MCX member Target to support Apple Pay

US discount retail giant Target has become the latest member of retailer-led consortium MCX to reveal its intentions to support Apple Pay, following Best Buy’s announcement that it will roll out support for the NFC mobile payments service this year... More






Obama signs chip and pin law

US President Barack Obama has signed an executive order “directing the government to lead by example in securing transactions and sensitive data” by adding chip and PIN security to payment cards... More





FIS offers instant EMV cards

Banking and payments technology provider FIS has launched a cloud-based service that lets banks instantly issue EMV ‘chip and pin’ or magnetic stripe cards to customers in their branches... More


Apple upgrades its mPOS

Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports... More





One in three in the UK now aware of NFC

YouGov

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 payment, a YouGov survey of 1,501 people has found... More


Telefonica to trial NFC mPOS device

Ingenico's ISMB mobile POS terminal

Mobile network operator Telefonica is to test a mobile point-of-sale device in the Czech Republic that enables payments to be made by NFC phones and contactless cards as well as standard ‘chip and pin’ cards; a “world first” says the carrier. More


NXP predicts flat NFC sales despite loss of key customer

NXP CEO Rick Clemmer

NXP Semiconductors has reported a decline in sales for its ID business in Q2 2013, citing a fall in mobile transaction revenue following the loss of a key customer. Overall, sales for the chip maker’s mobile transaction business “will be roughly flat year-on-year”, said CEO Rick Clemmer in an earnings call. More


Feed for stories about Chip and pin.