Mobile point-of-sale provider Square lost US$100m in 2013 but is making a 34% gross margin on its processing business, according to leaked internal documents seen by Fortune... More
- CWC sessions you may have missed: Transdev, Smart Payment Association, European Central Bank
- Transdev reports on hands-free transport ticketing pilot
- Smart Payment Association reports on new instant payments model that leverages existing bank card, merchant terminal and banking infrastructure
- European Central Bank reports on digital euro for Contactless World Congress
- Linxens reports on the market outlook for biometric cards, display cards, dynamic CVVs, sustainable substrates and more
mPOS use to soar
The number of installed mobile point-of-sale devices is set to grow fivefold to reach 51m by 2019, or 46% of the overall POS market, ABI Research says... More
Google Play adds PayPal
Google Play users in 12 countries can now charge the cost of their purchases to their PayPal account... More
SMEs ready to embrace mPOS
The use of mobile point-of-sale solutions by small businesses in Europe will take off dramatically in 2014, according to a survey of 2,000 SMEs commissioned by Visa Europe... More
White paper sets out benefits of white label mobile payments
“Building a Foundation for Mobile Payment”, a white paper from Datacard, explains why banks and other card issuers must advance their mobile payments strategy quickly and demonstrates the benefits of taking a white-label approach to mobile payment platforms. More
Keep up to date: Get NFCW's headlines by email every Wednesday
TD Canada Trust launches NFC mobile payments with support from all three major carriers
TD Canada Trust, the retail banking arm of the Toronto-Dominion Bank, has become the first in Canada to offer an NFC mobile payment solution that is supported by the country’s three major wireless networks: Bell, Rogers and Telus. More
Dauntless sets out to track world’s food supply with NFC
A US startup is seeking funds for a service that tracks produce all the way from farm to supermarket shelf, ultimately letting consumers tap a tag on a bag of coffee to see the farm on which it was grown and trace its journey. More
Isis reports 20,000 new mobile wallet users a day
Isis saw its user adoption growth rate double last month and is now adding an average of 20,000 new users a day, Michael Abbott, CEO of the US carrier-led NFC venture, has revealed. More
Bank sends money to Facebook friends
Customers of Singapore’s OCBC Bank can now send up to S$100 a day to any of their Facebook friends from their phone, using a new Pay Anyone feature in the bank’s mobile app... More
Square uses digital receipts to create conversations between consumers and merchants
Mobile point-of-sale specialist Square has introduced a new service that “turns the receipt into a conversation channel”. More
Square exits mobile wallet business
US mobile payments provider Square is pulling out of the consumer mobile wallet business and its Square Wallet app is no longer available to new customers to download... More
Bertolli runs NFC marketing campaign in US stores
Bertolli Olive Oil is to use News America Marketing and Thinaire‘s SmartSource with NFC service to deliver recipes, videos and ingredients lists to shoppers while they are in the relevant aisle of a supermarket. More
Keep up to date: Get NFCW's headlines by email every Wednesday
Fidesmo unveils NFC ticketing service that stores multiple transit passes on one contactless card
Swedish startup Fidesmo has developed a service that lets NFC phone owners replace multiple, physical transport passes with a single contactless card. More
FIS offers instant EMV cards
Banking and payments technology provider FIS has launched a cloud-based service that lets banks instantly issue EMV ‘chip and pin’ or magnetic stripe cards to customers in their branches... More
UK shopping centre runs multi-retailer NFC marketing pilot
A shopping centre in Solihull, UK is piloting a service that lets shoppers access discounts and promotions from multiple retailers by tapping their phone against NFC-enabled posters displayed in the windows of participating stores. More
Brightwire: Apple signs mobile payments deal with China UnionPay
“Apple is likely to incorporate a near field communication (NFC) payment function in the next generation iPhone and has reached an agreement with China UnionPay on a mobile payment service,” investment newswire Brightwire reports, citing “a source close to the matter”. More
Apple upgrades its mPOS
Apple is to equip US store staff with a new version of its EasyPay mPOS solution that replaces the existing iPod devices with an iPhone 5S, encased in a Verifone shell, that offers support for both EMV “chip and pin” cards and contactless payments, Forbes reports... More
OTP Bank launches mobile payments in Hungary
Hungary’s OTP Bank has launched a mobile wallet that allows consumers to pay in stores by scanning a QR code placed next to the cash register. The new OTPay service can also be used to make online payments, by entering the shopper’s mobile phone number during checkout. More
nTrust pilots Bluetooth payments in Canada
Canadian payments and money transfer provider nTrust has begun piloting a new mobile payments service that uses Bluetooth Low Energy (BLE) beacons placed in stores to make wireless purchases. More
Save 20% on NFCP Summit
London’s NFCP Global Summit, a conference on proximity technologies in payments, retail, transportation and access control to be held on June 4 and 5, is offering NFC World+ readers an exclusive 20% discount on delegate places... More