“2016 will mark the real start of money’s digital switchover in the UK,” says the boss of PayPal UK. “Children born today will become the UK’s first ‘cashless generation’. It will be completely natural for them to pay by mobile.” More
The payments network has partnered with BRE Bank’s mBank and MultiBank divisions to test the use of Apple iPhones equipped with an iCarte NFC accessory. More
VeriFone has acquired electronic payments specialist Point International from Nordic Capital for €600m (US$812m) as the POS terminal maker accelerates its transition to a managed services revenue model... More
“We are taking the shopper back to a time when shopping was simple,” says the founder of a start-up which is using NFC and shelf-based weighing scales to enable customers to self serve in large stores. More
US ad agency Digitas has opened a mobile retail showcase in Boston to teach clients how to use mobile to attract and keep customers... More
The tipping point for consumers to begin using contactless payments technologies will be when at least 40% of merchants are equipped with compatible POS terminals, according to a survey by First Data which also found that banks are the trusted and preferred provider for mobile wallet solutions. More
Dublin-based Zapa Technology has appointed a provisional liquidator, according to the Irish Times... More
Paypal is to open a demonstration space in the heart of New York to show off its new retail payment technologies... More
NFC specialist Narian Technologies expects to try out its retail applications with a large department store chain and a large supermarket chain in the US in the first quarter of 2012... More
Payments start-up Square‘s Keith Rabois has dismissed NFC as not offering value to retailers, telling delegates at GigaOm’s Mobilize conference this week that he has “never met a single merchant in the US who says ‘I want this NFC thing.'”... More
BlackBerry maker Research in Motion is working on several NFC projects with stores in Mexico, according to Netmedia... More
The RW-T107 Android 2.3 tablet includes an NFC interface that allows it to be used in stores and other commercial locations to read loyalty, membership, ID and other contactless cards. More
“We see NFC as the ideal technology for enabling new approaches to ‘check-ins’, integrating social media into the physical store, and rethinking how we reward loyalty and encourage discovery and sharing,” says the out-of-home interactive television network. More
The NFC pioneer’s NFC4All platform provides a wide array of in-store marketing and customer service apps designed to enable retailers of all sizes to drive traffic to stores, increase in-store transaction volumes and reduce lost sales opportunities. More
The Emerging Technologies Hype Cycle is designed “to highlight the common pattern of overenthusiasm, disillusionment and eventual realism that accompanies each new technology and innovation,” says the company. More
The Slovak bank is providing customers with MasterCard-branded contactless stickers that can be attached to the back of their mobile phones and used to make payments at more than 3,000 contactless card acceptance points currently in place in Slovakia. More
NFC specialist Vivotech has closed a US$24 million Series C round of funding... More
A test conducted by Home Plus, Korea’s second largest supermarket chain and 95% owned by UK-based grocery giant Tesco, highlights the potential for mobile proximity technologies to transform the way retailers operate... More
Singapore’s Infocomm Development Authority (IDA), the government agency tasked with implementing a national NFC infrastructure for Singapore, is demonstrating a number of “rich mobile NFC services” at the imbX tradeshow in Singapore... More
The Isis NFC joint venture between AT&T Mobility, Verizon Wireless and T-Mobile USA has chosen the city of Austin, Texas as the site of its second test... More