News about Digital wallet and NFC.
May 8th, 2013
"It is an all-in-one digital wallet that lets customers choose which way they want to pay," the Taiwanese carrier's Joseph Kuo has told NFC World. "The wallet supports multiple credit and bank cards, loyalty cards, coupons etc, and I think Chunghwa Telecom would like to see a big development in both technologies."
April 24th, 2013
"NFC was revolutionary 10 years ago but I think it just might have passed its sell-by date", the retail giant's Lyndon Lee told attendees at a mobile payments conference in London this week. "We are developing a digital wallet, focusing on marketing and loyalty aspects, but payment may not enter the wallet."
April 10th, 2013
NFC payments specialist Helixion has launched Lok-MPL, a new mobile payments platform which the company says already has the backing of 12 major European banks. The platform, which is being used by Swiss mobile network...
March 21st, 2013
MasterCard's move to increase the fees charged to "staged" digital wallets like PayPal could see a similar surcharge being applied by Visa. "I think it is totally appropriate to do that," Visa chief executive Charlie...
MasterCard fights back against new payments players with increased transaction fees for digital wallets that don’t share data
March 20th, 2013
The new fee is to be applied to "staged" digital and mobile wallets that provide a way for transactions to be charged to a customer's credit card without any details about the purchase being passed on to the payments network. PayPal and Google Wallet as well as a number of other new market entrants are all expected to be affected but "traditional" NFC wallets will not.
March 20th, 2013
Sixteen Korean banks have introduced BankWallet, a prepaid NFC payments service that uses a platform developed by interbank clearing house KFTC. SK Telecom subscribers with an NFC phone will be the first to be able to use the new service and KT customers will be added soon.
February 25th, 2013
MasterPass covers in-store and online payments, supports both NFC and QR codes and enables "banks, merchants and partners" to offer their own wallets to consumers.
January 22nd, 2013
Samsung has announced that an NFC version of the Galaxy S III Mini is now available. The device was announced with NFC in October 2012, but the first devices then shipped without the functionality. Now,...
January 16th, 2013
"The year ahead will see us putting mobile contactless payments into consumers' hands and introducing digital wallets on a mass scale," says Peter Ayliffe, chief executive of Visa Europe, as the payments network predicts there will be 40 mobile contactless payments issuers in Europe in 2013.
The Mobile Wallet Report: PayPal takes its digital wallet overseas, biometrics gain ground and marketers flock to Apple Passbook
December 18th, 2012
In the December edition of Mobile Wallet Outlook, the NFC World team examines the resurgence of interest in using fingerprint verification at the point of sale, the innovative new services being built on top of Apple's Passbook mobile wallet and the latest consumer adoption surveys. Our first "spot report" takes an in-depth look at PayPal's digital wallet and in-store payments strategy and asks whether the online payments giant can succeed in crossing the online-offline divide.
December 18th, 2012
In a blog post entitled "Looking Ahead to 2013", PayPal president David Marcus sets out his "thought starters, perhaps predictions, for 2013" — and at the top of the four-point list is "NFC will fail...
November 28th, 2012
The UK's RBS Group is currently testing Visa's V.me digital wallet ahead of a full rollout in 2013. RBS' Royal Bank of Scotland and NatWest banks are also working with Visa Europe on an NFC...
November 20th, 2012
"As early as next year, customers with NFC-enabled smartphones will be able to leave their wallets at home and pay for a morning coffee, an evening out with friends, or groceries, with their handset," says the carrier's head of strategy and business development.
November 19th, 2012
Denmark's four mobile network operators have formed a joint venture company to introduce mobile payments and a three phase rollout programme that will "eventually" evolve to include support for NFC.
November 13th, 2012
Cardholders can use V.me at 23 merchants today to make payments online by entering just a username and password. In-store payment capabilities are expected to be added in 2013.
May 9th, 2012
The payments network has announced PayPass Wallet Services, a digital wallet platform that will support NFC. Eighteen financial institutions, American Airlines and bookseller Barnes & Noble are among those who have signed up for the service.
April 30th, 2012
"Our intention is that V.me will ultimately be able to incorporate any or all of our new payment technologies, allowing our members to deliver the best possible payments experience whether face-to-face, online or in a mobile environment," says Visa Europe's Mariano Dima.
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%...
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...
February 21st, 2012
Samsung has signed a memorandum of understanding with Malaysian RFID firm Smartag that will see the two firms working together to bring NFC technology to the Malaysian market. "Together we will work to simplify the...