Topic “JPMorgan Chase”

Analysis: Chase Pay Deal with MCX–All About Economics

NFC Times Exclusive Insight – While Chase Pay will offer merchants in the MCX consortium a potential consumer base of 94 million Chase payment card accounts and the promise of integration with their loyalty programs and offers, the essential element of the deal was the very low transaction fees Chase will charge.

Chase Pay to Challenge Payment Networks, NFC Technology

Oct 28 2015

NFC Times Exclusive Insight – LAS VEGAS, Nev.: In a surprise move, JPMorgan Chase, the largest U.S. credit and debit card issuer by payment volume, announced plans to launch its own wallet app–along with a low-cost mobile-payments service accepted by Wal-Mart Stores and other big U.S. merchants in the MCX merchant consortium.

Samsung to Launch Apple Pay Rival in Summer Using Proprietary Technology and NFC

Mar 2 2015

BARCELONA, Spain – NFC Times Exclusive Insight: Samsung Electronics has unveiled its Apple Pay rival, which it calls Samsung Pay, a mobile-payments service that, as expected, supports technology from Samsung’s recent acquisition of LoopPay combined with NFC. 

Apple to Launch Payments Service on Monday in U.S., Shuns Support for NFC in Tablets

Oct 17 2014

Apple’s new tablets, the iPad Air 2 and iPad mini 3, unveiled today, will support the Touch ID fingerprint sensor to enable users to make purchases in apps with Apple Pay, but not in stores with NFC.

UPDATED: U.S.: Isis Reports Higher Activations after Six Months, but Many Challenges Lie Ahead

Scope: 
Rollout
Status: 
In progress
Launch: 
Nov 2013
Main Application: 
Payment
Users: 
N/A

Isis launched nationwide in November following a two-city trial in Austin, Texas, and Salt Lake City, Utah, and has made NFC SIMs and Isis-ready phones available in shops of the Isis joint venture

Isis Reports Increased Wallet Activations; No Data Yet on Transactions

Activations of the Isis Mobile Wallet were up substantially in the past month, meaning more users are registering their email addresses and setting up wallet PINs after either downloading the wallet app or using a preloaded app, though Isis remains coy about how often users are actually tapping to pay six months after the wallet’s national launch.

Wells Fargo Joins Isis Mobile Wallet for Pilot

Wells Fargo bank has announced it will make a Visa credit card available in the Isis Mobile Wallet, but only as a trial phase for now.

Isis Picks Up Support from Two of its Pilot Issuers for National Rollout

While use by consumers of the Isis Mobile Wallet is believed to have been low, in general, in the pilot cities of Austin, Texas, and Salt Lake City, Utah, at least two issuers appear to be sufficiently convinced of the concept to move forward with Isis on its national rollout.

Isis Delays Two-City NFC Trial; Asserts Telco, Issuer Support Remains Strong

The Isis joint venture has disclosed it will miss its deadline for launching its much-anticipated two-city NFC trial in the U.S., blaming small problems that it says could prevent it from “getting the customer experience right.”

Paying to Play: Planned Isis Fees Rankle Some Issuers

One or more issuers are privately complaining about fees that the Isis joint venture is seeking to charge to host their payment applications in the Isis Wallet, NFC Times has learned.

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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