The prospect of combining on one contactless card payments for parking and transit fares would seem like a winner for hundreds of thousands of commuters who drive each morning to transit parking lots and then hop on a train or bus to the office. That was one idea floated last …
Read More »With Signed Merchants Onboard, Isis Looks at Transit, Fast Food, Groceries
The new Isis mobile-payments venture has recruited some merchants as it builds the acceptance side of its network, the Isis executive overseeing the merchant effort said on Wednesday. “We do have signed merchants at this point,” Jim Stapleton, head of sales and account management at Isis and a veteran of …
Read More »Android’s Popularity Could Boost New NFC Smart Phone Software
The rocketing popularity of Google Inc.’s Android operating system for smart phones could also propel near-field communication (NFC) technology for mobile financial services now that NXP Semiconductor and Giesecke & Devrient have introduced NFC software for Android phones. The open-source code, announced this week at a major telecom conference in …
Read More »New York’s Open-Fare Transit Plan Starts Down the Development Path
After about four years of testing, the New York City area’s Metropolitan Transportation Authority is beginning the process of building a fare-payment system based on general-purpose contactless cards. MTA officials tell Digital Transactions News that they plan to publish a so-called Concept of Operations, a document outlining the agency’s broad …
Read More »Vancouver’s New Fare System Paves the Way for Contactless Bank Card Transit Payments
Vancouver’s public-transportation authority has selected a $220 million fare-payment system from Cubic Transportation Systems Inc. that includes a transit-only reloadable contactless card but also the ability to accept general-purpose contactless cards. Replacing proprietary fare cards with systems that add transit capabilities to contactless credit and debit cards issued by banks …
Read More »NFC Phones Poised for a Worldwide Boom, But U.S Mobile Payments Will Lag
The global market for smart phones with near-field communication technology (NFC) will heat up in 2011, opening the way for contactless payments via mobile phones, according to a new report from Mercator Advisory Group Inc. But while the U.S. is poised to be a breakout market for NFC at some …
Read More »Eye on Mobile: A Google Deal Comes to Light; A Visa Offers App
Google Inc. continues to cement its early grip on mobile payments, as indicated by the disclosure on Monday that the online search giant has acquired a small company in Toronto whose technology purports to enable payments, promotions, and advertising over mobile phones. News of the deal follows in the wake …
Read More »Google’s NFC Phone: A Good Start, But Lots of Issues Remain
As with other recent moves toward contactless payments via mobile phones, Google Inc.’s introduction of a smart phone equipped with near-field communication (NFC) technology comes shrouded with question marks, say mobile-payments players. Google’s move, which it announced on Monday in conjunction with the rollout of a new, NFC-supporting version of …
Read More »Discover Starts to Roll out Its Zip Contactless Payment System
After an extended testing period, Discover Financial Services is rolling out its Discover Zip contactless payment system. The card network says an undisclosed number of cardholders began receiving contactless cards in the mail Nov. 15, while others received contactless stickers that attach to their mobile phones or other items. More …
Read More »Merchant Group Calls for Bold Action on Mobile Payments with EMV
A trade group representing more than 50 major U.S. merchants released a position paper on Monday calling on the payments industry to move resolutely toward mobile payments with near-field communication (NFC) capability and chip-and-PIN technology. The Merchant Advisory Group, based in Dallas, sent the five-page paper to card networks, major …
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