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    News about Contactless.

    Nordea Bank: PSD2 will require banks to adopt a ‘totally new way of viewing their customer base’

    March 27th, 2017

    Significant confusion and a high level of fragmentation can be expected over the next five years as European financial institutions become accustomed to new regulations under the Payment Services Directive (PSD2) which will open the door to new competition within the European payment services market, says Nordea Bank’s vice president of strategic business development, transaction banking and business innovation. More

    Ted Baker and Mondaine to add NFC payments to watches

    March 27th, 2017

    Fashion brand Ted Baker and Swiss luxury watchmaker Mondaine are to integrate NFC payments into a range of watches to enable customers to make payments using technology supplied by Tappy Technologies, which has also partnered with Barclaycard to offer bPay contactless payment technology in the UK. Tappy is also integrating NFC payments into watches supplied by Technos and Saga as well as smartphone brand Meizu’s Newatch. Mondaine began adding NFC payments to watches in February 2016.

    White paper explores how dedicated Android NFC devices can be used to improve the delivery of financial services in emerging markets

    March 23rd, 2017

    Secure, affordable and dedicated Android NFC devices issued to local agents, farmers and financial institutions in emerging markets are improving the delivery of a wide range of services including branchless banking, know your customer procedures and food aid distribution, according to a 19-page white paper that is now available to download from the NFC World Knowledge Centre. More

    Contactless overtakes traditional card payments in Hungary

    March 17th, 2017

    Contactless payments accounted for more than half of all transactions made with payment cards in Hungary in 2016, the country’s central bank says. “Whereas in 2015 contactless payments accounted for 30% of payments, in 2016 more than half (51%) of payments were conducted with the new technology,” says Magyar Nemzeti Bank. Nearly 63% of payment cards and more than three quarters of POS terminals now allow contactless payments in Hungary.

    FNB reports ‘sharp rise’ for contactless in South Africa

    March 16th, 2017

    South Africa’s First National Bank (FNB) has seen a 270% increase in the number of contactless payments made with its credit cards over the last six months. “While the number of contactless transactions by customers averaged 1.5 taps per month in May 2015, they climbed to an average of 2.5 per customer by January 2017,” FNB says. “The number of customers using the technology has risen sharply by 227% in the last six months.”

    ING offers Mastercard HCE payments in Poland

    March 16th, 2017

    Mastercard cardholders at Polish bank ING Bank Śląski can now make host card emulation (HCE) based mobile payments using a ‘Mastercard on the Phone’ feature inside the My ING app. “Customers may at any time activate the service and conveniently pay for purchases,” says the bank’s Barbara Borgieł-Cury. Nine banks in Poland, including ING, launched HCE payments services with support from Visa in 2015.

    Australian banks brand non-NFC alternatives to Apple Pay ‘unrealistic’

    March 15th, 2017

    Relying on Android or alternatives to NFC for successful mobile payment services in a country with one of the world’s largest iPhone market shares and high contactless card use is “unrealistic”, the group of Australian… More

    Industry bodies to standardise management of NFC services

    March 14th, 2017

    Industry bodies ETSI, GlobalPlatform and the NFC Forum are working together to standardise the implementation and management of NFC services “across all technologies and platforms”. The aim is for such services to “successfully coexist within a device and operate as intended”, the organisations say. “For consumers, this clarity brings guarantees that services will work as advertised, regardless of the hosting contactless environment.”

    Tag Heuer unveils connected watch range with Android Pay

    March 14th, 2017

    Luxury watchmaker Tag Heuer has unveiled the second generation of its connected watch range, powered by Google’s Android Wear 2.0 operating system and offering host card emulation (HCE) payments through Android Pay. The Connected Modular… More

    Boston Fed calls for more education to boost mobile payments

    March 14th, 2017

    The Federal Reserve Bank of Boston says awareness of mobile payments “continues to grow” but “more education for consumers and employees” is needed to achieve mass adoption of mobile and digital wallets. The bank’s call comes after it completed a research project, which saw members of its payment strategies group testing a range of services on iPhones and Android devices for in-store and remote purchases.

    ST discovery kit speeds time to market for contactless applications

    March 13th, 2017

    PARTNER NEWS: STMicroelectronics has combined its ST25R3911B NFC reader IC and its STM32L476RE microcontroller into a discovery kit designed to accelerate time to market for a wide range of contactless applications, including ticketing, asset tracking, device authentication, sensor data collection and access control. The ST25R3911B-DISCO discovery kit delivers “superior communication range, speed and energy efficiency with simplified design and reduced bill of materials”, ST says.

    Nintendo Switch includes STMicroelectronics NFC technology

    March 13th, 2017

    PARTNER NEWS: Nintendo has integrated a range of advanced semiconductor solutions from STMicroelectronics into the main console and controllers of its latest Nintendo Switch gaming device. The solutions include motion sensors, STM32 microcontrollers, a touch-screen… More

    Wearable payments platform to be tested on three continents

    March 9th, 2017

    A digital cash service allowing consumers — including those without bank accounts — to load money onto a range of wearable items and make contactless payments in retail outlets will roll out across “eight or… More

    Belgium becomes tenth country to go live with Android Pay

    March 7th, 2017

    Android Pay has launched in Belgium with support for Mastercard and Visa credit cards from BNP Paribas Fortis, Hello Bank! and Fintro, with debit cards issued by the three banks plus CBC/KBC expected to be… More

    Apple Pay goes live in Ireland with support from Mastercard, Visa and two banks

    March 7th, 2017

    Apple Pay has been launched across Ireland with support from Mastercard, Visa, KBC and Ulster Bank, allowing customers to make in-store, online and in-app payments using their compatible devices. The mobile payment service will also… More

    Contactless payments tripled in the UK last year

    March 3rd, 2017

    British consumers made contactless transactions to the value of £25bn (US$30.6bn) last year, up from £7.75bn (US$9.48bn) in 2015, The UK Cards Association reports. One in four card payments in the UK was made using… More

    Wristbands for contactless payments given away at MWC

    March 2nd, 2017

    Giesecke & Devrient (G&D) and Spain’s CaixaBank have distributed prepaid wristbands to visitors to Mobile World Congress in Barcelona which let them make contactless payments. “The device can also be used as a building access control system or as a public transport card thanks to the NFC contactless technology and various mobile applications,” G&D says. CaixaBank’s Matteo Fermi has written for NFC World’s What’s New in Payments report on how mobile payments can add value to traditional banking services.

    UK sees 250% rise in NFC mobile payments in stores

    February 28th, 2017

    The number of mobile transactions as a percentage of all in-store transactions has grown by 247% in the UK over the last year, analysis of transaction data and a consumer survey conducted by payments processor Worldpay has found. Workers paying for lunch on the go and payments for drinks in bars are the main drivers of the increase in transaction volume. More

    Huawei includes NFC payments in new smartwatch

    February 27th, 2017

    Huawei has unveiled a new smartwatch at Mobile World Congress that supports NFC payments. The Huawei Watch 2 comes in sports and classic watch styles, features standalone 4G connectivity, runs Android Wear 2.0 and includes support for Google Assistant.

    NXP reveals secure element and NFC solution that speeds transaction times, increases security and supports smaller form factors

    February 27th, 2017

    PARTNER NEWS: A new embedded secure element and NFC solution from NXP will make it possible for mobile transactions to be conducted at the same speed as contactless card transactions. It also enables biometric security,… More

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