Topic “PayPal”

PayPal Doing NFC Trials, but Says It Will Not Rely Solely on NFC Technology

NFC Times Exclusive Insight – PayPal is trialing NFC mobile payments, CEO-designee Dan Schulman said during eBay’s first quarter earnings call, but the company continues to be cautious about embracing NFC.

Toys “R” Us Representative Releases Figure for Isis Transactions

U.S.-based retailer Toys “R” Us, one of the few large national merchants to fully support the Isis Wallet so far, has released a figure on Isis transactions for the three months following Isis’ nationwide launch in November.

Samsung’s New Flagship Supports NFC, as Expected, Along with Fingerprint Sensor Securing PayPal

BARCELONA, Spain – Samsung Electronics today unveiled its fifth-generation Galaxy S flagship smartphone, the Galaxy S5, which will support NFC, as expected, and also feature a fingerprint sensor in the home button that can secure mobile payments. PayPal has announced it will be the first payments company to support the fingerprint authentication feature on the device.

Google Wallet Chief Bedier Departs Company as Wallet Continues to Struggle

May 13 2013

Google’s vice president of wallet and payments has left the company, following a difficult tenure for the former PayPal executive, who had tried to establish the Google Wallet for physical world payments and offers.

PayPal: Google at Disadvantage in Rolling Out Mobile Wallet

PayPal has an advantage over another big Internet player, Google, in rolling out payments at the physical point of sale because it already has tens of millions of payments customers on file with billions in their accounts “ready to spend,” contends Don Kingsborough, PayPal’s vice president for retail and prepaid products.

Turkcell to Expand Mobile Wallet to non-NFC Payments after ‘Slow’ NFC Adoption

Oct 9 2012

Turkish mobile operator Turkcell, one of the first telcos to commercially launch NFC, is introducing a new mobile wallet that includes a PayPal-like service enabling consumers to pay for purchases by entering their phone numbers on point-of-sale terminals.

Gemalto CEO: Google Wallet 2.0 Won’t Hurt TSM Business

Google’s new cloud-based wallet will not hurt demand for trusted service management services, contends Gemalto CEO Olivier Piou, who also said he sees little threat to NFC rollouts from such cloud-based mobile-payment services as those planned by Square and PayPal.

VeriFone, Equinox Announce Deal with PayPal for POS Terminal Support; NFC Possible Later

May 24 2012

Point-of-sale terminal supplier VeriFone is the second major POS terminal vendor to announce a deal to support PayPal’s in-store payment system in its devices.

Report: Google and PayPal Challenge UK Joint Venture Plans

Google and PayPal have reportedly expressed concerns to European antitrust regulators, saying they fear that if major UK mobile operators are allowed to form their proposed NFC mobile-commerce joint venture, they would have too much power to control secure elements in NFC phones, the Financial Times reported Sunday.

Brazilian Company Launches NFC P2P Payments with Nokia App

Brazilian online payments company PagSeguro along with Nokia has launched an NFC peer-to-peer payment service enabling users to pay small merchants and transfer money to friends using Nokia smartphones.


NFC No Longer in a Starring Role at Identiv?

NFC Times Exclusive Insight – The new leadership at U.S-based Identiv focused primarily on its premises and identity products, particularly its new partnerships with Cisco, and mentioned its transponder business only briefly, without direct reference to NFC, in its most recent earnings call.

OTI Share Price Falls After Disappointing Q3 Earnings Report

NFC Times Exclusive Insight – Three months after new CEO Shlomi Cohen took the reins, Israel-based NFC and contactless vendor On Track Innovations reported a 31% sequential drop in revenue and a continued slump in contactless point-of-sale reader sales for the third quarter.

EMVCo Promises Token Service Provider Registry This Year; Without it, Third Party TSPs Can’t Fully Compete with Schemes

Nov 17 2015

NFC Times Exclusive Insight – EMVCo, the commercial standards organization owned by the world’s largest payment networks, has promised to have its registration process for token service providers ready by the end of the year. Until then, even EMVCo acknowledges that it is more difficult for third-party suppliers to offer tokenization under its specifications–a market that the major payments networks that own EMVCo now dominate in the early going.

MasterCard Licenses HCE Technology for On-Behalf-Of Service in Europe

NFC Times Exclusive Insight – MasterCard’s Poland-based payment transaction processor, Trevica, has licensed host card emulation technology from Turkey-based Cardtek in order to provide a managed HCE service to banks it serves in Europe.

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.

After False Start, NXP Adds Wearables as Target for Embedded Chip Loader Service

NFC Times Exclusive Insight – NXP Semiconductors will take another crack at rolling out its “loader service,” which seeks to make it easier for service providers to load payment and other applications on the chip maker’s embedded secure elements by managing keys on the chip.

RBC Drops All Support for NFC SIMs in Favor of HCE; SIMs Created Too Much ‘Friction,’ Says Bank

NFC Times Exclusive Insight – It looked like a promising compromise at the time, when Royal Bank of Canada launched RBC Secure Cloud in January of 2014–a hybrid approach to NFC payments that combined cloud with SIMs, storing a small applet on SIM cards.

NXP Semiconductors Finds Apple Pay Business a Tough Act to Follow

NFC Times Exclusive Insight – Apple Pay is proving to be a tough act to follow for NXP Semiconductors, with the Netherlands-based chip maker projecting lower sales next quarter for the business unit that includes its NFC chips, as part of an overall revenue decline for the vendor, which NXP largely blames on the Chinese market.

Deal with AmEx Highlights Continued Problems Frustrating Apple as It Seeks to Expand Apple Pay

NFC Times Exclusive Insight – Apple’s announcement of its expansion of Apple Pay to five more markets, including Australia and Canada this year, with only one major issuer– American Express–underscores the problems the tech giant is having in signing up banks for the overseas expansion of its mobile-payments service.

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.

While Competition Heats Up Among HCE Vendors, Published Certification Lists Remain Thin on the Ground

Nov 6 2015

NFC Times Exclusive – MasterCard has released its first list of certified vendors for host card emulation products supporting its cloud-based payments specifications, though the list includes relatively few suppliers so far. Meanwhile, neither Visa nor MasterCard has apparently certified tokenization suppliers.

Researcher: Apple Bungled Apple Pay Launch from Merchant Acceptance Standpoint

Oct 22 2015

NFC Times Exclusive –  Apple mishandled its rollout of Apple Pay from the standpoint of merchant acceptance, according to a principal with the payments service practice of research firm Phoenix Marketing International, who said a significant percentage of consumers have told the firm they are having trouble finding places to tap their iPhones to pay, along with experiencing other “checkout issues.”