PARTNER NEWS: The US$47bn acquisition of NFC pioneer NXP by mobile chip giant Qualcomm will create the “leader of secure connected devices into the next decade” and address the emerging trends of internet of things (IoT), mobile transactions, payment cards, transit, and secure identification... More
Archive for October 2016
NFC to lead sharp rise in global smart packaging market
The global smart packaging market is expected to reach US$26.7bn by 2024, according to a new report from market research firm Grand View Research... More
New MacBook Pro to support Touch ID?
Alleged leaked images of Apple’s new MacBook Pro show it will come with an OLED touch panel to support Touch ID, MacRumours reports... More
Federal Reserve calls for industry input on payments security
A task force set up by the Federal Reserve is calling on the payment and banking industry for comments on its efforts to enhance payment identity management, data protection and information sharing related to payments risk and fraud... More
Bell ID’s TSP to help Japan Apple Pay integration
PARTNER NEWS: Rambus Bell ID’s token service provider (TSP) service is being used by IBM Japan to support Japanese banks’ integration with Apple Pay, which went live in the country this week... More
G&D to deliver prepaid wristbands for concerts and events
PARTNER NEWS: Giesecke & Devrient (G&D) is working with prepaid solutions provider Rittenhouse Payment Solutions to deliver prepaid smart wristbands which can be used at major public events... More
Apple Pay transactions up 500% year on year, CEO reports
Apple Pay transactions have risen nearly 500% year on year, with more purchases made in September 2016 than during the whole fiscal year in 2015, Apple CEO Tim Cook has revealed during the company’s latest quarterly financial results call... More
EMVCo adds biometrics to 3-D Secure
An update to the EMV 3-D Secure specification means both biometrics and one-time passcodes can now be used to add security to card-not-present transactions... More
Samsung Pay boss reveals plans for ‘more aggressive expansion’
Samsung Pay is planning “more and more aggressive expansion”, global general manager Thomas Ko has told NFC World in an exclusive interview at Money2020 in Las Vegas, as it emerged a new Deals feature will go live next month and the mobile payments service will operate in Malaysia and Thailand by the end of the year... More
UK supermarket chain trials NFC digital receipts
British supermarket chain Tesco is trialling a digital receipt service which will instantly send via email an electronic record of purchases to customers using a unique NFC sticker linked to an app on their smartphones... More
Bank of America adds AI to mobile app
A digital assistant that makes use of artificial intelligence, predictive analytics and cognitive messaging is to be built into Bank of America’s mobile app from next year... More
US consumers ‘largely unfamiliar’ with contactless and mobile payments, research shows
PARTNER NEWS: Contactless payment systems remain largely unfamiliar to US consumers despite a high level of satisfaction with the technology... More
Mastercard to roll out biometric ID service in North America
Mastercard will launch its biometric identity verification system across North America in the first half of 2017, with Canadian bank BMO Financial Group the first to offer the service to its corporate customers... More
PayPal to be payment option in Messenger app
Online payments firm PayPal is to extend its relationship with Facebook and Messenger, becoming a payment option within the messaging app... More
App users positive on mobile payments
Consumers like the majority of mobile payment apps on the market and expectations of digital banking and payments are rising, according to a survey of user reviews of America’s flagship apps... More
Mastercard to launch artificial intelligence bots for banks and merchants
Mastercard has unveiled plans to launch artificial intelligence (AI) bots for its merchant and bank partners, allowing consumers to use chat, messaging and natural language interfaces to shop and manage their finances... More
Partnership deal for contactless payment wearables
Mastercard has announced a partnership with wearable payments platform provider Fit Pay to bring contactless payments to wearables and internet of things devices... More
Visa opens up its tokenization platform to third-party suppliers
Visa is allowing third-party partners to offer its Visa Token Service (VTS) platform, allowing device manufacturers, issuers, internet of things developers, wallet providers, merchants and others to offer its digital payment service on any device... More
Apple Pay goes live in Japan
Apple Pay is now live in Japan, enabling local iPhone and Apple Watch users to make payments in stores and on public transportation services that support the widely used Sony FeliCa-based Japanese NFC payments system... More
Alipay targets 2bn global users
Chinese mobile payments giant Alipay is targeting 2bn users globally in the next decade, the company’s Douglas Feagin has revealed at Money20/20 in Las Vegas... More