Thursday 8 December 2016 | RSS

 
    Feedback
     

    Closed loop

    News about Closed loop.

    Mahindra Comviva wins GTB innovation award

    June 7th, 2016

    PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva and mobile network operator Airtel Tanzania have jointly won the Global Telecom Business (GTB) Innovation Award for Airtel Money Tap Tap NFC Payments in the customer service category. “Airtel Money Tap Tap NFC Payments is the first-of-its-kind closed-loop NFC payments service that brings a paradigm shift in mobile money-based merchant payments, which so far were only performed using USSD and SMS,” Mahindra Comviva says. The service is powered by the company’s Mobiquity Money platform.

    India’s Freecharge wallet signs another mPOS network

    February 25th, 2016

    Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”. The announcement follows FreeCharge’s acceptance across the ePaisa network earlier this month and its roll out to 216 McDonald’s restaurants across India.

    Chase Pay goes to Starbucks mobile app

    February 24th, 2016

    Users of Chase Pay will soon be able to buy food and drinks at more than 7,500 Starbucks cafés in the US through the coffee chain’s own mobile app or with the Chase Pay app. “[The] Chase Pay mobile app will be accepted at 7,500 Starbucks locations by the end of this year,” JPMorgan Chase’s Gordon Smith revealed at the bank’s 2016 Investor Day. The solution will also be “embedded in the Starbucks mobile app”. Chase Pay, unveiled in October 2015, is a closed-loop barcode based mobile payment system available to holders of 94m credit, debit and prepaid card accounts.

    MCX merchants to accept Chase Pay mobile payments

    October 27th, 2015

    JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium. More

    Weve partners with MasterCard for NFC payments in the UK

    February 6th, 2014

    Weve, the mobile commerce joint venture between the UK’s three largest mobile network operators, has partnered with MasterCard to add NFC payments to its offering. “We are in dialogue with all the major banks” and… More

    Irish restaurant chain picks NFC P2P payments and rewards

    July 17th, 2013

    Dublin-based Graham O’Sullivan Restaurants has contracted retail software specialist Escher Group to deliver an NFC- and QR-based payments and rewards service that uses NFC’s peer-to-peer (P2P) capabilities. The solution works with any Android NFC phone… More

    xpWallet adds NFC ticketing

    January 7th, 2013

    New Delhi-based mobile wallet provider xpWallet has introduced an NFC ticketing solution for bus and train operators that lets commuters purchase tickets from conductors equipped with NFC phones. Travellers can either tell the conductor their destination and tap a contactless travel card or NFC phone to the conductor’s device to buy a ticket, or they can tap the conductor’s phone on both entry and exit so that the closed loop system can calculate and charge the right fare.

    Call for contributions: New report on mobile payments and the future of merchant transaction fees

    November 26th, 2012

    The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale. More

    MasterCard certifies Inside Secure payments applet

    November 13th, 2012

    Inside Secure‘s Mobile MasterCard PayPass M/Chip 4 payment applet has received MasterCard‘s Cast and Functional certification when credentials are stored on the chip specialist’s SecuRead embedded NFC module or VaultSecure secure element. Functional certification confirms… More

    Inside Secure launches multi-owner secure element

    October 29th, 2012

    “With the availability of the VaultSecure IC, smartphone manufacturers, mobile network operators and other trusted third parties can co-own the SE and install, personalize and administer their own open- or closed-loop payment, access control, transit, loyalty or other secure applets,” says Inside’s Pierre Garnier. More

    Apple shows off Passbook mobile wallet

    June 12th, 2012

    Video coverage of the launch of Apple’s first mobile wallet app shows how it will enable developers to build mobile barcode-based ticketing, stored value, loyalty card and coupon apps for today’s iPhones — and hints at how these apps could migrate to NFC in the future. More

    Vivotech powers Cubic EMV reader

    November 29th, 2011

    Vivotech‘s EMV and NFC payments software is now being used in Cubic Transportation Systems‘ new Tri-Reader 3 contactless readers, after the two companies signed a licensing and development agreement in 2009. The Tri-Reader 3 was… More

    Cashless festivals to take off in 2012, with NFC to follow in 2013

    September 7th, 2011

    Following the successful trial of Mastercard’s PayPass prepaid wristbands at the UK’s Isle of Wight Festival last June, cashless music events are set to take off in 2012 — with NFC in wide use by 2013. More