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    NFC

    News about NFC.

    Gemalto explores seven myths about mobile NFC

    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.

    UOB to lift NFC mobile payment limit in Singapore

    May 30th, 2016

    Singapore’s United Overseas Bank (UOB) will lift the S$100 (US$73) contactless transaction limit for NFC mobile payments at all of its point-of-sale terminals by the end of next year. “The limit has been removed at 2,000 of its 10,000 terminals so far,” UOB says. “With the removal of the limit, mobile contactless payments made at UOB terminals through Apple Pay or UOB Mighty Pay for Android phones will have no limit other than the customer’s own credit or debit card limit.” The bank launched its host card emulation (HCE) based UOB Mighty Pay service in November 2015.

    A quarter of Brits will make NFC mobile payments in the next year

    May 27th, 2016

    One in four British consumers intend to use their mobile phone to make NFC-based mobile payments in the next 12 months, according to research from MasterCard. One in 20 are already making NFC mobile payments once… More

    Polish bank gets HCE mobile payments through First Data and Bell ID

    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… More

    Gemalto analyses success of SK Telecom’s NFC service

    May 25th, 2016

    PARTNER NEWS: A case study of South Korean mobile network operator SK Telecom’s NFC-based mobile wallet which explores the reasons behind its success is now available from digital security giant Gemalto. “Gemalto is supplying SK Telecom’s SK Wallet solution with NFC SIM cards,” the company says. “Today, SKT mobile wallet is available to more than 12m subscribers through their NFC SIMs.”

    Apple Pay adds Visa, MasterCard and five major banks in Singapore

    May 25th, 2016

    Consumers in Singapore can now add their MasterCard and Visa cards to Apple Pay, after the mobile payment service launched there in April 2016 with support from American Express alone. Five of the country’s major… More

    Wells Fargo to add NFC-based mobile payments to banking app

    May 25th, 2016

    Customers of Wells Fargo Bank across the US will soon be able to make NFC-based mobile payments and ATM withdrawals with a tap of their phone using the Wells Fargo Wallet, a mobile payment service… More

    MyPay to launch mobile wallet in Myanmar

    May 24th, 2016

    Customers of mobile financial services provider MyPay in Myanmar will soon be able to make payments using their mobile phone through a new service based on technology from mobile wallet provider Cellum. “Cellum Mobile Next, Cellum’s market-tested mobile commerce wallet, will be available under the MyPay brand,” Cellum says. “The innovative wallet offers the latest functions like payment by QR code, P2P transfers, online checkout, airtime top-up and bill payment. At a later stage, NFC services will also be added.”

    Wells Fargo to launch NFC mobile payments

    May 24th, 2016

    US bank Wells Fargo is expected to launch an NFC-based mobile payment service this week, according to the Los Angeles Times. “With mobile wallets such as the one Wells Fargo plans, consumers enter their credit card information in their phones before shopping with merchants who use NFC technology,” the publication reports. “The consumer holds the phone over a payment terminal and taps a button on the phone or enters a PIN.”

    One in 10 UK card payments were contactless in 2015

    May 23rd, 2016

    The average UK adult made 20 card payments per month in 2015, of which around one in 10 were contactless, research released by Payments UK reveals. “By 2025, we are predicted to use a debit, credit or charge card virtually every day and almost half of these transactions, 14 per month, will be contactless,” the organisation says. “Many of these payments may be made using a mobile phone.” Payments UK also predicts that by 2025, cash will only be used for 27% of payments.

    Wearable device gives users electric shock if they overspend

    May 23rd, 2016

    Owners of a Pavlok wearable device will now be given an electric shock whenever they spend too much money using a new service developed by UK-based Intelligent Environments. More

    Jones adds NFC and QR codes to smart packaging with Tuku

    May 23rd, 2016

    Pharmaceutical and consumer packaged goods companies can now add NFC tags and QR codes to packaging in order to send out messages, promotions and offers to their customers’ smartphones using an integrated solution developed by packaging provider Jones Packaging and mobile marketing specialist Tuku. More

    UK contactless spending totalled £1.5bn in March 2016

    May 20th, 2016

    UK contactless payments in March totalled £1.5bn (US$2.19bn), The UK Cards Association has revealed, four months after monthly contactless spending hit £1bn in November 2015. “The £0.5bn mark came in May last year,” the organisation says. “One in seven of all card transactions are now contactless, compared to one in 16 a year ago. There were a total of 179.6m contactless purchases in March, with 67 made every second. On the high street, one in six card purchases are now contactless [with] monthly contactless spending trebling in the past year, up from £431.1m in March 2015.” 86.5m contactless cards are now in circulation in the UK.

    Bank of America adds Android Pay withdrawals at ATMs

    May 19th, 2016

    Bank of America (BofA) customers can now make cash withdrawals at ATMs in the US using their mobile phone and Google’s Android Pay mobile payment service, the bank has announced at this week’s Google I/O… More

    Fitbit buys Coin’s wearable payment assets

    May 19th, 2016

    Fitness wristband maker Fitbit has acquired the wearable payment assets of connected device maker Coin in a move that will enable the company to add NFC payment capability to its future devices. More

    UK charity collects contactless donations using dogs

    May 18th, 2016

    UK consumers can now make a £2 donation to the Blue Cross animal charity by tapping their contactless card against specially designed jackets worn by dogs. Each jacket houses a PayPal Here contactless terminal, which launched… More

    US Smart City Challenge adds NXP’s RFID tagging solutions

    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… More

    NXP unveils POS reader solution

    May 18th, 2016

    PARTNER NEWS: NXP has introduced a point-of-sale reader solution — SLN-POS-RDR — that will enable customers to develop and launch contact and contactless payment systems into the market. “The solution platform is the first to leverage and combine NXP’s market leading contact payment card reader silicon and a high-power NFC contactless frontend solution (PN5180),” the company says. “The POS reader solution is available now to lead customers, shipping to new customers in Q3.”

    Android Pay launches in the UK

    May 18th, 2016

    Google has launched its Android Pay mobile payment service across the UK, allowing consumers to make payments at any contactless terminal with a tap of their Android handset. The service launches with support from MasterCard, Visa and eight British banks, “with new banks being added all the time,” the company says. More

    Ugo Wallet launches HCE solution in Canada

    May 17th, 2016

    Canadian open NFC mobile wallet provider Ugo has added a host card emulation (HCE) based solution to its Ugo Wallet and is using tokenization technology from Visa for the service. The company confirmed to NFC World in… More

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