Friday , March 29, 2024

Near-Field Communication (NFC)

Better Late Than Never: Apple Pay Arrives Next Week for Discover Cardholders

By Kevin Woodward Cardholders yearning to load their Discover Financial Services cards into Apple Pay have less than a week to wait. Discover announced Wednesday that its cards will work with Apple Inc.’s Apple Pay beginning Sept. 16, the same day Apple releases an updated version of its mobile operating …

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Android Pay Is Very Close to Launch, a Google Executive Declares

By John Stewart Ever since Google Inc. announced its Android Pay mobile-payments service a little more than three months ago, the online search giant has been mum about when the service will be launched. But a Google executive on Tuesday hinted in a public forum that the launch is likely …

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COMMENTARY: Tokenization, Misinformation, and the Benefits of Host Card Emulation

Tokenization is not a new concept. Yet, while the process has improved card security across a variety of industries, there still exists myriad misinformation about why it’s important and how to best implement it. I’m going to argue that an approach called host card emulation (HCE) is the safest and …

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InComm and Gemalto Prepare for Mobile Prepaid NFC Payments

Prepaid provider InComm Holdings Inc. and smart card maker Gemalto NV have devised a new service that enables mobile-wallet providers and merchants to offer and accept prepaid cards loaded onto near-field communication (NFC)-equipped smart phones. The InComm Mobile Platform uses Gemalto’s technology—namely its Trusted Service Hub for the interconnectivity, data …

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Looking Ahead to Mobile, USAA Targets EMV Chips in 80% of Credit Cards by Fall

By October, 80% of the approximately 8 million credit cards issued by USAA Bank will bear an EMV chip, furthering the payment card industry’s efforts to migrate from magnetic-stripe cards. Meanwhile, the bank, a unit of USAA, a diversified insurance and banking company based in San Antonio, Texas, is still …

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Europeans Ahead of Americans With Contactless Payments, Visa Europe Data Indicate

New data from Visa Europe indicate that while contactless payments are still a small portion of European card-based payments, they’re growing fast and likely far exceed the current level of U.S. contactless payments. London-based Visa Europe, a bank-owned licensee of Visa Inc., on Monday said there are 2.6 million contactless …

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COMMENTARY: Why I Have Only One Apple Pay Credential Loaded for Apple Watch

There’s something off about the Apple Watch, especially when it comes to Apple Pay. It’s a bit of a hassle to set up. Let me explain. When I got the watch the other day, the feature I first wanted to activate was Apple Pay, the contactless payment service Apple Inc. …

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Apple Pay: New Square Readers; Retailer Loyalty Programs Support; U.K. Expansion

Merchant processor Square Inc. is about to introduce a card reader that supports Apple Inc.’s Apple Pay mobile-payment service, Apple announced Monday. Apple Pay also will support retailers’ loyalty programs, according to Jennifer Bailey, Apple Inc.’s vice president of Internet services. The announcements came at the start of Apple’s Worldwide …

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Android Pay Vs. Apple Pay: Google Has Advantages, But Business Deals Will Win Battle

With Google Inc.’s announcement of Android Pay Thursday, the first major direct rival to Apple Inc.’s Apple Pay came into focus. While other Apple Pay competitors are already in the market or soon will be—handset giant Samsung Electronics Co. Ltd. and the retailer-controlled Merchant Customer Exchange LLC are expected to …

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Google’s Android Pay Debuts as an Apple Pay Fighter While Wallet Takes a Back Seat

Google Inc. is betting its latest mobile payments incarnation—Android Pay—will work better than Google Wallet did. Announced Thursday at Google I/O, its developer conference, Android Pay is poised to compete directly against Apple Inc.’s Apple Pay, PayPal Inc., and the upcoming Samsung Pay for a piece of the burgeoning mobile-payments …

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