The Canadian banking and credit union industry’s Mobile Payments Reference Model provides a detailed blueprint for how NFC mobile payments can be offered in Canada, how open mobile wallets will be and how consumer privacy will be assured. More
The European Commission (EC) has started a public consultation to find out what framework is needed to unleash the potential benefits of the coming ‘internet of things’... More
Twelve merchants in the Bay Area are taking part in a pilot trial of an NFC digital receipt system that works with a US$50 device and has no transaction charges. More
23% of US consumers are now “very willing” to use their mobile phone as a wallet, a KPMG survey has found, but many consumers are still expressing privacy and security concerns. More
A new survey from KPMG has found that 41% of shoppers now use their phone to research products and services in-store and consumers are increasingly willing to share data with advertisers if it saves them money — but concerns over mobile payments security and privacy issues remain. More
“The risks to personal privacy must be addressed,” say the authors of a new London School of Economics report examining NFC privacy and regulation issues. “This is not only to protect against surveillance, but it is essential to ensure that there is confidence in the marketplaces that may yet emerge with widespread use of NFC.” More
A global survey of executives conducted by KPMG has found that the vast majority believe mobile payments will hit the mainstream within four years and nearly half say they think mass-market acceptance is only two years away. More
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