The NFC Forum has officially announced its technology roadmap for the next five years, including the addition of support for multiple purpose tags, an increase in range for NFC transactions, a modernisation of device-to-device communication, expanded data sharing options and increased power for wireless charging. More
Commuters in Sydney, Australia, will soon be able to use a digital version of their Opal transit card to pay for taxi fares and rideshare services and earn credit towards the cost of public transportation services they then transfer to... More
Sixteen major European banks have announced plans to jointly create a new company that will be tasked with delivering “a seamless, competitive and unified payment solution” for in-store, online and P2P payments across Europe... More
Costa Rica has announced plans to implement a national, multimodal transit ticketing infrastructure that includes support for both QR mobile payments and EMV contactless cards and devices... More
Biometrics centrepiece of new Visa security roadmap — ZDNet — “The financial services giant has launched its 2020 and beyond roadmap first in Australia, focusing initially on biometrics for payment authorisation, ‘3-D Secure’ fraud detection, and pushing the use of tokenisation.”
Fitness wristband maker Fitbit has acquired the wearable payment assets of connected device maker Coin in a move that will enable the company to add NFC payment capability to its future devices. More
NFC World’s ‘Case study — Lessons learned from selecting and implementing a tokenization solution able to serve 200 banks’ webinar is now available to view online... More
PARTNER NEWS: More than 200 banks across northern Europe are now able to deploy token-based secure mobile payments services to their customers via a partnership between digital payments services provider Nets and Carta Worldwide... More
Connected device maker Coin has partnered with MasterCard to enable NFC payments on a range of fitness bands, smartwatches and other wearable devices. Fitness wearable designers Atlas Wearables and Moov and smartwatch provider Omate are the first to implement the NFC payments technology into their products. More
Samsung is to launch its Samsung Pay mobile payment service in Australia, Brazil and Singapore, the company’s Tim Baxter has announced during a keynote at the CES show in Las Vegas. The service will also be available on the Samsung Gear S2 classic smartwatch from early this year, starting in the US. More
The Bluetooth Special Interest Group (SIG) has announced planned updates to the Bluetooth specification, bringing longer range, higher speeds and mesh networking to the technology... More
Wearable payments startup PureWrist has begun taking pre-orders for a bracelet that comes equipped with a prepaid MasterCard account and lets its wearer make NFC payments at any contactless terminal with a tap of the wrist. The company showcased the product during its StartupPitch180 presentation at Money20/20. More
PARTNER NEWS: Transaction technology provider Carta Worldwide has introduced an appliance-based turnkey solution that aims to dramatically reduce the time it takes for large banks, processors and domestic networks to bring tokenized HCE mobile payment services to market... More
NFC World’s ‘How to develop a mobile payments roadmap’ webinar is now available to view online... More
Join NFC World and Gemalto at 3pm BST today to find out how issuers and processors can draw up a mobile payments strategy that combines a winning customer service today with a long-term roadmap for the future... More
Nokia has sold its mapping and location intelligence service Here to a consortium of automotive companies including Audi, BMW and Daimler... More
The Federal Reserve Bank of Boston has published a summary of a June meeting of its Mobile Payments Industry Workgroup (MPIW) that sets out a number of reasons why NFC has not yet taken off in the US... More
The payments giant has set out its plans for moving the US from magnetic stripe card technology to chip cards and NFC phones. The plans include incentives for merchants, integrated customer loyalty programmes and support for dynamic authentication technologies. More
“The US payments industry should undergo a coordinated migration to chip and PIN transactions which should support a broad range of payment types (contact, contactless, dual interface, debit, credit, stored value, private and ‘white’ label, etc.) and devices (cards, mobile devices, fobs, etc.),” says the Merchant Advisory Group, a retailer trade association whose members include Walgreens, Walmart, Target, Sears, McDonald’s, Best Buy and Home Depot... More
“The adoption of dual-interface chip technology will help prepare the US payment infrastructure for the arrival of NFC-based mobile payments by building the necessary infrastructure to accept and process chip transactions that support either a signature or PIN at the point of sale,” says the payments giant. More