NFC World

MasterCard fights back against new payments players with increased transaction fees for digital wallets that don’t share data

MasterCard

The new fee is to be applied to “staged” digital and mobile wallets that provide a way for transactions to be charged to a customer’s credit card without any details about the purchase being passed on to the payments network. PayPal and Google Wallet as well as a number of other new market entrants are all expected to be affected but “traditional” NFC wallets will not.  More


NFC World

Korean banks launch NFC payments service

BankWallet

Sixteen Korean banks have introduced BankWallet, a prepaid NFC payments service that uses a platform developed by interbank clearing house KFTC. SK Telecom subscribers with an NFC phone will be the first to be able to use the new service and KT customers will be added soon. More










NFC World

Hointer adds NFC to next generation store concept

Hointer's NFC tag in action

“I think that it is very important for us, as retailers around the world, to reinvent the way customers shop in store,” says the CEO of fashion retailer Hointer, which uses NFC, QR codes and self-checkout to replace traditional shop assistants. “It has lost its edge and has fallen behind online shopping and what it needs is an infusion of sorts; an infusion of technology that I found in NFC.” More


NFC World

GSMA reports on NFC Experience at MWC

GSMA NFC lead Pierre Combelles

More than 10,000 Mobile World Congress 2013 attendees tried out the NFC Experience at this year’s event. “We can probably improve a few things regarding the ergonomics,” the GSMA’s head of NFC has told NFC World, “but overall it went smoothly.” More





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