News about Infrastructure.
July 22nd, 2016
A 16-page white paper designed to help banks make informed decisions about bringing an Android-based mobile payments service to market is now available to download from the NFC World Knowledge Centre.
July 21st, 2016
Mastercard has entered into a definitive agreement to acquire 92.4% of UK payments infrastructure operator VocaLink for approximately £700m (US$920m). “Under the agreement, a majority of VocaLink’s shareholders will retain 7.6% ownership for at least three years,” Mastercard says. “This acquisition accelerates Mastercard’s efforts to be an active participant in all types of electronic payments and payment flows and to enhance its services for the benefit of customers and partners.”
July 20th, 2016
PARTNER NEWS: Motorists in Marseille, France, will soon be able to pay for the time spent in a parking bay by sending an SMS when they enter and another one when they leave, charging the payment to their mobile phone bill.
July 6th, 2016
A 29-page white paper that explores the payment industry of Bangladesh and includes a detailed examination of its current systems, the evolution of alternative payment methods and the uptake of NFC, tokenization and EMV is now available to download from the NFC World+ Knowledge Centre.
June 27th, 2016
The Reserve Bank of India (RBI) has released its framework for payment and settlement systems with a view to moving the country towards a “less-cash” society. Vision-2018 “reiterates the commitment of the Reserve Bank of India (the Bank) to encourage greater use of electronic payments by all sections of society,” RBI says. “Building a robust payments infrastructure in the country to increase the accessibility, availability, interoperability and security of the payment systems will continue to remain a key objective.”
June 13th, 2016
A case study which explores how one of London’s most iconic buildings has used NFC technology to streamline data key management, security patrol and contractor services into a single interface and deliver more accurate information in real time is now available to download from the NFC World+ Knowledge Centre.
June 9th, 2016
UK bank Barclays is to become the first to launch Pay by Bank, the mobile payment app developed by payments infrastructure operator VocaLink’s mobile payment startup Zapp. The service will be made available to customers from autumn 2016, with Lloyds Bank, Halifax and Bank of Scotland also planning to support the service “soon”. The service was expected to launch last year, but was later delayed.
June 7th, 2016
Samsung Pay is expected to launch in Australia next week, an invitation to a press conference scheduled for June 15 reveals. “A hands-on demonstration at the event means that local infrastructure is almost certainly in place so a widespread customer launch is likely to be imminent or immediate,” Gizmodo Australia reports. American Express revealed it was gearing up to support Samsung Pay in Australia in April 2016.
June 3rd, 2016
Chinese tourists will soon be able to make payments at 210,000 store locations in Germany serviced by payment provider Concardis using Ant Financial’s Alipay mobile payment platform. The move marks the service’s launch into Europe after the company unveiled its expansion plans at Money20/20 Europe in April 2016.
May 31st, 2016
PARTNER NEWS: Digital security giant Gemalto has published a list of the seven most common myths about mobile NFC which explores the reasons why some consumers may not be prepared to use the technology on their mobile device. ‘7 myths about mobile NFC’ answers questions about the security of NFC, looks at why some believe the technology is still not mature enough and challenges the belief that the infrastructure for NFC payments is not yet in place.
May 26th, 2016
More than half of US and UK consumers (52%) prefer to log in to online accounts using “modern authentication methods”, research from Gigya reveals, including 29% who favour two-factor authentication and 20% who prefer biometric authentication.
May 25th, 2016
PARTNER NEWS: Customers of Eurobank Poland can now make host card emulation (HCE) based mobile payments as a result of a collaboration between First Data Poland and tokenization and mobile payment specialist Bell ID which offers cloud-based mobile payments…
May 18th, 2016
PARTNER NEWS: The US Department of Transportation (USDOT) has expanded its Smart City Challenge initiative to include NXP’s RFID tagging solutions and smart card ICs. The addition of NXP RFID tagging will enable automatic vehicle…
May 5th, 2016
The State Bank of Vietnam has instructed banks to “quickly carry out a plan to convert all magnetic cards into chip cards to prevent fraud”, according to Vietnam News. “Besides security, the conversion to the new card is also meant to get infrastructure ready for the application of new payment technologies in the near future,” the publication reports. “Five banks will be chosen to trial the conversion and other banks will follow suit.”
April 21st, 2016
Handset maker Micromax will soon begin offering its customers in India an NFC mobile payment service through a collaboration with Visa and payment solutions provider TranServ.
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 19th, 2016
Nordic payments service provider Nets is to launch a mobile payment service in Denmark in autumn 2016 that will use host card emulation (HCE) technology from Japanese card issuer JCB, the two companies have announced.
April 14th, 2016
The number of contactless transactions made in Canada increased 14.71% in the first quarter of 2016 compared to Q1 2015, with the total amount spent rising by 108.84%, research by Moneris reveals. “Comfort on the part of consumers coupled with the payment infrastructure we have built here in Canada sets us up well to take advantage of the new mobile payment options entering the market,” says the company’s Angela Brown.
April 4th, 2016
PARTNER NEWS: Digital security giant Gemalto is supplying Singapore’s mobile network operators with UpTeq Multi-Tenant NFC SIMs for the rollout of a service enabling commuters to use a mobile version of their EZ-Link transit card…
April 1st, 2016
The five largest banks in Switzerland are in talks with financial infrastructure operator SIX and retail giants Coop and Migros over the launch of a common solution for mobile payments “across all channels” that can be “rapidly spread” across the country.