O2 UK has announced plans to launch a contactless mobile payment service in the UK later this year, according to Total Telecom. O2’s managing director of financial services James Le Brocq told Total Telecom, “We want to take the entire contents of your wallet and put it on the mobile,” adding that the service will […]

New York City’s Metropolitan Transportation Authority (MTA) is ready to start building its contactless fare payment system after nearly four years of testing, according to Digital Transactions News. MTA officials say they are finalizing a broad outline of the system and will soon receive formal proposals from vendors to begin work on a detailed design, […]

Research in Motion (RIM), maker of BlackBerry smart phones, has announced plans to launch NFC payments in the UK in time for the 2012 Olympics, according to MarketingWeek. Last week T-mobile and Orange announced their joint venture Everything Everywhere will be the first UK operator to offer NFC payments this year, with O2, Nokia, Android […]

French card manufacturer Isra Cards has announced the release of its new contactless smart card, the Mifare Plus. According to Isra, the new smart card features an integrated ‘CPU’ chip designed to provide companies with advanced security and privacy without having to change their system to be compatible with new Mifare Plus technology. The card […]

Contactless network provider accells has announced it will unveil its new point-of-sale contactless mobile service this month at the Mobile World Congress 2011 in Barcelona. By linking a contactless tag or any NFC-enabled phone to the user’s mobile phone number, accells enables customers to make contactless transactions at the point of sale, conduct money transfers, […]

LG Electronics is gearing up for a 2012 launch of NFC payments services in Europe, according to Reuters. The Korean electronics giant says it is already beta testing contactless mobile payment technology, which will be targeted at small and medium-sized businesses. According to Reuters, LG is looking to integrate NFC into its security systems and […]

BMW has revealed plans for an NFC-enabled “car key of the future,” according to computerweekly.com. “Our vision is that, in future, the key will not only mean access to the car but, inside and outside the car, will become as it were the ‘key’ to many functions,” said Thomas Kratz of BMW development access and […]

MasterCard and Telefónica have announced they are forming a joint venture to launch mobile payment solutions in 12 Latin American countries. The new 50-50 JV will seek to provide some 87 million people with mobile payment services linked to a mobile wallet or prepaid account, including money transfers, mobile airtime reload, bill payment and retail […]

MasterCard Worldwide has appointed Mung-Ki Woo as group executive of the company’s mobile division. According to MasterCard, Woo will have global responsibility for innovation, commercialization and development of go-to-market strategies to support mobile payments around the world. Most recently, Woo was Vice President of Electronic Payments & Transactions at the France Telecom – Orange Group, […]

The Southeastern Pennsylvania Port Authority (SEPTA) is borrowing $175 million from the Philadelphia Industrial Development Corp to implement its new electronic fare system, according to The Philadelphia Inquirer. After a two year standstill in which SEPTA unsuccessfully applied for government funding, the agency is looking to hire a contractor to begin installation by early summer. […]