Canada’s TD Bank Group has added support for host card emulation (HCE) based mobile payments to the TD Mobile Payment application that it launched in May 2014. The service is the first in Canada to make use of Visa’s tokenization technology, the bank says. More
Security
Frost & Sullivan predicts surge in mobile wallet adoption
The number of active mobile wallet users will rise from 409m in 2015 to 1,722m in 2023, research from Frost & Sullivan predicts, while mobile payment transaction values will increase from €289.02bn (US$315.39bn) in 2014 to €1,516.70bn (US$1615.1bn) in 2020, representing a compound annual growth rate (CAGR) of 31.8%... More
NFC and the IoT webinar — See it now on NFC World
NFC World’s ‘NFC and the IoT: How NFC can bring plug-and-play simplicity to smart homes and the Internet of Things’ webinar is now available to view online... More
Generation Z leads the way in US mobile payments adoption
US consumers aged between 18 and 24 are by far the most likely to make a payment while using their mobile phone, research from GfK shows, with more than half (53%) having made a mobile payment while using the internet in the past six months... More
White paper explores future of connected living
A 25-page white paper that explores how young adults expect mobile technology and connectivity to develop over the next ten years is now available to download from the NFC World Knowledge Centre... More
China UnionPay and Visa partner on payments innovation
Payment networks China UnionPay and Visa have signed a memorandum of understanding (MOU) in Shanghai to collaborate on “providing cardholders with more convenient, secure and highly efficient payment services” with a focus on security, innovation and financial inclusion... More
US EMV adoption slower than expected
Some 37% of US merchant locations are now EMV-ready, according to management consulting firm The Strawhecker Group (TSG)... More
Gemalto’s Mobile ID gets GSMA approval
PARTNER NEWS: Digital security specialist Gemalto’s Mobile ID solution has been accredited by the GSMA’s Mobile Connect program, an initiative that aims to help mobile network operators provide a universal phone-based identity and authentication service to consumers worldwide... More
Pin4 rolls out mobile ATM withdrawals in the US
Consumers in New York, Miami, Chicago and Los Angeles can now make P2P cash withdrawals using a PIN code sent to their mobile phone at ATMs equipped with technology from Pin4 and ATM network operator Payment Alliance International... More
NXP backs two new IoT development platforms
PARTNER NEWS: NXP has put its support behind two new reference platforms that will enable “innovation and rapid development” for smart wearables. The platforms target a range of internet of things (IoT) applications with open-source hardware and software, form-factor flexibility and expandable solutions for designers to adapt to changing market needs. More
Connected car can find parking, reserve it and pay with a fingerprint
Car manufacturer Seat, Samsung Electronics and software giant SAP have created a technological alliance to develop connected car projects that could enable drivers to reserve car parking spaces and pay with a fingerprint using Samsung Pay. The companies are showing their ideas at Mobile World Congress this week. More
Gemalto and Prosa bring HCE payments to Mexico
PARTNER NEWS: Digital security giant Gemalto and payment processor Prosa have partnered to bring host card emulation (HCE) based mobile payments to Mexico... More
Canadian credit unions to launch HCE mobile payments using Interac TSP
Customers of four Canadian credit unions will be able to make host card emulation (HCE) based mobile payments at Interac Flash contactless terminals across the country from this spring... More
Mobile payments face “substantial hurdles” in 2016, says Atlanta Fed
Limited merchant acceptance points, fragmentation and consumer concerns over security and privacy will remain “substantial hurdles” to mobile payments at the physical point of sale in 2016, according to analysts at the Federal Reserve Bank of Atlanta... More
NXP launches improved NFC connected tags and reader chips
PARTNER NEWS: NXP has unveiled two new NFC products — an improved “connected tag” range designed to add intelligent tap-and-go connectivity to just about any electronic device and the PN7462 family of single chip NFC reader solutions that combine a microprocessor with USB, contact and contactless interfaces... More
Morpho and Visa work on biometric authentication
ID specialist Morpho is working with Visa to explore payment concepts using new security technologies including biometric recognition... More
MasterCard to launch ‘selfie pay’ in the US, Canada and Europe this summer
Consumers across the US, Canada and parts of Europe will soon be able to authenticate their online transactions with their fingerprint or face using MasterCard’s ‘selfie pay’ system. The confirmed launch of the service — expected this summer — follows a successful pilot in the Netherlands. More
ARM includes AMS NFC payments booster in wearables reference design
PARTNER NEWS: A new reference design for wearables from processor designer ARM includes high-performance NFC technology from AMS that enables small-footprint devices with tiny antennas to couple with NFC readers as easily and reliably as a contactless card... More
G&D connects its issuers to MDES for tokenization
PARTNER NEWS: Giesecke & Devrient (G&D) has integrated its Convego CloudPay solution with the MasterCard Digital Enablement Service (MDES) to enable issuers to work directly with G&D to implement tokenization for their host card emulation (HCE) based wallets... More
WiseKey and MasterCard to add NFC payments to watches and wearables
Security specialist WiseKey and MasterCard are working together to enable NFC payments on luxury watches and wearables... More