11 news stories.
• Should Federal Reserve Bank of Boston be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
• Should Federal Reserve Bank of Boston be in the NFCW Expo? Is this your organisation? Find out how to get your NFCW Expo showcase.
Familiarity with mobile payments could help to drive adoption of contactless cards in the US but could in turn move those that have already adopted mobile payments back to physical methods of payment, according to a new issue of Auriemma Research’s Mobile Pay Tracker... More
The rollout of contactless cards in the US should have an overall positive influence on NFC mobile payments adoption in the US, according to a report from the Federal Reserve Bank of Boston — but both consumers and merchants have ongoing adoption issues that remain to be resolved... More
Industry perspectives on the evolution of EMV payment tokenization — Federal Reserve Bank of Boston — “This white paper examines payment tokenization changes and impacts to the payments industry since 2014. The research represents the authors’ views with input from Mobile Payment Industry Workgroup (MPIW) members and qualitative interviews with key industry stakeholders.”
Survey: Retail mobile banking nearing universal adoption, mobile payment offerings accelerate — Federal Reserve Bank of Boston — “Implementation of mobile payment services is accelerating as financial institutions respond to competitive pressure and the industry momentum for mobile payments: In addition to the 24% already offering mobile payments, 40% plan to do so within two years. Additionally, more than two-thirds of respondents partner or plan to partner with third-party processors and more than half are considering a partnership with a near-field communication (NFC) wallet provider.”
The value proposition for using mobile payments must be clearly stated to customers in order to change their behaviour from using plastic cards to mobile phones, says the Federal Reserve Bank of Boston following the completion of a research project that tested four mobile wallet models including NFC and QR codes... More
The Federal Reserve Bank of Boston says awareness of mobile payments “continues to grow” but “more education for consumers and employees” is needed to achieve mass adoption of mobile and digital wallets... More
The Mobile Payments Industry Workgroup (MPIW) of the Federal Reserve Bank of Boston has published a white paper providing an overview of the current US payment tokenization landscape for mobile and digital commerce... More
The US Federal Reserve’s Mobile Payments Industry Workgroup (MPIW) has given cautious backing to the potential of tokenization in mobile payments and formed a subgroup dedicated to exploring the impact of the technology in more depth... More
The Federal Reserve Bank of Boston has published Update on the US Regulatory Landscape for Mobile Payments, a summary of the latest meeting of the Mobile Payments Industry Workgroup (MPIW)... More
The Federal Reserve Bank of Boston has published a summary of a June meeting of its Mobile Payments Industry Workgroup (MPIW) that sets out a number of reasons why NFC has not yet taken off in the US... More
“The mobile phone will be a much more secure payment device than the plastic cards we use today.” That is the view of the assistant director of the Retail Payments Risk Forum, in a blog post published this week by the Federal Reserve Bank of Atlanta... More