HEADLINE NEWS

China Brewing Mobile-Payment Standard

The Ministry of Information Technology and Industry is looking to rally its nascent mobile payment industry around a single technology standard with the hope of cashing in on the world's largest mobile population. (TMCnet)

Consumers Union Calls for Mobile-Payment Regulations

Consumers Union, the nonprofit publisher behind Consumer Reports magazine, is calling on federal regulators to take measures guaranteeing that existing consumer protections are applied to new mobile payment solutions. (FierceMobileContent)

Contactless Loyalty Scheme Gets Boost From Deal with Acquirer

A deal between loyalty-scheme operator Zapa Technology and Ireland’s largest merchant acquirer, AIB Merchant Services, could see Zapa’s contactless stickers rolled out more widely in Ireland and also gain a foothold in the United Kingdom.

Standard Seeks to Create More Secure PIN Entry for NFC Payment

As prospects for NFC-based mobile payment heat up, banks and payment brands are left with the problem of how to secure high-value transactions.

U.S. Telco Joint Venture Now Looking for Phones, CEO

Major U.S. mobile carriers planning to launch an NFC-based payment service have been ramping up hiring and are preparing to order NFC phones, but are still looking for a CEO, sources told NFC Times.

Turkish Bank Seeks to Launch microSDs with Visa payWave

Aug 5 2010

Turkey’s Akbank is planning to launch contactless microSD cards to customers with Visa payWave onboard, which would be a first in Europe.

U.S. Mobile Operators Plan For 2011 Launch of NFC Payment

Aug 3 2010

U.S mobile carriers Verizon, AT&T and T-Mobile USA hope to launch precommercial trials of their planned mobile-payment service in the third quarter of 2011, sources told NFC Times.

NatWest Bank Drops Out of O2 Money Partnership

NatWest bank is dropping out of its O2 Money partnership with mobile operator Telefónica O2, leaving the telco looking for a new partner with which to offer prepaid payment cards and, later, NFC services in the competitive UK market, NFC Times has learned.

Hong Kong E-Payment Firm Admits Selling Customer Data

Aug 5 2010

Hong Kong's Octopus Holdings has admitted to selling its customers' personal information since January 2006 and pocketing HK$44 million (US$5.7 million) from doing so. (ZDNet Asia)

U.S. Telcos and Banks Attend Informal Meetings Convened by Fed

Aug 2 2010

While major U.S. banks and mobile operators are not apparently working together on mobile payment, they have attended meetings together convened by U.S. central bank officials, who want the parties to reach common ground on standards, infrastructure and business models.

Innovision CEO Steps Aside as Acquisition by Broadcom Moves Forward

UK-based NFC technology company Innovision announced today its CEO, David Wollen, has left the company, as the acquisition of Innovision by U.S.-based chip maker Broadcom moves forward.

Man Behind Toronto Transit's Push for 'Open Payment' Sticks to His Guns

The New York-based transit guru behind the Toronto Transit Commission's controversial move toward “open payment” says he believes the electronic fare system would cost Toronto “a small fraction” of the cost of adopting the province’s Presto smart card. (Toronto Star)

Thai Bank and Telco Involved in Follow-Up NFC M-Payment Trial

Jul 21 2010

France-based Gemalto announced it is serving as trusted service manager for what appears to be a small NFC mobile-payment trial in Thailand involving a bank and mobile operator.

Gemalto, in a press release, said Kasikornbank, one of Thailand’s largest banks, and AIS, its largest mobile operator, would launch the service this month, with about 40 targeted merchants. UPDATE: But the project appears to be a small follow-up trial from trials held by Kasikornbank and AIS last year. It will make use of the same NFC phones as used in those trials, the older Nokia 6212, which AIS apparently has in stock. A Visa payWave application would be stored on an embedded chip in the phones, just as with the earlier trials. This trial, however, likely will involve more users, perhaps more than 100.

The Gemalto announcement said selected customers could pick up their NFC phones for the service from the bank. Gemalto would personalize the payment application for Kasikornbank over the air. AIS might offer other applications. 

It's unclear why the project is targeting only 40 merchant outlets. There are more than 1,000 merchants accepting payWave from cards in Thailand, including Starbucks coffee shops and fast-food chains McDonald’s and Burger King. These merchants should also be able to accept payWave stored on NFC phones. The Gemalto release said a user interface for the service from the bank directs consumers to about 40 restaurant, entertainment and grocery outlets.

The fact customers can pick up their phones at Kasikornbank indicates the bank is the lead partner in the new project. It perhaps wants to get another NFC trial under its belt, though there are no signs yet of plans for a commercial launch by the bank. The parties began planning this trial last year, and it's also unclear why they decided to launch at this time.