Consumers will be able to make peer-to-peer (P2P) mobile payments across Europe using only the payee’s mobile phone number which will act as proxy for their international bank account number (IBAN) by the end of 2017, the European Central Bank (ECB) has revealed... More
Archive for January 2017
Vehicle recognition used in ad campaign
Vehicle recognition is being used to deliver advertisements for luxury holidays in Bermuda to London drivers with high-value cars... More
Guide explains key concepts of tokenization
A 12-page guide that presents an overview of tokenization, how it secures mobile payments and where it fits into the payment processing chain is now available to download from the NFC World Knowledge Centre... More
PCI expands protections for mobile payments
The PCI Security Standards Council has updated its card production and provisioning standard to expand protections for mobile payments... More
Visa promotes contactless payments with gold prize draw
Visa cardholders are being automatically entered into a lucky draw for the chance to win one million Thai Baht (US$28,100) worth of gold whenever they use their contactless card or Samsung Pay at more than 20 retail chains across Thailand... More
Mattel includes NFC in AI for kids
Toy maker Mattel has unveiled an NFC-enabled, voice-activated artificial intelligence assistant for children... More
Global mobile payment market to hit US$780bn in 2017
The global mobile payment market will reach US$780bn by the end of 2017, amounting to an annual increase of 25.8%, research firm TrendForce predicts... More
Germany to get nationwide mobile ticketing system
The German transport minister has unveiled plans to launch a single ticketing system across “almost all” cities in Germany that will enable commuters to pay with a chip card or mobile phone by 2019... More
Biometric smartphones double in a year
The number of smartphone models incorporating biometric technology has more than doubled in the last year, a report by Acuity Market Intelligence says... More
Samsung Pay available in Thailand
Samsung Pay is now available in Thailand through an early access programme, the company has confirmed to NFC World... More
Biometric payments pilot to test palm vein replacement for cards
South Korea’s Financial Services Commission (FSC) is planning to launch a pilot in the first half of 2017 that will allow consumers to make payments at the point of sale using palm vein authentication technology, without the need of a physical payment card... More
Korean central bank to put small change on cards
The Bank of Korea (BOK) is to pilot a service that allows merchants to give customers change in the form of a top-up onto a prepaid card instead of coins... More
Samsung Pay doubles users every week since Samsung Rewards launch
The number of daily Samsung Pay users has doubled every week since the launch of Samsung Rewards in the US in November 2016, the company’s Nana Murugesan revealed during a panel session at CES 2017... More
Huawei installs Amazon Alexa on flagship smartphone for US market
Chinese mobile phone giant Huawei is to pre-load Amazon’s Alexa voice assistant on its flagship Mate 9 smartphone, which has now launched in the US, as Amazon bids for a leading role in the emerging voice-activated services market... More
Barclays to issue cards with dynamic CVV?
UK bank Barclays is planning to issue bank cards that replace the three-digit security number on the back of the card with a dynamic CVV code that changes periodically to tackle online purchasing fraud, according to The Telegraph... More
Dejamobile joins the NFC World partner program
NFC World today welcomes mobile payments solution provider Dejamobile as a member of our partner program... More
Honda unveils in-vehicle payment service for fuel and parking at CES 2017
Honda is conducting the first proof-of-concept demonstration of its in-vehicle payments platform at the Consumer Electronics Show 2017 in Las Vegas... More
Deutsche Telekom shuts down NFC SIM-based mobile payments service in Germany
Deutsche Telekom has discontinued its NFC-based MyWallet mobile payment service in Germany, citing a lack of customer use and doubts over whether a SIM-based solution is going to be adopted as a standard in light of “internationally competing companies” investing heavily in competing approaches... More
Android Pay heading to Russia in 2017
Google is planning to bring Android Pay to Russia this year, according to Russian newspaper Izvestia... More
Apple Pay users to get rewards at 300,000 self-serve machines
US consumers making purchases at 300,000 self-serve machines across the country will soon receive exclusive offers, promotions and discounts toward future purchases when using Apple Pay to complete a payment... More