Telefónica (O2) Germany has announced it will launch its NFC-enabled O2 Wallet in mid-February, beginning as a “friendly user test” on two Android smartphones that will enable users to tap to make purchases with the telco’s own payments service, mpass.
In buying out its joint venture partner Nokia, German smart card maker Giesecke & Devrient said it remains committed to the trusted service management business, despite delays in rollouts of Near Field Communication services.
More than three-quarters of participants said they would use contactless service on their mobile phones if it were available, according to surveys organizers conducted. About 90% of the 500 trial participants expressed satisfaction with NFC technology, according to O2. About two-thirds of users said they found tapping the phones more convenient than using Oyster cards and about 22% said they increased their number of trips on London’s subway trains. In all, users tapped their phones for 50,000 trips on the London Underground during the trial. About 87% of respondents said the availability of the Oyster service would influence their choice of mobile phones. And while more than two-thirds of users said they would like to have the Barclaycard application on their phones in the future, only 47% said this would influence their choice of phones. Neither O2 nor Barclaycard released the number of retail transactions trial users conducted with the phones.
* Trusted Service Manager: Defined loosely to include companies or other organizations securely distributing, provisioning and managing applications, generally over the air, on secure elements in NFC mobile phones; or licensing their platforms for this purpose.
N/A: Not available or not applicable.
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.
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.
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 Taiwan–with 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.
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.
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.
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.
NFC Times Exclusive Insight – ANZ is the first bank in Australia to launch with Apple Pay, with Apple able to crack into the big four banks, which had been balking at signing up for the payments service mainly because of Apple’s demands for transaction fees.
NFC Times Exclusive Insight – Chinese smartphone maker Xiaomi is the latest OEM to announce plans to join the “Pays” club, working with payments network China UnionPay to launch an NFC-enabled mobile payments service in China, although giving no details on a launch date or participating banks.
NFC Times Exclusive Insight –It is perhaps a measure of just how big of a hit SIM suppliers took from the closing of the Softcard wallet in the U.S. early last year that their SIMalliance vendor trade group is refusing to release NFC SIM shipment figures publicly for either the North American market or globally for 2015.
NFC Times Exclusive –Few industry sources agree on the size of the contactless-acceptance footprint in the U.S. that enables merchants to accept Apple Pay and other NFC-enabled wallets; but one thing most of them do agree on is that contactless acceptance is not sufficient to support any kind of significant adoption of the wallets.
NFC Times Exclusive Insight –Germany-based Giesecke & Devrient turned around its financial results in 2015, including its money-losing banking and SIM card unit, thanks mainly to restructuring and higher shipments of EMV bank cards to China and the U.S., the privately held company disclosed Tuesday.