Near Field Communication (NFC) continued to hit stride in the first quarter with new developments across the globe. Recent research predicts plastic cards gone by 2030 as NFC penetration explodes globally.
A recent survey shows among all respondents, 73% have heard of Apple Pay, while awareness jumps up to 84% for the sub-group of iPhone 6 owners. First Annapolis Consulting says 20% of iPhone 6 owners reported adopting Apple Pay (i.e., having used the service at least once), down from 22% in the Spring survey but also still within the survey’s margin of error.
China’s top independent third-party payment platform, PayEase now supports business apps that accept payment through Apple Pay.
NY-based Crowdster unveiled a unique mobile donation capability based on ApplePay that enables donors to complete transactions as easy as making purchases on iTunes. Crowdster, is a provider of easy-to-use and low cost online fundraising platforms for non-profits.
Global Payments is offering merchants in China the ability to accept China UnionPay payments made with Apple Pay. Global Payments is fully enabled for Apple Pay acceptance, allowing merchants to offer their customers the convenience of paying quickly and easily with Apple Pay in-store.
During 1Q/16, Samsung Pay announced it will now support eligible Wells Fargo credit and debit cards. With the addition of Wells Fargo, Samsung Pay supports eligible credit and debit cards from 70 banks and credit unions, covering over 70 percent of the US credit and debit card market.
Diebold introduced during 1Q/16 a new mobile-enabled self-checkout concept. The new concept combines the core capabilities of the automated teller machine (ATM) with the convenience of contactless mobile payments and self-checkout.
The American Public Transportation Association (APTA) and the NFC Forum have inked a Memorandum of Understanding (MOU) in 1Q/16 to enable the two organizations to jointly educate the industry on Near Field Communication (NFC) technologies supporting the needs of public transportation operators.
UK-based Prepaid Financial Services inked Slovenia’s Nova Ljubljanska Banka (NLB) in 1Q/16 to launch a white-labelled, contactless prepaid MasterCard card and mobile sticker product.
New research reveals the implementation EMV and NFC cards in the U.S. has driven online fraud upward by 80-100%. The March edition of the Digital Identity Tracker, a forum for framing and addressing key issues and trends in fraud and identity protection, found total revenues lost from eCommerce transactions due to fraud nearly doubled from 2014 (0.68%) to 2015 (1.32%).
ams and STMicroelectronics say ARM is using the companies’ NFC solution to provide the secure, high-performance NFC and micro controller functionality in its new wearable reference design.
The NFC solution developed jointly by ST and ams is comprised of the ST54E from ST, a system-in-package featuring an NFC controller (NFCC) and a secure element compliant with the GlobalPlatform standard v2.2, and ams’ AS39230 NFC analog front end with boostedNFC technology.
The NFC Forum in the first quarter issued publication of one candidate and two adopted specifications, following approval by the Board of Directors. Available from the NFC Forum website, the specifications enhance the performance and security of NFC services.
PA-based small-ticket, self-serve specialist now has 369,000 connections, up 28% YOY as of EOP 4Q/15. In 3Q/15 USAT reported 349,000 connections and 288,000 connections for 4Q/14.
Appenzell-based GMC Software (GMC) rolled out its GMC Inspire Mobile Advantage solution. Among its key benefits is real-time dynamic statements and mobile payments. The solution makes it possible to create a responsive, interactive and regulatory compliant mobile experience with little reliance upon IT or external support.
More than half (53%) of Gen Z say they have made a mobile payment while using the Internet in the past 6 months; that is almost four times the rate (14%) for Baby Boomers (ages 50 to 68). Gen Y (ages 25 to 34) came in at 37%, and Gen X (35 to 49) at 27%.
FEIG’s cVEND contactless payment terminals incorporate the Cardtek EMV Level 2 Kernel (L2K), providing certified EMV-related payment and security functionality on cVEND plug-in modules and standalone card readers. Together, cVEND payment devices and the Cardtek L2K are tightly integrated to meet the security needs for the variety of payment options required in the transportation industry.
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