NFC World https://www.nfcworld.com News and analysis on the emerging technologies transforming how consumers choose what to buy, who to buy from, and how to pay Sun, 20 Jan 2019 18:44:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.0.3 https://www.nfcworld.com/wp-content/uploads/2016/02/cropped-nfc-world-site-icon-32x32.png NFC World https://www.nfcworld.com 32 32 37289602 Swatch brings its contactless payments service to Europe https://www.nfcworld.com/2019/01/18/359033/swatch-brings-its-swatchpay-contactless-payments-service-to-europe/ Fri, 18 Jan 2019 13:06:12 +0000 https://www.nfcworld.com/?p=59033 Fashion watch buyers in Switzerland can now choose from one of a range of four Swatch watches that come with support for SwatchPay! contactless payments — and enable customers to use a specially designed ‘SwatchPay! Box’ to instantly provision their bank card to their new watch in the store. The launch of the contactless payments […]

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Chinese shopping street adopts face recognition payments https://www.nfcworld.com/2019/01/18/359037/chinese-shopping-street-adopts-face-recognition-payments/ Fri, 18 Jan 2019 13:01:29 +0000 https://www.nfcworld.com/?p=59037 “A historical shopping street in Wenzhou City, Zhejiang Province, has become the first in China to extensively apply facial recognition in making payments… Mao Xinqin, director of the street’s administration, said facial recognition payments can improve efficiency during the peak season for tourism and shopping. Yang Peng, vice president of Ant Financial, said Alipay has […]

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TD Ameritrade leverages Apple Pay to let share buyers use debit cards to instantly fund their brokerage accounts https://www.nfcworld.com/2019/01/17/359027/td-ameritrade-leverages-apple-pay-to-let-share-buyers-use-debit-cards-to-instantly-fund-their-brokerage-accounts/ Thu, 17 Jan 2019 13:38:49 +0000 https://www.nfcworld.com/?p=59027 “TD Ameritrade announced an industry first today: The ability for individual investors to instantly fund a brokerage account with Apple Pay through Apple Business Chat in the Messages app on iPhone and iPad. Historically, to fund brokerage accounts, investors have had to endure a multi-day waiting period while funds were verified or manage a complicated […]

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NFC Forum unveils technical specification that lets IoT devices use a single antenna for both NFC and wireless charging https://www.nfcworld.com/2019/01/16/359023/nfc-forum-technical-specification-single-antenna-nfc-and-wireless-charging/ Wed, 16 Jan 2019 13:24:15 +0000 https://www.nfcworld.com/?p=59023 The NFC Forum has released a new candidate technical specification that is designed to enable a single antenna in an IoT device to be used to manage both NFC communications and wireless charging. The Wireless Charging (WLC) Candidate Technical Specification makes it easier and more convenient to charge low power IoT devices such as smartwatches, […]

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Russian supermarket chain rolls out open loop fingerprint payments service https://www.nfcworld.com/2019/01/16/359021/russian-supermarket-chain-rolls-out-open-loop-fingerprint-payments-service/ Wed, 16 Jan 2019 12:01:26 +0000 https://www.nfcworld.com/?p=59021 “After the quick registration process, which takes place at a checkout, clients tie two fingerprints to a Visa or Mastercard bank card and confirm the registration by coming up with a password. Payments can then be made at all stores with biometric POS terminals by scanning a fingerprint and confirming the transaction with the password. […]

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Blockchain mobile payments pilot to go live in Mongolia https://www.nfcworld.com/2019/01/16/359019/blockchain-mobile-payments-pilot-to-go-live-in-mongolia/ Wed, 16 Jan 2019 11:48:24 +0000 https://www.nfcworld.com/?p=59019 “The pilot programme in Nalaikh City will launch with two main features: peer-to-peer (P2P) payments to allow instant transfer among users of different banks, and mobile payments to build the infrastructure for secure, contactless payments… The programme is set to launch within the next six months.”

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US credit unions to offer blockchain digital ID service https://www.nfcworld.com/2019/01/16/359017/us-credit-unions-to-offer-blockchain-digital-id-service/ Wed, 16 Jan 2019 11:37:11 +0000 https://www.nfcworld.com/?p=59017 “MyCUID uses distributed ledger technology that allows credit unions to detect fraud and support self-sovereign identity, or a decentralized user-controlled authentication that can enable access to apps, programs, buildings, triggers for financial transactions, and other uses… CULedger on Jan 18 is scheduled to demonstrate MyCUID with a more general public rollout scheduled for the second […]

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PenFed joins US move to contactless payment cards https://www.nfcworld.com/2019/01/16/359015/penfed-joins-us-move-to-contactless-payment-cards/ Wed, 16 Jan 2019 11:17:11 +0000 https://www.nfcworld.com/?p=59015 “PenFed Credit Union, the nation’s second largest federal credit union, is among the first credit card issuers in the US to roll out new contactless Visa cards across its credit and debit portfolio, giving members the ability to tap to pay at checkout… Merchants across the US have already enabled contactless payments, with 70 of […]

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Swift to let merchants offer instant bank loans to online shoppers https://www.nfcworld.com/2019/01/16/359012/swift-to-let-merchants-offer-instant-bank-loans-to-online-shoppers/ Wed, 16 Jan 2019 10:46:55 +0000 https://www.nfcworld.com/?p=59012 “By selecting Pay Later at the point of purchase, customers are provided with available loans from their banks; they can then select and initiate a loan, knowing that the funds can immediately be credited to the merchants and items dispatched. By offering the Pay Later option, merchants are in turn able to offer a wider […]

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Dejamobile reports on the development of a generic TEE solution for securing HCE mobile payment apps https://www.nfcworld.com/2019/01/16/359000/dejamobile-generic-tee-solution-for-securing-hce-mobile-payment-apps/ Wed, 16 Jan 2019 09:59:22 +0000 https://www.nfcworld.com/?p=59000 PARTNER NEWS: Card issuers could soon be able to more easily make use of trusted execution environments (TEEs) to add security to their HCE mobile payments apps, mobile transaction specialist Dejamobile explains in a new white paper which is now available to download free of charge from the NFCW Knowledge Centre. ‘Enhancing HCE mobile payments […]

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