MasterCard has announced US availability of a token platform that enables card issuers to store tokenized versions of their customers’ card details on Apple’s new NFC devices as well as NFC phones and tablets from a range of other manufacturers... More
Visa Token Service, the payment network’s new platform that enables card account numbers to be replaced with digital tokens that ensure the cardholder’s actual card number is never shared with merchants, is now live and will be used to enable Visa cardholders to make use of Apple’s new NFC mobile payments service... More
“It’s all about the wallet,” Apple CEO Tim Cook explained during the unveiling of Apple Pay mobile payments and the iPhone 6, iPhone 6 Plus and Apple Watch with NFC on 9 September... More
UPDATED The new iPhone 6 and iPhone 6 Plus will include support for NFC, Apple has announced. The NFC functionality will let users make Apple Pay mobile payments in stores. More
“Apple will be utilizing near field communication (NFC) technology and tokenization technology in the new iPhone 6 and iWatch as a part of its payments initiative,” reports Bank Innovation, citing “sources close to Apple and with knowledge of Apple’s plans for its new smartphone”... More
NFC World+ now has a Knowledge Centre which provides readers with in-depth reports, technical guides and market briefings on the technologies shaping the future of mobile payments and commerce... More
Merchant Customer Exchange (MCX), the mobile payments venture co-owned by US retail chains with collective revenues of more than US$1 trillion annually, has announced that its payments, loyalty and offers platform is to be called CurrentC — and provided the first details of how the service will work when it rolls out to 110,000 merchant locations across the US in 2015... More
Leading merchant groups in the US have come together to call for the creation of an alternative set of open standards for tokenized payments that would be managed by an independent body such as ISO or ANSI — rather than by the payments industry. More
Visa has unveiled a suite of services designed to “facilitate secure payments across a broad range of internet-connected devices and wearables”... More
Host Card Emulation (HCE) is likely to lead to higher demand for SIM-based NFC payments services and new opportunities for mobile network operators, SIMalliance — which initially warned against HCE for security reasons — has now decided... More
Starting today, NFC World has a new name and a new mission — to report on the full array of emerging technologies that are transforming how consumers choose what to buy, who to buy from, and how to pay... More
Sequent Software has added support for cloud-based issuance, tokenization and host card emulation (HCE) to its digital issuance platform... More
EMV and NFC payment software specialist Aconite has added support for host card emulation (HCE) and EMV tokenization to its product offering, enabling issuers to “operate an HCE and token-enabled service, including real-time data preparation, distributed EMV transaction processing, remote CVM management and mapping risk scores to card/token profiles.”... More
Wirecard has integrated support for host card emulation (HCE) into its mobile wallet platform, “enabling telecommunications companies, financial service providers, banks and also retailers to quickly enter the mobile payment market through near field communication.”... More
The first version of the EMV Payment Tokenization Specification has now been published and is available to download... More
A new tokenization framework being developed by EMVCo for the world’s major payments networks will enable EMV transactions to be made on a mobile phone using the widest possible range of “last inch” technologies— and the first draft of the new specification will be available in just a few weeks, Christina Hulka, chair of the board of managers at EMVCo, has told The Mobile Wallet Report... More
“We’ve seen this as a vehicle for innovation for financial institutions, for merchants, for others who want to enable payment using the mobile device,” Visa‘s Sam Shrauger has explained at MWC 2014, just a few days after the payment network announced its adoption of host card emulation (HCE) for NFC and QR payments... More
Global card manufacturer and NFC service provider ABnote is to integrate SimplyTapp’s host card emulation (HCE) technology into its trusted service manager (TSM) platform, enabling card issuers to deploy cloud-based NFC payments solutions to their customers... More
Visa has introduced a new standard that uses host card emulation (HCE) to enable financial institutions to securely host Visa accounts in the cloud... More
Spain’s Bankinter is to commercially launch an NFC mobile payments service that makes use of host card emulation (HCE) during the second or third quarter of 2014... More