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    Amazon gets approval for digital wallet in India

    April 24th, 2017

    Amazon India has been granted a payment license by the Reserve Bank of India (RBI) to operate its own prepaid wallet in the country. “This will allow us to help customers adopt digital payments at scale and thereby contribute towards making India a less cash economy,” the company’s Sriram Jagannathan told The Indian Express. The move follows the launch of Amazon Pay Balance in India in December 2016.

    Chinese third-party payment providers face client cash regulation

    January 24th, 2017

    The People’s Bank of China (PBOC) is to ban third-party payment providers, such as Alibaba-owned Alipay, from using their clients’ money, China Daily reports. “Starting from April 17, a total of 267 third-party organisations with central bank licenses in China will have to submit around 20% of provisions to a single account opened in a commercial bank with the central bank’s approval,” the publication reports. The 20% limit will rise to 100% once the companies have adjusted to the changes.

    Facebook gets Spanish e-money licence

    January 17th, 2017

    Facebook has obtained a licence to manage money transfers between users in Spain, according to El Pais. “After informing the Bank of Spain, Facebook is now on the financial institution’s registry of electronic money agencies,” the publication reports. “Facebook has yet to explain how it plans to roll out the service.” Facebook was granted an e-money licence to launch Messenger payments in Europe in December 2016.

    Facebook given licence to launch Messenger payments in Europe

    December 9th, 2016

    Facebook has secured an e-money licence from the Central Bank of Ireland that will allow the company to launch charitable donations and P2P payments through its Messenger service across Europe. “Facebook Payments International Ltd (FBPIL)… More

    TfL to license contactless ticketing system across the globe

    July 13th, 2016

    Transport for London (TfL) is to begin licensing its contactless ticketing system to other major cities across the globe as part of a deal worth up to £15m with Cubic Corporation’s business unit Cubic Transportation Systems (CTS). More

    Kerv and PSI-Pay to prep for NFC payments ring launch

    June 16th, 2016

    The UK startup behind the Kerv NFC payments ring has teamed up with payment solutions provider PSI-Pay to enable a greater range of payment options on the device. “The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the Kerv contactless payment ring to pay in 38m locations worldwide,” Kerv says. “Users will be able to fund their account via debit or credit card, bank transfer or PayPal.” Kerv launched a fundraising campaign on Kickstarter in October 2015.

    BankAxept to use Interac for NFC mobile solutions in Norway

    June 10th, 2016

    Canadian debit network Interac has partnered with Norwegian domestic debit network BankAxept to help accelerate the rollout of NFC mobile debit solutions in Norway. “The licensing agreements will help enable BankAxept to deliver a secure and cost-effective contactless POS solution in Norway as well as provide documentation and software that will position BankAxept to offer a broad range of mobile payment solutions,” Interac says. “BankAxept is the first client to license Interac payment solutions internationally.”

    Gimbal aims to turn any Bluetooth Low Energy device into a beacon

    June 16th, 2015

    Mobile location and proximity services provider Gimbal has begun licensing its Bluetooth Low Energy (BLE) beacon firmware to enable almost any device with BLE to act as a beacon — including ATMs, jukeboxes, access points,… More

    Microsoft seeks US payments licenses

    April 10th, 2015

    Microsoft could be poised to enter the payments business after it emerged the software giant has applied for licenses to operate as a money transmitter in all 50 US states. Idaho has become the first state to grant a license to Microsoft Payments Inc. The company revealed last month it will include support for HCE mobile payments in the mobile version of its forthcoming Windows 10 operating system.

    Iowa to launch mobile driving license

    December 17th, 2014

    The Iowa Department of Transportation (DOT) in the US is developing a smartphone-based driver’s license using an app that would co-exist with traditional plastic cards, WSJ reports. How the service will work and when it will be launched remain unclear however, due to concerns surrounding privacy and security. Iowa DOT is now focusing on working out how police and transportation officers will be able to interact with the mobile licenses and on ways to prevent fakes.

    Visa licenses transactional ad platform

    September 1st, 2014

    Visa has acquired a strategic licence for the technology platform developed by transactional advertising pioneer TrialPay. The company’s technology involves “placing relevant offers around transactions, and using transactional data to show relevant offers”. The move follows an investment by Visa in the company three years ago.

    Morgan Stanley predicts Apple will include NFC in iPhone 6 — and NXP will supply the controller chips

    May 21st, 2014

    “We see growing evidence Apple will adopt NFC as a core part of its mobile payments strategy,” a new report from investment firm Morgan Stanley says — and evidence suggests that NXP has already won… More

    Intel and Inside Secure agree US$19.2m NFC technology deal

    April 1st, 2014

    Intel is to acquire Inside Secure‘s next generation NFC modem technology in a US$19.2m deal that will also see the existing NFC licensing agreement between the two companies being converted into “a broad and fully… More

    French firm sues HTC and LG for NFC patent infringement

    December 10th, 2013

    Intellectual property commercialisation firm France Brevets has filed patent infringement lawsuits against phone makers HTC and LG in the US and Germany, for using two NFC patents that were granted to Inside Secure in 2004… More

    French drivers to get multi-functional NFC licenses

    October 23rd, 2013

    French drivers are now being issued with new multi-application driving licenses based on contactless smart cards that contain both a public and a private data area. The private area can only be accessed and verified… More

    Poste Italiane expands NFC payments to Rome and Turin

    June 24th, 2013

    Poste Italiane’s NFC payments service has been rolled out to the cities of Rome and Turin, following its launch in Milan last December. The service is now set to expand across the rest of Italy… More

    Samsung and Visa announce NFC payments plan that cuts out the carriers

    February 25th, 2013

    The handset maker and payments network have announced a plan to pre-load Visa’s payWave applet on embedded secure elements in “selected” next generation Samsung devices — potentially enabling banks to offer NFC payments without any involvement from the mobile network operators. More

    Visa bids to speed up payments innovation with Visa Ready Partner Program

    February 22nd, 2013

    “The pace of innovation in the payments industry requires a new approach that ensures innovative payment methods can be tested, approved and commercialized quickly,” says Visa’s Jim McCarthy.  More

    Infineon gains support for DCLB

    November 12th, 2012

    Ten device manufacturers are now using Infineon‘s Digital Contactless Bridge (DCLB) interface to enable a fast and secure connection between an embedded secure element and an NFC modem, the chip maker reports. Licensees include Texas Instruments, Inside Secure, MicroPross, MtekVision, Crocus Technology and Keolabs.

    AdvanIDe adds reader boards

    November 7th, 2012

    Assa Abloy owned smart card and RFID chip maker AdvanIDe has launched a range of contactless reader modules aimed at the NFC market. The product line includes a plug-and-play option, an OEM board, chipsets and a firmware licensing program for clients developing high volume solutions.

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