Consortium – NFCW https://www.nfcw.com B2B news, analysis and educational resources on the latest trends and technologies in payments, transit ticketing, NFC and contactless, and beyond Wed, 06 Feb 2019 23:01:26 +0000 en-US hourly 1 https://wordpress.org/?v=5.2.3 https://www.nfcw.com/wp-content/uploads/2019/07/cropped-nfcw-favicon-white-001-32x32.png Consortium – NFCW https://www.nfcw.com 32 32 37289602 Spanish banks to build blockchain customer identity verification platform https://www.nfcw.com/2018/06/19/357343/spanish-banks-to-build-blockchain-customer-identity-verification-platform/ Tue, 19 Jun 2018 15:10:50 +0000 http://www.nfcw.com/?p=57343 “For banks, the benefits of this platform translate into an increase in speed, cost savings, reduction of fraud, reduction of operational risk and improvement of the prevention of money laundering. The client, on the other hand, decreases the time necessary during a registration process and has control and sovereignty over their personal data, thus improving […]

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Japanese banks to roll out blockchain-based instant payments https://www.nfcw.com/2018/03/08/356651/japanese-banks-to-roll-out-blockchain-based-instant-payments/ Thu, 08 Mar 2018 15:10:24 +0000 http://www.nfcw.com/?p=56651 “MoneyTap allows the bank consortium customers to make instant domestic payments and only requires a bank account, phone number, or QR code… The Japan bank consortium, led by SBI Ripple Asia, is comprised of 61 banks covering more than 80% of all banking assets in Japan… Three members of the Japan bank consortium: SBI Net […]

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Softbank to launch new global digital payments system? https://www.nfcw.com/2018/01/29/356320/softbank-launch-new-global-digital-payments-system/ Mon, 29 Jan 2018 17:29:39 +0000 http://www.nfcw.com/?p=56320 “Japanese technology giant Softbank is planning to create a global digital payments system that could rival giants such as PayPal, according to reports. The tech firm will lead a consortium backed by some of the world’s biggest banks… Under the plan, Softbank could acquire a large financial software business as a springboard to rolling out […]

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Japanese banks get go ahead for digital currency launch https://www.nfcw.com/2017/09/26/354840/japanese-banks-get-go-ahead-digital-currency-launch/ Tue, 26 Sep 2017 11:16:13 +0000 http://www.nfcw.com/?p=54840 “A consortium of banks, led by Mizuho Financial Group and Japan Post Bank, has won support from the country’s central bank and financial regulator to launch the J Coin, an electronic currency to pay for goods and transfer money using smartphones. The J Coin would be convertible into yen on a one-to-one basis, operating via […]

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Carrier Blockchain Study Group demos cross-carrier blockchain payment platform https://www.nfcw.com/2017/09/14/354640/carrier-blockchain-study-group-demos-cross-carrier-blockchain-payment-platform/ https://www.nfcw.com/2017/09/14/354640/carrier-blockchain-study-group-demos-cross-carrier-blockchain-payment-platform/#comments Thu, 14 Sep 2017 13:22:24 +0000 http://www.nfcw.com/?p=54640 “SoftBank, Sprint and TBCASoft succeeded in demonstrating cross-carrier top-ups, mobile wallet roaming, international remittances and IoT payment on a cross-carrier payment platform system using TBCASoft’s blockchain technology.”

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R3 investment details take shape https://www.nfcw.com/2016/11/24/348694/r3-investment-details-take-shape/ Thu, 24 Nov 2016 10:35:46 +0000 http://www.nfcw.com/?p=48694 Blockchain consortium R3 has reduced the amount it aims to raise from bank members in its first large round of equity funding to US$150m from US$200m, Reuters reports. More than 90% of its original 42 bank members have expressed an interest in investing, but Goldman Sachs and Banco Santander, both original participants, are not renewing […]

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Consortium to develop NFC packaging across UK supply chain https://www.nfcw.com/2016/03/31/343721/consortium-develop-nfc-packaging-across-uk-supply-chain/ Thu, 31 Mar 2016 13:29:51 +0000 http://www.nfcw.com/?p=43721 The Centre for Process Innovation (CPI) has formed a specialist consortium to create a UK manufacturing supply chain that will support the widespread adoption of NFC packaging.

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Walmart launches QR code mobile payments service in the US https://www.nfcw.com/2015/12/10/340527/walmart-launches-qr-code-mobile-payments-service-in-the-us/ https://www.nfcw.com/2015/12/10/340527/walmart-launches-qr-code-mobile-payments-service-in-the-us/#comments Thu, 10 Dec 2015 14:19:18 +0000 http://www.nfcw.com/?p=40527 Customers at US supermarket chain Walmart will soon be able to pay for purchases by scanning a QR code at the point of sale using Walmart Pay, the retailer’s own mobile payment service. Walmart Pay will be integrated into the Walmart app and introduced in select stores this month, with a nationwide launch expected in the first half of next year.

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MCX merchants to accept Chase Pay mobile payments https://www.nfcw.com/2015/10/27/339059/mcx-merchants-to-accept-chase-pay-mobile-payments/ Tue, 27 Oct 2015 13:52:54 +0000 http://www.nfcw.com/?p=39059 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.

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MCX adds ACH payments to CurrentC wallet https://www.nfcw.com/2015/10/19/338784/mcx-adds-ach-payments-to-currentc-wallet/ https://www.nfcw.com/2015/10/19/338784/mcx-adds-ach-payments-to-currentc-wallet/#comments Mon, 19 Oct 2015 15:24:14 +0000 http://www.nfcw.com/?p=38784 US retailer-led consortium MCX is to add ACH payments capabilities to its CurrentC mobile wallet, using technology developed by Buy It Mobility Networks (BIM). “Using BIM’s technology, consumers will be able to connect their checking accounts to the CurrentC mobile wallet app and make payments at the cash register, table or pump at more than 70 […]

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