News about Closed loop.
June 7th, 2016
PARTNER NEWS: Mobile financial solutions firm Mahindra Comviva and mobile network operator Airtel Tanzania have jointly won the Global Telecom Business (GTB) Innovation Award for Airtel Money Tap Tap NFC Payments in the customer service category. “Airtel Money Tap Tap NFC Payments is the first-of-its-kind closed-loop NFC payments service that brings a paradigm shift in mobile money-based merchant payments, which so far were only performed using USSD and SMS,” Mahindra Comviva says. The service is powered by the company’s Mobiquity Money platform.
February 25th, 2016
Indian closed-loop mobile wallet provider FreeCharge has partnered with mobile point of sale provider Ezetap to let its users make in-store mobile payments at “thousands of Ezetap service points consisting of small and mid-sized retailers across India”. The announcement follows FreeCharge’s acceptance across the ePaisa network earlier this month and its roll out to 216 McDonald’s restaurants across India.
February 24th, 2016
Users of Chase Pay will soon be able to buy food and drinks at more than 7,500 Starbucks cafés in the US through the coffee chain’s own mobile app or with the Chase Pay app. “[The] Chase Pay mobile app will be accepted at 7,500 Starbucks locations by the end of this year,” JPMorgan Chase’s Gordon Smith revealed at the bank’s 2016 Investor Day. The solution will also be “embedded in the Starbucks mobile app”. Chase Pay, unveiled in October 2015, is a closed-loop barcode based mobile payment system available to holders of 94m credit, debit and prepaid card accounts.
October 27th, 2015
JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium.
February 6th, 2014
Weve, the mobile commerce joint venture between the UK’s three largest mobile network operators, has partnered with MasterCard to add NFC payments to its offering. “We are in dialogue with all the major banks” and…
July 17th, 2013
Dublin-based Graham O’Sullivan Restaurants has contracted retail software specialist Escher Group to deliver an NFC- and QR-based payments and rewards service that uses NFC’s peer-to-peer (P2P) capabilities. The solution works with any Android NFC phone…
January 7th, 2013
New Delhi-based mobile wallet provider xpWallet has introduced an NFC ticketing solution for bus and train operators that lets commuters purchase tickets from conductors equipped with NFC phones. Travellers can either tell the conductor their destination and tap a contactless travel card or NFC phone to the conductor’s device to buy a ticket, or they can tap the conductor’s phone on both entry and exit so that the closed loop system can calculate and charge the right fare.
November 26th, 2012
The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale.
November 13th, 2012
Inside Secure‘s Mobile MasterCard PayPass M/Chip 4 payment applet has received MasterCard‘s Cast and Functional certification when credentials are stored on the chip specialist’s SecuRead embedded NFC module or VaultSecure secure element. Functional certification confirms…
October 29th, 2012
“With the availability of the VaultSecure IC, smartphone manufacturers, mobile network operators and other trusted third parties can co-own the SE and install, personalize and administer their own open- or closed-loop payment, access control, transit, loyalty or other secure applets,” says Inside’s Pierre Garnier.
June 12th, 2012
Video coverage of the launch of Apple’s first mobile wallet app shows how it will enable developers to build mobile barcode-based ticketing, stored value, loyalty card and coupon apps for today’s iPhones — and hints at how these apps could migrate to NFC in the future.
November 29th, 2011
Vivotech‘s EMV and NFC payments software is now being used in Cubic Transportation Systems‘ new Tri-Reader 3 contactless readers, after the two companies signed a licensing and development agreement in 2009. The Tri-Reader 3 was…
September 7th, 2011
Following the successful trial of Mastercard’s PayPass prepaid wristbands at the UK’s Isle of Wight Festival last June, cashless music events are set to take off in 2012 — with NFC in wide use by 2013.