Topic “CIBC”

Samsung Takes Two-Speed Approach to Launches of Samsung Pay

NFC Times Exclusive – In line with its October promise, Samsung has launched its mobile payments service in two additional markets, Malaysia and Thailand, bringing the number of markets to 12, counting Puerto Rico. Still, in some of the markets where Samsung Pay has launched, the device maker adopted a different rollout strategy, which it calls “early access.”

Samsung Pay Launches Quietly in Canada with ‘Early-Access’ Service from One Major Bank, CIBC

NFC Times Exclusive Insight – One of Canada’s big five banks, CIBC, launched Samsung Pay this week, making its Visa-branded credit cards available as part of an “early-access” launch that Samsung itself hasn’t yet announced.

Apple Breaks Resistance of Big Five Banks in Canada; Debit Scheme Interac among TSPs to Tokenize Cards

NFC Times Exclusive Insight – Apple has cracked the big five banks in Canada, with two of the country’s largest banks, including Royal Bank of Canada, today announcing they are participating in Apple Pay, with the three others to follow.

Canadian Telcos Refuse to Give up On SIM-Based NFC, Though Many Challenges Lie Ahead

NFC Times Exclusive Insight – The head of the Canadian telco joint venture Suretap Wallet told NFC Times that this week’s launch of the telco’s new wallet service was not prompted by the expected expansion of Apple Pay into Canada later this year.

Canada’s Desjardins Expects Gradual Adoption of New SIM-Based NFC Payments; Interested in HCE

Quebec-based credit union Desjardins says that it expects gradual, or what it calls “progressive,” adoption of the SIM-based NFC mobile payments service, which it launched commercially this week, following an earlier soft launch.

Canada Sees More NFC Commercial Launches with SIMs, but Market Remains Unsettled

Jul 15 2014

NFC Times Exclusive: With its high rate of smartphone ownership, strong contactless-payment infrastructure and well-developed NFC ecosystem, Canada is increasingly seen as a market to watch for NFC commercial deployments.

Canadian Telco Joint Venture EnStream Expands TSM Offer Via BlackBerry Deal

Canadian telco joint venture EnStream has signed a new three-year deal with BlackBerry, as it expands its TSM service into provisioning secure payment applications for Canadian banks.

Another of Canada’s Major Banks Launches NFC Payments

Canada’s TD Canada Trust today announced the launch of its NFC-enabled TD Mobile Payment service, a Visa-branded credit application, which will be available on NFC SIM cards issued by all three of Canada’s major mobile operators.

Canadian Debit Scheme and Bank Demo NFC Application in BlackBerrys

Canadian debit network Interac, along with the Royal Bank of Canada, McDonald’s Restaurants of Canada and BlackBerry demonstrated what Interac billed as the first NFC-enabled debit transaction in Canada.

RIM Pushes TSM Services to Telcos in Competition with SIM Suppliers

Research In Motion continues to promote its own trusted service management service–the only handset maker to offer one–announcing Wednesday approval by Visa of the service to manage secure elements on NFC phones.

HEADLINE NEWS

Exclusive: What Tokenization Fees from Visa Might Look Like for Issuers

NFC TIMES Exclusive – While Visa has said it is waiving tokenization fees for issuers that join its commercial tokenization hub, VDEP, and use its Visa Token Service, some observers believe the network will charge the fees sooner or later.

Sony Launches Support for FeliCa Technology on HCE Devices, Though Few Handsets Available Yet

NFC TIMES Exclusive – Japan’s Sony Corp. is supporting host card emulation with its proprietary FeliCa contactless technology, which could enable service providers to avoid the need for secure elements in rolling out FeliCa-based applications on NFC phones.

Samsung Semiconductor Faces Challenges in Rolling Out Contactless-Payments Service for Wearables

NFC TIMES Exclusive Insight – Samsung Semiconductor believes there is room for yet another closed-loop payments service, one that enables consumers to pay with contactless wearables devices that carry its dual-interface chips.

Android Pay Launches in Belgium, While State-Owned Belfius Bank Takes Two-Staged Approach to Own HCE Rollout

NFC TIMES Exclusive – Two of the largest banks in Belgium have launched, or are planning to launch, HCE-based mobile payments but chose different approaches: BNP Paribas Fortis decided to first launch with Android Pay, while state-owned Belfius Bank plans to enable the service within its mobile-banking app.

Serbia's KomBank Seeks to Increase Mobile Banking Users with HCE Service

NFC TIMES Exclusive – Komercijalna banka Beograd, known as KomBank, one of Serbia’s largest banks, incorporated a host-card-emulation-based mobile payment service into its mobile banking app to increase awareness and use of the app, Slobodan Lukić, the bank's deputy director of the payment cards division told NFC Times.

Apple Pay Launches in Ireland and Gears Up in Italy; but Only One Major Bank On Board So Far in Each Country

NFC Times Exclusive Insight – Apple has expanded its mobile payments service to another small market, with its launch Tuesday in Ireland, but is preparing to launch in a much larger market, Italy.

Taiwan’s Largest Transit Ticketing Service Plans Bluetooth-Enabled Mobile Ticketing, Though Needs Regulatory Approval

NFC TIMES Exclusive – Taiwan’s EasyCard Corp., the operator of the country’s largest closed-loop transit and retail payments service, is working with a provider of Bluetooth-enabled mobile payments technology to offer customers an NFC-like experience to pay for rides and purchases in stores.

Australian Domestic Debit Network Nears Launch of Token Service Provider to Compete with Visa and Mastercard

NFC TIMES Exclusive – Australia’s largest domestic debit network, eftpos, plans to launch its overdue tokenization service commercially by the second quarter, likely serving at least one of the country’s big four banks for its HCE mobile wallet and one or more of the “Pays” wallets, such as Android Pay and possibly Apple Pay, NFC Times has learned.

Certification Issues and Legal Battle Delay Launch of Kerv Ring; Wearables Maker Says Ring Ready

NFC TIMES Exclusive – After two years addressing design, certification and legal issues, UK-based start-up Kerv Wearables says it’s finally ready to launch its NFC-enabled ring.

Exclusive: Why are Some of the Largest U.S. Merchants Balking at Supporting NFC?

NFC TIMES Exclusive – While the base of contactless point-of-sale terminals in the U.S. has grown substantially over the past two and a half years, some of the country’s largest merchants continue to resist the idea of accepting such NFC wallets as Apple Pay and Android Pay.

Exclusive: Taiwanese Banks to Pay Apple Cut of Transaction Fees on Par with U.S.

NFC TIMES Exclusive – TAIPEI, Taiwan: Apple will collect a cut of transaction fees from Taiwanese banks on credit card transactions that is around the same level as the tech giant takes from U.S. credit card issuers, when Apple Pay launches in Taiwan, expected later this month, NFC Times has learned.

Analysis: Why QR Codes are Challenging NFC to Enable Mobile Payments

NFC TIMES Exclusive – Despite the resurgence in demand for NFC technology with the launch of Apple Pay in 2014, followed by other NFC-enabled “Pays” wallets and the separate rollout of HCE technology by Google, use of QR codes for mobile payments continues to grow in popularity globally.