NFC World

Visa Europe forecasts breakout year for NFC

Visa Europe CEO Peter Ayliffe

“The year ahead will see us putting mobile contactless payments into consumers’ hands and introducing digital wallets on a mass scale,” says Peter Ayliffe, chief executive of Visa Europe, as the payments network predicts there will be 40 mobile contactless payments issuers in Europe in 2013. More




NFC World

SimplyTapp proposes secure elements in the cloud

SimplyTapp

A US-based start-up has developed an alternative approach to storing the sensitive data required to make a transaction with an NFC phone. Rather than placing it in a secure element on the phone, SimplyTapp stores the data in the cloud on a “remote secure element” and passes encrypted transaction data through the phone to a point-of-sale terminal when the user makes a purchase. More


NFC World

Hong Kong moves towards NFC payments

Hong Kong Monetary Authority (HKMA)

The Hong Kong Monetary Authority (HKMA), the government body responsible for the maintenance and development of Hong Kong’s financial infrastructure, has announced plans to implement a series of retail payment initiatives, including a first step towards the introduction of an NFC payments platform... More






NFC World

Deutsche Telekom unveils mobile payments plans

Deutsche Telekom and MasterCard

“We want to build a comprehensive ecosystem around mobile payment, helping Telekom to realise its strategy of being the first choice for customers regarding connected life and work,” says the T-Mobile operator as it signs a partnership deal with MasterCard and outlines four “strategic pillars” for its move into financial services. More






NFC World

NFC too costly for South Africa?

South African banks and retailers are likely to be slow to adopt NFC, due to the high cost of enabling infrastructure, Tim Walter, Nashua Mobile‘s executive head of marketing, has told ITWeb... More