Topic “Apple Pay”

As Their Resistance Crumbles, Australia’s Big Four Banks have Found that Opposing Apple Pay Too Costly, Despite Tech Giant’s Fees

NFC TIMES Exclusive Insight – Another one of Australia’s big four banks, National Australia Bank, has given in to pressure from customers and has agreed to support Apple Pay.

In-Depth: Major Pays Wallets Accelerate Support for Closed-Loop Transit Ticketing

NFC TIMES Exclusive – One of the key battlegrounds for Apple, Google and Samsung as they seek more users for their respective Pays wallets is transit ticketing–with all three tech giants targeting both open-loop payments and–perhaps surprisingly–also closed-loop transit cards. (See table below).

Report: Will Deployment of Contactless EMV Cards in U.S. Drive Growth of NFC Mobile Payments? Conclusions Hard to Draw

NFC TIMES Exclusive Insight – With U.S. banks finally beginning to issue dual-interface EMV cards in significant numbers this year and more U.S. merchants accepting contactless and NFC payments, a key question becomes whether contactless card payment will help or hurt the prospects for what has generally been considered as disappointing take-up of NFC wallets.

Analysis: Apple Chips Away at Fortress Europe with Another Major Bank Planning to Join Apple Pay

By: 
Dan Balaban

NFC TIMES Exclusive Insight – With Switzerland’s No. 2 bank, Credit Suisse, expected to participate in Apple Pay, the U.S.-based tech giant continues to chip away at resistance among major European banks to joining its digital payments service.

Analysis: Apple Announces Breakthrough with Apple Card, but is It Mostly Slick Marketing?

NFC TIMES Exclusive Insight – With typical style and élan, Apple introduced its new credit card, Apple Card, at a product launch event this week, one of several new services the tech giant is counting on to provide growth as its iPhone sales slip.

Analysis: Apple’s Planned Credit Card with Goldman Sachs Unlikely to Significantly Boost Apple Pay

NFC TIMES Exclusive Insight – While Apple’s deal with Goldman Sachs to jointly roll out a new credit card this year integrated with Apple Pay and Apple’s devices made headlines Thursday, it was neither the first news of this partnership nor the first deal of its kind for Apple.

Cook Discloses Apple Pay Transactions Showing That Growth Continues, Albeit Somewhat More Slowly Than Before

NFC TIMES Exclusive Insight – Apple Tuesday reported that its digital payments service recorded more than 1.8 billion transactions globally in the tech giant’s fiscal first quarter ending in December, more than double compared with the same quarter a year earlier–though transaction growth is slowing and transactions still represent a small percentage of total card transactions.

Analysis: Commonwealth Bank’s Agreement to Support Apple Pay Could Mark Turning Point for Apple’s Bank Recruitment Efforts

NFC TIMES Exclusive Insight – With its capitulation last week to Apple and agreement to participate in the tech giant’s payments service, Australia’s largest financial institution, Commonwealth Bank–which had once vowed not to support Apple Pay–shows that Apple is making headway with major banks that had once resisted supporting the NFC wallet.

Analysis: Apple Again Touts Apple Pay Growth, While Still Not Releasing Details on Transactions

NFC TIMES Exclusive Insight – Apple again reported a tripling of transactions for its payments service, Apple Pay, during its fiscal quarter ending in September, while noting other achievements. But the growth is believed to be off of a relatively low base, and four years after launching the payments service, Apple is still not releasing detailed numbers about its transactions.

Study: Apple Pay Dominates Mobile Payments Among Debit Card Users in U.S., Though Volume Remains Low

NFC Times Exclusive Insight ­– New research shows that Apple Pay continues to dominate mobile payments services for bank cards in the U.S., although transaction volume is still low.

HEADLINE NEWS

As Their Resistance Crumbles, Australia’s Big Four Banks have Found that Opposing Apple Pay Too Costly, Despite Tech Giant’s Fees

NFC TIMES Exclusive Insight – Another one of Australia’s big four banks, National Australia Bank, has given in to pressure from customers and has agreed to support Apple Pay.

In-Depth: Ticketmaster Embraces Digital Ticketing to Cut Fraud and Improve Communication with Ticket Purchasers and Fans

NFC TIMES Exclusive Insight – U.S.-based sports and entertainment ticketing vendor Ticketmaster sees its new digital-ticketing technology–supporting bar codes and NFC–as a way to reduce fraud and stay in touch with both ticket purchasers and event attendees.

Japanese Payments Players Expand Support for QR Code-Based Payments

May 20 2019

NFC TIMES Exclusive Insight – Japan’s mobile payments market is expanding, but the talk is not about NFC payments services, such as Apple Pay, Google Pay or the pioneering FeliCa wallet services originally pushed by NTT DoCoMo and rail operator JR East.

Singapore’s Land Transport Authority to Accept Visa Cards for Fares in June

NFC TIMES Exclusive Insight – Singapore’s Land Transport Authority announced today it will begin accepting Visa-branded contactless cards to pay fares on trains and buses starting June 6, only two months after it launched its “SimplyGo” open-loop fare collection service with only Mastercard-branded cards.

Consulting Firm: Not Sure Whether Contactless Card Deployment Will Help or Hurt NFC Wallets

NFC TIMES Exclusive Insight – With U.S. banks planning to renew tens of millions of their EMV credit and debit cards this year with an added contactless interface, industry observers are naturally considering how the rollouts will affect adoption of NFC mobile wallets.

Rio de Janeiro Metro Launches Open-Loop Payments with New Visa Transit SAM

NFC TIMES Exclusive Insight – The Rio de Janeiro Metro has launched its planned open-loop payments service, one of the first Latin American transit systems to accept bank cards–in this case, Visa credit cards­–directly for payment of rides.

In-Depth: Major Pays Wallets Accelerate Support for Closed-Loop Transit Ticketing

NFC TIMES Exclusive – One of the key battlegrounds for Apple, Google and Samsung as they seek more users for their respective Pays wallets is transit ticketing–with all three tech giants targeting both open-loop payments and–perhaps surprisingly–also closed-loop transit cards. (See table below).

Report: Will Deployment of Contactless EMV Cards in U.S. Drive Growth of NFC Mobile Payments? Conclusions Hard to Draw

NFC TIMES Exclusive Insight – With U.S. banks finally beginning to issue dual-interface EMV cards in significant numbers this year and more U.S. merchants accepting contactless and NFC payments, a key question becomes whether contactless card payment will help or hurt the prospects for what has generally been considered as disappointing take-up of NFC wallets.

Half of Face-to-Face Visa Transactions Outside of U.S. Expected to be Contactless Soon

NFC TIMES Exclusive Insight – Half of all domestic face-to-face transactions with Visa-branded cards globally–outside of the U.S.–are expected to be contactless within the next two months, with Visa reporting that contactless technology is maturing in numerous countries worldwide, mainly in Europe and Asia.

Analysis: Canadians Increasingly Pay with Contactless Cards, Although Cash Continues to Play Key Role

Apr 22 2019

NFC TIMES Exclusive Insight – Contactless transactions in Canada topped 50% of all in-store card transactions for the first time ever during the first quarter of this year, said the country’s largest payments card processor, Moneris, this week.

Contactless Card Transactions Could Overtake Taps from NFC Phones ‘Quickly’ in the U.S.: Industry Veteran

Apr 23 2019

NFC TIMES Exclusive Insight – Transactions from contactless bank cards in the U.S. will “quickly surpass” those from NFC phones by the end of 2020, despite cards being rolled out much later than NFC-enabled wallets, industry veteran Randy Vanderhoof, head of the Secure Technology Alliance industry trade group and the affiliated U.S. Payments Forum, told NFC Times.

Samsung's Deal with Taiwan’s EasyCard is Latest in Global Push by Pays Wallets to Support Transit Payments

NFC Times Exclusive Insight – Samsung Pay is the first of the major NFC Pays wallets to announce it is working with Taiwan’s large closed-loop transit and retail payments service EasyCard, as it seeks to differentiate itself in a crowded and fast-growing mobile-payments market on the island nation.