News about Mobile banking and NFC.
August 1st, 2013
The number of NFC phones shipped will increase 156% in 2013 to a total of 400m devices globally, according to a new report from Strategy Analytics. This means that one third of the smartphones sold...
June 26th, 2013
Dutch research institute Novay has developed an Android app that could make expensive NFC reader equipment redundant when verifying passports. NFC Passport Reader uses NFC to read the chip embedded in a passport and can...
June 5th, 2013
Worldwide mobile payment transaction values will reach US$235.4bn in 2013, a 44% increase on 2012's $163.1bn, according to a new forecast from Gartner — but NFC transactions will account for a smaller than expected proportion...
May 13th, 2013
Canadian bank RBC and mobile network operator Bell have announced plans to jointly introduce an NFC payments service. The new deal will give RBC customers, with an NFC phone supplied by Bell, the ability to...
April 16th, 2013
DBS has become the first bank to offer a virtual credit card to customers of all three mobile network operators in Singapore. DBS One.Tap launched in August 2012 for StarHub customers and was expanded to...
March 28th, 2013
RBC Royal Bank and Scotiabank both plan to make the new mobile payments service available to their customers later this year — and RBC has announced it will now make all Interac Flash contactless payments available free of charge to its account holders.
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.
Mobile Wallet Outlook: Merchants and new financial services players flex their mobile payments muscles
November 14th, 2012
In the November edition of Mobile Wallet Outlook, the monthly trends bulletin for subscribers to The Mobile Wallet Report, the NFC World team examines the role US merchants plan to play in mobile payments and how the move to mobile is creating new opportunities for alternative players to define the bank account of the future.
November 4th, 2012
Canadian athlete Simon Whitfield has completed Canada's first NFC transaction, at a Tim Hortons coffee shop, and customers of the bank and mobile network operator can now order an NFC-enabled Rogers SIM ahead of the full commercial launch of the new mobile payments service on 16 November.
September 26th, 2012
Auckland Transport, Telecom New Zealand and financial services group Westpac have announced they are now ready to begin their first NFC field trial. Announced in April, the trial is being run in collaboration with Gemalto,...
August 10th, 2012
Australian bank Westpac has begun an NFC payments pilot, using Android handsets equipped with a secure element embedded in the SIM that stores a virtual MasterCard debit card. "Those participating in the pilot will be...
July 6th, 2012
"We would prefer to start using the chip that comes with the phone," says CommBank's head of online banking, but "currently the NFC chip (the secure element) in Android NFC-enabled phones is not available to us."
June 20th, 2012
NFC-on-microSD specialist Tyfone is to supply mobile banking solutions, including its NFC payments technology, to two US credit unions. Security Service Federal Credit Union (SSFCU) will use a cloud-hosted instance of Tyfone's u4ia mobile platform...
February 27th, 2012
The three card issuers' 100 million customers will be able to store a full range of credit, debit and prepaid cards, as well as loyalty cards and special offer coupons, on their NFC mobile phones.
February 26th, 2012
The banking giant, the eighth largest in the world, has partnered with Orange for the development and introduction of the first NFC payments solution to support cards issued by both Visa and MasterCard.
February 14th, 2012
The telecoms giant has chosen the SAP subsidiary to provide a mobile wallet solution that it will begin introducing in Europe and Latin America during the first half of 2012.
February 10th, 2012
Visa has added mobile services to its Visa DPS issuer processing platform. The new features, developed by Monitise, allow US financial institutions to offer account holders the ability to monitor account history and balances, transfer...
January 3rd, 2012
23% of US consumers are now "very willing" to use their mobile phone as a wallet, a KPMG survey has found, but many consumers are still expressing privacy and security concerns.
December 6th, 2011
A new survey from KPMG has found that 41% of shoppers now use their phone to research products and services in-store and consumers are increasingly willing to share data with advertisers if it saves them money — but concerns over mobile payments security and privacy issues remain.
December 6th, 2011
The mobile banking platform provider will use $18m of new funding for "the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators."