Mobile payments provider Monitise has partnered with DeviceFidelity to add support for Visa payWave contactless transactions to its Mobile Money Manager technology platform, used by 250 financial institutions around the world... More
WNIP
89% of young consumers willing to pay for mobile wallet services
New research from mobile wallet solution provider Alcatel-Lucent has found that young consumers in ten countries around the world are willing to pay for the convenience of using their phone to check their balance, pay for public transport and buy electronic tickets. More
Wells Fargo to run NFC field trial
US financial services giant Wells Fargo & Co has become the fourth bank to reveal that it is to take part in Visa‘s series of NFC trials... More
First Data joint venture to offer mobile contactless loyalty service to merchants in UK and Ireland
AIB Merchant Services’ new Loyaltyplus service integrates Zapa’s mobile contactless technology into merchants’ POS terminals, enabling even the smallest retailer to offer an NFC-compatible customer loyalty programme — from only €30 a month. More
Consumers Union calls on US government to regulate mobile payments
As the US begins the move to adopting NFC, the government must act to ensure that consumers get full protection against fraud, processing errors and merchant disputes — especially if they are using a prepaid account or if they are charging their purchase to their mobile phone bill — says Consumers Union. More
Bank of America to run NFC payments trial in New York
Bank of America will begin a field trial next month in partnership with Visa that will enable customers to use their smartphones to pay for purchases in stores, according to a Reuters news report... More
‘Mobile wallet solutions are our top priority’ says PayPal boss
The company is to “develop software that transforms mobile phones and other devices into ‘digital wallets’ that consumers can use to buy merchandise, keep coupons and store loyalty program data.” More
Turkey’s Akbank and Visa Europe to test microSD NFC device
News of Akbank and Visa’s trial follows the announcement in May that MasterCard, Garanti Bank and mobile network operator Avea are to begin a commercial NFC service in Turkey this summer. More
Federal Reserve leads US payments industry NFC initiative
The US Federal Reserve has been acting as the host for a series of meetings between US mobile network operators, banks and payments networks over the course of the last few months, Digital Transactions reports... More
AT&T, Verizon and T-Mobile to test NFC payments in the US
US mobile network operators AT&T, Verizon Wireless and T-Mobile USA are planning to run NFC payments trials in Atlanta and three other US cities, according to Bloomberg... More
Kasikornbank and AIS introduce NFC payments in Thailand
Kasikornbank, Thailand’s second largest bank, and Advanced Info Services (AIS), the country’s largest telecommunications operator, have partnered with Gemalto to introduce NFC services in Thailand... More
European Payments Council publishes NFC white paper
The European Payments Council (EPC) has published a white paper which examines the ways in which NFC technology could be used to deliver compatible mobile phone-based payments services across the 32 countries of the Single Euro Payments Area (SEPA)... More
PayPal begins move into retail store payments with Bling Nation pilot
Online payments giant PayPal has partnered with Bling Nation for a trial that will see consumers being able to use their PayPal accounts to make payments in retail stores... More
La Caixa reports first results from Sitges NFC trial
The first results of the NFC payments trial taking place in Sitges, Spain show that 60% of the participants have so far used their phone to make a payment, Benjamí Puigdevall, CEO of e-La Caixa, has told Spanish financial publication CincoDias... More
China Unicom and Bank of Communications announce commercial NFC payments launch
The Chinese bank and mobile network operator are to launch a commercial NFC service that lets consumers make payments with NFC phones supporting the Single Wire Protocol — using a prepaid account that can be topped up over-the-air from the customer’s bank account. More
“Government must force banks to cut excessive NFC and contactless transaction fees” say UK retailers
Debit card transactions cost four times more to process than cash payments, says the UK’s leading retail trade association, raising concerns that the move from cash to contactless debit cards and NFC phones will increase retailers’ overheads. More
PTC, Inteligo and MasterCard test NFC payments in Poland
The 100 participants can use their Samsung NFC phones to make payments at any of 10,000 points of sale in Poland that are already equipped to handle PayPass contactless transactions. More
China Unicom launches NFC payments service in Beijing
The Beijing branch of mobile network operator China Unicom has launched an NFC service in conjunction with Beijing Municipal Administration and Communications Card Co (BMAC)... More
US Bank to test NFC in Q4 2010
US Bank is to run an NFC pilot from the fourth quarter of 2010, Brandon McGee reports from the Mobile Banking & Emerging Applications Summit in Las Vegas... More
Discover, MasterCard certify new mobile contactless stickers from Inside and CPI
A new range of contactless stickers, designed to be attached to the back of a mobile phone, have been certified by MasterCard and Discover Financial Services... More