Topic “LG Electronics”

LG Confirms Delay in Launch of Mobile Payments Service

NFC Times Exclusive – A source at LG Electronics has confirmed to NFC Times that the smartphone maker has decided to push back the launch of LG Pay from next week in order to focus on the launch of its next flagship phone, the G5. It’s possible the OEM will not launch until the second half of 2016.

Analysis: Business Model for ‘OEM Pay’–Sell More Devices

Feb 4 2016

NFC Times Exclusive Insight – While LG Electronics has released few details about its planned payments service, LG Pay, or even revealed the technology it will use, there seems to be little doubt about its business model: LG believes it needs an additional payments feature to keep its devices competitive with rivals Apple, Samsung and other smartphone OEMs that might launch payments services.

LG Licenses NFC Patents from Inside Despite NXP Suit Calling Patents Invalid

Aug 19 2014

LG Electronics has signed a global licensing deal for NFC technology patents from Inside Secure, an initial win for Inside and its strategy to try to cash in on its NFC IP.

NXP Reports Higher NFC Sales, Offers No Hints on NFC-Enabled iPhone

Jul 30 2014

NXP Semiconductors said sales in its emerging ID business–mainly made up of its NFC chips–increased by 22% in the second quarter, compared with the first quarter, and CEO Richard Clemmer insisted the chip maker’s secure element business would continue to remain a strong contributor.

Consumer Electronics Makers Continue to Tap NFC Technology for Pairing and Other Connectivity

Continuing last year’s trend for an increased role for NFC in consumer electronics, manufacturers introduced NFC-enabled devices ranging from speakers to home-lighting systems at last week’s International Consumer Electronics Show in Las Vegas.

Samsung Splits Supply Contracts for NFC Chips for Galaxy Note 3 Between Broadcom and NXP

NFC Times Exclusive: Samsung Electronics has split the NFC chip supply contracts for its new Galaxy Note 3, possibly the first major NFC device that has multiple chip suppliers, NFC Times has learned.

Sony Sees Demand Soar for NFC Tags in 'One-touch' Consumer Electronics Devices

Japan’s Sony Corp. is producing millions of NFC tags for the company’s consumer electronics devices and accessories, following the introduction by Sony of its NFC-based One-touch connectivity feature, a representative told NFC Times.

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.

More Consumer Electronics to Incorporate NFC for Connectivity This Year

By: 
Dan Balaban

LAS VEGAS, Nev. – NFC technology this year is likely to make its way into a greater variety of consumer products, including televisions, DVD players, digital cameras, even an automatic vacuum cleaner, if demonstrations at last week’s International Consumer Electronics Show in Las Vegas are any indication.

Google Drops NXP in Favor of Broadcom for NFC Stack, Latest Nexus Devices

Nov 19 2012

Google has chosen U.S.-based Broadcom as its NFC chip supplier for its new Nexus 4 smartphone and Nexus 10 tablet and has incorporated Broadcom’s NFC software stack in its new Android 4.2 operating system running on the devices.

HEADLINE NEWS

Samsung Pay Launches in Spain and Australia Won't Support MST for Bank Payment, but Singapore Will

Jun 15 2016

UPDATED: NFC Times Exclusive Insight – Following the launch of Samsung Pay in South Korea, the U.S., and China, Samsung’s launches of its mobile payments service in two new markets, Spain and Australia, both contactless and EMV payments hot spots, will not support the device maker's proprietary Magnetic Secure Transmission technology, which is designed to make nearly all mag-stripe POS terminals potential acceptance points, NFC Times has learned. But in Singapore, Samsung Pay is expected to support MST technology.

Seamless Turns to HCE and Proxy-Card Architecture to Boost Its Acceptance Network Worldwide

NFC Times Exclusive – Sweden-based Seamless Distribution told NFC Times it will use a proxy-card architecture, along with host card emulation, to enable NFC payments from its SEQR mobile wallet, a move the company hopes will help it greatly expand the acceptance network for its wallet.

Wells Fargo Seeks to Streamline Enrollment and Set Up of Mobile Payments with Planned HCE App

NFC Times Exclusive Insight –  Wells Fargo’s announcement this week that it plans to launch mobile payments from its own app this summer using host card emulation technology would make it the second major U.S. issuer to offer HCE-enabled service from its own Android app, following Capital One, though Wells Fargo plans to make the payments service part of its mobile-banking app.

Samsung Seeks to Fulfill Promise of Widespread Acceptance of Samsung Pay; Terminal Upgrades Will be Needed

NFC Times Exclusive – Certain point-of-sale terminals from a variety of device manufacturers aren’t yet compatible with Samsung’s proprietary Magnetic Secure Transmission technology, with Samsung Electronics’ promise of universal acceptance of Samsung Pay at card-accepting merchant locations still apparently a far-off target.

With Alipay Deal, Samsung Seeks to Outflank Apple and Other Providers of NFC-Only Wallets in China

NFC Times Exclusive Insight – In an effort to deliver on the promise of a "true mobile wallet" and, of course, boost its flagging smartphone market share in China, Samsung has struck a deal with Alibaba affiliate Ant Financial Services to enable the Alipay QR code-based payments service in China through Samsung Pay.

Barclays: No Plans to Support Android Pay or Samsung Pay; Sees Own HCE Apps as Only Android Payments Option Needed

NFC Times Exclusive Insight – Barclays has no current plans to support Google’s Android Pay service or Samsung Pay because by adding the Contactless Mobile functionality to the Barclays Mobile Banking app, the company “removed the need to do something else,” a Barclays spokeswoman confirmed to NFC Times.

OTI Takes Steps to Reach Profitability, But Remains Mum on Guidance

NFC Times Exclusive Insight – On Track Innovations CEO Shlomi Cohen sought to reassure investors that the company he took over nine months ago is more competitive and is moving toward profitability, though he declines to predict when it will turn its first yearly profit since its founding in 1990.

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.

Officials Seek to Welcome Apple Pay and Other ‘Pays’ to Taiwan; but Call on Visa to Create Level Playing Field for TSPs

May 6 2016

NFC Times Exclusive Insight – The issue over availability of tokenization services and whether the major global networks, such as Visa, are allowing for a level playing field among token service providers has reached Taiwanwith a former prime minister and chief banking regulator weighing in on the topic–as Taiwanese officials decide how best to expedite the arrival of such mobile payments services as Apple Pay, Samsung Pay and Android Pay.

NXP Semiconductors CEO Still Sees Transit Fare Collection as Main NFC Growth Engine in China

NFC Times Exclusive Insight – Despite providing the NFC technology for three “OEM Pays” that have launched in China or which are scheduled to do so, NXP Semiconductors CEO Richard Clemmer still says he sees transit fare collection as the main opportunity going forward for the chip maker’s NFC technology in China.

Yandex.Money Uses HCE to Enable NFC Payments in Russia

NFC Times Exclusive insight – Yandex.Money, sometimes called the “Russian PayPal,” is using host card emulation for its new NFC-enabled payments service, a Yandex.Money representative told NFC Times. PayPal earlier told NFC Times it also plans to use HCE for its app in the U.S.

Networks Continue to Dominate Tokenization as Vendors Wait for Token Service Provider Specs

May 10 2016

NFC Times Exclusive – More than two years after EMVCo released its tokenization guidelines, there are still few token service providers operating besides those of the major payments networks, and there are no specifications yet from top networks Visa and MasterCard to help vendors to tokenize cards supporting their brands.