News about Fraud and NFC.
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 16th, 2013
New Delhi-based mobile wallet solutions provider xpWallet has announced a partnership with Toronto-based NFC specialist TapMeTags. As well as collaborating on mobile payment products, the two companies will work together on anti-fraud systems for NFC...
December 18th, 2012
Trustonic, a joint venture set up by the three companies, will provide TSMs and service providers with the key to their own secure area within a trusted execution environment on an ARM processor, in exchange for a one-off fee, providing an alternative to secure element chips for applications requiring low- to mid-range security.
December 12th, 2012
KT's MoCa combines payment cards, coupons and offers stored in the cloud with a mobile wallet app that allows consumers to make payments at merchants via traditional barcodes, QR codes or NFC — providing retailers with the flexibility to use their prefered choice of POS hardware to close the "last inch" at the point-of-sale.
November 27th, 2012
Event ticketing and payments specialist Intellitix has opened an office in Sydney, Australia. The company's RFID and NFC based systems will offer Australian music fans easy access, cashless payment and social media features at large...
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.
September 25th, 2012
The NFC and contactless technology specialist has developed a way to turn NFC phones into "secured antennas" that can securely pull down sensitive data stored in the cloud and present it to a POS terminal or a contactless door lock — without the need to include an NFC secure element in the phone.
September 7th, 2012
The Google Ventures-backed service has introduced a new POS terminal that supports NFC as well as mobile barcodes and is available free of charge and with no transaction fees to merchants that participate in its payments and marketing programme.
July 6th, 2012
"Mobile payment is something that people want and will use, if the solutions are adequate," says Telenor's Viktoria Erngard. "But in order to succeed in the long run, we need to get as many merchants on board as possible and offer more NFC-enabled phones."
June 13th, 2012
UK-based Signbox has introduced a new, weatherproof version of its Enlighten NFC smart poster that can be deployed out of doors. The new version is available in different sizes and, for high footfall areas, can...
May 29th, 2012
Nine in ten of the people surveyed for a new mobile payments index who had used an NFC phone to make a payment said they would do so again but 33% said they had not heard of the technology before and 35% said they wouldn't use it because of concerns over security and fraud.
April 19th, 2012
The UK-based financial institution has announced two enhancements to its mobile payments offering, increasing the reach of the Quick Tap NFC service it runs with Orange and announcing plans to provide all its Visa credit card customers with a free mobile contactless sticker.
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...
January 31st, 2012
The payments giant has set out its plans for moving the US from magnetic stripe card technology to chip cards and NFC phones. The plans include incentives for merchants, integrated customer loyalty programmes and support for dynamic authentication technologies.
January 30th, 2012
The US Federal Trade Commission is inviting comments from industry representatives, consumer groups, technology providers and academics ahead of a mobile payments workshop it will host in Washington, DC on 26 April.
December 6th, 2011
Telecoms research institute ETRI has established a standard way for Korean merchants to deliver receipts to NFC mobile phones, allowing stores to cut out the need to print paper sales slips.
November 29th, 2011
"There is undoubtedly consumer appetite for using new technologies when the benefits are made clear," says Ipsos Mori boss Simon Atkinson. "For consumers who are worried about embracing technology changes, and the older generation in particular, the answer is likely to lie in offering existing services in tandem with new."
November 14th, 2011
A survey of UK consumers conducted for Gemalto has found that a third of Brits would use NFC services — if they understood the technology better and knew it was completely secure.
November 10th, 2011
American Express is to invest US$100 million in digital commerce startups over the next several years. A new Silicon Valley office will fund innovative technologies in loyalty and rewards, mobile and online payments, fee-based services,...
October 18th, 2011
"The risks to personal privacy must be addressed," say the authors of a new London School of Economics report examining NFC privacy and regulation issues. "This is not only to protect against surveillance, but it is essential to ensure that there is confidence in the marketplaces that may yet emerge with widespread use of NFC."