News about Open loop.
June 15th, 2016
Commuters across Bengaluru in India will soon be able to pay for travel on buses operated by Bengaluru Metropolitan Transport Corporation (BMTC) with a tap of an open loop contactless card provided by Axis Bank….
June 23rd, 2015
The Ukrainian capital of Kiev has become the fifth city in the world, after London, St Petersburg, Chicago and Bucharest, to allow fares to be paid with open loop contactless cards. Transport operator Kyivsky Metropoliten has installed contactless turnstiles equipped with MasterCard PayPass technology in 17 stations across the subway in partnership with Oshchadbank.
June 10th, 2015
Financial products and services provider The Bancorp will offer open loop mobile prepaid cards that make use of host card emulation (HCE) to its European issuers in the fourth quarter of this year, through a…
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…
August 1st, 2014
Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry.
July 25th, 2014
Users of mobile network operator EE’s Cash on Tap NFC payments service will be able to use their mobile phone to pay for travel on the London Underground, Docklands Light Railway and London Overground services…
October 8th, 2013
French banking group Société Générale is to introduce an NFC payments service in the city of Strasbourg this autumn. Customers wishing to use the service will be able to apply to the bank, either online…
February 13th, 2013
Active users are now paying with Isis five or more times a week, says Jim Stapleton, the NFC payments platform’s chief sales officer. “Consumers actually only need to know about the passcode, and you kind of have a mental ‘Oh!’ right there as they realize their leather wallet does not have a passcode,” he explained.
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.
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.
October 17th, 2012
Canadian mobile network operator-owned NFC provider Enstream has sold its Zoompass mobile payments service to Paymobile, a financial technology company that provides program management services for a range of open loop prepaid and virtual card…
June 25th, 2012
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.
May 28th, 2012
The trial is set to lead to “a wider nationwide transport roll out” to buses and trains in 2013, says the leading UK-based public transport operator which carries 2.5m Brits every day.
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…
October 21st, 2011
Transport ticketing specialist Cubic has received EMV approval for its Tri-Reader 3, which can process all industry standard contactless smart cards as well as payments made with NFC mobile phones. The Tri-Reader 3 is now being used in a 12-month pilot of open loop payments on mass transit in Philadelphia and on London Buses.
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.