Blogs

Apple Joins Conference Circuit and Hype Happens; And is Apple Pay Cash a Threat to Banks?

NFC TIMES Exclusive Insight –LAS VEGAS: Perhaps to both preserve its mystique and avoid leaks, Apple has scrupulously avoided speaking or exhibiting at trade shows and conferences over the years.

NFC Mobile Transactions Growing but Still Have a Long Way to Go in UK

NFC TIMES Exclusive Insight – While large UK processor Worldpay is exalting the growth of NFC mobile payments in the UK during the first six months of 2017, it’s important to note that NFC phone transactions still make up a small percentage of total in-store card transactions.

What are Eurosmart and SIMalliance Trying to Hide with Their Latest NFC Figures?: Low or Nonexistent Growth

NFC TIMES Exclusive – The smart card industry has seen better days. Gone are the reports of double-digit annual growth in shipments, fueled by the industry’s twin engines of SIM and EMV banking cards.

Tip Sheet: Visa’s Deadlines for Ending Support for Alternate PANs Apply Globally

NFC TIMES Exclusive – As NFC Times has reported, Visa has set precise deadlines for ending support for alternate PANs and any other form of “tokenization” that doesn’t comply with the tokenization technical framework set by EMVCo, the specifications body owned by the global networks.

Tip Sheet: Visa Relents on Alternate PANs in Taiwan, but Phase-Out Rule Stands; Will Big European Banks Comply?

NFC Times Exclusive – Visa has taken a more aggressive approach than Mastercard to ending support for alternate PANs, which it considers an impediment to its ultimate goal of converting all Visa-branded cards loaded onto smartphones and other devices to tokens complying with the EMVCo tokenization framework–preferably using its own Visa Token Service.

Tip Sheet: UnionPay Not Too Forgiving of Samsung for its Deal with Alipay

NFC Times Exclusive – As if Samsung doesn’t have enough problems, NFC Times has learned that China UnionPay is having a hard time forgiving the device maker for adding support for UnionPay rival Alipay in its Samsung Pay wallet in China.

Tip Sheet: Visa Opens Some Tokenization Tasks to Vendors but Keeps Control of Core TSP Function

NFC Times Exclusive Insight – We have terms, such as trusted service manager, or TSM, and token service provider, or TSP, to describe roles in the digital payments ec

Anderson, Lambert Keep Top Posts Under Lyons in MasterCard’s Reorganized Emerging Payments Unit

NFC Times Exclusive – The structure of MasterCard’s recently reorganized emerging payments unit is becoming clearer, with the payment scheme taking another stab at revamping the unit, which it considers key to its future growth, NFC Times has learned.

Tip Sheet: Apple Holds Line on Transaction Fee Demands in Certain Countries

NFC Times Exclusive – While Apple is believed to have offered Chinese financial institutions a price break on the cut of transaction fees it demands for participating in Apple Pay, the tech giant doesn’t appear to have extended the same offer to banks in some other countries.

Tip Sheet: Vodafone Tries Proxy Play Again, This Time with PayPal; MasterCard Executive Departs

NFC Times Exclusive – No, PayPal is not supporting NFC, contrary to what has been widely reported by the content aggregator publications the past week, as part of its announcement of a deal with Vodafone.

HEADLINE NEWS

Visa and Mastercard Hope New Online Payments Spec Will Accelerate Rollout of Tokens; U.S. Merchant Group Blasts Network Move as Anticompetitive

Apr 26 2018

NFC TIMES Exclusive Insight – Major card networks Visa and Mastercard hope a new technical framework for online transactions they are backing from their jointly owned EMVCo specifications group will help them keep more transactions on their networks, amid growing competition for mobile and other digital payments and lackluster take-up of the networks’ respective online digital wallets, Visa Checkout and Masterpass.

Second Smartwatch Supports Fitbit Pay, but Payments Service Remains Fragmented

NFC TIMES Exclusive Insight – Struggling wearables maker Fitbit on Monday began selling its second smartwatch, the Fitbit Versa, supporting its NFC-enabled Fitbit Pay service, but not all versions of the new device support NFC in the U.S.

WeChat Pay Touts Access by Merchants to Consumer Data, Messaging Channel

Apr 10 2018

NFC TIMES Exclusive Insight – Both Ant Financial and Tencent Holdings have used their hundreds of millions of users, ready access to Chinese bank accounts, billions of yuan in subsidies for merchants and consumers and protected market status in China against Western competitors to build a combined mobile payments business valued in the trillions of U.S. dollars in transactions.

Regulations Take Effect in China to Limit Risk of Static QR Codes Used by Alipay, WeChat Pay and Others

Apr 4 2018

NFC TIMES Exclusive Insight – Daily limits on QR code- and bar code-based transactions in China have taken effect–mainly hitting Ant Financial and its rival Tencent Holdings­, providers of respective digital payments services Alipay and WeChat Pay.  

Apple Pay Finally Enables Transit Ticketing in Beijing and Shanghai, but It May be Too Late to Turn Back QR Code-Based Wallets

NFC TIMES Exclusive Insight – After being beaten by rival handset makers Huawei, Xiaomi and even Samsung to the launch of NFC transit ticketing in China, Apple today finally began enabling riders in two major cities, Beijing and Shanghai, to tap to pay fares using closed-loop transit ticketing cards.

China UnionPay Seeks to Bolster Use of Brand for Mobile Payments Overseas; Will It Make a Difference?

NFC TIMES Exclusive Insight – China’s dominant bank card network, UnionPay, which is badly losing its battle for mobile payments market share among Chinese consumers to rivals Ant Financial and Tencent Holdings–both at home and abroad–is taking steps to try to gain some ground.

Japan Begins Overdue Move to Standard NFC Acceptance

NFC TIMES Exclusive Insight – Japan was the first country to roll out contactless-mobile payments–starting in 2004–but it still does not accept standard, internationally interoperable NFC payments to any real extent, unlike most developed markets.

Google Seeks to Sign Up More Merchants for Tez App in India as Competition Heats Up

Mar 21 2018

NFC TIMES Exclusive Insight – SINGAPORE: Google is seeking to sign up more small merchants and encourage more retail payments with its Tez mobile payments service in India, an app now mainly used for peer-to-peer funds transfers.

Apple Pay Could Get More Single-Tap Rewards in Next Few Months but Technology is Not Proving Easy to Roll Out

NFC TIMES Exclusive – Restaurant loyalty platform vendor Punchh could enable its delayed single-tap loyalty and rewards service with Apple Pay in the second quarter of this year at as many as six quick-service and fast-casual restaurant chains, the vendor told NFC Times.

Visa Sees Range of Use Cases for QR Code-Based Payments, as It Seeks to Address Threat from New Payments Players

NFC TIMES Exclusive – Visa, which last summer announced it would introduce QR code-based payments to Taiwan by the end of this year, has recently briefed Taiwanese bankers on the planned architecture, use cases and some other details of the technology, NFC Times has learned.

Russian Telco MegaFon Makes Play in Mobile Payments Market With Virtual Bank Cards

NFC TIMES Exclusive Insight – Russian telco MegaFon began issuing virtual Mastercard-branded bank cards yesterday, which its users can add to Apple Pay or Samsung Pay mobile wallets.