Friday , July 20, 2018

Near-Field Communication (NFC)

Once They Use It, Consumers Favor NFC Over QR Codes, NFC Forum Survey Says

More consumers are satisfied using near-field communications (NFC) technology with their smart phones than express the same satisfaction using Quick Response codes, finds a survey by Strategy Analytics Inc., a Boston-based consulting firm. In the survey, commissioned by NFC advocate group NFC Forum, 76% of consumers said they were satisfied …

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Retailers Rank Security As Top Concern, While More Than One-Third Plan to Add NFC

Payments security is the top concern of retailers in 2015, finds a Boston Retail Partners report. This comes as retailers contend with increased scrutiny of their data-protection practices and a sweeping transformation of the U.S. payment card system. In the survey of more than 500 retailers, 63% cited payment security …

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COMMENTARY: Ignore the Naysayers! Here’s Why Apple Pay Will Be a Winner

Here’s a resolution that the payments industry should consider: Stop doubting market capabilities and start anticipating currents within the technological wave. With the unveiling of Apple Pay, naysayers are already coming out in full force. However, I’ve spent considerable time in the card-not-present environment, giving me a unique perspective on …

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As Apple Closes in on Samsung, the Rivals Get Set to Lock Horns in M-Payments

With Apple Inc.’s record results in the fourth quarter, the computer giant appears to be closing in on long-time rival Samsung for dominance in the crucial worldwide smart-phone market. Meanwhile, Samsung is working to catch up with Apple Pay, the highly publicized mobile-payments service Apple launched in October. For now, …

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Inexperience Plus Product Restrictions Likely Killed Amazon Wallet, Analysts Say

The newness of mobile payments likely was a contributing factor to Amazon.com Inc.’s decision this week to pull the plug on its six-month-old Amazon Wallet. That’s the theory suggested by Brian Kilcourse, managing partner at RSR Research LLC, a Miami-based retail advisory firm. Amazon.com launched Amazon Wallet in July, selling …

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Banks and Credit Unions Continue To Sign Up for Apple Pay

The number of banks and credit unions that support Apple Pay, Apple Inc.’s mobile payment scheme, continues to grow with the First National Bank of Pennsylvania among the latest to join the list. The bank, a unit of Pittsburgh-based F.N.B. Corp., says its debit card users now can use the …

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Eye on Apple: Watch’s PIN Protection; Grocer Adds Apple Pay at Checkout

Apple Inc.’s much anticipated Watch, which includes a near-field communication (NFC) chip for making contactless payments, will be protected by a four-digit PIN, reports Australian Web site CSO. Apple Watch users will need to enter the passcode to use Apple Pay on the watch, the site says. It remains unclear …

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With a Wary Eye on Apple Pay, Google Reported to Be in Talks to Buy Softcard

Major tech and payments companies are reportedly showing an interest in acquiring Softcard, the troubled mobile-payments joint venture owned by three of the nation’s biggest mobile operators. Google Inc. is in “exclusive” talks with the company and has offered at least $50 million for it, The Wall Street Journal reported …

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With ‘Smart Band,’ Wirecard Combines Wearables With Host Card Emulation

The number of anticipated wearable devices that can be used as payment devices has increased by one with the debut of the Wirecard Smart Band from processor Wirecard AG. Munich, Germany-based Wirecard is using host card emulation, a variant of near-field communication, in its devices. With HCE, banks and other …

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Forgot About HCE? RBC Puts It Front And Center Again With Its Latest Pilot

Remember host card emulation? You might have lost sight of this variant of mobile payments based on near-field communication amid the flood of publicity Apple Inc.’s SIM-based Apple Pay service generated this fall. But HCE never went away, and now Royal Bank of Canada is making a bid to put …

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