Topic “Richard Clemmer”

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.

NXP Reports Sequential Drop in NFC Business; Delay in Apple Pay Launch in China Blamed

NFC Times Exclusive Insight – NXP Semiconductors reported its NFC-based mobile transactions business fell in the second quarter compared with the first quarter, with CEO Rick Clemmer apparently blaming the delayed launch of Apple Pay in China, which he indicated is hurting its sales of NFC chips to Android handset makers in the country. 

NXP Reports Big Jump in NFC Sales on Shipments to Apple; Looks to China for Added Growth in NFC Business

Sales in NXP Semiconductor’s emerging ID business, which mainly includes its NFC chips, soared in the fourth quarter, growing by more than 200%, compared with the same period a year earlier, thanks mainly to the roll out of Apple Pay.

NXP Reports NFC Sales Soar on Shipments to Apple

NXP Semiconductors reported a big jump in sales from its emerging ID unit in the third quarter, thanks to shipments of NFC chips and secure elements to Apple for the tech giant’s new iPhones.

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.

NXP CEO Points to Boost in NFC Business from Design Win; Downplays HCE Threat

Netherlands-based chip supplier NXP Semiconductors reported decreased revenue for its emerging ID unit, which includes its NFC mobile transactions business, but alluded to its design win for the Samsung Galaxy S5. The company also remained optimistic about EMV and denied seeing host-card emulation as a threat.

NXP Reports ‘Slow Year’ for NFC in 2013 But Remains Optimistic About Design Wins, EMV

NXP Semiconductors, as expected, reported a slowdown in revenue growth in 2013 for NFC, but the chip maker expressed optimism that its NFC business would pick up again around the middle of 2014.

NXP Sees Second Straight Quarterly Drop in NFC Revenue; Predicts ‘Reacceleration’ in 2014

NFC Times Exclusive: NXP Semiconductors said its NFC revenue fell in the third quarter, the second straight quarterly drop, though CEO Richard Clemmer said the Netherlands-based ch

NXP Reports Lower NFC Revenue as Loss of Samsung Business Begins to Bite

NXP Semiconductors reported lower revenue from its NFC business in the second quarter compared with the first quarter, as the loss of a key customer, Samsung Electronics, begins to bite.

NXP Reports Slower Growth for NFC Chips, But Notes Market is in ‘Early Innings’

NXP Semiconductors today said sales of its NFC chips and secure elements grew by just under 3% during the first quarter compared with the previous quarter, a lower growth rate than during 2012, though CEO Richard Clemmer sounded optimistic tones about prospects for future growth.

HEADLINE NEWS

Denmark’s Largest Bank Plans to Expand Reach of Its Growing MobilePay Wallet; Continues to Favor BLE over NFC and QR Codes

NFC TIMES Exclusive –  Danske Bank’s MobilePay service in Denmark is one of the few mobile-wallet success stories globally, though on a small scale. Now the bank is planning to expand to other Nordic countries and seeks to continue to use BLE technology, not NFC, to enable the in-store piece of its mobile payments service.

Despite Launch of Three Major ‘Pays’ in Taiwan, Visa Plans to Also Support QR Code Payments on Island

NFC TIMES Exclusive Insight – Visa says it plans to support QR code-based mobile payments late next year in Taiwan–a market where all three major “Pays” wallets have launched supporting Visa-branded cards with NFC.

Apple Tag Reading Will Not be as Open as Android; Could Create Problems for User Experience Say Some Tag Experts

NFC TIMES Exclusive – While NFC tag suppliers and other NFC backers rejoiced over Apple’s recent announcement that it would support NFC tag reading with its next mobile operating system, iOS 11, early indications are that tag reading with Apple NFC devices will not be as open as with Android devices, and the user experience will not be as simple.

Apple Takes Another Small Step to Offer More Value-Added Services for Apple Pay Users

NFC TIMES Exclusive Insight – Some U.S. restaurant chains plan to integrate their white-label loyalty platform with Apple Pay by the end of the year, and the program will use the NFC interface to enable users to tap to pay and collect or redeem loyalty points with as little as one tap, NFC Times has learned.

Study: Merchants Could Boost Sales by Easing Fears Over Digital Security

NFC TIMES Exclusive Insight – A survey conducted by American Express suggests that U.S. merchants could increase their online sales by taking steps to enhance the security of customers' information.

Despite False Starts, Focus on Mobile Transit Ticketing Continues in China

NFC TIMES Exclusive ­– Chinese payments and mobile companies continue to look for ways to enable transit ticketing with smartphones, with projects in progress or expected using host card emulation, embedded secure elements and possibly even another contactless SIM from China Mobile, NFC Times has learned.

Belgium’s Belfius Bank Fully Launches HCE Mobile Payments Service

NFC TIMES Exclusive Insight – Belgium’s Belfius Bank said it signed up 25,000 users within a three-week period recently for its HCE-enabled mobile payments service that it has launched as part of its mobile-banking app.

EU Antitrust Regulators Launch In-Depth Investigation into Qualcomm’s Planned NXP Acquisition

NFC TIMES Exclusive Insight – European Union antitrust regulators have launched an in-depth review of Qualcomm’s planned $47 billion acquisition of NXP Semiconductors, the largest supplier of NFC controllers and secure elements globally.

Visa Expands Token Service Provider ‘Partner’ Program, Though Most Vendors Not Yet Integrated with VTS

NFC TIMES Exclusive Insight ­– Visa this week announced a new list of 13 “partner” companies to help it distribute and manage Visa-generated tokens, which the network giant is promoting for use in what it hopes will be large-scale rollouts of Internet of Things devices that can do payments.

Analysis: Apple Apparently Sees Need for Additional Pairing Technology with Support for NFC Tag Reading

NFC TIMES Exclusive Insight ­– Nearly three years after embracing NFC technology for mobile payments but declining to support NFC’s tag-reading mode, Apple, in a surprise move, is adding tag-reading support to its NFC-enabled devices, including the iPhone 7 series and forthcoming iPhone 8, as well as its Apple Watch.

Exclusive: Major U.S. Processors Say In-Store Transactions for Pays Wallets Remain Disappointing

NFC TIMES Exclusive – Apple Pay and the other major Pays wallets still only account for around 1% of card transactions in the U.S., three major processors told NFC Times. At least two of the processors say they haven’t seen growth in Apple Pay over at least the past year.

Alipay North America Chief Insists Company has No Plans for U.S.-Based Wallet

NFC TIMES Exclusive –  Alipay has no plans today to introduce a mobile wallet in the U.S., and is instead expanding its merchant acceptance footprint in the U.S. only to serve Chinese visitors, Souheil Badran, president of Alipay North America, told NFC Times.