News about Trust.
March 13th, 2017
PARTNER NEWS: A 13-page e-book which examines how to build consumer confidence in mobile payments is now available to download from the NFC World Knowledge Centre. ‘Enabling an economy of digital trust with mobile payments’ has been produced by Rambus and aims to educate mobile payment providers on how to protect consumers before, during and after transactions take place.
March 2nd, 2017
PARTNER NEWS: Following this week’s rebranding of Bell ID and Ecebs, both acquired by Rambus in January 2016, the general manager of the company’s Rambus Security division to which the two companies now belong has set out his vision for the division going forward. “In essence,” Dr Martin Scott says, “Rambus Security not only enables the technologies that make your life easier, but secures them by delivering on the promise of chip-to-cloud-to-crowd trust.”
February 14th, 2017
PARTNER NEWS: NXP has unveiled a platform designed to enable developers of Internet of Things equipment to “easily build” secure and trusted systems. QorlQ “provides a complete set of hardware, software and process capabilities to embed security and trust into every aspect of a product’s life cycle,” the company says.
January 31st, 2017
Nearly one fifth of global consumers (18%) have made an in-store mobile payment in the past six months, representing an increase of 10% from the same period in 2014, research released by trade body Mobile Ecosystem Forum (MEF) reveals. Chinese consumers lead the way, with 38% of them having paid with their phone at the point of sale — nearly double the global average.
April 25th, 2016
More than four in ten mobile users in the UK (42%) feel that NFC mobile payments are not secure, research from Ofcom reveals. “Mobile users are more likely to say that this activity is not at all secure (24%) than say it is completely secure (10%) — around one in five are unsure,” the communications regulator says. The findings also show that 15% of the 1,841 respondents have used their phone to make a contactless payment.
April 19th, 2016
UK retailer The Co-Op has predicted that 65% of all transactions at its supermarkets and convenience stores will be made using mobile phones by 2025. The forecast follows research released by the company which shows that almost 11m contactless transactions now take place at its 2,800 locations every month.
April 11th, 2016
Nearly one third (31%) of UK consumer never pay by contactless because “they don’t trust it”, research from Future Thinking reveals. 35% of men never make contactless payments due to lack of trust, compared to 29% of women, while 22% of under 35s never pay by contactless, compared to 43% of over 55s. 14% don’t know if their cards are contactless and 27% think £30 should be the maximum amount for a contactless payment. Only 9% of the 2,315 respondents said they pay with contactless and hope the limit rises.
March 29th, 2016
More than one third of Americans (36%) don’t feel a need for mobile payment apps, compared to 12% of Mexicans and 13% of Chileans, according to mobile banking service Fintonic. 23% of Americans don’t trust the technology, compared to 4% of Mexicans and 6% of Chileans. “Latin American countries such as Chile and Mexico are much more willing to embrace technological advancements in banking like mobile wallets,” the company says.
February 25th, 2016
Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals. “Apple has improved from a figure of 18% back in summer 2014 to be trusted by fully 25% today,” the company’s Richard Snoxell writes in a blog post. PayPal has the highest trust rating with 40%, followed by banks (36%) and Visa (33%). Trust in Google stands at 17%.
June 30th, 2015
Mobile financial solutions firm Mahindra Comviva has signed a strategic agreement with Pole SCS, a south-east France technology cluster, to roll out new contactless and mobile services across Europe with a key focus on hybrid HCE and smart tokenization. “The framework will focus on products, solutions and services, as well as potential development of new initiatives based on innovative trust and security solutions,” Mahindra Comviva says.
June 22nd, 2015
Some 8% of global mobile users have made an in-store mobile wallet payment either using NFC or via an app in the last six months, research from trade body Mobile Ecosystem Forum (MEF) and Wirecard has revealed. “Another 7% paid using a merchant’s plug and pay or mpos device and 5% said they paid via a mobile loyalty card scheme,” the research finds. 36% cite lack of trust as the main reason for not using a mobile wallet, 18% don’t know what a mobile wallet is and 15% “don’t see the point.”
June 4th, 2015
Some 13% of iPhone 6 and 6 Plus owners in the US have used Apple Pay and 11% are planning to do so, a survey conducted by Kantar Worldpanel has revealed. Only 2% choose not…
December 17th, 2014
Three in four online buyers (76%) are dissatisfied with the strength of credit card and personal information security among retailers with some 72% of respondents saying they trust their own bank the most with credit card data and personally identifiable information, US research from Bizrate Insights reveals. 48% trust PayPal with their payment and personal information, 45% trust Amazon, 21% trust Apple, 12% trust American Express, 18% trust eBay, 12% trust Google and 12% trust none of the above.
July 21st, 2014
CU Wallet, a mobile payments platform developed for US credit unions and majority owned by its cooperative members, has been adopted by 65 credit unions with a combined total of more than seven million customers,…
July 10th, 2014
Two thirds of UK smartphone owners are open to the idea of using a mobile wallet, according to a survey conducted by Marketing Sciences — but most consumers want to use a mobile wallet to…
May 27th, 2014
Mobile authentication provider Authentify is to provide a way for banks, payments networks and other secure service providers to make use of the fingerprint scanner built into the Samsung Galaxy S5 to add an extra…
March 12th, 2013
A new report from the NFC World team has found that Disney’s new MagicBand bracelet system provides unmissable lessons for anyone planning, implementing or supplying mobile wallet solutions.
November 27th, 2012
55% of Dutch consumers would prefer to make mobile payments through an app rather than NFC, according to a poll of 15-65 year olds conducted by Telecompaper. Respondents said convenience and trust are paramount when choosing who handles their payments. Most prefer payments to be handled by their bank, with phone manufacturers and mobile networks trailing far behind. Only 1% would opt for a system where they would pay via different apps in different stores.
October 18th, 2012
NFC test equipment supplier Clear2Pay and graphical user interface testing specialist TestPlant have introduced a fully automated mobile payment app testing solution. The Mobile Payment App Test Solution comprises three elements in one tool: Simulation: “A handset-based…
June 30th, 2011
Banks and mobile network operators should work together on a mobile payments business model that plays to both their strengths, says Citi’s Dickson Chu.