Topic “Jim McCarthy”

Visa and MasterCard Change Strategy on Tokenization Fees; Observers See Gambit to Lock in Market

NFC Times Exclusive Insight – Visa maintains that its offer to waive tokenization fees for the long term is designed to simplify the connections between thousands of card issuers and such wallet providers as Google and, perhaps later, Apple, thus driving widespread rollouts of mobile-payments services.

Visa, MasterCard: Secure In-App Payments with Apple Pay a ‘Game Changer,’ but Card-Not-Present Rates Remain

NFC Times Exclusive: While the thought of more consumers tapping their phones to pay in stores is attracting the most attention with the launch of Apple Pay, it’s the prospect of users paying for purchases in mobile apps with Apple Pay that could be the real breakthrough, say representatives of Visa and MasterCard Worldwide. 

Visa Inc.’s Head of Mobile Out; Execs Possibly Sidelined, as Company Shakes Up Digital Effort

Sep 1 2013

NFC Times Exclusive: As part of an apparent shake-up at Visa Inc., Bill Gajda, head of mobile, and Jennifer Schulz, responsible for the V.me wallet, are out, while the company appears to have sidelined former head of product Jim McCarthy and put global executive Elizabeth Buse back into her former position, NFC Times has learned.

Visa and Samsung Agree to Enable Payment on NFC Embedded Chips; Deal Expected to Bypass Telcos

BARCELONA – Visa and Samsung Electronics have announced a landmark agreement that will see a Visa payWave application preloaded on the embedded secure elements in forthcoming NFC-enabled Samsung devices.

Visa’s U.S. Migration Plan for EMV Supports Contactless and NFC

Visa Inc. has announced a major new migration plan to encourage U.S. merchants to support EMV chip technology, including incentives for accepting contactless cards and NFC-phone payments.

Four Major U.S. Payment Networks to Support Isis

Jul 20 2011

The four major U.S. payment networks will work with mobile carrier joint venture Isis as it rolls out NFC-based mobile commerce in the United States, it was announced today.

Visa Names New Global Head of Product

Visa Inc. has promoted the head of its North American bank sales unit and a former IBM employee to global head of product, the top executive post overseeing innovation, including NFC and contactless payment, among many other duties.

HEADLINE NEWS

OEM Pay Services Drive Renewed Interest in NFC Transit Ticketing, Especially in China

Sep 28 2016

NFC Times Exclusive – The planned launch of NFC transit ticketing in Japan next month with Apple Pay shined the spotlight on the emergence of closed-loop NFC transit ticketing–which has been seen as a prime application for NFC phones but one that has disappointed NFC backers for years.

Analysis: Agreements with Visa, Mastercard and Earlier Deal with Discover Could Help PayPal Reverse Years of Failures at Physical Point of Sale

NFC Times Exclusive Insight – Agreements that were announced with Visa, Discover and, last week, Mastercard may finally help PayPal reverse years of failed attempts to enable customers to pay with its PayPal Wallet in stores.

Analysis: FeliCa Mobile Payment and Ticketing Nothing New in Japan, as Apple Strains for Apple Pay Developments to Spotlight

NFC Times Exclusive Insight – Apple Wednesday confirmed that its new iPhone 7 smartphones and second-generation Apple Watch will support Sony’s proprietary FeliCa technology in Japan, as earlier reported, enabling transit and retail payments when Apple Pay launches in Japan next month. The tech giant will also expand Apple Pay into New Zealand and Russia this year, though was able to announce only one issuer so far between the two countries.

MeaWallet Makes Transition from TSM to HCE Supplier but Challenges, including Lawsuit, Remain

Sep 8 2016

NFC Times Exclusive Insight – Rising from a failed TSM and wallet provider, Norway-based MeaWallet has transformed itself into a certified supplier of host card emulation technology, now part of Sweden-based Seamless Distribution.

Huawei and Xiaomi Sign Up More Banks and Transit Agencies for ‘Pays’ Services in China

NFC Times Excusive Insight – China’s mobile payments market continues to heat up, with Chinese smartphone makers Huawei and Xiaomi announcing lineups of major banks as well as transit agencies participating in their respective NFC-based ‘Pays’ services.

Apple Refuses to Open NFC Technology; Contends Australian Banks Want to Boost Own Wallets

NFC Times Exclusive Insight – Apple vowed it will not agree to open up its NFC technology or yield to other negotiating points that four large Australian banks have raised as part of their request to antitrust regulators to negotiate collectively with Apple and to boycott participation in Apple Pay while the negotiations are going on.

Source: Apple Plans to Support FeliCa and NFC in Japan, Like Other OEMs, but Not Necessarily Apple Pay Yet

Aug 26 2016

NFC Times Exclusive Insight – Apple plans to support proprietary FeliCa technology as well as NFC in its iPhones sold in Japan like other handset makers in Japan have been doing since 2012, probably starting with the iPhone 7; but the tech giant won’t necessarily introduce Apple Pay with the device, a source told NFC Times.

Analysis: Samsung Marks One-Year Anniversary of Payments Service by Touting 100 Million Transactions but Still has Much to Prove

NFC Times Exclusive Insight – Twelve months after launch, Samsung Pay is available in seven countries and eight total markets with users having made a combined 100 million or so transactions over the past year, but the tech giant is not disclosing its total number of users.

Australian Retail Giant Coles, Merchant Group Support Banks' Fight Against Apple

NFC Times Exclusive Insight – One of Australia's largest supermarket chain, Coles, and the Australian Retailers Association have thrown their support behind four major banks seeking permission from Australian antitrust regulators to negotiate as a bloc with Apple as they try to break what they see as the tech giant's divide-and-conquer strategy for recruiting banks for Apple Pay.

Visa, Mastercard Set Deadlines for Ending Support for Alternate PANs

NFC Times Exclusive – Both Visa and Mastercard have set deadlines for ending support for alternate PANs that a number of banks are issuing for their mobile payments apps, as the schemes continue to push their own tokenization services to issuers, NFC Times has learned.

Xiaomi's Mi Pay Joins Crowded ‘OEM Pay’ Market in China, as Device Maker Seeks to Slow Slide in Sales

NFC Times Exclusive Insight – Adding mobile payments capabilities to flagship smartphones appears to be a must-have feature as OEMs fight for market share in China’s hotly contested phone market.

OTI Continues to Cut Costs and Position Itself for Growth, but Won’t Project When It Will Finally Turn Profit

NFC Times Exclusive Insight – Contactless reader and NFC vendor On Track Innovations reported lower expenses and says it has positioned itself to earn more revenue from services in addition to its reader sales and possible NFC patent income–all in hopes of making the company profitable for the first time in its history. The question of when that will happen remains unanswered, however, and OTI doesn’t provide guidance.

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