JP Morgan Chase has unveiled Chase Pay, a “closed loop network with access to credit and debit customers” that leverages the bank’s 94m debit, credit and prepaid card accounts, uses QR codes for mobile payments and will be accepted by all members of the MCX retailer-led mobile payments consortium. More
Weve, the mobile commerce joint venture between the UK’s three largest mobile network operators, has partnered with MasterCard to add NFC payments to its offering... More
Dublin-based Graham O’Sullivan Restaurants has contracted retail software specialist Escher Group to deliver an NFC- and QR-based payments and rewards service that uses NFC’s peer-to-peer (P2P) capabilities... More
New Delhi-based mobile wallet provider xpWallet has introduced an NFC ticketing solution for bus and train operators that lets commuters purchase tickets from conductors equipped with NFC phones... More
The NFC World team has identified ten pressure points that suggest the arrival of mobile payments will result in a fundamental change in the overall cost of processing payments and the way in which merchants transaction fees are calculated — and we’d like to hear from anyone who is working on ways to use mobile technology to cut the cost of processing transactions at the point of sale. More
Inside Secure‘s Mobile MasterCard PayPass M/Chip 4 payment applet has received MasterCard‘s Cast and Functional certification when credentials are stored on the chip specialist’s SecuRead embedded NFC module or VaultSecure secure element... More
“With the availability of the VaultSecure IC, smartphone manufacturers, mobile network operators and other trusted third parties can co-own the SE and install, personalize and administer their own open- or closed-loop payment, access control, transit, loyalty or other secure applets,” says Inside’s Pierre Garnier. More
Video coverage of the launch of Apple’s first mobile wallet app shows how it will enable developers to build mobile barcode-based ticketing, stored value, loyalty card and coupon apps for today’s iPhones — and hints at how these apps could migrate to NFC in the future. More
Vivotech’s EMV and NFC payments software is now being used in Cubic Transportation Systems’ new Tri-Reader 3 contactless readers, after the two companies signed a licensing and development agreement in 2009... More
Following the successful trial of Mastercard’s PayPass prepaid wristbands at the UK’s Isle of Wight Festival last June, cashless music events are set to take off in 2012 — with NFC in wide use by 2013. More