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  • Editing Team 14:13 on January 30, 2013 Permalink | Reply
    Tags: , credit card, , , , ,   

    Citibank to Issue NFC Payment Stickers in the Czech Republic 

    Citibank-NFC-payment-sticker-credit-card-rfid-blogStarting in February 2013, Citibank Europe, partnered with MasterCard, will issue NFC payment stickers with each new Citi Life, Citi Life Metropole, Citi Broker Consulting, Citi BILLA and Citi CSA credit card. The service will be free of charge.

    The sticker can be placed in any location such as the back of a cell phone or on a key fob and basically works the same way as contactless credit cards: users simply have to hold the sticker in front of the reader at the payment terminal, and the transaction is completed. Payments below CZK 500 (approx. 26 USD) do not require the PIN.

    “Citibank wants to provide its clients with state-of-the-art technologies that will make shopping easier for them. Therefore it will begin to issue free contactless payment stickers with most new Citi credit cards. Current holders of Citi credit cards may also request to receive a free sticker,” said Milan Reznícek, Citibank credit card product manager.

    In the near future, contactless stickers will also be automatically provided with the O2 Citi credit cards that are issued in cooperation with VISA.

  • Editing Team 13:36 on October 13, 2012 Permalink | Reply
    Tags: credit card, , , ,   

    Japanese Mobile Operator Brings NFC Payments Abroad 

    Japanese-NTT-Docomo-MasterCard-NFC-mobile-payment-abroad-rfid-blogAn analyst once said, allowing users to make NFC payments with their mobile phone abroad is a natural step for operator.

    Japanese mobile operator NTT DoCoMo has partnered with MasterCard to allow DoCoMo users to make mobile payments when travelling abroad next year.

    DoCoMo’s iD mobile credit payment system will be expanded to include MasterCard PayPass merchant locations, of which there were nearly 500,000 in 41 countries as of June.

    Worldwide operators, smartphone OS vendors, banks and card companies are competing for a position in the NFC-based mobile payment space.

    But hardly anyone is able to compete with the payment card companies when it comes to international payments, except perhaps PayPal, according to Lars Kurkinen, telecom analyst at Berg Insight. Visa and MasterCard can be expected to sign similar deals with operators in other countries, but it will take some time, he said.

    To use the iD and PayPass integration, DoCoMo users first need an NFC-enabled phone used outside Japan, called Type A and Type B. The Sony Xperia AX-SO-01E and the Sharp Aquos Phone Zeta SH-02E, announced on Thursday, fit the category.

    Phones also have to be equipped with a new mini UIM card and an iD application for PayPass, which will be ready in September next year.

    DoCoMo, KDDI and Softbank said they will work together in the newly formed “Japan Mobile NFC Consortium” to bring the country in line with standards used abroad, namely Type A and Type B.

    They currently use FeliCa, which is developed by Sony, for mobile payments.

  • Editing Team 20:39 on September 24, 2012 Permalink | Reply
    Tags: credit card, , , , , ,   

    MasterCard Announced NFC PayPass for Ultrabooks 

    MasterCard-NFC-PayPass-Ultrabooks-rfid-blogYou may have heard about MasterCard’s PayPass, which allows you to pay by tapping your credit card against a sensor at particular retail locations. Now, the company has taken the same experience to Ultrabooks, letting you to tap your credit card against an NFC sensor below your computer keyboard, to send all your payment information to your favorite online vendor.

    With the NFC PayPass on the Ultrabooks, users can log into participating etailers’ site, simply put a product in the shopping cart, select PayPass as the payment method and Tap&Pay as the login method, and swipe the card against the notebook deck. Then the website will automatically enter all of the cardholder’s information, including name and billing/shipping address. Now, you can buy something with one swipe and a few clicks, no need for filling out a quantity of online forms.

    Although Intel expects future Ultrabooks to come with NFC, currently the soon-to-be-released Toshiba Satellite U925t is the only Ultrabooks with NFC embedded and supports Tap&Pay.

    In another upcoming PayPass Wallet Services, when you visit a participating etailer’s site and choose PayPass as your payment method, you’ll be able to verify your identity either with a password or by NFC swiping.

    Perhaps the best thing about PayPass Wallet Service is not the convenience, but the security. It is said that the vendor just gets a verification from MasterCard instead of getting your actual credit card number. Thus, if you use PayPass to buy something and the vendor’s computer systems are later hacked, the hackers won’t find your credit card number.

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