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US retailers see surge in NFC payment

Retailers in the US are seeing an uplift in NFC payment transactions in the three weeks following the launch of Apple Pay, according to The New York Times. Grocery chain Whole Foods said it had processed more than 150,000 Apple Pay transactions, while Walgreens, the nationwide pharmacy, said mobile wallet payments had doubled since the arrival of Apple’s NFC-based payment service…. Continue reading >>

Research reveals banks’ attitudes to HCE

Global bank-led industry association, Mobey Forum, has published a white paper detailing the results of a survey that outlines the attitudes of its international membership toward the adoption of host card emulation (HCE). The survey reveals members’ appetites for third-party support with HCE solution development and ranks their key criteria for the selection of a technology partner. With close to… Continue reading >>

UK contactless transactions pass £1billion

Contactless has shaken off its novelty tag and is surging towards the mainstream according to Worldpay, which announced it processed over £1 billion payments using the technology in the last three years. Data from the UK’s leading payment processing company shows the number of contactless transactions rose by more than 150% in the last six months (6.65m contactless transactions processed… Continue reading >>

Optus launches NFC payment app

With Apple driving awareness of the potential of NFC payments with Apple Pay, it’s no surprise that the telcos are trying to defend their space. After Vodafone’s NFC false start in 2012, it seems that Optus is the first from the telecommunications industry to jump on the bandwagon with the introduction of the un-ironically named “Cash”. Optus’s interpretation of NFC payments doesn’t… Continue reading >>

Vodafone to launch NFC payments in the UK

Mobile network operator Vodafone is preparing to make NFC payments available to its customers in the UK in time for the launch of contactless bank card payments on London’s public transport network. “Vodafone SmartPass will be offered to customers to make contactless mobile payments for TfL modes of transport,” Vodafone explained. “It will be using NFC-enabled devices.” Vodafone has been gradually rolling out… Continue reading >>

Westpac deploys contactless sticker in New Zealand

New Zealand’s Westpac is to offer its customers contactless sticker for mobile payment. Westpac customers attach the sticker to the back of their mobile device to make quick, secure contactless payments. The contactless sticker embeds a secure EMV microprocessor that will be linked to Westpac customers’ credit or debit cards. It will enable small payments at more than 15,0001 contactless… Continue reading >>

McDonald’s deploys NFC mobile payments Softcard

Softcard (formerly Isis Mobile Wallet) has won its first big deal with McDonald’s announcing a union between the two companies, bringing NFC mobile payments to roughly 14,000 McDonald’s restaurants. “We are pleased to announce this national launch after a successful pilot program that began in 2013. Our work with Softcard further reinforces McDonald’s commitment to customer service and convenience,” said Anja… Continue reading >>

Dutch entrepreneur injects bitcoin wallet NFC tags under his skin

A dutch crypto-currency fanatic has implanted two NFC tags under the skin in his hands to store his digital cash. Martijn Wismeijer, who runs a company called in his native Amsterdam, had the implants installed during a ‘biohacking’ session in the basement of the old Prodent Toothpaste factory organized by Permanent Beta – according to Finextra. The xNTi injection… Continue reading >>

Is CurrentC dead before it launches?

CurrentC, the MCX backed mobile payment system developed by a consortium of major retail chains, has made headlines lately for brazenly blocking Apple Pay transactions. The heat CurrentC faced from that poor strategic move is nothing, though, compared to the trouble the embryonic payment system is in now, thanks to news of a data breach – reports PCWorld. CurrentC isn’t even officially… Continue reading >>

Apple Pay pricing + T&C’s revealed for US banks

According to the term sheet, which was picked up by equity analyst at Keefe, Bruyette & Woods, Sanjay Sakhrani, Apple Pay will receive 15 basis points (0.15 percent) per credit card transaction, as well as a half a penny for each debit transaction. The contract also stipulates that issuers must make available at least 95% of the cards in their… Continue reading >>