Zuckerberg: Facebook is working on payments but it will take time to get it right

Facebook founder Mark Zuckerberg

Facebook is looking into the potential of adding payments capabilities across its business, CEO Mark Zuckerberg has explained during the company’s first earnings call following the hiring of PayPal boss David Marcus to head its messaging business — but the company won’t rush into the market and expects to take several years to fully develop its offering... More


Barclays reports Pingit stats

Barclays’ Pingit P2P payments service has been used to send £540million since the launch of the service in February 2012, the bank has revealed, and the app has been downloaded 3m times... More


PayPal volumes grow 29%

PayPal’s total payment volume (TPV) grew 29% with merchant services volume up 35% and on-eBay volume up 13% during the quarter to end June 2014, parent eBay has reported... More




Isis considers HCE as monthly growth hits 50%

Isis CEO Michael Abbott

US NFC venture Isis is considering using host card emulation (HCE) to store a user’s loyalty card and coupon information, the company has told NFC World, and is also looking into supporting HCE for credit card payments — should banks decide they want to use the technology... More




Rabobank sets NFC mobile wallet launch date

Rabobank

The NFC payments pilot in the Dutch city of Leiden has proved successful in terms of both consumer and merchant uptake, partners Rabobank, ING and ABN Amro report — and Rabobank is now set to commercially launch an NFC mobile wallet during the second quarter of 2014... More


Positive reaction sees Hungarian mobile wallet ready for market

Mobil Tarca

Eight out of ten testers of the Hungarian mobile wallet pilot project have found the service “very useful” prompting the Hungarian Mobile Wallet Association — an alliance between mobile network operators Magyar Telekom, Vodafone and Telenor with MasterCard, OTP Bank and SuperShop — to declare the MobilTarca wallet ready for market... More


Inside Secure doubles NFC sales

Inside Secure

Security chip specialist Inside Secure‘s mobile NFC division recorded sales of US$9.5m during Q2 2013, double its sales during the first quarter of the year, according to the company’s latest financial results... More


Isis releases pilot test results

Isis Mobile Wallet

Analysis by carrier-owned NFC mobile payments venture Isis of its pilot tests in the cities of Salt Lake City, Utah and Austin, Texas has found that more than 80% of transactions take place at everyday spend locations such as quick-service restaurants, coffee shops, gas stations, convenience stores and grocery shops... More


Coca-Cola reports on Isis loyalty project

Coca-Cola

“More than one-third of active Isis Mobile Wallets users in Austin have loaded a My Coke Rewards card into their wallet since our pilot began and 90 percent of these are new to the My Coke Rewards program,” Rick Kanemasu, from Coca-Cola North America‘s vending technology strategy team, has revealed as the Isis NFC mobile payments venture announces plans to go live across the US this year... More



Gemalto sees profit in TSM services

Gemalto CEO Olivier Piou

“Customers will only have one TSM. It’s like a billing system; if you’re in, it’s harder to get you out rather than if you fight to get in,” says Olivier Piou. “I think that we have a very good momentum.” More




Isis releases Utah mobile payments usage stats

Isis's Jim Stapleton

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. More


Nintendo to offer NFC game

Nintendo is working on a game that would involve figures or cards that contain NFC tags and make use of the Nintendo Wii U’s NFC capabilities, CEO Satoru Iwata has hinted during an earnings call... More



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