HEADLINE NEWS

China Brewing Mobile-Payment Standard

The Ministry of Information Technology and Industry is looking to rally its nascent mobile payment industry around a single technology standard with the hope of cashing in on the world's largest mobile population. (TMCnet)

Consumers Union Calls for Mobile-Payment Regulations

Consumers Union, the nonprofit publisher behind Consumer Reports magazine, is calling on federal regulators to take measures guaranteeing that existing consumer protections are applied to new mobile payment solutions. (FierceMobileContent)

Contactless Loyalty Scheme Gets Boost From Deal with Acquirer

A deal between loyalty-scheme operator Zapa Technology and Ireland’s largest merchant acquirer, AIB Merchant Services, could see Zapa’s contactless stickers rolled out more widely in Ireland and also gain a foothold in the United Kingdom.

Standard Seeks to Create More Secure PIN Entry for NFC Payment

As prospects for NFC-based mobile payment heat up, banks and payment brands are left with the problem of how to secure high-value transactions.

U.S. Telco Joint Venture Now Looking for Phones, CEO

Major U.S. mobile carriers planning to launch an NFC-based payment service have been ramping up hiring and are preparing to order NFC phones, but are still looking for a CEO, sources told NFC Times.

Turkish Bank Seeks to Launch microSDs with Visa payWave

Aug 5 2010

Turkey’s Akbank is planning to launch contactless microSD cards to customers with Visa payWave onboard, which would be a first in Europe.

U.S. Mobile Operators Plan For 2011 Launch of NFC Payment

Aug 3 2010

U.S mobile carriers Verizon, AT&T and T-Mobile USA hope to launch precommercial trials of their planned mobile-payment service in the third quarter of 2011, sources told NFC Times.

NatWest Bank Drops Out of O2 Money Partnership

NatWest bank is dropping out of its O2 Money partnership with mobile operator Telefónica O2, leaving the telco looking for a new partner with which to offer prepaid payment cards and, later, NFC services in the competitive UK market, NFC Times has learned.

Hong Kong E-Payment Firm Admits Selling Customer Data

Aug 5 2010

Hong Kong's Octopus Holdings has admitted to selling its customers' personal information since January 2006 and pocketing HK$44 million (US$5.7 million) from doing so. (ZDNet Asia)

U.S. Telcos and Banks Attend Informal Meetings Convened by Fed

Aug 2 2010

While major U.S. banks and mobile operators are not apparently working together on mobile payment, they have attended meetings together convened by U.S. central bank officials, who want the parties to reach common ground on standards, infrastructure and business models.

Innovision CEO Steps Aside as Acquisition by Broadcom Moves Forward

UK-based NFC technology company Innovision announced today its CEO, David Wollen, has left the company, as the acquisition of Innovision by U.S.-based chip maker Broadcom moves forward.

Man Behind Toronto Transit's Push for 'Open Payment' Sticks to His Guns

The New York-based transit guru behind the Toronto Transit Commission's controversial move toward “open payment” says he believes the electronic fare system would cost Toronto “a small fraction” of the cost of adopting the province’s Presto smart card. (Toronto Star)

Times Call For A New NFC Publication

After consumer electronics giants Philips Electronics and Sony Corp. announced the launch of Near Field Communication technology in 2002, the industry watched as NFC’s market prospects gradually descended from hype to hope, then disappointment to disillusionment.

What appeared to be a simple and compelling idea–consumers touching their phones to pay for coffee, ride the bus, download coupons or pass information to friends–has proved unexpectedly complex to bring to market. The massive rollouts of NFC, it seems, are always three years off; phones supporting the technology always scarce.

But the investment in NFC has continued and so have the trials. Now some major players appear poised to move.

For example, in France, major mobile operators and banks, along with a number of other service providers, are preparing for a dress rehearsal this spring for an intended national launch in 2011. In the UK, major telcos and banks are gearing up for commercial launches well ahead of the 2012 “contactless Olympics" in London, while one of the largest transit operators in the world, Transport for London, has made it no secret it wants to have riders tapping NFC phones to cover fares by the end of 2010.

Elsewhere, in the U.S., NFC and other contactless-mobile launches are in the planning stages. And the technology is beginning to gather steam in Asia, as well. Later this year in China, mobile operators plan to showcase mobile ticketing and payment for the World Expo in Shanghai, including a large rollout of specially made contactless SIMs being issued by giant telco China Mobile. Over in Japan, there seems little question that telcos will move the world’s largest base of contactless-mobile payment and ticketing from strictly proprietary technology to NFC over the next few years.  

And then there is Apple. If Steve Jobs blesses NFC technology by putting it in the fourth-generation iPhone in the summer as expected–even just to simplify syncing of Apple devices–other phone makers and mobile operators are sure to follow with NFC introductions of their own.

Meanwhile, contactless stickers, microSD cards and other peripherals are starting to appear to fill the gap until NFC phones arrive. And high-end contactless cards continue their slow, inexorable spread across North America and to a lesser extent, Europe, while contactless hotspots in Asia expand.
 
But a nascent industry like this one needs a reliable and independent source of information. It needs a publication determined to set the agenda for coverage, not wait to be spoon-fed press releases and talking points. It needs a publication that will highlight successes, but also ask the tough questions when project launches or product introductions don’t turn out as planned.

NFC Times will be that publication. Produced by real journalists, NFC Times will offer exclusive news, analysis and commentary on NFC, contactless cards and related technology.

Here you will find a searchable database and interactive map plotted with more than 100 NFC and contactless-mobile trials and rollouts dating from 2003. This never-before-assembled database includes all the important uses of the technology–with facts and figures, context and commentary, on each project. The database will grow in step with the market.

You will also find profiles on a number of important industry players and suppliers, taking an unvarnished look at their NFC and related contactless activities and strategy. The profiles will also provide links to major projects along with key personnel and data. The list of profiles, too, will continue to grow.

But NFC Times will be anchored by news and analysis you won’t find anywhere else, delivered to you via this Web site, by free e-mail updates you can register for here and later by a subscription-based newsletter and premium Web content that will feature in-depth stories and data. We’ll complement this with other important news stories and commentary from external sites.

All this will give you the most complete source of information on NFC and related contactless technology available anywhere. The Times call for a new publication covering this industry, and NFC Times answers that call.  

February 2010