News about Adoption.
October 7th, 2016
Only one in ten iPhone owners have used Apple Pay and, among those who haven’t done so, 63% said it’s because their preferred merchants don’t support it as a payment option, research from Parks Associates reveals. “Only 19% of US smartphone owners and 15% of smartwatch owners have used a mobile payment app,” the firm adds.
March 2nd, 2016
NFC World’s educational webinar on NFC and how it can be used to lift IoT adoption by bringing plug-and-play simplicity to smart homes and the internet of things will be held today at 15:00 GMT. NFC and the IoT will be presented by NXP’s Pierre Goarin and there’ll be plenty of time for questions from the audience afterwards. Sign up to join the webinar here.
February 23rd, 2016
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. Fingerprint, facial and iris recognition will dominate as the most-used biometrics, a blog post by the reserve bank’s Retail Payments Risk Forum also predicts, although the technology is expected to “face critical adoption challenges”. EMV will pick up pace in the year ahead, the forum adds, while ACH same-day service will “not be a huge hit”.
October 26th, 2015
Taiwan Mobile Payments Co (TWMP), the mobile payments TSM venture established in 2014 by three Taiwanese banking groups, has signed a deal with Mozido to provide its 27 member banks and financial institutions with a…
June 15th, 2015
PARTNER NEWS: The prevalence of EMV in the UK, lower interchange fees and the existing contactless infrastructure will lead to faster adoption of Apple Pay in the UK than in the US, Gemalto’s Rémi de Fouchier forecasts. “We’re predicting that the number of users in the UK after six months will be comparable to the number of users the US had after a year. The UK should also have a better percentage of usage.”
February 9th, 2015
The spending limit for contactless transactions is to be increased from £20 (US$30) to £30 (US$46) in September 2015, The UK Cards Association has told NFC World. The move follows the news last week that contactless card usage surged in the UK in 2014 to 319.2m transactions with total spend more than trebling to a record £2.32bn.
October 17th, 2014
American Express has warned that mobile wallets are likely to see slow adoption, even for Apple and its customer base. “Mobile wallets have had the potential to change consumer behaviour for some years but it’s unlikely to be an overnight shot,” CFO Jeff Campbell said during the company’s third quarter earnings call. “It will take time even with Apple’s innovative technology and customer base.”
May 7th, 2014
Starting today, NFC World has a new name and a new mission — to report on the full array of emerging technologies that are transforming how consumers choose what to buy, who to buy from,…
December 9th, 2013
Just over a third of British adults (35%) are aware of NFC-enabled mobile devices, with 9% saying they know that their personal device is NFC-enabled and 22% of those having used NFC to make a…