The tipping point for consumers to begin using contactless payments technologies will be when at least 40% of merchants are equipped with compatible POS terminals, according to a survey by First Data which also found that banks are the trusted and preferred provider for mobile wallet solutions. More
The indoor advertising network is adding NFC to poster sites in university and college campuses across Canada that will allow students to purchase advertised products from their NFC phones, as well as to download promotional coupons and product information. More
Paypal is to open a demonstration space in the heart of New York to show off its new retail payment technologies... More
The online payments giant has showed off a series of mobile payments and shopping solutions that provide NFC-like features without the need for an NFC phone. More
A global survey of executives conducted by KPMG has found that the vast majority believe mobile payments will hit the mainstream within four years and nearly half say they think mass-market acceptance is only two years away. More
“We’ve been looking at NFC technology for a while and we saw a tremendous opportunity to combine the best of NFC and the best of PayPal,” the online payments giant’s senior director for mobile explained as she announced the company’s first NFC service. More
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
“Larry and Eric personally convinced me” to make the move to Google, Osama Bedier, the company’s VP of payments, has told NFC World as he set out Google’s commitment to building an NFC platform that is open to all — and revealed that Google Wallet will eventually be able to hold keys, ID credentials and driving licenses. More
Bling Nation, the company behind the first commercial NFC payments system in the US, has suspended service while it seeks to revamp its business model, American Banker reports... More
Paypal has filed suit against Google, two top Google Wallet executives and 50 others for breach of confidence and misappropriating trade secrets. More
The internet giant is set to announce its NFC mobile payments strategy at noon on 26 May in New York. Here are the key things to look for to work out if the company’s strategy will succeed — and what it means for the payments industry, the mobile network operators, phone manufacturers, the firm’s competitors and the future of Google’s own advertising business. More
Google is set to launch an NFC mobile payments service in conjunction with mobile network operator Sprint on May 26, according to a Bloomberg news report. More
News in brief from the NFC world and beyond: US files lawsuit against Verifone/Hypercom deal • iPhone 5 unlikely to support NFC payments, says analyst • ‘Paper’ phone unveiled • Vivotech adds NFC to mag stripe terminals • Hashable adds NFC to contacts app • Sequent raises funds • Connecthings invests in Lifera • and more… More
Consumer research conducted in nine countries has found that the online giant is the most trusted by consumers to handle personal financial data when making mobile payments. More
Recent acquisitions by eBay and its PayPal subsidiary are beginning to draw a picture of how the company plans to move from the online world to providing a full mobile shopping service including merchant payments and marketing services for retailers, Techcrunch reports... More
News in brief from the NFC world and beyond: New online NFC store • eBay buys hyperlocal ads firm • Connecthings launches reader/writer app • Google’s Groupon rival hits Portland • Chase offers chip and pin in US • Visa and Gap working on real-time mobile discounts • Nokia to transfer Symbian jobs • and a brace of research reports… More
Verayo has announced the appointment of Eric Duprat, former general manager of mobile at PayPal, as its chief executive officer as it seeks to bring its ‘silicon biometrics’ technology to market... More
Bling Nation has announced the launch of its FanConnect service in Austin, Texas, expanding the reach of its social rewards program where consumers can tap to earn, redeem and share rewards with their social networks at checkout with their mobile phone... More
American Express has made its first move towards NFC payments with the launch of a mobile digital wallet... More
PayPal has outlined its vision for providing consumers with a mobile ‘wallet in the cloud’, but revealed it is agnostic about NFC as a technology for turning that aim into reality, ReadWriteWeb reports... More