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  • Editing Team 16:01 on February 25, 2013 Permalink | Reply
    Tags: , , , , , transaction,   

    Visa Preparing for “Mainstream Launch” of NFC Mobile Payments in UK 

    Visa-UK-NFC-launch-rfid-blogIt is reported that Visa is working with mobile operators Telefónica and Vodafone in the UK, as well as banks and Android device makers, in preparation for a “mainstream launch” of NFC mobile payments, along with a cloud-based digital wallet called V.me.

    Visa, which has announced plans to expand its acceptance of contactless payment, predicted that the UK will have 34 million contactless Visa-branded cards on issue and 175,000 contactless terminals deployed by the end of 2013.

    Mark Austin, Visa Europe’s head of contactless, stated that contactless transactions topped 2.5 million per month in 2012 and predicted a fourfold increase in 2013, fueled in large part by such major retailers as Boots, Marks and Spencer and McDonalds supporting contactless, as well as Transport for London.

    In December, the transit authority began accepting payment of fares on 8,500 London buses from contactless bank cards. Transport for London reportedly plans to expand open-loop fare collection to the London Underground and Dockland Light Railway next November.

    The launch of the open-loop service on buses had been planned for launch in time for the Olympics, but was delayed, with the authority citing complexities in rolling out the service. Accepting bank cards directly to pay fares on the fast-paced Underground, or Tube, is even more complex, so delays are likely.

     
  • Editing Team 14:13 on January 30, 2013 Permalink | Reply
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    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 21:51 on October 10, 2012 Permalink | Reply
    Tags: , , , transaction   

    MyClear Partners with Smartag on an NFC Ecosystem for Malaysia 

    MyClear-Smartag-NFC-payment-Malaysia-rfid-blogElectronic Clearing Corp Sdn Bhd (MyClear) will collaborate with Smartag on the development of a near field communication (NFC) ecosystem for Malaysia.

    MyClear chairman, Datuk Ooi Sang Kuang, said the company looked forward to exploring the various opportunities to be offered by leveraging on NFC technology as a means to provide more convenient and efficient mobile payment services nationally.

    “We are excited at the prospect of working with Smartag towards adding more channels to complement our existing products and services, in line with the recommendation of Bank Negara Malaysia’s Financial Sector Blueprint 2011-2020,” he said in a statement.

    Under the collaboration, MyClear and Smartag will work towards developing a value proposition on the project and will undertake the necessary efforts to establish a nationwide NFC ecosystem, which is an initiative under Digital Malaysia.

    Smartag chairman Datuk Abdul Hamed Sepawi said the company was pleased to be able to collaborate with MyClear to actively involve in this process of promoting NFC ecosystem and creating greater awareness and understanding of the NFC technology’s applications and benefit.

    Meanwhile, Multimedia Development Corp chief executive officer said the implementation of the NFC ecosystem under the partnership would pave the way for Malaysia to develop a trusted national platform that enables consumers to transact securely and confidently.

     
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