has reported. “The US added more than 100,000 chip-enabled merchant locations in June, bringing the total to 1.3m, or about 28% of the total merchant population,” the payment network says. “More than three-quarters of those chip-ready locations are small and medium-sized businesses. In June, one in four dollars spent in-store on a Visa card was spent with a chip card in a chip terminal.” The number of Visa chip payment transactions hit 483m in June.
July 7th, 2016
Barclaycard has unveiled Loop, the fourth product in its bPay contactless payment device range, which comes in the form of a contactless chip and lets consumers add NFC payment capability to the wearable devices they already own.
June 23rd, 2016
Some 35% of all card-present transactions conducted globally between January and December 2015 used the EMV chip card standard, up from 32% in 2014, standards body EMVCo has revealed. The number of EMV payment cards in global circulation also increased by 1.4bn to 4.8bn over the 12-month period.
June 6th, 2016
A total of 17.7bn secure elements (SEs) based on GlobalPlatform specifications were deployed globally between 2010 and 2015, representing 41% of all SE shipments in that same period, the standards body has revealed. “This is a very significant announcement, which shows just how far the secure chip technology industry has advanced in recent years,” says GlobalPlatform’s Kevin Gillick.
May 3rd, 2016
PARTNER NEWS: NFC and mobile payments pioneer Proxama has completed the integration of Discover’s D-Payment Application Specification (D-PAS) contactless product into its EMV enablement solution. The EMV solution will support the roll out and use of chip cards from multi-purpose charge card provider Diners Club South Africa.
April 27th, 2016
Contactless technology was built into 56% of all smart cards shipped globally excluding the Americas in 2015, up from 42% in 2014, the Smart Payment Association reports. “53% of all cards shipped in Europe were contactless, while in the Asia Pacific region, an impressive 74% of cards featured contactless technologies,” says the association. Approximately 2.6bn chip payment cards were shipped around the world last year, with 570m shipped to the US — a two-fold increase on 2014 — and a 27% growth in shipments in China.
April 27th, 2016
Adidas has developed a connected race suit that comes equipped with an NFC chip to confirm whether or not the product complies with current Fédération Internationale de l’Automobile (FIA) regulations.
April 20th, 2016
PARTNER NEWS: NXP has teamed up with HID Global to work on enabling consumers to open electronic locks at commercial buildings, hotels and workplaces with a tap of an NFC wearable device.
April 11th, 2016
Shoppers at Adobe’s prototype “store of the future” in Las Vegas are being given RFID chip-enabled shopping bags that allow them to purchase items simply by putting the bags on a checkout counter. “The bags automatically inventory any items put in them and then charge a customer’s credit card when they exit the store,” Fast reports. “Beacons in the store help the retailer identify the customer.”
March 16th, 2016
Visitors to this week’s CeBIT show in Hanover, Germany, can get an NFC chip implanted into their hand by visiting the Digiwell stand. “It will cost you €69 (US$77) including the special syringe to insert it,” PC World reports. “You can get chipped for free at CeBIT if you’ll submit to the procedure on stage.”
February 23rd, 2016
PARTNER NEWS: NXP has unveiled two new NFC products — an improved “connected tag” range designed to add intelligent tap-and-go connectivity to just about any electronic device and the PN7462 family of single chip NFC…
February 23rd, 2016
PARTNER NEWS: A new reference design for wearables from processor designer ARM includes high-performance NFC technology from AMS that enables small-footprint devices with tiny antennas to couple with NFC readers as easily and reliably as…
February 22nd, 2016
Users of Tencent’s WeChat mobile payment service will soon be able to authenticate transactions with a fingerprint. “This new fingerprint authentication, enabled by the Qualcomm Haven security platform’s authentication framework, means that users will be able to conduct online transactions on mobile devices using their fingerprint,” says technology provider Qualcomm Technologies, a subsidiary of chip maker Qualcomm. The service will be available on Vivo X6 smartphones, before rolling out to other devices in the coming months.
February 19th, 2016
Swiss luxury watchmaker Mondaine is to add NFC payment capability to a variety of its watches, starting with its Mondaine Helvetica No1 smartwatch, that will let wearers make payments with a tap of their wrist at any contactless enabled terminal.
February 4th, 2016
Consumers across the globe will use their mobile phones to spend a total of US$620bn on all forms of mobile transaction this year, representing a 37.8% year-on-year growth from $450bn in 2015, research from TrendForce reveals. By 2017, total mobile payment revenue will reach $780bn, climbing to $930bn in 2018 and $1.08tn in 2019.
February 3rd, 2016
British singer songwriter Beatie Wolfe is promoting the release of her new single with an NFC jacket that lets fans listen to the song by tapping their NFC phone onto the fabric. It has been designed in…
January 29th, 2016
PARTNER NEWS: Giesecke & Devrient (G&D) is working with chip maker Renesas to apply the lessons learned from the use of trusted service management technology in mobile payments to a new market — protecting industrial…
January 26th, 2016
PARTNER NEWS: Bespoke NFC tag supplier and manufacturer RapidNFC has expanded its range to include NFC asset tags that are designed to make it easy to tag a wide range of assets from cables to shelving and machinery.
January 26th, 2016
PARTNER NEWS: Tokenization and mobile payments specialist Bell ID has been acquired by chip maker Rambus. Bell ID will form part of Rambus’ Cryptography Research division, which specialises in embedded security solutions including tamper resistance,…
January 13th, 2016
Samsung’s fashion division has developed a t-shirt designed for golfers that comes equipped with an NFC chip in its sleeve. When tapped with an NFC device, the chip launches a mobile app that provides the golfer with information about the course they’re playing on.