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Fraud

News about Fraud and NFC.

Diebold brings NFC to ATMs

October 9th, 2013

ATM maker Diebold is adding the option to upgrade its Opteva terminals to enable them to interact with contactless cards and NFC devices. The solution will speed up the cash withdrawal process and reduce the risk of card theft and fraud, Diebold says.

Bell ID launches NFC secure element in the cloud platform

June 5th, 2013

The new service enables keys, certificates and NFC credentials to be stored securely in a remote location, rather than in the mobile device, is fully compatible with standard EMV contactless payments terminals and enables card issuers to deploy NFC solutions without the need to partner with mobile network operators or other third parties. More

Tesco: NFC payments are too complex and offer too few benefits

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.” More

TapMeTags and xpWallet team up

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 devices and tags.

ARM, Gemalto and G&D introduce alternative to NFC secure elements

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. More

Sixty banks and retailers sign up for new Korean mobile wallet service

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. More

Intellitix opens in Australia

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 events, while providing organisers with analytics and tools to fight ticket fraud and touting. The company already has offices in the US, Canada and the UK and has issued more than 2.5m tags at festivals including Coachella, Bonnaroo and Lollapalooza over the last 18 months.

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

Inside Secure to offer cloud-based NFC secure element solution

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. More

LevelUp adds NFC to zero transaction fee merchant marketing platform

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. More

Telenor reports results of Oslo NFC payments trial

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.” More

Signbox lights up NFC outdoors

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… More

Index reports on consumer acceptance of NFC payments

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. More

Barclaycard expands Quick Tap NFC service and offers PayTag stickers to Visa credit card holders

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. 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.

MasterCard publishes roadmap for moving the US to EMV and NFC

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. More

FTC looks into mobile payments

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. More

Korea to eliminate paper receipts with NFC

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. More

Survey reports on consumer attitudes to next-gen loyalty

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.” More

Consumer education needed ‘to dispel myths surrounding NFC’

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. More

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