Calling all payment, card and secure credential technology suppliers

Covershot: NFC World partnerships — A guide for industry suppliers

2018 is set to be a pivotal year for banks, card issuers and secure credential providers around the world as new market entrants, regulatory environments and technical innovations place increasing pressure on traditional banking and card issuing business models. Here’s how you can help the NFC World team educate our audience of senior influencers and decision-makers in the year ahead. More


US survey finds growing support for biometrics as a replacement for passwords and PINs

Visa survey reveals consumers are ready to say goodbye to passwords — Visa — “Seventy percent of respondents find biometrics easier than passwords and 61% consider it faster. Fewer than a third of consumers use unique passwords for each of their accounts. Fifty percent of consumers responded that the top benefit of using biometrics is eliminating the need to remember multiple passwords or PINs, followed by 46% who said that biometrics is more secure than passwords or PINs for verifying identity.” 


Samsung and LG to launch low-end smartphones that support their mobile payment services

Samsung Electronics and LG Electronics to introduce their new low-end smartphones at CES 2018 — ETNews — “Samsung Electronics and LG Electronics are going to introduce their new low-end smartphones at CES 2018… Galaxy A8 series are installed with Samsung Pay and fingerprint recognition…. K series are installed with a mobile payment system called LG Pay that is applied to premium smartphones such as G and V series. This is the first time when LG Electronics’ low-end lineup is applied with LG Pay.” 


Gemalto agrees to be acquired by Thales

Thales and Gemalto create a world leader in digital security — Gemalto — “Thales and Gemalto announce today that they have reached an agreement on a recommended all-cash offer for all issued and outstanding ordinary shares of Gemalto… The Gemalto board has decided to unanimously support the transaction and recommend that Gemalto’s shareholders accept the offer and vote in favour of the resolutions relating to the offer at the upcoming extraordinary general meeting.” 


Australia’s central bank explores the issue of electronic banknotes

An eAUD? — Reserve Bank of Australia — “An electronic form of banknotes could coexist with the electronic payment systems operated by the banks, although the case for this new form of money is not yet established… The issuing authority could issue electronic currency in the form of files or ‘tokens’. These tokens could be stored in digital wallets, provided by financial institutions and others. These tokens could then be used for payments in a similar way that physical banknotes are used today.” 


Gemalto rejects Atos’ bid to acquire it for €4.3bn

Gemalto rejects unsolicited and conditional proposal by Atos — Gemalto — “Gemalto is well advanced in its transition from traditional banking and telecom smartcard markets to fast-growing government, enterprise and cybersecurity and machine-to-machine markets… The board of directors considers that the proposal significantly undervalues the company.” 


Nordea switches on its open banking platform

Nordea Open Banking is live — Nordea — “Together with fintechs and other external developers we aim to create new products and services for our customers at a faster pace than we could do by ourselves, while keeping customers firmly in control of what data they wish to expose and which products they wish to use, says Claus Richter, head of cash management solutions at Nordea.” 


Ford gets patent for smartphone key case

Ford patents a smartphone case that turns your phone into a key fob — Ford Authority — “Ford Motor Company was just this week granted a patent on a new type of smartphone case with all the necessary integrated electronics to allow the phone to function as a vehicle key fob… The device would communicate with the encased smartphone through the Bluetooth or NFC (Near Field Communication) protocols, the patent says, giving the user access to a virtual keyfob on the smartphone’s screen.” 


Samsung Pay Rewards expands to Spain

Samsung launches Samsung Rewards, a new loyalty program of Samsung Pay — Samsung Spain (translation) — “Users who make purchases with Samsung Pay will receive Samsung Rewards points each time they make a purchase. The accumulated points will be valid for one year and can be exchanged directly for exclusive gifts.” 


Apple Pay about to go live in Brazil?

Bank documentation hints at Brazilian Apple Pay launch — AppleInsider — “Documentation seen by Itau Unibanco customers on Monday suggest Apple is on the verge of launching Apple Pay in Brazil, which was first rumored to gain access to the mobile payments service nearly two years ago.” 


Brazil to introduce multifunction driver’s licenses that can be read with an NFC phone

New Brazilian driving licence adopts Cipurse specification from OSPT Alliance — OSPT Alliance — “The technology on the new card has many benefits including allowing law enforcement officers to read the data on the card via an NFC smartphone app, in any location, and quickly coordinate with other agencies across related systems. Additionally, banks can use fingerprint authentication to grant access to services and credit, and local public transportation solutions can also be implemented on the card.” 


Avis pilots mobile car rental keys

Continental, Avis turn phones into rental car keys — Roadshow — “Using a smart device, renters will be able to lock, unlock and even start their rental car without needing to hunt down a physical key or key fob… For now, the pilot program is limited to a single market — the Kansas City area. But, if all goes according to plan, it’s likely to roll out to additional markets in the future.” 


Trimet to roll out world’s first integration of transit ticketing card with Android Pay

Portland-Vancouver’s Hop Fastpass partners with Google, becoming the first virtual transit fare card available within Android Pay globally — TriMet — “TriMet and Google are teaming up for a first — making Hop Fastpass the first virtual transit card available in Android Pay starting early next year… In December 2017, a select group of TriMet, C-Tran, and Portland Streetcar beta testers will be able to load a virtual Hop card into Android Pay — giving them the ability to tap their phones to pay for their fares and receive all the benefits of a physical Hop card.” 


Kroger grocery stores to accept Chase Pay mobile payments

Kroger and Chase Pay announce mobile payment partnership — Kroger — “The Kroger Co is teaming up with Chase Pay — the digital engagement wallet from JPMorgan Chase & Co — to offer mobile payments starting with select retail markets and ecommerce programs in 2018… Through the partnership, Chase’s 65 million customers will have an opportunity to use Chase Pay at Kroger for online and in-lane purchases.” 


Consumers to make 500bn card payments in 2022

Global card payments set to rise by more than half to 500bn by 2022 — RBR — “We have observed impressive growth in card usage across the globe. In developing markets, rising levels of card acceptance and consumers’ growing familiarity with using cards rather than cash as a payment tool, have contributed to high growth. Meanwhile, consumer usage of contactless technology for ever smaller amounts is bolstering growth in more mature markets.” 


Atos offers to acquire Gemalto for €4.3bn

Atos proposes to acquire Gemalto to create a global leader in cybersecurity, digital technologies and services — Atos — “Atos, a global leader in digital transformation, announces that it has made a formal proposal to acquire Gemalto by way of a public offer for all of Gemalto issued and outstanding shares.” 


Men’s Health gives positive review to Gymkit with NFC

Apple’s GymKit launches today, promises additional, super accurate gym data — Men’s Health — “A quick boink of the watch near the near field communication port and one tap of the Watch to confirm you want to workout, you’re off. Adjust the pitch of the treadmill and you’ll see your feet climbed rise on the Watch. The real-time, two-way data exchange is impressive, and your equipment workout data will get logged directly into Apple’s Health app, so you can deploy it later as you deem fit.” 


First US gym adds support for Apple Watch NFC pairing with exercise machines

Apple Watch GymKit syncing arrives in exactly one US gym — Engadget — “GymKit syncing on the Apple Watch technically arrived with watchOS 4.1, but there’s been one main obstacle to using it: Actually finding a gym that supports it. Only one fitness center each in Australia and the UK have enabled it so far… One solitary gym in New York City, Life Time Athletic at Sky, now has 13 GymKit-capable machines (including treadmills, bikes, ellipticals and stair steppers) that will pair with your smartwatch.” 


Australian banks ordered to cut contactless transaction fees

‘Let shoppers choose Eftpos’: Banks ordered to overhaul paywave systems by April — news.com.au — “Australia’s banks have been given a deadline of April next year to reduce fees charged on tap-and-go payments by giving customers the option of choosing Eftpos instead of credit… ‘It’s estimated that processing tap-and-go transactions through credit cards instead of Eftpos costs businesses A$290 [US$220m] million a year.'” 


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