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NFC

News about NFC.

Bedier unveils Poynt POS

October 31st, 2014

The former head of Google Wallet has unveiled a payment terminal supporting mag stripe, EMV, NFC, QR codes and beacon technology with no add-ons or dongles needed. Poynt is both a stylish POS terminal and the name of the startup behind it. “We wanted to make sure this device would keep up with the rapidly changing payments landscape,” says Osama Bedier. “We call upon banks and developers to join us in this mission to do for merchants what smartphones have done for consumers — usher in a new chapter of commerce.”

Kili puts mPOS in a chip

October 31st, 2014

Payment processing solutions provider Kili Technology has unveiled a line of solution-on-a-chip processors that “allow designers to quickly bring to market certifiable mobile point-of-sale terminals that support all modes of payment including magnetic stripe, EMV contact and EMV contactless (via NFC) with the highest levels of security in the industry.” The processors go into production early in 2015.

MCX responds to criticism

October 29th, 2014

“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”

White paper explores the role of TSMs in cross-border NFC payments

October 29th, 2014

A 26-page white paper that explores the role of the trusted service manager (TSM) and whether they can help or hinder the globalisation of NFC services is now available for download in the NFC World+… More

McDonald’s adopts Softcard

October 28th, 2014

McDonald’s 14,000 restaurants and drive-thru locations across the US have begun accepting Android NFC mobile payments following a successful pilot program with carrier joint venture Softcard that began in 2013. The fast food chain is also accepting Apple Pay following the launch of the payment service last week.

A million consumers sign up for Apple Pay in first 72 hours

October 28th, 2014

Apple Pay saw more than one million card activations within 72 hours of launch and is already the leading NFC payments player in the US, Apple CEO Tim Cook has revealed during the Wall Street Journal’s WSJDLive event. Cook also outlined future growth plans for the service, including a potential partnership with Chinese ecommerce giant Alibaba. More

Apple Pay and HCE to push NFC payments to more than 500m users

October 28th, 2014

There will be some 516m users of NFC mobile payment services by the end of 2019, up from 101m this year, thanks to the launch of Apple Pay and HCE, a forecast from Juniper Research has found. “We would envisage that while NFC deployments and consumer activity will be buoyed by these developments, the opportunities for network operator involvement are limited,” says author Dr Windsor Holden. “Hence, we are likely to see more operators re-evaluating their existing commitments to NFC and possibly withdrawing from the space.”

NRF defends retailers’ decision to block NFC payments

October 28th, 2014

“Merchants large and small make business decisions every single day based upon what makes the best sense for the business, their associates and most importantly, their customers,” says Mallory Duncan, senior vice president of the… More

US payments body hits out at Rite Aid and CVS

October 28th, 2014

“The decision by CVS and Rite Aid to block mobile payments services like Apple Pay, Google Wallet and Softcard is anti-consumer and anti-competitive,” says US-based trade body the Electronic Transactions Association (ETA), following the MCX consortium… More

MCX retailers turn off NFC payments

October 27th, 2014

US pharmacy chains Rite Aid and CVS, both members of the MCX retailer-owned consortium which is due to launch its CurrentC mobile payment service in 2015, have stopped accepting NFC payments in the wake of the launch of Apple Pay. More

Swirl serves ads to shoppers inside stores

October 27th, 2014

Proximity marketing specialist Swirl has unveiled an in-store programmatic ad exchange that enables retailers and brands to reach consumers with relevant content and offers on their smartphones while they shop at participating locations. The service… More

Ecocash tests NFC payments in Zimbabwe

October 27th, 2014

Mobile network Econet’s payment service Ecocash is piloting NFC payments in Zimbabwe with cards that let users pay by tapping against a custom merchant device, TechZim reports. “The card was being distributed to any willing signup at selected tertiary institutions which include University of Zimbabwe, Seke Teachers’ College and Belvedere Teachers’ College,” the publication says. “Some providers/merchants that have been opted into this pilot include public transport operators and a few other retail outlets which are likely going to be located at these tertiary institutions.”

Survey finds US consumers willing to switch platforms to get Apple Pay

October 27th, 2014

Almost half (45%) of US smartphone owners with non-iOS devices would be willing to switch to an iOS device in order to gain access to Apple Pay, a study from market research firm Lab42 has… More

Chicago to get NFC mobile ticketing in 2016

October 24th, 2014

Travellers across Chicago will be able to pay for rides on all three transit systems including Chicago Transit Authority (CTA) trains and buses, Metra commuter rail and Pace suburban buses with a mobile app next… More

Discover CEO outlines plan to join Apple Pay

October 24th, 2014

Discover CEO David Nelms has spoken out about his expectation that the company will eventually participate in Apple Pay, explaining that the company is “actively working to be included over time.” “I would say that… More

Apple builds NFC tech into iPad Air 2

October 23rd, 2014

A teardown of the iPad Air 2 by iFixit has found that Apple has included an NXP 65V10 NFC module in the new tablet. The part is the same used to provide NFC functionality in the iPhone 6 and 6 Plus and its inclusion is a surprise as no mention of any NFC capability was made when the iPad Air 2 was announced last week.

Bell ID offers tokenization management software

October 23rd, 2014

PARTNER NEWS: Payment credential management specialist Bell ID has introduced Tokenization Manager, a software solution that can be used by token requesters such as card issuers to manage payment tokens, by digital wallet providers to… More

YesTap tests NFC shopping wall in Amsterdam

October 22nd, 2014

Mobile ordering startup YesTap has installed an NFC-based interactive shopping wall at Google’s Amsterdam offices which lets employees tap to order groceries and make a payment on their mobile device before collecting the items at the end of the day. More

Core Jewels offers diamond rings with NFC

October 22nd, 2014

Tokyo-based jeweller Core Jewels is taking orders for the world’s first high-end diamond jewellery products that come equipped with NFC. NFC-enabled items in the ‘One’ range include rings, necklaces and charms made of gold and… More

Google discusses Wallet plans

October 21st, 2014

Google has talked about its plans with regard to its Google Wallet app and mobile payments, hinting at possible partnerships and insisting that the company is still trying to “get it right.” “I think our goal… More

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