Topic “Michael Abbott”

Softcard Cuts Jobs, Restructures, in Sign that Telco Owners are Losing Patience with Joint Venture

NFC Times Exclusive Insight – Softcard’s jobs cuts are more severe than earlier reported, and the layoffs are a sign that the mobile carriers making up the joint venture have rejected a 2015 budget proposed by management of the struggling NFC wallet, NFC Times has learned.

Softcard Touts Rewards to Increase Wallet Activations; Insists it Will Support Wallet on iPhone SIMs

LAS VEGAS, Nev. – Softcard CEO Michael Abbott was selling the value of rewards in the telco-owned mobile wallet today during a keynote address at the Money 2020 conference in Las Vegas.

Softcard Hopes to Quiet Critics in Announcing Support From Major Fast-Food Chain

Just when many industry observers were counting Softcard out in the wake of Apple’s announcement of Apple Pay, the mobile carrier joint venture formerly known as Isis today announced a deal with its biggest merchant to date, the Subway sandwich fast-food chain.

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.

Isis Provides Peek at New Wallet; Offers Simplified Interface for National Launch

NFC Times Exclusive: As it prepares to launch its national rollout, the Isis joint venture seeks to simplify the user interface for consumers to conduct payments and redeem offers and rewards with the second version of its mobile wallet.

Isis Names First Three Banking Issuers; Keeps Focus on Soft Launch

BARCELONA – Isis, as expected, has named the first three banks planning to issue payment applications for its Isis Mobile Wallet, JPMorgan Chase, Capital One and Barclaycard US.

Isis

Headquarters: 
United States

The Isis joint venture, formed by AT&T, Verizon Wireless and T-Mobile USA, seeks to use the combined market clout of three major U.S. mobile carriers to roll out NFC phones and services.

Isis Confirms Second NFC Pilot City

Jun 22 2011

Isis chief executive Michael Abbott has confirmed that the second pilot city for the U.S. mobile carrier joint venture will be Austin, Texas.

U.S. Mobile Operators Reportedly to Announce Joint Venture, CEO

An announcement by major U.S. mobile carriers of their joint venture to launch NFC-based mobile payment and other services, including the naming of a CEO, is imminent, according to sources and news reports.

Isis Provides Peek at New Wallet Design; Offers Simplified Interface for National Launch

NFC Times Exclusive: As it prepares to launch its national rollout, the Isis joint venture seeks to simplify the user interface for consumers to conduct payments and redeem offers and rewards with the second version of its mobile wallet.

HEADLINE NEWS

Taiwan Regulators Express Doubts about Use of BLE for Top Transit E-Purse; Apple Rejects Purse for Wallet

NFC TIMES Exclusive – TAIPEI, Taiwan: EasyCard Corp., which runs the largest closed-loop transit and retail payments service in Taiwan, is seeking to become the first major transit fare-collection system globally to roll out Bluetooth-based mobile ticketing. But Taiwan’s strict financial regulator still has doubts about the security of the technology.

MediaTek Using NFC Technology from STMicroelectronics, Though Extent of Deal Not Disclosed

NFC TIMES Exclusive Insight ­– In what may be a response to the proposed tie-up between Qualcomm and NXP Semiconductors, STMicroelectronics has announced that it is “cooperating” with Taiwan-based MediaTek, the No. 2 supplier of processor chips for smartphones, to integrate its NFC technology into MediaTek reference designs.

Singapore Latest Country Pushing National QR Code Specification

NFC TIMES Exclusive Insight – Singapore is the latest country developing a national specification for QR code-based payments, seeking to reduce fragmentation of various QR code-based schemes.

Another Wearables Maker Enters ‘Pays’ Market with NFC-Enabled Device

NFC TIMES Exclusive Insight – U.S.-based device maker Garmin is the latest company to introduce an NFC-based mobile payments service in a smartwatch, today unveiling its “Garmin Pay” service for its forthcoming vívoactive 3 watch.

Struggling Fitness Band Maker Fitbit Announces Plans for NFC Payments Service with New Smartwatch

NFC TIMES Exclusive Insight – Struggling U.S.-based fitness band maker Fitbit announced today it will introduce an NFC-based payments service, “Fitbit Pay,” after it launches its first-ever smartwatch, the Ionic, promising to enable major issuers in more than 10 markets globally to offer contactless payments supporting the Visa, Mastercard and American Express brands.

Visa Ready Program May Not be Quite Ready for Tokenization Partners

Sep 15 2017

NFC TIMES Exclusive – The Visa Ready program, Visa’s effort to get new digital payments services to the market sooner by giving vendors a fast-track route for their products and technologies to be certified, may not be quite ready–at least as far as Visa’s tokenization partner program is concerned

NFC Transit Ticketing Rolled Out–Likely with HCE–on Beijing Subway System Following Large Pilot

NFC TIMES Exclusive Insight – The Beijing Subway and Beijing’s public transport payments company Yikatong Monday launched what appears to be an HCE-enabled mobile payments system on the entire metro system after piloting the service earlier this summer on one line.

Wal-Mart Starts to Expand ‘Scan & Go’ App; Experience Does Not Seek to Mimic Amazon Go Concept

NFC TIMES Exclusive Insight – Wal-Mart Stores has introduced a “Scan & Go” mobile-shopping and payments app for a limited number of its regular stores in five U.S. states, and said it plans to roll out the service more widely. It follows the launch last year of a very similar app for its warehouse store chain, Sam’s Club, as NFC Times has reported.

Alipay to Expand Acceptance of Mobile Wallet in Russia

NFC TIMES Exclusive Insight – Alipay is expanding acceptance in another overseas market, Russia, seeking to capture business from Chinese tourists who travel to the country.

Parties Could Settle Lawsuits Stemming from Dispute over Apple Value-Added Services Software

NFC TIMES Exclusive –  Software that enables consumers to tap to pay and earn or redeem rewards and other value-added services with Apple Pay is at the center of a legal dispute between Israel-based NFC and contactless reader vendor On Track Innovations and USA Technologies, a provider of payment technology for vending machines and other self-service retail locations.

Apple Discloses Plans for Four More Apple Pay Markets; Confirms Most Transactions Outside of U.S.

NFC TIMES Exclusive Insight – Apple Tuesday disclosed plans to launch its mobile payments service in four more small markets, including three countries in the Nordics, with the tech giant seeing higher usage of Apple Pay outside of the U.S., where NFC-enabled POS terminals are still not widely available.

Major Networks Seek to Capture–and Protect–Transactions by Introducing Global QR Code Specifications

NFC TIMES Exclusive Insight – Major payments networks, including Visa, Mastercard and China UnionPay, have released global specifications for QR code-based payments through their EMVCo joint venture because they see an opportunity to capture more transactions–and also a risk of losing transactions if they don’t support the technology globally.