Mobile network operators and service providers could save hundreds of thousands of dollars using SecureSMS to provision and personalise NFC applications over the air, says CellTrust’s CEO. More
- Eventbrite brings tap to pay to the events industry
- Biometric card pioneer backs away from payments citing lower-than-expected market uptake
- EU calls for feedback on proposed settlement with Apple over NFC chip access
- Google signs deal to take UPI beyond India
- NFC Forum spells out DPP ambitions in ebook
Tyfone’s investors explain why they took part in the MicroSD format NFC supplier’s $5m funding round
“The investors who participated in our Series B financing round bring unique expertise within financial services and we’ll benefit from their knowledge beyond the value of their financial investment in Tyfone,” says the company’s CEO. More
Wells Fargo to run NFC field trial
US financial services giant Wells Fargo & Co has become the fourth bank to reveal that it is to take part in Visa‘s series of NFC trials. And Visa could be ready to launch commercial NFC-based services from early 2011, according to a Reuters report. More
Broadcom sets out its plans for NFC
Three months after it announced plans to buy NFC specialist Innovision for US$47.5m, the deal has completed and Broadcom VP Craig Ochikubo has spoken to NFC World about the company’s ambitions for Innovision and for the NFC market as a whole. More
Qualcomm hunts NFC specialist to head up digital development
Wireless telecomms technology and chipset giant Qualcomm is set to become the latest mobile industry player to put an NFC expert at the heart of its digital development strategy. More
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First Data joint venture to offer mobile contactless loyalty service to merchants in UK and Ireland
AIB Merchant Services’ new Loyaltyplus service integrates Zapa’s mobile contactless technology into merchants’ POS terminals, enabling even the smallest retailer to offer an NFC-compatible customer loyalty programme — from only €30 a month. More
Consumers Union calls on US government to regulate mobile payments
As the US begins the move to adopting NFC, the government must act to ensure that consumers get full protection against fraud, processing errors and merchant disputes — especially if they are using a prepaid account or if they are charging their purchase to their mobile phone bill — says Consumers Union. More
China Unicom signs up second banking partner
China Unicom has signed a strategic partnership agreement with Agricultural Bank of China (ABC). The deal is expected to see the bank and the mobile operator working together to introduce a wide range of new services to ABC’s customers including personal financial services, e-commerce, mobile banking and mobile payments. More
Verizon invests in mobile loyalty and coupons specialist CardStar
Verizon Ventures has invested US$400,000 in mobile loyalty card and promotions start-up CardStar, The Wall Street Journal reports: More
Bank of America to run NFC payments trial in New York
Bank of America will begin a field trial next month in partnership with Visa that will enable customers to use their smartphones to pay for purchases in stores, according to a Reuters news report. More
Tyfone picks up $5m investment
NFC specialist Tyfone has raised additional funding of US$4,963,364, according to a newly published SEC filing. More
US NFC payments market heats up — but advertising revenues will be the way to make it pay
OPINION: Almost from nowhere, interest in near field communication technology has exploded in the US over the last few weeks as key potential market players have begun to reveal their hands. More
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‘Mobile wallet solutions are our top priority’ says PayPal boss
The company is to “develop software that transforms mobile phones and other devices into ‘digital wallets’ that consumers can use to buy merchandise, keep coupons and store loyalty program data.” More
Apple hires NFC expert as mobile commerce product manager
Benjamin Vigier has been involved in the development of near field communication technology since 2004 and most recently was product manager for mobile wallet, payment and NFC at mobile payments specialists mFoundry. More
Twinlinx to begin shipping MyMax NFC stickers in September
The first 10,000 MyMax stickers, which enable full NFC functionality to be added to any Bluetooth mobile phone, are now in production and field trials are expected to take place before the end of this year. More
GlobalPlatform specification adds secure area to mobile phone baseband processors
The new Trusted Execution Environment specification will enable a trusted window to be created on a mobile phone’s screen so that consumers can enter their PIN securely on their own phone, rather than on a retailer’s POS terminal. More
China Unicom in bid to make Chongqing a $7bn world leader for NFC manufacturing and innovation
A strategic cooperation agreement signed by the mobile network operator and the Chongqing Municipal Government aims to turn the region into a $7bn a year world leader in NFC manufacturing by 2015. More
Turkey’s Akbank and Visa Europe to test microSD NFC device
News of Akbank and Visa’s trial follows the announcement in May that MasterCard, Garanti Bank and mobile network operator Avea are to begin a commercial NFC service in Turkey this summer. More
Federal Reserve leads US payments industry NFC initiative
The US Federal Reserve has been acting as the host for a series of meetings between US mobile network operators, banks and payments networks over the course of the last few months, Digital Transactions reports. More
AT&T, Verizon and T-Mobile to test NFC payments in the US
US mobile network operators AT&T, Verizon Wireless and T-Mobile USA are planning to run NFC payments trials in Atlanta and three other US cities, according to Bloomberg. More