In the November edition of Mobile Wallet Outlook, the monthly trends bulletin for subscribers to The Mobile Wallet Report, the NFC World team examines the role US merchants plan to play in mobile payments and how the move to mobile is creating new opportunities for alternative players to define the bank account of the future. More
Canadian athlete Simon Whitfield has completed Canada’s first NFC transaction, at a Tim Hortons coffee shop, and customers of the bank and mobile network operator can now order an NFC-enabled Rogers SIM ahead of the full commercial launch of the new mobile payments service on 16 November. More
Auckland Transport, Telecom New Zealand and financial services group Westpac have announced they are now ready to begin their first NFC field trial... More
Australian bank Westpac has begun an NFC payments pilot, using Android handsets equipped with a secure element embedded in the SIM that stores a virtual MasterCard debit card... More
“We would prefer to start using the chip that comes with the phone,” says CommBank’s head of online banking, but “currently the NFC chip (the secure element) in Android NFC-enabled phones is not available to us.” More
NFC-on-microSD specialist Tyfone is to supply mobile banking solutions, including its NFC payments technology, to two US credit unions... More
The three card issuers’ 100 million customers will be able to store a full range of credit, debit and prepaid cards, as well as loyalty cards and special offer coupons, on their NFC mobile phones. More
The banking giant, the eighth largest in the world, has partnered with Orange for the development and introduction of the first NFC payments solution to support cards issued by both Visa and MasterCard. More
The telecoms giant has chosen the SAP subsidiary to provide a mobile wallet solution that it will begin introducing in Europe and Latin America during the first half of 2012. More
Visa has added mobile services to its Visa DPS issuer processing platform... More
23% of US consumers are now “very willing” to use their mobile phone as a wallet, a KPMG survey has found, but many consumers are still expressing privacy and security concerns. More
A new survey from KPMG has found that 41% of shoppers now use their phone to research products and services in-store and consumers are increasingly willing to share data with advertisers if it saves them money — but concerns over mobile payments security and privacy issues remain. More
The mobile banking platform provider will use $18m of new funding for “the development of new payments-related mobile products and services targeted at financial institutions and mobile network operators.” More
Six hundred US financial institutions that use mFoundry’s mobile banking platform will be able to add NFC payments to their apps, following a deal signed between the technology provider and payments network MasterCard. More
The new BNP Paribas Mobile service combines a mobile network subscription, a range of innovative mobile banking products plus a choice of phones — including three with NFC — and is being promoted to customers via the bank’s network of branches across France. More
Singapore’s IDA has awarded the contract for a national NFC infrastructure to a consortium including mobile network operator StarHub, DBS Bank, public transportation card issuer EZ-Link and NFC technology provider Gemalto. Commercial services are due to go live in mid-2012. More
Citigroup and América Móvil have created a US$50m joint venture to explore opportunities in mobile payments and banking... More
The C-Sam platform will enable Isis to offer smartphone users a comprehensive mobile wallet for conducting secure NFC transactions related to payments, rewards, coupons, tickets, transit and other services. More
“Customers will be able to access the most innovative m-banking and m-payment services to manage their accounts and make payments using their mobile phones,” say the French banking group and mobile network operator. More
The value of global mobile transactions will grow from US$241 billion in 2011 to more than $1 trillion by 2015, a compound annual growth rate of 56%, according to Yankee Group‘s latest Mobile Money Forecast, part of a new Mobile Money Strategies research service... More