News about Consortium.
November 24th, 2016
Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports. More than 90% of its original 42 bank members have expressed an interest in investing, but Goldman Sachs and Banco Santander, both original participants, are not renewing their memberships, it adds. Morgan Stanley and National Australia Bank meanwhile are also not participating.
March 31st, 2016
The Centre for Process Innovation (CPI) has formed a specialist consortium to create a UK manufacturing supply chain that will support the widespread adoption of NFC packaging.
December 10th, 2015
Customers at US supermarket chain Walmart will soon be able to pay for purchases by scanning a QR code at the point of sale using Walmart Pay, the retailer’s own mobile payment service. Walmart Pay will be integrated into the Walmart app and introduced in select stores this month, with a nationwide launch expected in the first half of next year.
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.
October 19th, 2015
US retailer-led consortium MCX is to add ACH payments capabilities to its CurrentC mobile wallet, using technology developed by Buy It Mobility Networks (BIM). “Using BIM’s technology, consumers will be able to connect their checking accounts to the CurrentC mobile wallet app and make payments at the cash register, table or pump at more than 70 brands nationwide,” MCX says. The consortium expanded its CurrentC beta to 150 stores last week.
October 19th, 2015
Indian payment services provider Citrus Pay has raised approximately US$25m from a consortium of new and existing investors. “The latest round, which closed almost a month ago, values the company around $90m to $100m,” India’s Economic Times reports. Citrus Pay announced a partnership with gift card solutions provider Qwikcilver to enable in-store mobile payments using gift cards and vouchers last month.
May 26th, 2015
NTT Docomo has become the world’s first mobile network operator (MNO) to deploy Fido authentication throughout its network, allowing it to replace passwords for millions of customers across its services with a range of enhanced…
April 28th, 2015
Retailer owned mobile payments consortium MCX has confirmed to NFC World that it will launch its CurrentC mobile wallet in an unspecified mid-sized US market soon, following the announcement that founder member Best Buy will begin…
November 6th, 2014
MCX CEO Dekkers Davidson has outlined more of the consortium’s plans for its CurrentC mobile wallet in a keynote presentation at the Money2020 event in Las Vegas, confirming that banks will be able to add…
October 31st, 2014
MCX is now open to supporting both NFC and Bluetooth Low Energy for payments and is in conversation with credit card issuers about opening up its CurrentC mobile wallet to payment cards, CEO Dekkers Davidson…
October 29th, 2014
“Within the last 36 hours, we learned that unauthorized third parties obtained the email addresses of some of our CurrentC pilot program participants and individuals who had expressed interest in the app,” retailer-owned mobile payments…
October 29th, 2014
“Much of the conversation the past couple of days has been misinformed about the product MCX is developing, so we’d like to set the record straight,” the retailer-owned consortium says in a detailed blog post outlining its position and plans for its CurrentC mobile wallet that has been published in response to criticism of the decision taken by member merchants CVS and Rite Aid to pull support for NFC payments. “We’re very proud of our team and our product and we’re genuinely excited to deliver it to consumers; until then, we’ll stay hard at work.”
September 16th, 2014
Owners of Apple’s new NFC-enabled smartwatch and iPhones will not be able to make Apple Pay mobile payments in either Walmart or Best Buy, the Wall Street Journal reports. The US retail giants are both members of merchant-led mobile wallet venture MCX which will launch its rival CurrentC wallet next year.
July 11th, 2014
Atmel, Broadcom, Dell, Intel, Samsung and Wind River have formed the Open Interconnect Consortium (OIC), a new industry grouping that aims to improve the interoperability and define the connectivity requirements for the Internet of Things (IoT). Rival IoT standards group the AllSeen Alliance, set up in December 2013 and backed by 51 companies, signed up Microsoft as its latest member earlier this week
October 30th, 2013
The UK Government’s Technology Strategy Board is providing a £1.1m grant to a consortium led by Tedipay that is developing MultiPass, a smart ticketing service designed to offer a single, nationwide travel pass that will always charge travellers the lowest possible fare. Multipass will be available on NFC phones and also allow passengers to make payments for snacks and drinks, car parking and other travel-related products and services.
November 12th, 2012
A public authority consortium led by Docapost BPO, a division of France’s postal service La Poste, is to equip caregivers with NFC phones for use when making home care visits. The Confiance e-health project aims to…
August 7th, 2012
Mobile network operator StarHub, part of the consortium which won a government contract to provide a national NFC TSM service for Singapore last year, has unveiled its NFC SmartWallet and says the service will begin “later this month”.
July 16th, 2012
Gemalto‘s trusted service management (TSM) data center in Singapore has been certified by both Visa and MasterCard and is now fully operational, the company reports. The data centre already has two customers: Japanese mobile network…
May 16th, 2012
Japanese mobile operator KDDI will offer the world’s first phone with both NFC and Felica support from this summer. The Sharp Aquos Phone Serie will support Japan’s widely-used Felica contactless payment system as well as the…
December 22nd, 2011
NTT Docomo, KDDI and Softbank Mobile have set up the Japan Mobile NFC Consortium with the aim of working together to coordinate the switch from Japan’s existing Osaifu-Keitai non-NFC standard mobile payments system to NFC.