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. More
Citi proposes ‘hybrid model’ for mobile payments
- Bank of China lets taxi drivers accept central bank digital currency payments on NFC mobile phones
- Juniper forecasts 25% increase in POS terminal transaction values by 2028
- STMicroelectronics launches NFC tag chip with elliptic curve cryptography
- NFC Forum survey finds majority of consumers now prefer making payments with their mobile phone
- Hello, NFCW readers!
Survey: One-third of Canadians ready to pay by phone
A survey conducted for PayPal Canada has found that more than one-third of Canadians are ready to begin making payments with their mobile phones and over half would like to use a digital wallet, the Toronto Sun reports: More
SK Telecom to open NFC Zone in Seoul
Korean mobile network operator SK Telecom is to open an ‘NFC Zone’ in Seoul, the company’s head of global partnerships has told delegates attending the GSMA’s Mobile Money Summit in Singapore. More
ANZ Bank: We like NFC, but not via microSD
“At this stage, we will not be progressing with microSD as a contactless payment technology platform,” says the Australian banking giant. More
Proxama unveils NFC Murder Mystery game
The hi-tech version of a traditional murder mystery game uses NFC phones and tags to allow participants to discover clues hidden around a venue and to accuse their choice of suspect. More
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Deutsche Telekom awards custom NFC SIM development contract
The planned international rollout of NFC services to Deutsche Telekom’s T-Mobile and Era mobile networks will use bespoke NFC SIMs developed by Giesecke & Devrient. The new SIMs will be “functionally expanded” and “go beyond the standardised NFC functions”. More
VingCard launches NFC room key system for hotels
The hotel room key market leader, part of the Assa Abloy group which recently ran an NFC trial at the Clarion Hotel Stockholm, has now brought the technology to market. More
Hicel launches NFC business cards
Korean manufacturer Hicel has introduced a digital business card that combines the features of traditional cards with NFC functionality. More
BPCE and Visa to test NFC microSD in Nice and Strasbourg
BPCE, France’s second largest banking group and owner of both Banque Populaire and Caisse d’Epargne, is teaming up with Visa to conduct a pilot test of NFC MicroSD cards in the cities of Nice and Strasbourg this autumn. More
ZTE signs NFC phone deal with Inside Secure
The Chinese handset manufacturer will integrate Inside’s NFC technology into its GSM and next-generation TD-SCDMA smart phone platform, which is based on the Android operating system. More
German savings banks begin move to NFC
The German Savings Banks and Giro Association (DSGV) is to convert all its customers’ debit cards into contactless payments cards, as a forerunner to the introduction of NFC payments, Der Handel reports. More
NFC could reduce banks and mobile operators to low value ‘bit pipes’, warns KPN
“We need to own the market space and prevent market differentiation before any other party enters the market with enough money,” says Peter Van Leeuwen of KPN, a partner in the Dutch NFC joint venture that includes both banks and mobile operators. More
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Orange to introduce first international NFC payments service
From this summer, subscribers to the UK’s Quick Tap NFC service will be able to use their phones to make payments in Nice, home of the French Cityzi NFC service. More
Vivotech raises $24m in funding
NFC specialist Vivotech has closed a US$24 million Series C round of funding. New investors in the company include Singapore’s EDBI, SingTel Innov8 and Motorola Solutions Venture Capital. Existing investors Alloy Ventures, Citi Ventures, Draper Fischer Jurveston, DFJ Gotham, First Data Corporation, Miven Ventures, Motorola Mobility, Nokia Growth Partners and NCR all also participated in the funding round. More
NFC news in brief • 27 June 2011
News in brief from the NFC world and beyond: Korea gets NFC Forum test lab • Verayo hires CTO from Apple • US Bank issues contactless EMV cards • SPVA releases secure payment device standards • Majority don’t trust mobile phone companies • 20m Visa contactless cards in UK by end of year • Groupon ties deals to loyalty cards • Identive appoints NFC VP • and more… More
NFC-enabled advertising network plans IPO
Out-of-house (OOH) media company RMG Networks, which unveiled an NFC-enabled advertising network in April, is in talks with banks about an initial public offering (IPO) to raise more than US$250m, Bloomberg reports: More
Beeline and Alfa-Bank launch Russian mobile payments brand
The Russian bank and mobile network operator have created a new payments system called RuRu that will begin with mobile and ecommerce, P2P transfers and mobile remittances. NFC services will follow “in the near future.” More
Survey: Discounts and coupons will drive adoption of mobile payments
A survey of 1,036 US adult consumers, conducted by StrategyOne on behalf of Verifone, has found that almost twice as many are interested in using mobile payments if the service also includes a way to get discounts and coupons on their phones. More
Tesco Korea points to the future of mobile grocery shopping
A test conducted by Home Plus, Korea’s second largest supermarket chain and 95% owned by UK-based grocery giant Tesco, highlights the potential for mobile proximity technologies to transform the way retailers operate. More
DeviceFidelity granted new NFC patent
NFC microSD specialist DeviceFidelity has been awarded a US patent, number 7,942,337, for “an implementation of near field communication (NFC) technology for enabling mobile devices to function like mobile wallets capable of conducting payment, access, transit and other contactless transactions using credentials issued by multiple different enterprises through points of sale terminals.” More