News about American Banker.
December 2nd, 2011
Google is discussing its Wallet offering with all of the large banks, senior engineer Rob von Behren has told American Banker, but technical issues are an obstacle to moving their cards onto phones. “Most banks are not set up to do real-time issuance of a card out to a phone, but many are in the process of updating their back-end systems,” he says.
November 1st, 2011
Canadian airline WestJet is to test contactless and NFC payments for in-flight purchases, American Banker reports. Technology from GuestLogix and MasterCard will boost transaction security in the air, where online authorisations are impractical. “Airlines have come to recognize there is a wide array of merchandise they can sell onboard, including items like wine and apparel they can have delivered to passengers’ homes when they land,” says GuestLogix.
June 13th, 2011
Bling Nation, the company behind the first commercial NFC payments system in the US, has suspended service while it seeks to revamp its business model, American Banker reports. Bling Nation’s technology was specifically designed to reduce…